VAL-D'OR, QC, April 4, 2019 /CNW/ - Bonterra Resources
Inc. (TSX-V: BTR, OTCQX: BONXF, FSE:
9BR1) ("Bonterra" or the "Company") is
pleased to announce assay results from its ongoing diamond drilling
program at its Gladiator Project located in the Urban Barry
exploration camp in northern Québec. The results reported today
extend several of the gold-bearing mineralized zones along strike
on the Gladiator Deposit.
The Barbeau zone is the southernmost of the mineralized
Gladiator structures and is characterized by mineralized smoky
quartz veins with pyrite, sphalerite, chalcopyrite and visible
gold. Current drilling has extended the zone by 250 metres,
confirming its continuity in grade and length with hole BA-19-24
that returned 14.6 g/t Au over 4.6 m.
The Barbeau zone has now been outlined over a strike length of 450
metres to a depth of 200 metres.
The Rivage 2 zone, located north of the Gladiator deposit,
consists sub-vertical quartz veins mineralized with pyrite,
sphalerite and visible gold. Initially discovered by field
prospecting in the summer of 2018, the mineralized zone now extends
over 350 metres to a depth of 200 metres. Drill hole BA-19-28
returned 37.6 g/t Au over 1.7 m. The
Rivage 2 zone remains open along strike and at depth.
The South zone, located in the heart of the Gladiator deposit,
was intersected in drill hole BA-19-26A that returned 17.7 g/t Au
over 2.0 m. Mineralization typically
consists of smoky quartz, pyrite, sphalerite and visible gold.
Attesting to the Company's geological modeling and continuity
of the mineralized zones, this drill hole was expected to intersect
the South zone prior to reaching the Barbeau zone. Additional
results are provided in the drilling highlights table below.
Drilling highlights:
Hole
|
From (m)
|
To (m)
|
Length*
(m)
|
Grade Au
(g/t)
|
Zone
|
BA-19-11A
|
240.4
|
242.6
|
2.2
|
7.8
|
Barbeau
|
BA-19-24
|
420.9
|
425.5
|
4.6
|
14.6
|
Barbeau
|
BA-19-26A
|
112.0
|
114.0
|
2.0
|
17.7
|
South Zone
|
|
305.0
|
306.5
|
1.5
|
5.3
|
Barbeau
|
BA-19-28
|
373.5
|
375.2
|
1.7
|
37.6
|
Rivage 2
|
BA-19-29
|
314.6
|
316.1
|
1.5
|
5.6
|
Barbeau
|
*Stated lengths
are core width as drilled, true widths vary and average between 60
and 80 percent of drilled widths
|
Greg Gibson, Interim CEO, states:
"These drill results continue to demonstrate the potential for
strike extensions on the multiple gold-mineralized zones that make
up the Gladiator deposit, which we anticipate will translate into
additional ounces. This new drilling data on the Gladiator deposit
will be included in the upcoming property-wide resource
estimate."
Please see
http://www.bonterraresources.com/projects/gladiator-deposit/maps-sections/ for
an updated plan map and cross section.
Quality Control and Reporting Protocols
The Company uses a rigorous QA-QC analytical program according
to industry standards. The analytical results were done by
pyroanalysis (A.A.) at the mine laboratory. Blanks, duplicates and
certified reference standards are inserted into the sample stream
to monitor laboratory performance. The company's QA-QC analytical
verification program requires that a minimum of 10% of the samples
be audited at an independent laboratory. These audit assays
were sent to ALS laboratory located in Val-d'Or, Quebec. The results of the audits
are consistent with those obtained.
Bonterra Quick Facts
- Currently developing three high-grade gold deposits: Gladiator,
Barry and Moroy projects in the mining-friendly jurisdiction of
Quebec;
- significant regional targets in the Urban Barry Camp.
- Bonterra is in the process of upgrading its wholly-owned gold
mill, the only permitted mill in the Urban Barry Camp, to increase
capacity from 800 to 2400 tpd
- a property-wide mineral resource estimate is underway and will
include the Gladiator, Barry and Moroy deposits.
- Bonterra has a strong shareholder base which includes Wexford
Capital, Kirkland Lake Gold and
Eric Sprott.
Qualified Person
Pascal Hamelin, P.Eng., VP
Operations, is the Qualified Person under NI 43-101, responsible
for reviewing and approving the technical information contained in
this news release.
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.
Cautionary and Forward-Looking Statements
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. This forward-looking
information includes namely, information with respect to the
planned exploration programs and the potential growth in mineral
resources. Exploration results that include drill results on
wide spacings may not be indicative of the occurrence of a mineral
deposit and such results do not provide assurance that further work
will establish sufficient grade, continuity, metallurgical
characteristics and economic potential to be classed as a category
of mineral resource. The potential quantities and grades of
drilling targets are conceptual in nature and, there has been
insufficient exploration to define a mineral resource, and it is
uncertain if further exploration will result in the targets being
delineated as mineral resources. 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, 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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SOURCE Bonterra Resources Inc.