VANCOUVER, Feb. 6, 2018 /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 at the Gladiator Gold Deposit has extended the
North, Footwall and Main Zones by 200
m down plunge to the east. High-grade intersections
identified in step-out drilling east of the known mineralization
demonstrates the potential for further expansion of the Gladiator
Deposit, which remains open in all directions.
Bonterra continues to advance the development of the Gladiator
Gold Deposit through definition drilling across all mineralized
horizons. Follow up on previous step-out drilling has led to
significant results at multiple zones, including 26.7 g/t Au
over 3.1 m at the North Zone and
15.8 g/t Au over 3.3 m at the
Main Zone.
Dale Ginn, VP Exploration,
stated, "Bonterra once again delivers strong results from
its resource development program at the Gladiator Gold Deposit. To
that effect, we currently have four drills at the deposit to
continue with step-out and definition drilling. Recent drill
results highlight both the predictability of the mineralized zones
and the potential for further expansion of high grade ore shoots at
depth. The current step-out drilling demonstrates the potential to
expand the Gladiator Deposit, which remains open in all
directions."
Highlights and Observations:
- Hole BA-17-53B extends the
North, Footwall and Main Zones by 200
m down-plunge to the east with 6.2 g/t Au over
1.9 m, 4.8 g/t Au over 3.5 m and 4.9 g/t Au over 1.8 m.
- Hole BA-17-45B intersected
the Main and South Zones 650 m below
surface with 15.8 g/t Au over 3.3
m adding further definition to the high-grade core of
the Main Zone.
- Hole BA-17-46 intersected the North Zone with 26.7
g/t Au over 3.1 m and the Main
Zone with 8.8 g/t Au over 3 m,
demonstrating the continuity of these zones.
- Results from six recent drill holes expand the size and
demonstrate the continuity of the North, Footwall, Main and South
Zones.
- To date, continuity of mineralization is now confirmed over a
total drilled strike length on at least four horizons (North,
Footwall, Main and South) of 1,200 m,
as well as a drilled depth of 1,000
m.
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t
Au)
|
Zone/Area
|
BA-17-45B
|
783.0
|
786.3
|
3.3
|
15.8
|
Main Zone
|
|
909.0
|
912.0
|
3.0
|
4.3
|
South Zone
|
BA-17-46
|
425.8
|
428.5
|
2.7
|
12.4
|
North Zone
|
|
450.9
|
454.0
|
3.1
|
26.7
|
North Zone
|
|
660.5
|
663.5
|
3.0
|
8.8
|
Main Zone
|
BA-17-48
|
250.7
|
257.0
|
6.3
|
10.1
|
Footwall
Zone
|
|
266.9
|
268.9
|
2.0
|
4.6
|
Main Zone
|
BA-17-49B
|
602.0
|
604.0
|
2.0
|
4.9
|
Main
|
|
765.0
|
767.0
|
2.0
|
4.7
|
South
|
BA-17-50
|
501.6
|
503.0
|
1.4
|
6.6
|
Main Zone
|
BA-17-53B
|
651.0
|
652.9
|
1.9
|
6.2
|
North Zone
|
|
884.5
|
888.0
|
3.5
|
4.8
|
Footwall
Zone
|
|
930.2
|
932.0
|
1.8
|
4.9
|
Main 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.
|
Please see
http://www.bonterraresources.com/en/gladiator/maps-sections for
updated maps, including long sections and cross sections.
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
10,541hectare Urban-Barry property.
- Larder Lake Gold Property:
-
- 100% controlled 2,221hectare 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.