Bonterra Continues to Expand the Gladiator Gold Deposit and Intersects 15.3 g/t Gold over 2.7 m
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Bonterra Continues to Expand the Gladiator Gold Deposit
and Intersects 15.3 g/t Gold over 2.7 m
Vancouver, BC – July 17, 2018: Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE:
9BR1) (the “Company” or “Bonterra”) is pleased to announce the latest drilling results from
the ongoing Resource Development Pr ogram at the Gladiator Gold Deposit, including an
intersection of 15.3 g/t Au over 2.7 m , extending the Footwall Zone down-plunge to the east.
Recent drilling results extended mineralization along multiple zones and continues to demonstrate
the continuity of the high-grade gold mineralization at depth a nd along strike at the Gladiator
Deposit.
Highlights and Observations:
Infill and extension drill results continue to demonstrate the continuity of the deposit,
highlighting the predictability of the mineralized zones.
Hole BA-18-54 intersected the Footwall Zone with 15.3 g/t Au ov er 2.7 m approximately
500 m below surface. This intersection increases the Footwall Z one considerably in both
size and grade, expanding the potential down plunge.
This intersection increases the Footwall Zone considerably in b oth size and grade,
expanding the potential down plunge.
Step out hole BA-18-44 intersected the Footwall Zone with 9.1 g/t Au over 2.0 m,
expanding mineralization westwards in the Rivage area, and open s the zone to depth on
westside of the deposit.
Hole BA-18-49A intersected the North Zone in the Rivage area with 12.2 g/t Au over 1.5
m, extending the depth, and opened up new high-grade mineralization down plunge to 300
m below surface.
Hole BA-18-50 intersected the South Zone at 300 m below surface , proving the
predictability of the geological model and adding definition to the high-grade chute
recently defined at the east side of the deposit.
BA-18-48 intersected the North Zone and expanded the high-grade chute u p plunge
towards surface in the east side of the deposit with 12.6 g/t Au over 1.3 m.
To date, continuity of mineralization is now confirmed over a total drilled strike length on
at least four horizons (North, Footwall, Main and South) of 1,2 00 m, as well as a drilled
depth of over 1,000 m.
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Positive results from step out drilling in both the Rivage and eastern areas of the deposit continue
to indicate the potential for further expansion of the Gladiato r Deposit along defined high-grade
chutes and highlights the predictability of the geological mode l. Infill drilling at the Gladiator
Deposit also validates the model and demonstrates the continuit y of the mineralization. The
resource development program continues with five drills at the deposit focused on infill and step-
out drilling in preparation for the updated mineral resource estimate in Q4 2018.
Hole From
(m)
To
(m)
Length*
(m)
Grade
(g/t Au)
Zone/Area
BA-18-44 355.0 357.0 2.0 9.1 Footwall Zone
BA-18-45 406.0 407.3 1.3 4.9 Footwall Zone
585.0 586.0 1.0 7.9 Main Zone
BA-18-47 285.0 286.0 1.0 8.4 North Zone
469.0 470.0 1.0 7.1 Main Zone
BA-18-48 458.5 459.8 1.3 12.6 North Zone
BA-18-49A 464.5 466.0 1.5 12.2 North Zone
BA-18-50 544.0 547.0 3.0 8.4 South Zone
BA-18-54 743.0 744.0 1.0 12.6 North Zone
781.0 783.7 2.7 15.3 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.
Please see http://bonterraresources.com/projects/gladiator-project/maps-sections/ for updated
maps including long sections and cross sections.
Bonterra Resources Quick Facts:
Well financed with approximately $65 million raised since 2017.
Strong Shareholder Base including: Eric Sprott, Van Eck, Kirkland Lake Gold
Gladiator Gold Deposit:
o Deposit extension and resource expansion underway with 60,000 m completed in 2017
and 70,000 m planned for 2018.
o Advancing to the completion of an updated NI 43-101 Mineral Res ource Estimate in
the Q4 2018.
o Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of
over 1,000 m below surface and a strike length of 1,300 m.
o Gladiator remains open in all directions, where at least six di stinct sub-parallel zones
or mineralized horizons have been identified.
o Drilling is currently focused on the continued expansion of Gla diator Gold Deposit
and exploration targets within the 10,541-hectare Urban-Barry property.
Larder Lake Gold Property:
o 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to
March 17, 2016 news release highlighting historical gold resource).
o Excellent access to three high grade gold deposits between Kirk land Lake and
Virginiatown.
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Robert Gagnon, P.Geo., has approved the information contained i n 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: [email protected]
Website: www.bonterraresources.com
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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 labour relations matters. This list is not exhau stive 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.