Bonterra Expands Exploration Program at Gladiator Gold Deposit
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Vancouver, BC V6C 3L6
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Bonterra Expands Exploration Program at Gladiator Gold Deposit
Vancouver, BC – January 22, 2017 : Bonterra Resources Inc. (TSX-V: BTR, US: BONXF,
FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that the 2018 winter
drilling program is underway at th e Gladiator Gold Project. Aft er completing more than 60,000
meters in 2017, the Company plans to drill 30,000 meters during the winter drill program and more
than 70,000 meters in 2018. The winter drilling program include s mobilizing two additional
diamond drills, for a total of six on the project.
Nav Dhaliwal, President and CEO of Bonterra stated, “As the expansion of the resource
development program at the Gladiator Gold Deposit continues, Bonterra prepares for its most
aggressive quarter to date. Our current winter drilling program goes to highlight the potential
expansion of our Gladiator Gold Project. We are planning a minimum drill program of 70,000
meters for 2018 alone. Bonterra’s management remains quite excited for the 2018 calendar year.”
The expanded program will include four drills, focused on the e xtension and definition of the
Gladiator Gold Deposit. Approximately 20% of the planned meters will be drilled outside of the
deposit, at targets highlighted f rom exploration activities con ducted in 2017. Similarly, multiple
target areas, have been identified to the east and west of the Gladiator Gold Deposit. Additional
meters will also be allocated for exploration drilling, pending success in the initial phase of the
campaign.
The winter drilling program further includes the first metallur gical testing to be completed at the
Gladiator Gold Deposit. Results from the metallurgical study ar e expected in the second quarter
of 2018. The Company continues to advance the completion of an updated NI 43-101 Mineral
Resource Estimate in the second half of 2018. The updated resou rce estimate will include more
than 100,000 meters of additional drilling since the existing resource was completed in 2012.
Bonterra Resources Quick Facts:
Well financed with $40 million raised in 2017.
Strong Shareholder Base: Eric Sprott (10%), Van Eck Gold Fund (12%), Kirkland Lake
Gold (9.5%).
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
second half of 2018, which is anticipated to include up to an a dditional 100,000 m of
drilling from 2012 through 2018.
o Drilled dimensions of the Gladiator Deposit are currently outlined to a depth of 1,200
m below surface and a strike length of 1,200 m.
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o Gladiator remains open in all directions, where at least five d istinct subparallel zones
or mineralized horizons have been identified.
o Drilling currently focused the extension and definition of the Gladiator 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.
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
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 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.