VANCOUVER,
Dec. 6, 2018 /CNW/
- Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXD, FSE:
9BR1) (the "Company" or "Bonterra") is pleased to
announce the latest drilling results from the ongoing resource
development program at the Gladiator Deposit, including
intersections of 11.4 g/t Au over 2.5
m north of the deposit and 13.7 g/t Au over
7.3 m at the Main zone. The
ongoing resource development program at the Gladiator deposit
includes definition, expansion and exploration drilling.
Exploration drilling is focused on deposit extension onto the
Duke optioned property as the Company
is now earning 70% of this ground from Osisko Mining (see BTR news
release dated May 23, 2018). Multiple
new high-grade intersections were discovered north of the deposit
extending the width of the deposit up to 300
m to the north.
Highlights and Observations:
- Multiple new high-grade intersections were intersected in
exploration drilling north and west of the Gladiator deposit,
extending the known extents of mineralization up to 300 m north and highlighting the potential for
further expansion.
- BA-18-72 intersected the New North
zone with 7.3 g/t Au over 2.1
m and extended the North Zone down plunge in the Rivage
area with 14.1 g/t Au over 1.2
m.
- BA-18-78 intersected the North zone
eastward down plunge to more than 800
m below surface with 5.4 g/t Au over 1.1 m.
- BA-18-81 extended the North zone in
the Rivage area with 18.0 g/t Au over 2.6
m. This intersection expands the zone down plunge and
opens up the Rivage area for further extension at depth.
- BA-18-83 intersected the Main zone at
approximately 100 m below surface
with 13.7 g/t Au over 7.3 m.
This infill intersection expanded the high grade trend within the
Main zone in the Rivage Gap area.
- BA-18-90 further defines the Footwall
zone with 25.9 g/t Au over 2.0
m in the Rivage area.
- BA-18-95 intersected multiple
high-grade structures north of the deposit onto the Duke property including 4.8 g/t Au over
3.8 m. This exploration hole
discovered five distinct gold zones north of the Gladiator
deposit.
- BA-18-95 extended the North zones
down plunge greater than 500 meters below surface with 7.7 g/t
Au over 1.0 m. Hole BA-18-95 also
opens up the Footwall zone with 4.8 g/t Au over 2.0 m in the Rivage area. These intersections
highlight the exploration potential to discover additional
high-grade chutes at the deposit.
- BA-18-102 intersected multiple new
structures in the Rivage area, including 10.6 g/t Au over
1.4 m, extending mineralization
more than 100 m to the southwest.
- BA-18-108 intersected 11.4 g/t Au
over 2.5 meters north of the deposit on the Duke property.
The ongoing resource development program continues to
expand and define the Gladiator Gold Deposit ahead of the upcoming
mineral resource estimate. One drill remains active at
the Gladiator Deposit to expand the footprint of the known
mineralization at the new Titan zone discovery (see BTR news
release dated November 20, 2018). The
Gladiator deposit remains open in all directions.
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t Au)
|
Zone/Area
|
BA-18-71A
|
965.0
|
967.0
|
2.0
|
5.5
|
Footwall
|
BA-18-72
|
262.9
|
265.0
|
2.1
|
7.3
|
New
North
|
BA-18-72
|
377.5
|
378.7
|
1.2
|
14.1
|
North
|
BA-18-73
|
536.0
|
538.0
|
2.0
|
4.9
|
Footwall
|
BA-18-74
|
91.2
|
93.0
|
1.8
|
5.4
|
South
|
BA-18-75
|
803.0
|
805.0
|
2.0
|
4.1
|
North
|
BA-18-78
|
1003.9
|
1005.0
|
1.1
|
5.4
|
North
|
BA-18-81
|
289.5
|
291.5
|
2.0
|
7.1
|
Footwall
|
BA-18-81
|
354.0
|
356.6
|
2.6
|
18.0
|
North
|
BA-18-82
|
200.8
|
201.8
|
1.0
|
5.2
|
New North
|
BA-18-83
|
141.4
|
148.7
|
7.3
|
13.7
|
Main
|
BA-18-88
|
127.9
|
130.0
|
2.1
|
6.5
|
New
North
|
BA-18-90
|
427.0
|
429.0
|
2.0
|
25.9
|
Footwall
|
BA-18-93
|
68.5
|
70.0
|
1.5
|
4.8
|
New North
|
BA-18-93
|
79.0
|
81.0
|
2.0
|
4.7
|
New
North
|
BA-18-95
|
59.0
|
60.0
|
1.0
|
4.4
|
New North
|
BA-18-95
|
220.0
|
223.8
|
3.8
|
4.8
|
New
North
|
BA-18-95
|
460.5
|
462.3
|
1.8
|
4.7
|
New North
|
BA-18-95
|
502.9
|
505.0
|
2.1
|
5.7
|
New North
|
BA-18-95
|
580.0
|
581.0
|
1.0
|
4.0
|
New North
|
BA-18-95
|
650.0
|
651.0
|
1.0
|
7.7
|
North
|
BA-18-95
|
860.0
|
862.0
|
2.0
|
4.8
|
Footwall
|
BA-18-102
|
203.0
|
205.0
|
2.0
|
3.7
|
Rivage
|
BA-18-102
|
252.1
|
253.5
|
1.4
|
10.6
|
Rivage
|
BA-18-102
|
269.8
|
271.2
|
1.4
|
5.6
|
Rivage
|
BA-18-108
|
293.5
|
296.0
|
2.5
|
11.4
|
New
North
|
|
|
*
|
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.
|
Please see
http://bonterraresources.com/projects/gladiator-deposit/maps-sections/
for updated maps including long sections and cross
sections.
Bonterra Resources Quick Facts:
- Control of three 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 for
the Gladiator, Barry and Moroy 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.
Robert Gagnon, P.Geo., has
approved the information contained in this release. Mr.
Gagnon is a director of Bonterra 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.