VANCOUVER, June 6, 2017 /CNW/ - Bonterra Resources Inc.
(TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or
"Bonterra") is pleased to announce that drilling from its
ongoing resource development program discovered an additional
parallel gold zone to the south and west of the main Gladiator Gold
Deposit. The new zone lies within the "Rivage Gap" and was
intersected by four (4) drill holes to date, with BA-17-12 which
intersected 3.0 m of 8.8 g/t, being the most predominant and
westerly hole to date.
Quick Highlights of Recent Drill Results:
- Emergence of new South Zone, intersected by four holes
to date, and has been identified over a 500 m strike length to
date.
- Multiple gold zones continue to be intersected in the
"Rivage Gap" area, which confirms the existence of the Main and
Footwall Gold Zones, and extends the North, Mid and South zones
further to the west.
- Main and Footwall zones extended to the west, connecting
them with the Rivage Gap area and confirming a strike length of
over 1 km for each.
- Continuity of mineralization demonstrated in multiple
horizons between the Gladiator Deposit and the Rivage Zone.
- Drilled dimensions of the Gladiator Deposit now outlined to a
depth of 850 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, and within large gaps or voids with currently little drill
information.
Highlights and Observations:
- Hole BA-17-12 encountered multiple high grade
intersections in the "Rivage Gap", and confirms and extends the
new South Zone to the west, indicating an ~500 m strike length to
date with the following result:
-
- 3.0 m grading 8.8 g/t Au (new South Zone) at ~275 m
below surface.
- Hole BA-17-12 also intersected the main zone near surface in
the "Rivage Gap" with:
-
- 2.0 m grading 11.1 g/t Au (Main Zone) at ~25 m below
surface.
- Drilling at the "Rivage Gap", a 600 m long stretch of the
Gladiator Deposit to the west that contains very little drill
information to date, is clearly demonstrating continuity in
multiple horizons between the Gladiator Deposit and the Rivage
Zone.
- Continuity is providing a total drilled strike length to date
on at least two horizons (Main and Footwall) of 1.2 km.
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t
Au)
|
Zone/Area
West – Rivage
Gap
|
BA-17-06
|
37.0
|
38.0
|
1.0
|
7.1
|
Footwall
|
477.0
|
479.0
|
2.0
|
1.4
|
Main
|
BA-17-11
|
424.0
|
427.6
|
3.6
|
12.7
|
Main
|
BA-17-12
|
17.0
|
19.0
|
2.0
|
11.1
|
Main
|
32.0
|
34.0
|
2.0
|
3.5
|
Mid
|
346.7
|
349.7
|
3.0
|
8.8
|
New South
|
•
|
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.
|
All intersections from the above table are located within a
length or gap of drill information between the westernmost Rivage
area and the known portion of the Gladiator Deposit. The high grade
Main, Footwall and North Zones are in or near the sheared contact
between mafic volcanic units and a mineralized felsic porphyritic
intrusive.
Please see
http://www.bonterraresources.com/en/gladiator/maps-sections for
updated long section and cross section.
Bonterra Resources Quick Facts:
- Well financed with over $20m
recently raised.
- Gladiator Gold Deposit:
-
- 100% controlled 8,126-hectare in the Urban-Barry Camp in
Québec
- 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 are 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:
-
- 00% 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.
Robert Gagnon, P.Geo. has
approved the information contained in this release. Mr.
Gagnon is a director of 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.