BonTerra Continues to Identify Additional Near Surface High Grade Zones in Gladiator Deposit Including 5.0 m at 23.6 g/t Au and 6.0 m at 41.01 g/t Au
VANCOUVER, March 21, 2017 /CNW/ - BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "BonTerra") is pleased to announce that recent drilling in the 2017 Resource Development Program at the Gladitaor Gold Deposit has identified additional high grade gold zones near surface on the west side "Rivage Gap" extension. Drill hole BA-17-05 intersected five (5) distinct gold zones including 2 new zones, and a notable western extension of the FW Zone which intersected 6.0 meters grading 41.0 g/t Au at a depth of approximately 60 meters below surface.
Highlights and Observations:
- Hole BA-17-05 encountered multiple high-grade intersections in the "Rivage Gap", continuing to demonstrate continuity of the Gladiator Deposit to the west and joining with the Rivage Zone.
- The hole hit two new horizons near surface as well as the FW, Intrusive and Main horizons. The two new zones were outlined between 20 m and 50 m below surface, specifically:
- 12.0 m grading 1.1 g/t Au in a mineralized felsic porphyritic intrusive host.
- 5.0 m grading 23.6 g/t Au in a shear hosted vein with visible gold.
- The FW Zone produced a very high grade intersection of:
- 6.0 m grading 41.0 g/t Au including 1.6 m grading 147.9 g/t.
- The hole hit two new horizons near surface as well as the FW, Intrusive and Main horizons. The two new zones were outlined between 20 m and 50 m below surface, specifically:
- 2017 drill holes BA-17-02, BA-17-03 and BA-17-04 are awaiting further assay results; BA-17-03 will be deepened further noting the hole ended in a mineralized felsic intrusive.
- Three (3) drill rigs are currently operating with a fourth drill rig currently being considered for the on-trend Coliseum Gold Property. Follow up drilling is planned to test anomalies and targets recently generated by recent ground geophysical and geochemical till sampling programs.
- Assays from the final three holes from 2016 drilling have been received and are also included in the table below.
- The drilled dimensions of the Gladiator Deposit is currently outlined to a depth of 800 meters below surface, and a strike length of 1,200 meters (1.2 km). Gladiator remains open in all directions with drilling currently focused on the Deep East Zone, the Rivage Gap western side, Rivage Gap infill and a potential Coliseum exploration. At least five distinct subparallel zones or mineralized horizons have been identified to date.
Nav Dhaliwal, CEO and President of BonTerra, commented,"Our technical team continues to intersect significant drill results and in addition has uncovered new zones in and around the Gladiator Gold Deposit. We are focused on completing our resource development program in 2017, and delivering an updated geological model that will substantially increase the contained ounces at the Gladiator Gold Deposit."
Dale Ginn, Vice-President Exploration of BonTerra, stated: "The Rivage Gap is not only adding strike length to our known zones, but it is also yielding new gold horizons close to surface. The presence of multiple continuous (especially) high grade zones is significant and a potential positive contributor to delivering a better than average gold ounces per vertical meter number that mine developers and producers are wanting to see."
| Hole |
From (m) |
To (m) |
Length* (m) |
Grade (g/t Au) |
Zone/Area |
| West – Rivage |
|||||
| BA-17-05 |
19.0 |
31.0 |
12.0 |
1.1 |
New |
| 45.0 |
50.0 |
5.0 |
23.6 |
New |
|
| 72.0 |
78.0 |
6.0 |
41.0 |
FW |
|
| including |
73.4 |
75.0 |
1.6 |
147.9 |
|
| 152.0 |
153.0 |
1.0 |
36.6 |
Intr |
|
| 527.0 |
533.8 |
6.8 |
2.2 |
Main |
|
| East Side |
|||||
| BA-16-41 |
786.5 |
788.0 |
1.5 |
5.5 |
FW |
| 831.0 |
834.0 |
3.0 |
2.3 |
Intr |
|
| 944.6 |
947.0 |
2.4 |
6.8 |
Main |
|
| BA-16-43 |
726.0 |
739.3 |
13.3 |
1.0 |
Intr |
| 816.0 |
819.0 |
3.0 |
2.0 |
Main |
|
| BA-16-49 |
855.0 |
858.0 |
3.0 |
4.8 |
Main |
- *Stated lengths are core width as drilled, true widths have not yet been determined. Core axis angles of the intersection contacts and surrounding rock units average 55 degrees.
Please visit www.bonterraresources.com for updated long section and cross section.
BonTerra Resources Quick Facts:
- Well Financed with close to $15M in its treasury and no debt.
- Gladiator Gold Deposit:
- 100% controlled 8,126-hectare in the Urban-Barry Camp in Quebec
- Resource Expansion and Development Program underway utilizing minimum of four drill rigs with up to 40,000 meters planned;
- Drilled dimensions of the Gladiator Deposit is currently outlined to a depth of 800 meters below surface, and a strike length of 1,200 meters (1.2 km).
- Gladiator remains open in all directions with drilling currently focused on the Deep East Zone, the Rivage Gap western side, Rivage Gap infill and a potential Coliseum exploration.
- At least five distinct subparallel zones or mineralized horizons have been identified to date.
- 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).
- Resource Development and Exploration Program underway including upcoming drill program and geological modelling.
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice-President 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.
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.
SOURCE BonTerra Resources Inc.
Investor Relations, [email protected], 1 855.678.5308
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