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Bonterra Resources Inc (2)
Symbol BTR
Shares Issued 228,095,579
Close 2018-06-12 C$ 0.425
Market Cap C$ 96,940,621
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Bonterra Resources drills three m of 44.9 g/t Au

2018-06-13 06:15 ET - News Release

Mr. Nav Dhaliwal reports

BONTERRA INTERSECTS 44.9 G/T OVER 3.0 M AND EXTENDS MINERALIZATION IN MULTIPLE ZONES AT THE GLADIATOR GOLD DEPOSIT

Bonterra Resources Inc. has released the latest drilling results from the continuing resource development program at the Gladiator gold deposit. The drill results included an intersection of 44.9 grams per tonne gold over 3.0 metres, which extended a high-grade ore shoot of the Footwall zone up-plunge to the west in the Rivage Gap area.

Highlights and observations:

  • Infill drill results continue to demonstrate the continuity of the deposit, highlighting the predictability of the mineralized zones.
  • Hole BA-18-34 intersected the Footwall zone with 44.9 g/t Au over 3.0 m, extending a high-grade ore shoot to the west, up-plunge in the Rivage Gap area.
  • Hole BA-18-36 extended the North zone by about 150 m to the east, down-plunge of a defined ore shoot with 8.4 g/t Au over 3.0 m.
  • Infill holes BA-18-27A, BA-18-30 and BA-18-31 intersected the Main zone between 300 to 500 m below surface, demonstrating the continuity of mineralization with 24.3 g/t Au over 5.0 m in BA-18-30 and 9.6 g/t Au over 3.5 m in BA-18-31.
  • Hole BA-18-28 intersected the North zone in the Rivage area, extending the zone down-plunge in the western part of the deposit, with 5.3 g/t Au over 1.3 m.
  • Holes BA-18-27A and BA-18-30 intersected the North zone adding definition between 300 to 400 m depth with 7.2 g/t Au over 2.0 m in BA-18-27A.
  • 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.

"The resource development program continues to be extremely successful in terms of the extension of mineralized zones and in terms of demonstrating high grades throughout. Most significantly however is how well we have shown continuity down dip and along strike for all five of the primary zones to date. The high grades encountered on the west side of the deposit and the down-plunge of the east side announced today are of obvious significance to the deposit as a whole," commented Nav Dhaliwal, president and chief executive officer of Bonterra.

Results from the winter drilling campaign at the Gladiator gold deposit successfully extended the deposit both west and east. The drilling program opened multiple zones for further expansion from surface to depth. Recent drilling in the west side of the deposit extended the North zone and now totals a strike length of approximately 1,300 m.

Bonterra continues with the aggressive resource development program with five drills at the deposit focused on infill and stepout drilling in preparation for the updated mineral resource estimate in the second half of 2018.

                                     HIGHLIGHTS

Hole                 From (m)            To (m)       Length* (m)    Grade (g/t Au)

BA-18-27A              406.0             408.0               2.0               7.2
                       614.0             617.0               3.0               4.6
BA-18-28               355.7             357.0               1.3               5.3
BA-18-30               441.5             442.6               1.1               5.3
                       708.0             713.0               5.0              24.3
BA-18-31               677.0             680.5               3.5               9.6
BA-18-34               337.0             340.0               3.0              44.9
BA-18-35               467.8             469.0               1.2               4.3
BA-18-36               510.0             513.0               3.0               8.4
  
* 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.

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.

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