Bonterra and Duke Option Drilling Extends Gladiator Length to 4.5 km
1680‐200 Burrard Street
Vancouver, BC V6C 3L6
Office: 604.678.5308
TF: 855.678.5308
www.bonterraresources.com
Bonterra and Duke Option Drilling Extends Gladiator Length to 4.5 km
Vancouver, BC – November, 20, 2018: Bonterra Resources Inc. (TSX-V: BTR, OTCQX:
BONXD, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that the Gladiator
mineralized trend has been extended to over 4.5 km as a result of new drill results as well as new
information gained through the Duke joint venture database. Dr illing by Bonterra and by the
previous owner of the Duke ground (Beaufield Resources Inc., no w Osisko Mining Inc.) has
resulted in Gladiator deposit extensions in both the east and west directions.
Drill hole BRS-17-11 was completed in 2017 by Beaufield in proximity to the Beaufield/Bonterra
claim boundary approximately 2 km northeast of the known Gladia tor deposit extent. This drill
hole crossed into Bonterra claims at approximately 300 m depth below surface and encountered a
broadly altered and mineralized zone that was identical in characteristics to the Gladiator deposit
including the presence of visible gold. The hole was logged and sampled by Beaufield; however,
it was not reported to Bonterra and it is unclear whether assay s were obtained at the time. Since
the Duke option deal was ratified with Beaufield, Bonterra has been able to retrieve the core and
resample it resulting in an in tersection of 7.7 g/t over 3.0 m. Additional holes obtained from the
Duke database as well as new drilling completed by Bonterra hav e confirmed the extensions in
both the east and west directi ons. Bonterra is now drilling fo llow up holes in and near the Duke
option southern boundaries as it is now earning in to 70% of this ground from Osisko Mining (see
BTR news release dated May 23, 2018).
Highlights and Observations:
BRS-17-10 and BRS-17-11 were historic and re-sampled i ntervals indica ting potential
extensions of the Gladiator deposit to the northeast of up to 2 km with 8.7 g/t Au over 3.0
and 7.7 g/t Au over 3.0 m, extending the total Gladiator trend to 4.5 km.
CL-17-31 intersected 5.5 g/t Au over 3.0 m at Coliseum zone 1 km to the SW of Gladiator
deposit.
BA-18-109 intersected 5.6 g/t Au over 1.5 m at the new Titan zone confirming the
mineralized structure NE of Gladiator deposit.
The Coliseum Zone extension occurs 1 km south west of the Gladi ator deposit along strike with
5.5 g/t Au over 3 m in a mineralized shear zone. The Titan Zone extension has been discovered 2
km northeast of the Gladiator de posit with results such as 7.5 g/ t Au over 3 m with visible gold
hosted in a smoky quartz vein. The Titan zone is defined to dat e by 5 drill holes, 4 of them
displaying visible gold. These two mineralized zones have structural and geological similarities to
the Gladiator deposit and are on strike in both the east and west directions.
- 2 -
Historical drilling from previous operators were re-sampled bas ed on current geological models
and the results lead the team to the new discovery north east of the Gladiator deposit.
Two rigs are currently in operation to expand the footprint of the known mineralization. The Titan
zone and Coliseum zone remain open in all directions.
Hole From
(m)
To
(m)
Length*
(m)
Grade
(g/t Au)
Zone/Area
BRS-17-06** 95.0 97.6 2.6 7.4 Titan
BRS-17-10** 18.5 21.5 3.0 8.7 Titan
BRS-17-11 439.7 442.7 3.0 7.7 Titan
BA-18-109 155.0 156.5 1.5 5.6 Titan
CL-17-31 257.0 260.0 3.0 5.5 Coliseum
*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.
**Drill hole previously released (see Beaufield news release dated October 16, 2017).
Nav Dhaliwal President and CEO of Bonterra stated: “Bonterra is consistently demonstrating the
potential of gold discoveries on its land package in the Urban Barry Camp. The fu ll potential of
the Gladiator deposit and area can now be fully realized utiliz ing the complete land package
consisting of the Duke option together with the original Bonter ra lands. The recent results show
that Bonterra is not only controlling several known gold deposits but sits on a major gold bearing
structure that has not been fully exploited yet.”
Please see http://bonterraresources.com/projects/gladiator-project/maps-sections/ for updated
maps including long sections and cross sections.
Bonterra Resources Quick Facts:
Control of three advanced high-grade gold deposits (Gladiator, Moroy and Barry) and
significant regional targets
100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region
Strong shareholder base including: Eric Sprott and Kirkland Lake Gold
New NI 43-101 Mineral Resource Estimate anticipated in 2018 for the Gladiator and Barry
Deposits
Quality Assurance and Quality Control:
Bonterra estimates that the true thickness of mineralized inter vals is between 60-80% of stated
core lengths. No capping grade has been applied. NQ-sized drill core is saw cut with half of the
interval sampled for analysis at ALS Laboratories in Val d’Or, Quebec and the remaining half is
stored at the Gladiator project site. Sample intervals are sele cted based on geological criteria
including lithology, mineraliza tion and alteration. Blanks and certified reference standards are
inserted every 25 samples. The company employs a QA/QC program consistent with NI 43-101
and industry best practices.
- 3 -
Pascal Hamelin, P.Eng., has approved the information contained in this release. Mr. Hamelin is
the Chief Operating Officer of Bonterra’s wholly-owned subsidiary, Metanor Resources Inc., 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: [email protected]
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", "anticipat ed", "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, regulat ory, political and comp etitive developments;
technological or operational difficulties or inability to obtain permits encountered in connection with exploration
activities; and labor 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.