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Bonterra Resources Inc (2)
Symbol BTR
Shares Issued 161,642,403
Close 2017-06-05 C$ 0.49
Market Cap C$ 79,204,777
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Bonterra Resources drills 3m of 8.8 g/t Au at Gladiator

2017-06-06 06:25 ET - News Release

Mr. Nav Dhaliwal reports

BONTERRA DISCOVERS NEW SOUTH ZONE WEST OF MAIN GLADIATOR GOLD DEPOSIT

Drilling from Bonterra Resources Inc.'s continuing resource development program discovered an additional parallel gold zone to the south and west of the main Gladiator gold deposit. The new zone lies within the Rivage Gap and was intersected by four drill holes to date, with BA-17-12 which intersected three metres of 8.8 grams per tonne, being the most predominant and westerly hole to date.

Quick highlights of recent drill results:

  • The emergence of new south zone, intersected by four holes to date, has been identified over a 500 m strike length to date.
  • Multiple gold zones continue to be intersected in the Rivage Gap area, which confirms the existence of the main and footwall gold zones, and extends the north, mid- and south zones farther to the west.
  • The main and footwall zones extended to the west, connecting them with the Rivage Gap area and confirming a strike length of over one kilometre for each.
  • Continuity of mineralization was demonstrated in multiple horizons between the Gladiator deposit and the Rivage zone.
  • Drilled dimensions of the Gladiator deposit are now outlined to a depth of 850 metres below surface, and a strike length of 1,200 metres (1.2 km).
  • Gladiator remains open in all directions with drilling currently focused on the deep east zone, the Rivage Gap western side and within large gaps or voids with currently little drill information.

Highlights and observations:

  1. Hole BA-17-12 encountered multiple high-grade intersections in the Rivage Gap, and confirms and extends the new South zone to the west, indicating an approximate 500 m strike length to date with the following result: three m grading 8.8 g/t Au (new south zone) at about 275 m below surface.
  2. Hole BA-17-12 also intersected the main zone near surface in the Rivage Gap with: two m grading 11.1 g/t Au (main zone) at about 25 m below surface.
  3. Drilling at the Rivage Gap, a 600 m long stretch of the Gladiator deposit to the west that contains very little drill information to date, is clearly demonstrating continuity in multiple horizons between the Gladiator deposit and the Rivage zone.
  4. Continuity is providing a total drilled strike length to date on at least two horizons (main and footwall) of 1.2 km.


Hole             From          To     Length*       Grade
No.               (m)         (m)         (m)    (g/t Au)

BA-17-06         37.0        38.0         1.0         7.1
                477.0       479.0         2.0         1.4
BA-17-11        424.0       427.6         3.6        12.7
BA-17-12         17.0        19.0         2.0        11.1
                 32.0        34.0         2.0         3.5
                346.7       349.7         3.0         8.8
             
Stated lengths are core width as drilled, true widths 
vary and average between 60 and 80 per cent of drilled 
widths. Core axis angles of the intersection contacts 
and surrounding rock units average 55 to 70 degrees.
  

All intersections from the table are located within a length or gap of drill information between the westernmost Rivage area and the known portion of the Gladiator deposit. The high-grade main, footwall and north zones are in or near the sheared contact between mafic volcanic units and a mineralized felsic porphyritic intrusive.

Bonterra Resources quick facts:

  • Well financed with over $20-million recently raised;
  • Gladiator gold deposit:
    • 100-per-cent-controlled 8,126 hectares in the Urban-Barry camp in Quebec;
    • Resource expansion and development program under way utilizing minimum of four drill rigs with up to 40,000 metres planned;
    • Drilled dimensions of the Gladiator deposit currently outlined to a depth of 800 metres below surface, and a strike length of 1,200 metres (1.2 km);
    • Gladiator remains open in all directions with drilling currently focused on the deep east zone, the Rivage Gap western side, Rivage Gap infill and a potential Coliseum exploration;
    • At least five distinct subparallel zones or mineralized horizons identified to date;
  • Larder Lake gold property:
    • 100-per-cent controlled 2,221 hectares in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016, news release highlighting historical gold resource);
    • Resource development and exploration program under way including upcoming drill program and geological modelling.

Robert Gagnon, PGeo, has approved the information contained in this release. Mr. Gagnon is a director of Bonterra and is a qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.

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