VAL D'OR, QC, Feb. 14, 2019 /CNW/ - Bonterra Resources
Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the "Company" or
"Bonterra") is pleased to announce that the ongoing
exploration drill program continues to return positive results,
extending gold-bearing mineralized zones on the Gladiator Deposit.
The objective of the current drill program is to explore potential
extensions on the Gladiator Deposit with three active drill
rigs.
Today's positive results, which include 40.2 g/t over
2 m in hole BA-19-09 and 20.7
g/t over 1.5 m in hole BA-19-07, confirm the extension
of the North and Rivage Zones in a west-southwesterly direction by
an additional 100 m, with
mineralization encountered within 150
m of surface. These recent drill holes also confirm the
easterly plunge of the mineralization. Visible gold is observed in
smoky quartz veins and is associated with sphalerite which is
typical of the Gladiator Deposit zones.
Bonterra has also extended the newly discovered Titan Zone 60
metres to the East with a drill intercept of 7g/t Au over
2 m in hole BA-19-01. The
mineralized zone consists of quartz vein and stockworks with
visible gold hosted in a major shear zone. The Titan Zone shows a
lot of similarities to the Gladiator Zones and remains open in all
directions.
Drilling highlights:
Hole
|
From (m)
|
To (m)
|
Length*
(m)
|
Grade
(g/t)
|
Zone
|
BA-19-01
|
444.3
|
445.4
|
1.1
|
4.9
|
Titan 1
|
|
565.0
|
567.0
|
2.0
|
7.0
|
Titan 2
|
|
|
|
|
|
|
BA-19-07
|
103.6
|
105.1
|
1.5
|
20.7
|
North
|
|
|
|
|
|
|
BA-19-09
|
142.4
|
143.9
|
1.5
|
7.3
|
Rivage
|
|
153.3
|
155.3
|
2
|
40.2
|
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.
|
Greg Gibson, Interim CEO, states:
'These recent results continue to demonstrate that the Gladiator
Deposit has yet to reveal its full potential. Whether the drill
step-outs are 100 metres or 2 km, our technical team manages to
identify gold mineralization where it is anticipated. We will keep
pushing in the next weeks to include all drill results in the
upcoming mineral estimate."
Please see
http://www.bonterraresources.com/en/gladiator/maps-sections for
updated long section and cross section.
Bonterra Resources Quick Facts:
- Control of three high-grade gold deposits (Gladiator, Barry and
Moroy) 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
- Property-wide NI 43-101 Mineral Resource Estimate underway to
include the Gladiator, Barry and Moroy deposits
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 Company's 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. Theses audit assays were sent to ALS laboratory
located in Val-d'Or, Quebec. The
results of the audits are consistent with those obtained.
Qualified Persons
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"
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
labour 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.