NEWS:BTR Commences 2016 Drill Program of up to 25,000 meters.
Drill baby drill......One drill spinning as i type, another rig coming in a few weeks.........Price of GOLD is starting to cooperate ...."finally".....A perfect mix......If Nav and Dale are correct on their assumption.....BTR......Will have potential to discover another mineralized GOLD zone......Dale Ginn wants 20 to 30% allocated funds to finding that or those new zone......Great way to add ounces.....One drill delineates from inferred to M&I,.... adding another step out drill, and hopefully adding a third or fourth drill to keep hitting those new tagets.......Man!! am i ever looking forward to the storm of results we shall be getting......either way we slice it, Nav is building BTR's fundamental in a very aggressive manner.....Now if i the drill can show us say pushing one million ounces at say 5-8 g/t......The price tag will rise... "Big Time".........GLTA
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Nav Dhaliwal, President and CEO of BonTerra, stated: "In 2015, our technical team significantly increased their level of confidence and knowledge of the mineralized gold system discovered at depth and along strike at the Gladiator Gold Project. With this higher level understanding of the multiple previously known and newly discovered mineralized zones, we are confident that by applying a multi-phase exploration program we will not only be able to increase the existing gold resource on the property, but we will also discover other mineralized zones lying parallel and along strike. In 2016, we intend to complete over ten times the amount of diamond drilling versus our highly successful 2015 drill program. Adding in a concurrent extensive geophysical program, and remodeling of historical data, we intend to deliver results that reward our shareholders and to build Quebec's most exciting gold exploration company."
2016 Exploration and Drill Program Highlights:
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-Fully funded through recent strategic financings;
-Multi-phase drill programs (totaling up to 25,000 meters) to explore the gold mineralization and structures outlined in our late-2015 drill program;
-Immediately mobilize a second larger drill rig in late February focused on defining the further extension of the gold mineralization envelope downward and along strike of the Spartacus trend;
-Further define known geological resources reported to-date and expand and potentially upgrade from the inferred category to the indicated category.
Dale Ginn, VP of Exploration of BonTerra also commented: "In early 2016, we will be targeting extensions to the zones as outlined in the 2015 drill program. Winter ice access will allow us to reach plunge and strike extensions with proper angles and spacing. Additionally, we will be following up on trends as defined by our recently completed ground geophysical programs. While the bulk of the drill program will be focused in and around the main Gladiator zones, twenty to thirty percent of this year's drilling will be dedicated to the discovery of new zones within our Arena and Coliseum property packages."
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice President of Exploration for BonTerra and is a Qualified Person as defined by NI 43-101.
Read more at https://www.stockhouse.com/news/press-releases/2016/02/02/bonterra-commences-2016-drill-program-of-up-to-25-000-meters-on-its-gladiator#ICZTGE5deY5KySq9.99