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BonTerra Resources Inc V.BTR

Alternate Symbol(s):  BONXF

Bonterra Resources Inc. is a Canada-based gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company is engaged in the business of acquiring, exploring, and evaluating natural resource properties in the province of Quebec. The Company’s assets include Gladiator, Barry, Moroy, and Bachelor. The Company holds a 100% interest in 436 mineral claims covering 22,779.32 hectares surrounding the town of Desmaraisville. The Bachelor Mine is located on one mining concession, and one mining lease, four kilometers (km) south of Highway 113 and 90 km northeast of the city of Lebel-sur-Quevillon. The Company holds a 100% interest in 21 mineral claims in the city of Val-d’Or in Quebec covering 457.53 hectares. The Company holds a 90% interest in two mining leases north of the town of Skead within the city of Greater Sudbury in Ontario. The two mining leases cover an area of approximately 129.99 hectares.


TSXV:BTR - Post by User

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Post by Bixtonion Sep 14, 2018 4:28pm
153 Views
Post# 28623674

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

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

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. Step out 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 g/t Au over 3.0 m 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 g/t Au over 2.0 m and 4.0 g/t Au over 3.0 m .
  • BA-18-53A also intersected with Footwall Zone with 4.5 g/t Au over 3.0 m, increasing the thickness of the zone at 600 m below surface.
  • BA-18-54 further defines the North Zone with 9.4 g/t Au over 3.0 m . 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 m below surface with 12.3 g/t Au over 1.5 m , 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 g/t Au over 1.5 m .
  • BA-18-62 intersected the Main Zone, increasing the size of the high-grade chute 400 m below surface with 17.7 g/t Au over 2.0 m .
  • BA-18-62 intersected two structures in the South Zone with 9.8 g/t Au over 2.0 m and 5.8 g/t Au over 2.0 m , 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 m, as well as a drilled depth of over 1,000 m.

The ongoing 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 upcoming 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 (m)To (m)Length* (m)Grade (g/t Au)Zone/Area 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 width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees.

Please see https://bonterraresources.com/projects/gladiator-project/maps-sections/ for updated maps including long sections and cross sections.

Robert Gagnon, P.Geo., 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.

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