00:44:23 EDT Sat 24 Aug 2019
Enter Symbol
or Name

Bonterra Resources Inc (3)
Symbol C : BTR
Shares Issued 46,449,086
Close 2019-04-03 C$ 1.93
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Bonterra Res drills 4.6 m of 14.6 g/t Au at Gladiator

2019-04-04 12:08 ET - News Release

Mr. Greg Gibson reports


Bonterra Resources Inc. has released assay results from its continuing diamond drilling program at its Gladiator project located in the Urban Barry exploration camp in Northern Quebec. The results released today extend several of the gold-bearing mineralized zones along strike on the Gladiator deposit.

The Barbeau zone is the southernmost of the mineralized Gladiator structures and is characterized by mineralized smoky quartz veins with pyrite, sphalerite, chalcopyrite and visible gold. Current drilling has extended the zone by 250 metres, confirming its continuity in grade and length with hole BA-19-24, which returned 14.6 grams per tonne gold over 4.6 metres. The Barbeau zone has now been outlined over a strike length of 450 metres to a depth of 200 metres.

The Rivage 2 zone, located north of the Gladiator deposit, consists of subvertical quartz veins mineralized with pyrite, sphalerite and visible gold. Initially discovered by field prospecting in the summer of 2018, the mineralized zone now extends over 350 metres to a depth of 200 metres. Drill hole BA-19-28 returned 37.6 grams per tonne gold over 1.7 metres. The Rivage 2 zone remains open along strike and at depth.

The South zone, located in the heart of the Gladiator deposit, was intersected in drill hole BA-19-26A, which returned 17.7 grams per tonne gold over two metres. Mineralization typically consists of smoky quartz, pyrite, sphalerite and visible gold. Attesting to the company's geological modelling and continuity of the mineralized zones, this drill hole was expected to intersect the South zone prior to reaching the Barbeau zone. Additional results are provided in the attached table.

                            DRILLING HIGHLIGHTS
Hole          From (m)    To (m)    Length (m)    Grade Au (g/t)         Zone  
BA-19-11A       240.4     242.6           2.2               7.8       Barbeau  
BA-19-24        420.9     425.5           4.6              14.6       Barbeau  
BA-19-26A       112.0     114.0           2.0              17.7    South zone
                305.0     306.5           1.5               5.3       Barbeau  
BA-19-28        373.5     375.2           1.7              37.6      Rivage 2 
BA-19-29        314.6     316.1           1.5               5.6       Barbeau   

Greg Gibson, interim chief executive officer, commented: "These drill results continue to demonstrate the potential for strike extensions on the multiple gold-mineralized zones that make up the Gladiator deposit, which we anticipate will translate into additional ounces. This new drilling data on the Gladiator deposit will be included in the upcoming property-wide resource estimate."

Please visit the company's website for an updated plan map and cross-section.

Quality control and reporting protocols

The company uses a rigorous quality assurance/quality control analytical program according to industry standards. The analytical results were done by pyroanalysis (AA) at the mine laboratory. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The company's quality assurance/quality control analytical verification program requires that a minimum of 10 per cent of the samples be audited at an independent laboratory. These audit assays were sent to ALS laboratory located in Val d'Or, Que. The results of the audits are consistent with those obtained.

Qualified person

Pascal Hamelin, PEng, vice-president of operations, is the qualified person under National Instrument 43-101, responsible for reviewing and approving the technical information contained in this news release.

About Bonterra Resources Inc.

The company is currently developing three high-grade gold deposits: Gladiator, Barry and Moroy projects in the mining-friendly jurisdiction of Quebec with significant regional targets in the Urban Barry camp. Bonterra Resources is in the process of upgrading its wholly owned gold mill, the only permitted mill in the Urban Barry camp, to increase capacity from 800 to 2,400 tons per day. A property-wide mineral resource estimate is under way and will include the Gladiator, Barry and Moroy deposits. Bonterra Resources has a strong shareholder base which includes Wexford Capital, Kirkland Lake Gold and Eric Sprott.

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