VANCOUVER, Jan. 18,
2018 /CNW/ - Bonterra Resources Inc. (TSX-V: BTR,
US: BONXF, FSE: 9BR1) (the "Company" or "Bonterra") is pleased
to announce that the Association for Mineral Exploration
("AME") has invited the Company to showcase its 2017 drill
core from its Gladiator Gold Deposit, located north of Val d'Or, Québec.
Nav Dhaliwal,
President and CEO of Bonterra, stated, "We are pleased to
have been selected to showcase our 2017 drill core from our
Gladiator Gold Deposit at the upcoming AME Mineral Exploration
Roundup. With over 60,000 meters drilled during 2017, our technical
team executed a focused drill program not only delivering excellent
drill results but also expanding the gold system to five
mineralized gold zones. Our team will also be exhibiting at the
Vancouver Resource Investment Conference."
2018 AME Mineral Exploration Roundup
("Roundup"):
The 35th Annual Mineral Exploration
Roundup Conference is located at the West Building at the
Vancouver Convention Centre from
January 22 - 25, 2018. Please visit
http://roundup.amebc.ca for information regarding this world-class
event. Look for us in the Core Shack at Booth #724 where we will
have core on display from our Gladiator Gold Deposit on
Monday, January 22 and Tuesday, January 23, from 9 am to 4 pm.
2018 Vancouver Resource Investment Conference
("VRIC"):
The VRIC is located at the Vancouver Convention Centre West from
January 21 - 22, 2018. Please visit
www.cambidgehouse.com for information regarding this first-class
investment conference and visit us in Booth #408, where Bonterra
will have its management team available to chat to all
shareholders, media and members of the investment community.
Bonterra Resources Quick Facts:·
- Well financed with $40 million
raised in 2017.
- Strong Shareholder Base: Eric
Sprott (10%), Van Eck Gold Fund (12%), Kirkland Lake Gold (9.5%).
- Gladiator Gold Deposit:
-
- Deposit extension and resource expansion underway with
60,000 m completed in 2017 and
70,000 m planned for 2018.
- Advancing to the completion of an updated NI 43-101 Mineral
Resource Estimate in second half of 2018, which is anticipated to
include up to an additional 100,000 m
of drilling from 2012 through 2018.
- 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, where at least five
distinct subparallel zones or mineralized horizons have been
identified.
- Drilling currently focused the extension and definition of the
Gladiator Gold Deposit and exploration targets within the
10,541-hectare Urban-Barry property.
- 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.
SOURCE Bonterra Resources Inc.