VANCOUVER, July 17, 2018 /CNW/ - Bonterra Resources
Inc. (TSXV: BTR) (US: BONXF) (FSE: 9BR1) (the "Company" or
"Bonterra") is pleased to announce the latest drilling results
from the ongoing Resource Development Program at the Gladiator Gold
Deposit, including an intersection of 15.3 g/t Au over
2.7 m, extending the Footwall
Zone down-plunge to the east. Recent drilling results extended
mineralization along multiple zones and continues to demonstrate
the continuity of the high-grade gold mineralization at depth and
along strike at the Gladiator Deposit.
Highlights and Observations:
- Infill and extension drill results continue to
demonstrate the continuity of the deposit, highlighting the
predictability of the mineralized zones.
- Hole BA-18-54 intersected the Footwall Zone with 15.3 g/t Au
over 2.7 m approximately 500 m below surface. This intersection increases
the Footwall Zone considerably in both size and grade, expanding
the potential down plunge.
- This intersection increases the Footwall Zone considerably in
both size and grade, expanding the potential down plunge.
- Step out hole BA-18-44 intersected the Footwall Zone
with 9.1 g/t Au over 2.0 m,
expanding mineralization westwards in the Rivage area, and opens
the zone to depth on westside of the deposit.
- Hole BA-18-49A intersected the North Zone in the Rivage
area with 12.2 g/t Au over 1.5 m, extending the depth, and
opened up new high-grade mineralization down plunge to 300 m below surface.
- Hole BA-18-50 intersected the South Zone at 300 m below surface, proving the predictability
of the geological model and adding definition to the high-grade
chute recently defined at the east side of the deposit.
- BA-18-48 intersected the North Zone and expanded the
high-grade chute up plunge towards surface in the east side of the
deposit with 12.6 g/t Au over 1.3
m.
- 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 over 1,000
m.
Positive results from step out drilling in both the Rivage and
eastern areas of the deposit continue to indicate the potential for
further expansion of the Gladiator Deposit along defined high-grade
chutes and highlights the predictability of the geological model.
Infill drilling at the Gladiator Deposit also validates the model
and demonstrates the continuity of the mineralization. The resource
development program continues with five drills at the deposit
focused on infill and step-out drilling in preparation for the
updated mineral resource estimate in Q4 2018.
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t
Au)
|
Zone/Area
|
BA-18-44
|
355.0
|
357.0
|
2.0
|
9.1
|
Footwall
Zone
|
BA-18-45
|
406.0
|
407.3
|
1.3
|
4.9
|
Footwall
Zone
|
|
585.0
|
586.0
|
1.0
|
7.9
|
Main Zone
|
BA-18-47
|
285.0
|
286.0
|
1.0
|
8.4
|
North Zone
|
|
469.0
|
470.0
|
1.0
|
7.1
|
Main Zone
|
BA-18-48
|
458.5
|
459.8
|
1.3
|
12.6
|
North Zone
|
BA-18-49A
|
464.5
|
466.0
|
1.5
|
12.2
|
North Zone
|
BA-18-50
|
544.0
|
547.0
|
3.0
|
8.4
|
South Zone
|
BA-18-54
|
743.0
|
744.0
|
1.0
|
12.6
|
North Zone
|
|
781.0
|
783.7
|
2.7
|
15.3
|
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.
|
Please see
http://bonterraresources.com/projects/gladiator-project/maps-sections/
for updated maps including long sections and cross sections.
Bonterra Resources Quick Facts:
- Well financed with approximately $65
million raised since 2017.
- Strong Shareholder Base including: Eric Sprott, Van
Eck, Kirkland Lake Gold
- 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 the Q4 2018.
- Drilled dimensions of the Gladiator Gold Deposit are currently
outlined to a depth of over 1,000 m
below surface and a strike length of 1,300
m.
- Gladiator remains open in all directions, where at least six
distinct sub-parallel zones or mineralized horizons have been
identified.
- Drilling is currently focused on the continued expansion of
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.
View original content with
multimedia:http://www.prnewswire.com/news-releases/bonterra-continues-to-expand-the-gladiator-gold-deposit-and-intersects-15-3-gt-gold-over-2-7-m-300681904.html
SOURCE Bonterra Resources Inc.