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Bonterra Resources Inc (2)
Symbol BTR
Shares Issued 233,985,579
Close 2018-09-14 C$ 0.42
Recent Sedar Documents

Bonterra Res drills three m of 29.6 g/t Au at Gladiator

2018-09-14 16:14 ET - News Release

Mr. Nav Dhaliwal reports

BONTERRA INTERSECTS 29.6 G/T AU OVER 3.0 M AT THE GLADIATOR GOLD DEPOSIT AS NEW HIGH-GRADE TRENDS CONTINUE TO EMERGE

Bonterra Resources Inc. has released the latest drilling results from the continuing resource development program at the Gladiator gold deposit, including an intersection of 29.6 grams per tonne gold over 3.0 metres at the South zone. This indicates the presence of a new high-grade chute and is open at depth. Recent infill drilling results demonstrate the continuity of mineralization and increase the thickness of all defined zones. Stepout drilling revealed new areas of high-grade mineralization and has expanded the known extents of mineralization along multiple zones.

Highlights and observations:

  • Infill and extension drill results continue to validate the Gladiator model.
  • BA-18-53A intersected multiple high-grade gold zones, including 29.6 grams per tonne gold over 3.0 metres at the South zone, indicating the presence of a new high-grade chute, expanding the known extents of mineralization and opening the South zone at depth.
  • BA-18-53A intersected multiple structures in the North zone with 6.5 grams per tonne gold over 2.0 metres and 4.0 grams per tonne gold over 3.0 metres.
  • BA-18-53A also intersected the Footwall zone with 4.5 grams per tonne gold over 3.0 metres, increasing the thickness of the zone at 600 metres below surface.
  • BA-18-54 further defines the North zone with 9.4 grams per tonne gold over 3.0 metres. This intersection increases the grade and indicates the continuity of the North zone in the eastern part of the deposit.
  • BA-18-58 intersected the South zone at 600 metres below surface with 12.3 grams per tonne gold over 1.5 metres, connecting the mineralization at the Rivage area to a high-grade chute at depth.
  • BA-18-58 intersected the Main zone, expanding the extents of known mineralization up plunge with 4.1 grams per tonne gold over 1.5 metres.
  • BA-18-62 intersected the Main zone, increasing the size of the high-grade chute 400 metres below surface with 17.7 grams per tonne gold over 2.0 metres.
  • BA-18-62 intersected two structures in the South zone with 9.8 grams per tonne gold over 2.0 metres and 5.8 grams per tonne gold over 2.0 metres, proving continuity.

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 1,300 metres as well as a drilled depth of over 1,000 metres.

The continuing resource development program continues to expand and define the Gladiator gold deposit ahead of the updated mineral resource estimate scheduled for Q4 2018. Drilling to be included in the coming mineral resource estimate has now been completed. Drilling continues with three drills at the deposit focused on extension drilling along strike to the northeast and southwest.

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

BA-18-53A    605.0     607.0       2.0          6.5             North    
BA-18-53A    614.0     617.0       3.0          4.0             North    
BA-18-53A    684.0     687.0       3.0          4.5          Footwall 
BA-18-53A    988.0     991.0       3.0         29.6             South    
BA-18-54     564.0     567.0       3.0          9.4             North    
BA-18-56     466.0     468.0       2.0          6.0             South    
BA-18-57A    607.0     608.0       1.0          9.5              Main     
BA-18-58     741.0     742.5       1.5          4.1              Main     
BA-18-58     882.0     883.5       1.5         12.3             South    
BA-18-61B    443.6     444.8       1.2          4.3              Main     
BA-18-61B    504.0     505.1       1.1          5.6             South    
BA-18-61B    722.0     724.0       2.0          6.9           Barbeau  
BA-18-62     540.5     542.5       2.0         17.7              Main     
BA-18-62     585.0     586.0       2.0          5.8             South    
BA-18-62     594.0     596.0       2.0          9.8             South    
BA-18-62     614.3     615.0       0.7          8.8           Barbeau  
BA-18-62     619.2     622.5       3.3          5.5           Barbeau  

* Stated lengths are core widths as drilled; true widths vary and 
average between 60 per cent and 80 per cent of drilled widths. 
Core axis angles of the intersection contacts and surrounding rock 
units average 55 degrees to 70 degrees.

Please see the company's website for updated maps, including long sections and cross-sections.

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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