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Bonterra Resources Inc (3)
Symbol BTR
Shares Issued 43,131,385
Close 2019-02-13 C$ 1.98
Market Cap C$ 85,400,142
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Bonterra drills two m of 40.2 g/t Au at Gladiator

2019-02-14 08:25 ET - News Release

Mr. Greg Gibson reports

BONTERRA INTERSECTS 40.2 G/T AU OVER 2 METRES AT GLADIATOR

Bonterra Resources Inc.'s continuing exploration drill program continues to return positive results, extending gold-bearing mineralized zones on the Gladiator deposit. The objective of the current drill program is to explore potential extensions on the Gladiator deposit with three active drill rigs.

Today's positive results, which include 40.2 grams per tonne gold over two m in hole BA-19-09 and 20.7 g/t over 1.5 m in hole BA-19-07, confirm the extension of the North and Rivage zones in a west-southwesterly direction by an additional 100 m, with mineralization encountered within 150 m of surface. These recent drill holes also confirm the easterly plunge of the mineralization. Visible gold is observed in smoky quartz veins and is associated with sphalerite which is typical of the Gladiator deposit zones.

Bonterra has also extended the newly discovered Titan zone 60 metres to the east with a drill intercept of seven g/t Au over two m in hole BA-19-01. The mineralized zone consists of quartz vein and stockworks with visible gold hosted in a major shear zone. The Titan zone shows a lot of similarities to the Gladiator zones and remains open in all directions.

         DRILLING HIGHLIGHTS
  
Hole       From (m)   To (m)   Length* (m)   Grade (g/t)      Zone   
BA-19-01     444.3    445.4           1.1           4.9    Titan 1
             565.0    567.0           2.0           7.0    Titan 2
BA-19-07     103.6    105.1           1.5          20.7      North  
BA-19-09     142.4    143.9           1.5           7.3     Rivage 
             153.3    155.3             2          40.2      North  

* 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.


  

Greg Gibson, interim chief executive officer, states: "These recent results continue to demonstrate that the Gladiator deposit has yet to reveal its full potential. Whether the drill stepouts are 100 metres or two kilometres, our technical team manages to identify gold mineralization where it is anticipated. We will keep pushing in the next weeks to include all drill results in the upcoming mineral estimate."

Please see the company's website for updated long section and cross-section.

Bonterra resources quick facts:

  • Control of three high-grade gold deposits (Gladiator, Barry and Moroy) and significant regional targets;
  • 100-per-cent ownership of the Urban-Barry mill, the only permitted gold mill in the region;
  • Strong shareholder base including Eric Sprott and Kirkland Lake Gold;
  • Property-wide National Instrument 43-101 mineral resource estimate under way to include the Gladiator, Barry and Moroy deposits.

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 (A.A.) at the company's laboratory. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The company's QA/QC analytical verification program requires that a minimum of 10 per cent of the samples be audited at an independent laboratory. Theses audit assays were sent to the ALS laboratory located in Val d'Or, Que. The results of the audits are consistent with those obtained.

Qualified persons

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.

We seek Safe Harbor.

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