VANCOUVER, Nov. 9, 2017 /CNW/ - Bonterra Resources Inc.
(TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or
"Bonterra") is pleased to announce that the ongoing Resource
Development Program in and around the Gladiator Gold Deposit has
successfully increased the width of the Main Zone and extended
the strike length of multiple gold-bearing horizons. The
results from the current drilling campaign continue to expand the
size and further confirm the continuity of the Gladiator Gold
Deposit. Noting the aggressive drill program at Gladiator, assays
from multiple drill holes are pending in lab, and the Company
anticipates additional drill results in the near future.
Highlights and Observations:
- Results from six (6) recent drill holes have increased the
width of the Main Zone and have extended the strike length of the
Footwall and North Zones.
- Hole BA-17-38 extends the North Zone down plunge to 700
m below surface with 4.0 m of 7.3 g/t Au including 24.8
g/t over 1.0 m.
- Hole BA-17-38 increases width and grade down plunge in
the Main Zone with 9.4 m of 8.2 g/t Au at 800 m depth.
- Hole BA-17-37 confirms the eastern continuity of the
South Zone with 1.5 m of 17.6 g/t Au at 500 m depth.
- Hole BA-17-39B extends the Footwall Zone to the east
below surface with 5.0 m of 11.5 g/t Au at 500 m below
surface.
- To date, continuity of mineralization is now confirmed over
a total drilled strike length on at least two horizons (Main and
Footwall) of 1,200 m, as well as a drilled depth of 1,200
m.
Please see
http://www.bonterraresources.com/en/gladiator/maps-sections for
updated maps including long sections and cross sections.
![Bonterra Further Increases the Width and Strike Length of the Gladiator Gold Deposit; 9.4 m of 8.2 g/t Au Intersected in the Main Zone (CNW Group/BonTerra Resources Inc.) Bonterra Further Increases the Width and Strike Length of the Gladiator Gold Deposit; 9.4 m of 8.2 g/t Au Intersected in the Main Zone (CNW Group/BonTerra Resources Inc.)](https://mma.prnewswire.com/media/600577/BonTerra_Resources_Inc__Bonterra_Further_Increases_the_Width_and.jpg)
Nav Dhaliwal, CEO and
President, stated, "We continue to establish the Gladiator
Gold Deposit as a very large gold system, with multiple parallel
gold horizons that continue to be expanded along strike and also
appear to show signs of increased width, as shown in hole BA-17-38,
where 8.2 g/t Au over 9.4 m was intersected. Since 2011,
approximately 88,500 m of drilling has been completed at the
Gladiator Gold Deposit, which includes over 40,000 m so far in
2017. As we approach our winter drill program, we are looking to
expand up to six drill rigs to ensure we continue our expansive
resource development program. Because of our continued drilling
success over the last two years at Gladiator, we have a high level
of confidence that in 2018, we will be in a position to
significantly upgrade the size of the geological model and complete
a sizable mineral resource update."
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t
Au)
|
Zone/Area
|
BA-17-33
|
791.0
|
792.0
|
1.0
|
13.9
|
Main Zone
|
BA-17-35
|
1,272.0
|
1,273.0
|
1.0
|
6.4
|
North Zone
|
BA-17-36
|
551.0
|
553.0
|
2.0
|
14.0
|
Footwall
Zone
|
|
658.0
|
660.0
|
2.0
|
11.2
|
South Zone
|
BA-17-37
|
644.5
|
646.0
|
1.5
|
17.6
|
South Zone
|
BA-17-38
|
706.0
|
710.0
|
4.0
|
7.3
|
North Zone
|
|
862.6
|
872.0
|
9.4
|
8.2
|
Main
Zone
|
BA-17-39B
|
639.0
|
641.0
|
2.0
|
10.4
|
Main Zone
|
|
474.0
|
479.0
|
5.0
|
11.5
|
Footwall
Zone
|
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.
|
Bonterra Resources Quick Facts:
- Well financed with $40 million
raised in 2017.
- Gladiator Gold Deposit:
-
- Deposit extension and resource expansion underway utilizing
minimum of four drill rigs with 50,000 m planned in 2017;
- Drilled dimensions of the Gladiator Deposit are currently
outlined to a depth of 1,200 m below surface, and a strike length
of 1,200 m;
- Gladiator remains open in all directions with drilling
currently focused on the Rivage Gap western side, new north and
south veins infill and exploration in and around the Coliseum Gold
Zone;
- At least five distinct subparallel zones or mineralized
horizons have been identified.
- 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);
- Excellent access to three high grade gold deposits between
Kirkland Lake and Virginiatown.
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.
![Bonterra Resources Inc. BTR:TSX-V (CNW Group/BonTerra Resources Inc.) Bonterra Resources Inc. BTR:TSX-V (CNW Group/BonTerra Resources Inc.)](https://mma.prnewswire.com/media/600578/BonTerra_Resources_Inc__Bonterra_Further_Increases_the_Width_and.jpg)
SOURCE BonTerra Resources Inc.