VANCOUVER, Oct. 1, 2018 /CNW/ - Bonterra Resources Inc.
(TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the "Company" or
"Bonterra") is pleased to announce the latest drilling results
from the ongoing resource development program at the Gladiator
Deposit, including and intersections of 37.5 g/t Au over
3.3 m at the South Zone. Step out
drilling continues to reveal new areas of high-grade mineralization
and expand known extents of mineralization. Recent definition
drilling results demonstrate the continuity of mineralization in
multiple zones.
Highlights and Observations:
- BA-18-63 intersected the South Zone with 37.5 g/t Au
over 3.3 m, proving continuity of
the high-grade trend within the zone.
- BA-18-63 also intersected multiple structures at the
Main Zone with 9.1 g/t Au over 1.0
m and 8.9 g/t Au over 1.0
m.
- BA-18-64 intersected the Footwall, Main and South Zones
demonstrating the continuity of gold bearing quartz veins across
multiple zones.
- BA-18-65 intersected the North Zone with 11.9 g/t Au
over 2.0 m and extended the Main
Zone down plunge with 11.3 g/t Au over 1.6 m.
- BA-18-65 also expanded the South Zone, extending the
zone towards surface at 700 m depth
with 9.8 g/t Au over 2.0
m.
- BA-18-67A further defines Main Zone with 8.5 g/t Au
over 2.0 m, proving the
continuity of the zone at 400 m below
surface.
- BA-18-69 extended the Main Zone in the Rivage area with
9.0 g/t Au over 2.0 m. This
intersection expands the zone down plunge and opens up the Rivage
area for further extension at depth.
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.
*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.
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t
Au)
|
Zone/Area
|
BA-18-63
|
484.3
|
485.3
|
1.0
|
9.1
|
Main
|
BA-18-63
|
502.0
|
503.0
|
1.0
|
8.9
|
Main
|
BA-18-63
|
564.7
|
568.0
|
3.3
|
37.5
|
South
|
BA-18-64
|
602.0
|
604.0
|
2.0
|
5.9
|
Main
|
BA-18-64
|
608.0
|
609.0
|
1.0
|
7.6
|
Main
|
BA-18-65
|
460.0
|
462.0
|
2.0
|
11.9
|
North
|
BA-18-65
|
663.9
|
665.5
|
1.6
|
13.3
|
Main
|
BA-18-65
|
847.0
|
849.0
|
2.0
|
9.8
|
South
|
BA-18-67A
|
444.0
|
446.0
|
2.0
|
8.5
|
Main
|
BA-18-69
|
494.0
|
496.0
|
2.0
|
9.0
|
Main
|
Please see
http://bonterraresources.com/projects/gladiator-project/maps-sections/
for updated maps including long sections and cross sections.
Bonterra Resources Quick Facts:
- Control of three advanced high-grade gold deposits (Gladiator,
Moroy, Barry) and significant regional targets
- 100% ownership of the Urban-Barry Mill, the only permitted gold
mill in the region
- Strong shareholder base including: Eric
Sprott and Kirkland Lake
Gold
- New NI 43-101 Mineral Resource Estimate anticipated in 2018 for
the Gladiator and Barry Deposits
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.