BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the
"Company", "BonTerra") has received assays for three (3) drill
holes from the 2011 drill program on its Eastern Extension property
(the "Property").
The highlight of these drill holes is BA-11-32. This drill hole
demonstrated persistent gold mineralization present in a series of
mineralized quartz veins. Two of the mineralized veins host visible
gold.
Notable in hole BA-11-32 is the presence of three distinct high
grade veins. The best samples for these three vein systems range
from 11.25 grams/tonne ("g/t") gold in the upper most vein, 15.25
g/t in the middle vein and 44.80 g/t gold in the deepest vein. The
sample with the highest gold grade is in the deepest of these three
veins. BonTerra is now awaiting the final lab samples from the 2011
drill campaign and is aggressively working on a new NI 43-101
inferred resource calculation.
The Company is currently awaiting a budget for the upcoming 2012
winter drill program which will benefit the Company to drill
perpendicularly into the large magnetic high under Lac Barry, the
Peninsula Zone discovered by BA-11-06. To date the Company has
drilled four holes from the shore to hit this area. Drilling on the
ice will enable BonTerra to both drill shorter holes as well as to
determine the true widths of the veins which combine to form the
Peninsula Zone.
Significant gold assays are outlined in table 1. Table 2
outlines the collar details of the three (3) drill holes disclosed
in this news release.
Table 1: Significant assays for BA-11-32, BA-11-33 and
BA-11-34
------------------------------------------------------------------
DDH From To Length Gold Grade
Number (metres) (metres) (metres) (grams/tonne)
------------------------------------------------------------------
BA-11-32 151.50 152.50 1.00 3.36
------------------------------------------------------------------
BA-11-32 165.00 167.00 2.00 6.89
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Including 166.00 167.00 1.00 11.55
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BA-11-32 202.70 209.00 6.30 0.98
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BA-11-32 270.00 272.00 2.00 4.29
------------------------------------------------------------------
Including 270.00 271.00 1.00 7.66
------------------------------------------------------------------
BA-11-32 317.00 323.00 6.00 1.53
------------------------------------------------------------------
BA-11-32 386.00 387.00 1.00 1.07
------------------------------------------------------------------
BA-11-32 478.00 485.00 7.00 3.57
------------------------------------------------------------------
Including 480.00 484.00 4.00 5.96
------------------------------------------------------------------
Including 480.00 481.00 1.00 15.25
------------------------------------------------------------------
BA-11-32 523.00 530.00 7.00 6.67
------------------------------------------------------------------
Including 523.00 524.00 1.00 44.80
------------------------------------------------------------------
BA-11-33 345.00 348.00 3.00 2.49
------------------------------------------------------------------
Including 347.00 348.00 1.00 4.51
------------------------------------------------------------------
BA-11-34 21.00 22.00 1.00 2.18
------------------------------------------------------------------
BA-11-34 259.00 260.00 1.00 1.56
------------------------------------------------------------------
Mitchell Adam, President states, "We invite shareholders and all
interested to visit us in the core shack and view some of our core
bearing high grade gold at the Quebec City Exploration Conference
November 21-24."
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, sericite and epidote. 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., a Director of BonTerra.
Mr. Clarke is a Qualified Person under NI 43-101.
These are sample results, taken from mineralized intervals of
the drill holes. Depths and lengths are core lengths and not true
widths. Gold intercepts disclosed in this news release are
significant gold intercepts and not all the samples submitted for
fire assay. Samples were submitted to ALS Laboratories ("ALS") of
Val d'Or, Quebec and AGAT Laboratories ("AGAT") in Sudbury, Ontario
for crushing, pulverizing and fire-assay for gold. Samples
fire-assaying greater than 10 grams per tonne gold are then
fire-assayed with a gravimetric finish to establish the gold grade.
Assay samples are taken from drill core, sawed in half along the
core axis. One half is sent to ALS and AGAT and the other half
retained by the Company for future reference. The Company applies a
full quality assurance and quality control program (QAQC) system
for every batch of samples submitted to the lab (gold standard,
sample duplicate and blank).
Description of the Drill Targets
BA-11-32 was drilled along the section of BA-10-02 in order to
validate gold mineralization at approximately 525 metres in
vertical depth. BA-11-33 was drilled on section BA-11-10 to
validate gold mineralization at a vertical depth of 360 metres.
BA-11-34 was drilled on the far eastern section (BA-11-27) to
validate gold mineralization at 420 metres vertical depth. This
azimuth of this drill hole deviated which led BonTerra to abandon
this hole and drill a second hole next to it, BA-11-34A.
Table 2: Collar Details for BA-11-32, BA-11-33 and BA-11-34
----------------------------------------------------------------------
Total
DDH East North Elevation Depth Azimuth Dip
ID UTM NAD83 UTM NAD83 (metres) (metres) (degrees) (degrees)
----------------------------------------------------------------------
BA-11-32 456152 5428164 390.00 542.88 155.00 -65
----------------------------------------------------------------------
BA-11-33 456240 5428219 390.00 468.09 155.00 -60
----------------------------------------------------------------------
BA-11-34 456257 5428295 390.00 294.69 145.00 -65
----------------------------------------------------------------------
About BonTerra Resources
BonTerra is a Canadian gold exploration company focused on
continuing to expand the drill defined gold zones on its Eastern
Extension property, part of the world famous Abitibi Greenstone
Belt in mining friendly Quebec. BonTerra has a total of three gold
properties in the Urban-Barry belt, the Eastern Extension, Lavoie
and Urban-Barry properties which 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.
BonTerra has an option to earn 100% of the Eastern Extension
property from Abitex Resources subject to a 2% NSR.
Neighbouring Companies in the Urban-Barry Gold Camp
Metanor Resources' Barry Mine Property (NI 43-101 Compliant Resource)
7,701,000 metric tonnes @ 1.29 g/t totaling 309,500 ounces gold indicated
10,411,000 metric tonnes @ 1.65 g/t totaling 471,950 ounces of gold inferred
Eagle Hill Resources' Windfall Lake Property (NI 43-101 Compliant Resource)
1,144,000 metric tonnes @ 9.10 g/t totaling 344,000 ounces gold indicated
1,690,000 metric tonnes @ 6.70 g/t totaling 364,000 ounces gold inferred
Other companies in the region near BonTerra Resources are Amseco
Resources, Beaufield Resources, Glen Eagle Resources, Urbana
Resources, Freewest Resources and Key Gold.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Mitchell Adam
President, Director
This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include without
limitation statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future
performance of the Company, such as the statement that the Company:
(i) is now considering deepening several drill holes in the future
to trace the deepest high grade vein to the east and west; and (ii)
is focused on continuing to expand the drill defined gold zones on
its Eastern Extension property. There are numerous risks and
uncertainties that could cause actual results and the Company's
plans and objectives to differ materially from those expressed in
the forward-looking information, including: (i) adverse market
conditions; (ii) delays with respect to drill results or
preparation of a resource calculation; and (iii) general
uncertainties with respect to mineral exploration in general.
Actual results and future events could differ materially from those
anticipated in such information. These and all subsequent written
and oral forward-looking information are based on estimates and
opinions of management on the dates they are made and are expressly
qualified in their entirety by this notice. Except as required by
law, the Company does not intend to update these 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.
Contacts: BonTerra Resources Inc. (604) 678-5308 Toll Free:
1-855-678-5308 (604) 678-5309
(FAX)info@bonterraresources.comwww.bonterraresources.com
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