VANCOUVER, Sept. 14, 2018 /CNW/ - Bonterra Resources
Inc. (TSX-V: 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 29.6 g/t Au over
3.0 m at the South Zone. This
indicates the presence of a new high-grade chute and is open at
depth. Recent infill drilling results demonstrate the continuity of
mineralization and increase the thickness of all defined zones.
Step out drilling revealed new areas of high-grade mineralization
and has expanded the known extents of mineralization along multiple
zones.
Highlights and Observations:
- Infill and extension drill results continue to validate the
Gladiator model.
- BA-18-53A intersected multiple high-grade gold zones
including 29.6 g/t Au over 3.0
m at the South Zone, indicating the presence of a new
high-grade chute, expanding the known extents of mineralization and
opening the South Zone at depth.
- BA-18-53A intersected multiple structures in the North
Zone with 6.5 g/t Au over 2.0 m and 4.0 g/t Au
over 3.0 m.
- BA-18-53A also intersected with Footwall Zone with
4.5 g/t Au over 3.0 m, increasing the thickness of
the zone at 600 m below surface.
- BA-18-54 further defines the North Zone with 9.4 g/t
Au over 3.0 m. This intersection
increases the grade and indicates the continuity of the North Zone
in the eastern part of the deposit.
- BA-18-58 intersected the South Zone at 600 m below surface with 12.3 g/t Au over
1.5 m, connecting the
mineralization at the Rivage area to a high-grade chute at
depth.
- BA-18-58 intersected the Main Zone, expanding the
extents of known mineralization up-plunge with 4.1 g/t Au over
1.5 m.
- BA-18-62 intersected the Main Zone, increasing the size
of the high-grade chute 400 m below
surface with 17.7 g/t Au over 2.0
m.
- BA-18-62 intersected two structures in the South Zone
with 9.8 g/t Au over 2.0 m and
5.8 g/t Au over 2.0 m, proving
continuity.
- 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 1,300 m,
as well as a drilled depth of over 1,000
m.
The ongoing resource development program continues to expand and
define the Gladiator Gold Deposit ahead of the updated mineral
resource estimate scheduled for Q4 2018. Drilling to be included in
the upcoming mineral resource estimate has now been completed.
Drilling continues with three drills at the deposit focused on
extension drilling along strike to the northeast and southwest.
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t
Au)
|
Zone/Area
|
BA-18-53A
|
605.0
|
607.0
|
2.0
|
6.5
|
North
|
BA-18-53A
|
614.0
|
617.0
|
3.0
|
4.0
|
North
|
BA-18-53A
|
684.0
|
687.0
|
3.0
|
4.5
|
Footwall
|
BA-18-53A
|
988.0
|
991.0
|
3.0
|
29.6
|
South
|
BA-18-54
|
564.0
|
567.0
|
3.0
|
9.4
|
North
|
BA-18-56
|
466.0
|
468.0
|
2.0
|
6.0
|
South
|
BA-18-57A
|
607.0
|
608.0
|
1.0
|
9.5
|
Main
|
BA-18-58
|
741.0
|
742.5
|
1.5
|
4.1
|
Main
|
BA-18-58
|
882.0
|
883.5
|
1.5
|
12.3
|
South
|
BA-18-61B
|
443.6
|
444.8
|
1.2
|
4.3
|
Main
|
BA-18-61B
|
504.0
|
505.1
|
1.1
|
5.6
|
South
|
BA-18-61B
|
722.0
|
724.0
|
2.0
|
6.9
|
Barbeau
|
BA-18-62
|
540.5
|
542.5
|
2.0
|
17.7
|
Main
|
BA-18-62
|
585.0
|
586.0
|
2.0
|
5.8
|
South
|
BA-18-62
|
594.0
|
596.0
|
2.0
|
9.8
|
South
|
BA-18-62
|
614.3
|
615.0
|
0.7
|
8.8
|
Barbeau
|
BA-18-62
|
619.2
|
622.5
|
3.3
|
5.5
|
Barbeau
|
*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 labor
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.
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SOURCE Bonterra Resources Inc.