VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2010) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company") announces that it has entered into an agreement to acquire a 100-per-cent interest in ground near the Windfall lake property of Eagle Hill Exploration Corp. in the Abitibi mineralized belt of Northern Quebec. This area between Val d'Or and Chibougamau is known for its gold and copper production and excellent infrastructure for exploration and mining.
The 36 separate claim blocks total approximately , 2016 hectares to the south west of the EAG property. The ground has been applied for through GESTIM, and the applications have been paid and the applications have been acknowledged as received by the Quebec Ministere des Ressources Naturelles et de la Faune. The ground was strategically selected as a high favourability area prospective for Orogenic Gold Favorablity as determined by Lamonthe and Harris 2006 Assessment of the potential for Orogeneic gold deposits in the Abitibi region.
Terms of the deal call for BTR to pay the vendor a total of $20,000.00 and issue 800,000 shares of the company on claim application approval and TSX Venture approval. This transaction will be subject to a finders fee.
Eagle Hill Exploration Corp. announced in Stockwatch on March 09, 2010, the following results from theWindfall Lake property: