VANCOUVER, Nov. 20, 2018 /CNW/ - Bonterra Resources
Inc. (TSX-V: BTR, OTCQX: BONXD, FSE: 9BR1) (the "Company" or
"Bonterra") is pleased to announce that the Gladiator
mineralized trend has been extended to over 4.5 km as a result of
new drill results as well as new information gained through the
Duke joint venture database.
Drilling by Bonterra and by the previous owner of the Duke ground (Beaufield Resources Inc., now Osisko
Mining Inc.) has resulted in Gladiator deposit extensions in both
the east and west directions.
Drill hole BRS-17-11 was completed in 2017 by Beaufield in
proximity to the Beaufield/Bonterra claim boundary approximately 2
km northeast of the known Gladiator deposit extent. This
drill hole crossed into Bonterra claims at approximately
300 m depth below surface and
encountered a broadly altered and mineralized zone that was
identical in characteristics to the Gladiator deposit including the
presence of visible gold. The hole was logged and sampled by
Beaufield; however, it was not reported to Bonterra and it is
unclear whether assays were obtained at the time. Since the
Duke option deal was ratified with
Beaufield, Bonterra has been able to retrieve the core and resample
it resulting in an intersection of 7.7 g/t over 3.0 m. Additional holes obtained from the
Duke database as well as new drilling
completed by Bonterra have confirmed the extensions in both the
east and west directions. Bonterra is now drilling follow up
holes in and near the Duke option
southern boundaries as it is now earning in to 70% of this ground
from Osisko Mining (see BTR news release dated May 23, 2018).
Highlights and Observations:
- BRS-17-10 and BRS-17-11 were historic and
re-sampled intervals indicating potential extensions of the
Gladiator deposit to the northeast of up to 2 km with 8.7 g/t Au
over 3.0 and 7.7 g/t Au over 3.0
m, extending the total Gladiator trend to 4.5
km.
- CL-17-31 intersected 5.5 g/t Au over 3.0 m at Coliseum zone 1 km to the SW of
Gladiator deposit.
- BA-18-109 intersected 5.6 g/t Au over 1.5 m at the new Titan zone confirming the
mineralized structure NE of Gladiator deposit.
The Coliseum Zone extension occurs 1 km south west of the
Gladiator deposit along strike with 5.5 g/t Au over 3 m in a mineralized shear zone. The Titan Zone
extension has been discovered 2 km northeast of the Gladiator
deposit with results such as 7.5 g/ t Au over 3 m with visible gold hosted in a smoky quartz
vein. The Titan zone is defined to date by 5 drill holes, 4 of them
displaying visible gold. These two mineralized zones have
structural and geological similarities to the Gladiator deposit and
are on strike in both the east and west directions.
Historical drilling from previous operators were re-sampled
based on current geological models and the results lead the team to
the new discovery north east of the Gladiator deposit.
Two rigs are currently in operation to expand the footprint of
the known mineralization. The Titan zone and Coliseum zone remain
open in all directions.
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t
Au)
|
Zone/Area
|
BRS-17-06**
|
95.0
|
97.6
|
2.6
|
7.4
|
Titan
|
BRS-17-10**
|
18.5
|
21.5
|
3.0
|
8.7
|
Titan
|
BRS-17-11
|
439.7
|
442.7
|
3.0
|
7.7
|
Titan
|
BA-18-109
|
155.0
|
156.5
|
1.5
|
5.6
|
Titan
|
CL-17-31
|
257.0
|
260.0
|
3.0
|
5.5
|
Coliseum
|
*Stated
lengths are core width as drilled, true widths vary and average
between 60 and 80 percent of drilled widths. Core axis angles
of the intersection contacts and surrounding rock units average 55
to 70 degrees.
|
**Drill hole
previously released (see Beaufield news release dated October 16,
2017).
|
Nav Dhaliwal President and CEO of
Bonterra stated: "Bonterra is consistently demonstrating the
potential of gold discoveries on its land package in the Urban
Barry Camp. The full potential of the Gladiator deposit and area
can now be fully realized utilizing the complete land package
consisting of the Duke option together
with the original Bonterra lands. The recent results show that
Bonterra is not only controlling several known gold deposits but
sits on a major gold bearing structure that has not been fully
exploited yet."
Please see
http://bonterraresources.com/projects/gladiator-project/maps-sections/
for updated maps including long sections and cross sections.
Bonterra Resources Quick Facts:
- Control of three advanced high-grade gold deposits (Gladiator,
Moroy and Barry) and significant regional targets
- 100% ownership of the Urban-Barry Mill, the only permitted gold
mill in the region
- Strong shareholder base including: Eric
Sprott and Kirkland Lake
Gold
- New NI 43-101 Mineral Resource Estimate anticipated in 2018 for
the Gladiator and Barry Deposits
Quality Assurance and Quality Control:
Bonterra estimates that the true thickness of mineralized
intervals is between 60-80% of stated core lengths. No capping
grade has been applied. NQ-sized drill core is saw cut with half of
the interval sampled for analysis at ALS Laboratories in
Val d'Or, Quebec and the remaining
half is stored at the Gladiator project site. Sample intervals are
selected based on geological criteria including lithology,
mineralization and alteration. Blanks and certified reference
standards are inserted every 25 samples. The company employs a
QA/QC program consistent with NI 43-101 and industry best
practices.
Pascal Hamelin, P.Eng., has
approved the information contained in this release. Mr.
Hamelin is the Chief Operating Officer of Bonterra's wholly-owned
subsidiary, Metanor Resources Inc., and is a Qualified Person as
defined by NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President &
CEO
Bonterra Resources Inc.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release contains "forward-looking information"
that is based on Bonterra's current expectations, estimates,
forecasts and projections. This forward-looking information
includes, among other things, statements with respect to Bonterra's
exploration and development plans. The words "will", "anticipated",
"plans" or other similar words and phrases are intended to identify
forward-looking information. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause Bonterra's actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Such
factors include, but are not limited to: uncertainties related
exploration and development; the ability to raise sufficient
capital to fund exploration and development; changes in economic
conditions or financial markets; increases in input costs;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological
or operational difficulties or inability to obtain permits
encountered in connection with exploration activities; and labor
relations matters. This list is not exhaustive of the factors that
may affect our forward-looking information. These and other factors
should be considered carefully, and readers should not place undue
reliance on such forward-looking information. Bonterra disclaims
any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
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SOURCE Bonterra Resources Inc.