VANCOUVER, March 21, 2017 /CNW/ - BonTerra Resources Inc.
(TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or
"BonTerra") is pleased to announce that recent drilling in
the 2017 Resource Development Program at the Gladitaor Gold Deposit
has identified additional high grade gold zones near surface on the
west side "Rivage Gap" extension. Drill hole BA-17-05
intersected five (5) distinct gold zones including 2 new zones, and
a notable western extension of the FW Zone which intersected 6.0
meters grading 41.0 g/t Au at a depth of approximately 60 meters
below surface.
Highlights and Observations:
- Hole BA-17-05 encountered multiple high-grade
intersections in the "Rivage Gap", continuing to demonstrate
continuity of the Gladiator Deposit to the west and joining with
the Rivage Zone.
- The hole hit two new horizons near surface as well as the FW,
Intrusive and Main horizons. The two new zones were outlined
between 20 m and 50 m below surface, specifically:
- 12.0 m grading 1.1 g/t Au in a mineralized felsic
porphyritic intrusive host.
- 5.0 m grading 23.6 g/t Au in a shear hosted vein with
visible gold.
- The FW Zone produced a very high grade intersection of:
- 6.0 m grading 41.0 g/t Au including 1.6 m grading
147.9 g/t.
- 2017 drill holes BA-17-02, BA-17-03 and BA-17-04 are awaiting
further assay results; BA-17-03 will be deepened further noting the
hole ended in a mineralized felsic intrusive.
- Three (3) drill rigs are currently operating with a fourth
drill rig currently being considered for the on-trend Coliseum Gold
Property. Follow up drilling is planned to test anomalies and
targets recently generated by recent ground geophysical and
geochemical till sampling programs.
- Assays from the final three holes from 2016 drilling have been
received and are also included in the table below.
- The drilled dimensions of the Gladiator Deposit is currently
outlined to a depth of 800 meters below surface, and a strike
length of 1,200 meters (1.2 km). Gladiator remains open in all
directions with drilling currently focused on the Deep East Zone,
the Rivage Gap western side, Rivage Gap infill and a potential
Coliseum exploration. At least five distinct subparallel zones or
mineralized horizons have been identified to date.
Nav Dhaliwal, CEO and
President of BonTerra, commented,"Our technical team
continues to intersect significant drill results and in addition
has uncovered new zones in and around the Gladiator Gold Deposit.
We are focused on completing our resource development program in
2017, and delivering an updated geological model that will
substantially increase the contained ounces at the Gladiator Gold
Deposit."
Dale Ginn, Vice-President
Exploration of BonTerra, stated: "The Rivage Gap is not only
adding strike length to our known zones, but it is also yielding
new gold horizons close to surface. The presence of multiple
continuous (especially) high grade zones is significant and a
potential positive contributor to delivering a better than average
gold ounces per vertical meter number that mine developers and
producers are wanting to see."
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t
Au)
|
Zone/Area
|
|
|
|
|
|
West – Rivage
Gap
|
BA-17-05
|
19.0
|
31.0
|
12.0
|
1.1
|
New
|
|
45.0
|
50.0
|
5.0
|
23.6
|
New
|
|
72.0
|
78.0
|
6.0
|
41.0
|
FW
|
including
|
73.4
|
75.0
|
1.6
|
147.9
|
|
|
152.0
|
153.0
|
1.0
|
36.6
|
Intr
|
|
527.0
|
533.8
|
6.8
|
2.2
|
Main
|
|
|
|
|
|
East
Side
|
BA-16-41
|
786.5
|
788.0
|
1.5
|
5.5
|
FW
|
|
831.0
|
834.0
|
3.0
|
2.3
|
Intr
|
|
944.6
|
947.0
|
2.4
|
6.8
|
Main
|
BA-16-43
|
726.0
|
739.3
|
13.3
|
1.0
|
Intr
|
|
816.0
|
819.0
|
3.0
|
2.0
|
Main
|
BA-16-49
|
855.0
|
858.0
|
3.0
|
4.8
|
Main
|
- *Stated lengths are core width as drilled, true widths have
not yet been determined. Core axis angles of the intersection
contacts and surrounding rock units average 55 degrees.
Please visit www.bonterraresources.com for updated long section
and cross section.
BonTerra Resources Quick Facts:
- Well Financed with close to $15M
in its treasury and no debt.
- Gladiator Gold Deposit:
- 100% controlled 8,126-hectare in the Urban-Barry Camp in
Quebec
- Resource Expansion and Development Program underway utilizing
minimum of four drill rigs with up to 40,000 meters planned;
- Drilled dimensions of the Gladiator Deposit is currently
outlined to a depth of 800 meters below surface, and a strike
length of 1,200 meters (1.2 km).
- Gladiator remains open in all directions with drilling
currently focused on the Deep East Zone, the Rivage Gap western
side, Rivage Gap infill and a potential Coliseum exploration.
- At least five distinct subparallel zones or mineralized
horizons have been identified to date.
- Larder Lake Gold Property:
- 100% controlled 2,221-hectare in the Cadillac-Larder Break camp
in Ontario (refer to March 17, 2016 news release highlighting
historical gold resource).
- Resource Development and Exploration Program underway including
upcoming drill program and geological modelling.
Dale Ginn, P.Geo. has approved
the information contained in this release. Mr. Ginn is a
Director and Vice-President Exploration for 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 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.
SOURCE BonTerra Resources Inc.