BonTerra Continues Drilling in Advance of Gold Resource Calculation & Awaits Gold Assays for Eight Drill Holes

BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company",
"BonTerra") continues drilling its Eastern Extension property ("the Property")
which is situated 170km northeast of Val d'Or, Quebec. BonTerra is currently
drilling BA-11-33, one of a series of up to nine (9) deep holes (550-700 metres
deep each) in advance of the gold resource calculation on the Property. The
Company anticipates drilling to be completed later in September. Once all gold
assays are received, BonTerra anticipates having Geologica complete the NI
43-101 compliant gold resource calculation for the Eastern Extension. BonTerra
anticipates drilling a grand total of roughly 15,000 metres and submitting about
7,000 drill core samples to be assayed for gold. All of this data is being input
into the 3D model of the Property as the mineralized zones continue to be
expanded. 


BonTerra has also resampled secondary vein systems in some previously drilled
holes including BA-10-01 and BA-10-02. These secondary systems are often seen to
host gold as well as the primary target, the smoked mineralized veins. 


Description of the Eight Drill Holes with Gold Assays Pending



--  BA-11-10 is being extended to 600 metres in depth. This drill hole has
    led to the discovery of a new vertical ore shoot and had seven veins
    hosting visible gold ("VG"). This new ore shoot is open at depth and is
    being tested by a further four (4) drill holes. 
--  BA-11-25 and BA-11-26 were drilled under the lake in the west to expand
    the Peninsula zone. Of great interest to BonTerra is the intercepting a
    mineralized smoked quartz vein deep under Lac Barry. 
--  BA-11-27 was drilled along section with BA-11-16 in order to deepen the
    gold bearing veins in the east which BonTerra discovered earlier this
    year. 
--  BA-11-28 was originally drilled to 399 metres. This drill hole is being
    deepened to approximately 600 metres. The goal is to intercept two
    parallel vertical ore shoots which host smoked mineralized quartz veins.
--  BA-11-29 was originally drilled to 199 metres and has since been
    deepened by nearly 100 metres. The Company has received partial assays
    and disclosed a partial intercept of 7.86 metres grading 14.60 g/t gold
    including 3.5 metres assaying 32.74 g/t and 0.70 metres assaying 114 g/t
    gold. This intercept was based on a limited number of samples. BonTerra
    expects to disclose an updated and thicker gold intercept once the
    remaining assays are received. 
--  BA-11-30 was drilled underneath the known gold mineralization in the
    Peninsula Zone with the intent to deepen said mineralization. 
--  BA-11-31 is of great interest to the Company as seven distinct highly
    mineralized smoked quartz veins were observed. Many of these veins are
    poised to deepen and greatly increase tonnage of the ore shoot recently
    discovered in BA-11-10. 
--  BA-11-32 was drilled to trace these new deep ore shoots. The Company is
    intrigued by the new discovery of four roughly parallel highly
    mineralized veins at great vertical depths. These deep veins are new and
    have the potential to exponentially increase the tonnage and add
    additional gold ounces to the upcoming gold resource calculation. 



Thomas Clarke, Director states, "With BonTerra drilling roughly 15,000 metres on
the Eastern Extension it should be very clear how highly we value this property.
Our hard work as a team is now paying off in spades as we are now discovering
mineralized ore shoots at greater depths. I anticipate releasing our first
resource calculation in the not too distant future. This Resource calculation
will be the culmination of a year in which we have worked steadily and
methodically advancing this property."


Geological Characteristics of the Gold Bearing Veins on the Eastern Extension

The target for all drilling on the Eastern Extension property is smoky quartz
veins mineralized with sulphides (pyrite, pyrrhotite, chalcopyrite, sphalerite
+/- visible gold). Sulphides commonly compose 1-10% of the mineralized zones and
can be as high as 50% locally. Alteration is most commonly silica, carbonate,
chlorite, tourmaline and sericite. The combination of quartz veins, tourmaline,
alteration types and sulphides is ideal for gold mineralization in the area.
Sphalerite present in the quartz veins appears to be associated with the highest
grade gold zones on the property to date.


Qualified Person

This technical content of this press release has been reviewed and accepted by
Thomas Clarke, Pr.Sci.Nat., and a Director of BonTerra. Mr. Clarke is a
Qualified Person under National Instrument 43-101.


Location of the Drill Holes with Assays Pending Disclosed in this News Release



----------------------------------------------------------------------------
DDH                Northing     Easting       Depth     Azimuth         Dip 
Number           (UTM NAD83) (UTM NAD83)    (metres)   (degrees)   (degrees)
----------------------------------------------------------------------------
BA-11-10             456236     5428225    510.05(i)      158.0         -70 
----------------------------------------------------------------------------
BA-11-25             456140     5428118      351.00       190.0         -55 
----------------------------------------------------------------------------
BA-11-26             456140     5428118      498.10       198.8         -55 
----------------------------------------------------------------------------
BA-11-27             456267     5428273      450.30       160.0         -52 
----------------------------------------------------------------------------
BA-11-28             456163     5428220    399.00(i)      155.8         -52 
----------------------------------------------------------------------------
BA-11-29             456204     5428128      291.28       160.0         -50 
----------------------------------------------------------------------------
BA-11-30             456170     5428259      468.09       174.0         -52 
----------------------------------------------------------------------------
BA-11-31             456195     5428149      495.00       162.6         -52 
----------------------------------------------------------------------------
BA-11-32             456152     5428164      542.88       155.0         -65 
----------------------------------------------------------------------------
                                                                            
(i) BA-11-10 and BA-11-28 are each being deepened to a total depth of       
    approximately 600 metres.                                               



About BonTerra Resources

BonTerra is a Canadian gold exploration company focused continuing to expand the
known gold zone on its Eastern Extension property, part of the world famous
Abitibi Greenstone Belt of Quebec. BonTerra has a total of four properties in
the Urban-Barry belt, all gold exploration targets. BonTerra's Eastern
Extension, Lavoie, Urban-Barry and Anderson properties are located approximately
170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Urban, Barry and
Bailly townships in Quebec. 


Other Companies Exploring in the Urban-Barry Gold Camp

Neighboring companies in the region are Metanor, Amseco, Beaufield, Eagle Hill,
Glen Eagle, Urbana, Freewest and Key Gold. The Company has an option to earn
100% of the Eastern Extension property from Abitex Resources subject to a 2%
NSR.


ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

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