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Bonterra Resources Inc (2)
Symbol BTR
Shares Issued 89,709,179
Close 2016-12-08 C$ 0.245
Market Cap C$ 21,978,749
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Bonterra Resources drills 2m of 64.3g/t Au at Gladiator

2016-12-08 08:55 ET - News Release

Mr. Nav Dhaliwal reports

BONTERRA INTERSECTS 64.3 G/T GOLD OVER 2.0 M IN RIVAGE GAP; STRIKE LENGTH OF GLADIATOR DEPOSIT EXTENDED BY 500 M TO 1,200 M

Bonterra Resources Inc. has provided an update. The first two drill holes targeted within the Rivage gap successfully located new high-grade gold mineralization, resulting in the addition of over 500 metres of strike length to the Gladiator deposit. Drill hole BA-16-40 intersected 64.3 grams per tonne over two metres at 130 m below surface while drill hole BA-16-42 intersected 8.7 g/t over three metres at over 300 metres below surface.

The Rivage gap, with an approximate length of 500 metres, is an untested section beyond the western extension of the Gladiator gold zone. The successful intersection of gold mineralization in the Rivage gap provides Bonterra confirmation that the strike length of the Gladiator deposit has now been increased to over 1.2 kilometres from its previously drilled length of 700 metres and joins the Rivage zone with the main Gladiator zone.

Nav Dhaliwal, president and chief executive officer of Bonterra, commented: "A reinterpretation by our geological team of the orientation of the Rivage zone relative to the main zone has resulted in the confirmation that the Rivage is simply a strike extension of our Gladiator deposit. This first attempt at joining the two zones has resulted in a significant strike extension to the Gladiator gold deposit. The gap, noting its 500-metre strike length and being open to depth, provides an excellent opportunity to continue expanding the dimensions of the Gladiator gold deposit."

Highlights and observations:

  • The company intersected two metres of 64.3 grams per tonne gold in hole BA-16-40 and three m of 8.7 g/t Au in hole BA-16-42 in the Rivage gap, an untested 500-metre extension of the Gladiator deposit to the west.
  • The Rivage zone is now joined with the Gladiator gold deposit, indicating a current drilled strike length of 1,200 metres. The Gladiator gold deposit has been outlined to a depth of 650 metres below surface.
  • The Rivage zone was previously interpreted to be an isolated parallel zone with very limited information consisting of surface sampling and four drill holes.
  • Core axis angles of the intersection contacts and surrounding rock units average 55 degrees.


Hole      From (m)    To (m)  Length (m)   Grade (g/t Au) 
                                                        
BA-16-40     152.0     154.0         2.0             64.3   
BA-16-42     507.0     510.0         3.0              8.7  

Note
* Stated lengths are core width as drilled, true widths 
have not yet been determined.

  

Bonterra Resources quick facts

  • 7,563 hectares (Gladiator project) in the Urban-Barry camp in Quebec containing:
    • Using a four g/t Au cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold. Of note, about 90 per cent of the world's operating mines have an average gold grade less than eight g/t. Mineral resource estimate and technical report filed July 27, 2012, Snowden Mining Consultants.
  • The 2016 exploration program is under way -- up to 25,000 metres utilizing minimum of two drill rigs at its 100-per-cent-owned Gladiator gold project to expand current gold resource:
    • 2,165 hectares (Larder property) in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016, news release highlighting historical gold resource).

Dale Ginn, PGeo, has approved the information contained in this release. Mr. Ginn is a director and vice-president, exploration, for Bonterra and is a qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.

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