(TheNewswire)
Vancouver, BC / TheNewswire / November 9, 2017: Bonterra Resources
Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce
that the ongoing Resource Development Program in and around the Gladiator Gold Deposit has successfully increased the width of the Main Zone and extended the strike length of multiple gold-bearing horizons . The
results from the current drilling campaign continue to expand the size and further confirm the continuity of the Gladiator Gold
Deposit. Noting the aggressive drill program at Gladiator, assays from multiple drill holes are pending in lab, and the Company
anticipates additional drill results in the near future.
Highlights and Observations:
-Results from six (6) recent drill holes have increased the width of the Main Zone and have extended
the strike length of the Footwall and North Zones.
-Hole BA-17-38 extends the North Zone down plunge to
700 m below surface with 4.0 m of 7.3 g/t Au including 24.8
g/t over 1.0 m .
-Hole BA-17-38 increases width and grade down plunge
in the Main Zone with 9.4 m of 8.2 g/t Au at 800 m depth.
-Hole BA-17-37 confirms the eastern continuity of
the South Zone with 1.5 m of 17.6 g/t Au at 500 m depth.
-Hole BA-17-39B extends the Footwall Zone to the
east below surface with 5.0 m of 11.5 g/t Au at 500 m below surface.
-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.
Please see http://www.bonterraresources.com/en/gladiator/maps-sections
for updated maps including long sections and cross sections.
Nav Dhaliwal, CEO and President, stated, “We continue to establish the
Gladiator Gold Deposit as a very large gold system, with multiple parallel gold horizons that continue to be expanded along strike
and also appear to show signs of increased width, as shown in hole BA-17-38, where 8.2 g/t Au over 9.4 m was intersected. Since
2011, approximately 88,500 m of drilling has been completed at the Gladiator Gold Deposit, which includes over 40,000 m so far in
2017. As we approach our winter drill program, we are looking to expand up to six drill rigs to ensure we continue our expansive
resource development program. Because of our continued drilling success over the last two years at Gladiator, we have a high level
of confidence that in 2018, we will be in a position to significantly upgrade the size of the geological model and complete a
sizable mineral resource update.”
Hole
|
From
(m)
|
To
(m)
|
Length*
(m)
|
Grade
(g/t Au)
|
Zone/Area
|
BA-17-33
|
791.0
|
792.0
|
1.0
|
13.9
|
Main Zone
|
BA-17-35
|
1,272.0
|
1,273.0
|
1.0
|
6.4
|
North Zone
|
BA-17-36
|
551.0
|
553.0
|
2.0
|
14.0
|
Footwall Zone
|
|
658.0
|
660.0
|
2.0
|
11.2
|
South Zone
|
BA-17-37
|
644.5
|
646.0
|
1.5
|
17.6
|
South Zone
|
BA-17-38
|
706.0
|
710.0
|
4.0
|
7.3
|
North Zone
|
|
862.6
|
872.0
|
9.4
|
8.2
|
Main Zone
|
BA-17-39B
|
639.0
|
641.0
|
2.0
|
10.4
|
Main Zone
|
|
474.0
|
479.0
|
5.0
|
11.5
|
Footwall Zone
|
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.
Bonterra Resources Quick Facts:
-Well financed with $40 million raised in 2017.
-Gladiator Gold Deposit:
-Deposit extension and resource expansion underway utilizing minimum of four drill rigs
with 50,000 m planned in 2017;
-Drilled dimensions of the Gladiator Deposit are currently outlined to a depth of 1,200 m below
surface, and a strike length of 1,200 m;
-Gladiator remains open in all directions with drilling currently focused on the Rivage Gap western
side, new north and south veins infill and exploration in and around the Coliseum Gold Zone;
-At least five distinct subparallel zones or mineralized horizons have been identified.
-Larder Lake Gold Property:
-100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17,
2016 news release highlighting historical gold resource);
- Excellent access to three high grade gold deposits between
Kirkland Lake and Virginiatown.
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.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
Bonterra Resources Inc.
For further information on Bonterra, contact Investor Relations
Telephone: 1 844 233 2034
Email: ir@bonterraresources.com
Website: www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-looking information" that is based on Bonterra’s current
expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with
respect to Bonterra’s exploration and development plans. The words "will", "anticipated", "plans" or other similar words and
phrases are intended to identify forward-looking information. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance
or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors
include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund
exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation,
legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational
difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.
This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on such forward-looking information. Bonterra disclaims any
intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or
otherwise.
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