VAL-D'OR, QC, March 4, 2019 /CNW/ - Bonterra Resources
Inc. (TSX-V: BTR, OTCQX: BONXF, FSE:
9BR1) ("Bonterra" or the "Company") is
pleased to announce results from its recently completed underground
drilling campaign at the Barry project, with new high-grade gold
mineralization intersections in various zones.
Drilling highlights include:
- 13.4 g/t Au over 3.2 metres in hole BR18-03
- 8.2 g/t Au over 5.3 metres in hole BR18-05
- 15.4 g/t Au over 2.3 metres in hole BR18-08
- 157.6 g/t Au over 1.3 metres in hole BR18-12B
- 15.5 g/t Au over 4.5 metres in hole BR19-25
These results are from Bonterra's diamond drilling campaign
undertaken on the Barry Deposit during Q4 2018 and Q1 2019. The
program consisted of 25 sub-horizontal drill holes totaling 7,548
metres. This campaign was successful in confirming the multiple
gold zones utilizing 20- to 30-metre drill spacings, mainly on
Level 100 (see attached figure). Most of the drill holes
intersected gold mineralization where it was anticipated based on
our current models.
Greg Gibson, Interim CEO, states:
"We are extremely pleased with our recent underground drilling
campaign at Barry which has proven to be a large success, attesting
to the robust continuity and grade of the deposit. This new
drilling data on the Barry deposit will be included in the upcoming
property-wide resource estimate."
The definition drilling campaign validates the location and
grade of the gold-bearing zones at Barry and will allow for the
planning of a proposed bulk sample in the upcoming months. The
company also intends to increase the size of the Barry deposit by
drill-testing multiple mineralized shears and tensional veins that
remain open at depth along strike and down-dip.
The gold mineralization at the Barry project is structurally
controlled and is hosted in a sheared basalt containing
quartz-carbonate-albite veins with pyrite. Bonterra has identified
five main sub-vertical and sub-parallel shear zones and
approximately ten secondary more shallow-dipping tension veins.
These structures are open in all directions.
Drilling highlights:
Hole
|
From (m)
|
To (m)
|
Length*
(m)
|
Grade
(g/t)
|
Zone
|
BR18-01
|
283.6
|
286.0
|
2.4
|
9.9
|
800
|
BR18-03
|
285.7
|
286.7
|
1.0
|
17.9
|
800
|
|
307.4
|
310.6
|
3.2
|
13.4
|
H3
|
BR18-05
|
206.9
|
208.2
|
1.3
|
7.8
|
H7
|
|
278.2
|
283.4
|
5.2
|
8.2
|
800
|
BR18-07
|
291.5
|
296.0
|
4.5
|
4.8
|
800
|
BR18-10
|
296.6
|
299.0
|
2.4
|
12.5
|
800
|
|
330.5
|
331.5
|
1.0
|
7.3
|
H3
|
BR18-08
|
246.4
|
248.2
|
1.8
|
8.4
|
H7
|
|
292.3
|
296.2
|
3.9
|
3.0
|
800
|
|
343.9
|
346.2
|
2.3
|
15.4
|
H3
|
BR18-09
|
168.5
|
172.2
|
3.7
|
4.6
|
950
|
|
253.3
|
254.3
|
1.0
|
12.3
|
H7
|
BR18-11
|
77.7
|
79.2
|
1.5
|
16.5
|
1000
|
|
297.6
|
303.4
|
5.8
|
2.0
|
800
|
|
334.6
|
336.5
|
1.9
|
10.8
|
H3
|
BR18-12
|
220.7
|
222.2
|
1.5
|
8.6
|
H7
|
BR18-12B
|
213.0
|
214.9
|
1.9
|
4.1
|
H7
|
|
224.5
|
226.0
|
1.5
|
3.6
|
H7
|
|
231.1
|
232.4
|
1.3
|
157.6
|
850
|
|
290.0
|
291.2
|
1.2
|
7.8
|
800
|
BR18-18
|
121.8
|
123.4
|
1.6
|
6.2
|
950
|
|
151.9
|
153.3
|
1.4
|
1.6
|
950
|
BR18-21
|
143.0
|
144.1
|
1.1
|
5.2
|
950
|
|
305.0
|
310.1
|
5.1
|
4.1
|
H3
|
BR19-24A
|
280.5
|
282.2
|
1.7
|
7.6
|
H7
|
|
287.5
|
291.5
|
4.0
|
10.1
|
H7
|
|
296.5
|
300.6
|
4.1
|
4.8
|
H7
|
|
344.7
|
349.0
|
4.3
|
2.2
|
800
|
BR19-25
|
194.8
|
199.3
|
4.5
|
15.5
|
H7
|
|
263.4
|
264.5
|
1.1
|
7.4
|
800
|
*Stated lengths
are core width as drilled, true widths vary and average between 75
and 90 percent of drilled widths.
|
Please see
http://www.bonterraresources.com/projects/barry-deposit/ for
an updated plan map and long section of the Barry
deposit.
Quality Control and Reporting Protocols
The Company uses a rigorous QA-QC analytical program according
to industry standards. The analytical results were done by
pyroanalysis (A.A.) at the mine laboratory. Blanks, duplicates and
certified reference standards are inserted into the sample stream
to monitor laboratory performance. The company's QA-QC
analytical verification program requires that a minimum of 10% of
the samples be audited at an independent laboratory. These
audit assays were sent to ALS laboratory located in Val-d'Or, Quebec. The results of the audits
are consistent with those obtained.
Bonterra Resources Quick Facts:
- Advancing three high-grade gold deposits; Gladiator, Barry and
Moroy with 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
- Property-wide NI 43-101 Mineral Resource Estimate underway to
include the Gladiator, Barry and Moroy deposits
Qualified Person
Pascal Hamelin, P.Eng., VP
Operations, is the Qualified Person under NI 43-101, responsible
for reviewing and approving the technical information contained in
this news release.
Cautionary and Forward-Looking Statements
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".
Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as "expects" or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"estimates" or "intends", or stating that certain actions, events
or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved) are not statements of historical fact and may
be "forward-looking statements." These forward-looking
statements include, but are not limited to, statements with respect
to planned exploration programs, costs and expenditures, changes in
Mineral Resource estimates, potential growth in Mineral Resources,
conversion of Mineral Resources to proven and probable Mineral
Reserves, and other information that is based on forecasts of
future operational or financial results, estimates of amounts not
yet determinable and assumptions of management. Forward-looking
statements are subject to a variety of risks and uncertainties that
could cause actual events or results to differ from those reflected
in the forward-looking statements. Exploration results that
include geophysics, sampling, and drill results on wide spacings
may not be indicative of the occurrence of a mineral deposit. Such
results do not provide assurance that further work will establish
sufficient grade, continuity, metallurgical characteristics and
economic potential to be classed as a category of mineral
resource. A mineral resource that is classified as
"inferred" or "indicated" has a great amount of uncertainty as to
its existence and economic and legal feasibility. It cannot be
assumed that any or part of an "indicated mineral resource" or
"inferred mineral resource" will ever be upgraded to a higher
category of resource. Investors are cautioned not to assume that
all or any part of mineral deposits in these categories will ever
be converted into proven and probable
reserves. 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 labour relations
matters. These and other factors should be considered
carefully and readers should not place undue reliance on such
forward-looking information.
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SOURCE Bonterra Resources Inc.