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Bonterra Resources Inc (2)
Symbol C : BTR
Shares Issued 191,569,268
Close 2017-12-04 C$ 0.58
Recent Sedar Documents

Bonterra Resources drills 4m of 18.5g/t Au at Gladiator

2017-12-05 06:25 ET - News Release

Mr. Dale Ginn reports

BONTERRA EXPANDS MINERALIZED WIDTH AND GRADE AT GLADIATOR GOLD DEPOSIT WITH SIGNIFICANT RESULTS ON MULTIPLE ZONES; 18.5 G/T AU OVER 4.0 M INTERSECTED IN THE SOUTH ZONE

Bonterra Resources Inc. has had continued success from its continuing resource development program at the Gladiator gold deposit. Drilling has further increased the size of the high-grade core area of the south zone, with 18.5 grams per tonne gold over 4.0 metres drilled in hole BA-17-42A, and significant width and grade were also encountered in the footwall zone within drill hole BA-17-48, which yielded 10 g/t Au over 6.3 m. Additional drilling results received also extended the north zone down plunge and to the east. The company is aggressively completing its 2017 resource development program, with four diamond drill rigs completing a 50,000 m program. Multiple holes are currently in the lab awaiting completion with assays pending.

Highlights and observations:

  • Drill holes BA-17-42A (18.5 g/t Au over 4.0 m) and BA-17-44 (11.9 g/t Au over 3.2 m) in the south zone increase and further define the size of the high-grade core area.
  • Holes BA-17-42A and BA-17-48 improve the definition of the high-grade core of the footwall zone, with significant grade and width in hole BA-17-48, which intersected 10.1 g/t Au over 6.3 m.
  • Holes BA-17-42, BA-17-43B and BA-17-46 confirm the eastern continuity of the north zone, with BA-17-42 intersecting 9.6 g/t Au over 3.0 m. This recent drilling also extends the north zone down plunge to the east.
  • Results from seven recent drill holes have expanded the size and demonstrate the continuity of the north, footwall and south zones.
  • To date, continuity of mineralization is now confirmed over a total drilled strike length on at least two horizons (main and footwall) of 1,200 m, as well as a drilled depth of 1,200 m.

Dale Ginn, vice-president, exploration, stated: "Drill results from Gladiator continue to demonstrate superior widths and grades in all five of our defined zones to date. These mineralized zones are not only visible with sharp contacts, but are continuous and highly predictable. Stand-alone high-grade gold deposits in Canada, especially with extensive infrastructure and easy access, are extremely rare and valuable and we look forward to demonstrating that Gladiator is among that class."

The company plans to mobilize two additional drills (totalling six) to the property to support the expanding resource development program at Gladiator. The upcoming winter drilling campaign will focus on further defining the Gladiator gold deposit to advance the completion of an updated National Instrument 43-101 mineral resource estimate in 2018.


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

BA-17-42             179.0         182.0              3.0                 9.6
BA-17-42A            269.0         271.0              2.0                 5.2
                     556.0         560.0              4.0                18.5
BA-17-43B            472.0         474.0              2.0                 5.8
BA-17-44             575.8         579.0              3.2                11.9
BA-17-46             425.8         428.5              2.7                10.9
BA-17-48             250.7         257.0              6.3                10.1

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 NI 43-101.

We seek Safe Harbor.

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