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Bonterra Resources drills 3.6 m of 18 g/t Au at Moroy

2019-10-17 12:02 ET - News Release

Mr. Allan Folk reports

BONTERRA INTERSECTS HIGH GRADE GOLD IN NEW ZONE AT MOROY

Bonterra Resources Inc. has discovered a new zone of gold mineralization at the Moroy project. Recently completed diamond drill hole intercepts in the new zone, referred to as the M4 zone, are summarized in the included table. Highlights include:

  • 18.09 grams per tonne gold over 3.6 metres in hole MY19-158;
  • 18.39 g/t Au over 2.94 m in hole MY19-161;
  • 11.09 g/t Au over 11.41 m in hole MY19-166.

The Moroy deposit is located on the company's 125-square-kilometre Bachelor Lake property, approximately 225 km northeast of Val d'Or and is located south of the Bachelor mine. Mineralization at Moroy consists of quartz veins with minor pyrite hosted by hematite, sericite, quartz and pyrite altered volcanic rocks. Mineralization previously delineated at Moroy and included in the company's mineral resource estimate (May 28, 2019) consists dominantly of a westerly striking and steeply north-dipping (approximately 60 to 80 degrees) vein system. In contrast, the M4 zone dips shallowly, approximately 20 to 30 degrees (to the north-northwest). The delineation of the M4 zone represents a newly recognized orientation for mineralization at Moroy.

Greg Gibson, company president and chief executive officer, stated: "We are thrilled with our drilling results to date, especially the discovery of high-grade gold within the Moroy project at our M4 target area. These results demonstrate the tremendous prospectivity of the company's district-scale holdings."

Hole ID    From (m)  To (m)  Length (m)  Au (g/t)

MY17-021     217.56  226.22        8.66      0.92
MY17-022     235.52  255.58       20.06      0.98
including    245.79  249.39        3.60      2.56
MY18-028     250.46  256.31        5.85      3.54
including    250.46  253.05        2.59      6.26
MY18-029     257.20  259.76        2.56      1.09
MY19-155                                      NSA
MY19-156      61.15   67.41        6.26      5.11
including     62.56   66.80        4.24      7.26
MY19-157A                                     NSA
MY19-158      67.03   77.16       10.13      7.10
including     71.11   74.70        3.60     18.09
MY19-159      59.65   64.36        4.71      1.54
including     61.24   62.85        1.62      3.65
MY19-160      72.69   88.55       15.86      1.03
including     86.42   88.55        2.13      3.68
MY19-161      51.59   67.85       16.26      4.38
including     55.33   58.27        2.94     18.39
MY19-162      62.68   64.30        1.62      0.89
MY19-163      80.41   81.02        0.61      2.14
MY19-164      93.52   99.64        6.12      0.48
including     93.52   94.13        0.61      1.92
MY19-165      77.78   89.91       12.13      4.39
including     81.88   86.77        4.89      7.14
MY19-166      68.08   85.32       17.24      7.89
including     71.31   82.40       11.09     11.41
MY19-167      77.84   82.99        5.15      4.19
including     79.61   82.46        2.85      6.64
MY19-168      60.38   65.21        4.83      2.47
including     60.38   61.98        1.60      5.21
MY19-169      89.54  101.47       11.93      0.70
MY19-170      57.37   60.38        3.02      2.15

Notes: True widths are approximately 65 to 80 per cent of intersection length; Hole MY19-158 was previously released June 12, 2019; NSA -- no significant assays.

Analyses and quality assurance/quality control

Gold analyses of Moroy drill core are completed at the Bachelor mine assay laboratory. The company employs an industry standard QA/QC program that includes duplicate analyses from pulp and coarse rejects, and the use of certified reference materials and blanks. Check assays on a minimum of 10 per cent of the samples are completed at ALS Laboratories in Val d'Or.

Qualified person

Jamie Lavigne, PGeo, and vice-president of exploration for the company, has approved the information contained in this release. Mr. Lavigne is a qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.

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