BonTerra Drills 3.3 m of 29.0 g/t Au and 5.7 m of 24.3 g/t Au in Main Zone and in New Mineralized Zones to the West of its Gladiator Gold Project
Complete Drill Hole Results:
Hole |
From |
To |
Length |
Grade |
Zone |
BA-16-02 |
11.0 |
55.0 |
44.0 |
0.4 |
New (North Shear 2) |
79.0 |
137.0 |
58.0 |
2.5 |
New (North Shear 1) |
|
Including |
79.0 |
95.0 |
16.0 |
6.1 |
New (North Shear 1) |
Including |
79.0 |
84.0 |
5.0 |
15.3 |
New (North Shear 1) |
Including |
92.5 |
95.0 |
2.5 |
7.5 |
New (North Shear 1) |
BA-16-04 |
64.0 |
70.0 |
6.0 |
10.4 |
Main |
BA-16-05 |
25.0 |
26.5 |
1.5 |
3.5 |
Main |
184.0 |
186.0 |
2.0 |
12.7 |
Main |
|
290.7 |
294.0 |
3.3 |
29.0 |
New (South) |
|
BA-16-06 |
20.8 |
30.0 |
9.2 |
2.1 |
FW |
336.0 |
337.5 |
1.5 |
2.5 |
Intrusive |
|
416.0 |
420.0 |
4.0 |
1.7 |
Main |
|
BA-16-09 |
21.7 |
27.4 |
5.7 |
24.3 |
Main |
110.1 |
111.2 |
1.1 |
41.7 |
Main |
|
364.0 |
369.0 |
5.0 |
1.8 |
New (South) |
*Stated lengths are core width as drilled, true widths have not yet been determined.
BonTerra Resources Quick Facts:
- ~$3.5 million in cash as at January 1, 2016.
- ~59 million shares outstanding.
-
7,563-hectare (Gladiator Project) in the Urban-Barry Camp in Québec containing:
- Using a 4 g/t Au cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold. Of note, ~90% of the worlds operating mines have an average gold grade less than 8 g/t. Mineral Resource Estimate and technical report filed July 27, 2012, Snowden Mining Consultants.
- 2016 Exploration Program underway – up to 25,000 meters utilizing minimum of two drill rigs at its 100% owned Gladiator Gold Project to expand current gold resource.
- 2,165-hectare (Larder Property) in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
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.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
BonTerra Resources Inc.
For additional information, please contact:
Todd Hanas
Corporate Development
E: todd@bonterraresources.com
T: 866.869.8072
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.
Todd Hanas
BlueSky Corporate Communications Corp.