BonTerra Initiates Exploration Program at Symphony Rare Earth Property, Houston B.C.

BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company")
announces that it has retained the services of Minconsult Exploration Services
permit for Exploration and to do a historical data compilation and to implement
a work program for the Company's Symphony rare earth property. The Company
currently holds18 mineral claims covering an area of approximately 7,747
hectares, lying within the Omineca mining district of British Columbia. The
claims are located adjacent to the Silver Queen mine property in central British
Columbia.


The adjacent Silver Queen property has been the focus of many exploration and
development programs since its initial discovery in 1912. The Bradina joint
venture took the property into production during 1972 to 1973. In the late 1980s
an extensive development and exploration project was conducted consisting of
surface and underground diamond drilling and lateral development on three
underground levels. Under the direction of Houston Metals Corp., Cominco
Engineering Services Ltd. conducted a feasibility study in 1988. The metal
recoveries with the technology available at that time precluded a production
decision. Occurrences of silver, gold, copper, lead, zinc, gallium, indium and
germanium have been established by previous work. 


BonTerra management believes the Silver Queen mineralization extends north onto
the Symphony property. 


The Company also announced a non brokered private placement of 5,000,000 units
at $0.15 per unit for total gross proceeds of $750,000. Each unit will consist
of one common share and one transferable share purchase warrant, each warrant
exercisable into one additional common share at a price of $0.20 per share for a
period of two years from the date of closing. This placement is subject to TSX
Venture Exchange approval.


The proceeds of the placement will be used for general working capital.

Finders' fees may be payable in whole or in part on the units issued under the
financing, in accordance with TSX Venture Exchange policy.


ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

Mitchell Adam,  President, Director

BonTerra Resources (TSXV:BTR)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024