Bonterra Intersects 101.1 g/t Au over 3.9 m at Gladiator and 12.8 g/t Au over 5.6 m at Moroy
Bonterra Intersects 101.1 g/t Au over 3.9 m at Gladiator and 12.8 g/t Au
over 5.6 m at Moroy
VAL-D'OR, QC
,
June 12, 2019
/CNW/ -
Bonterra Resources Inc.
(TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1)
("Bonterra" or the "
Company
") is
pleased to announce drill results from the ongoing exploration campaign at its 100%-owned Gladiator, Moroy and Barry projects. The objective of the
current drilling campaign is to step out from known mineralization included in the Company's recently released mineral resource estimate on the three
projects.
Gladiator cross section (CNW Group/Bonterra Resources Inc.)
Gladiator
The current drilling at Gladiator extends gold mineralization on both the Barbeau and North Zones. Drill hole BA-19-40 intersected
101.1 g/t Au over
3.9
m
on the Barbeau zone, approximately
50 m
down-plunge of the known mineralization. Drill hole BA-19-37 intersected
8.1 g/t Au over
1.8 m
on the
North Zone, approximately
50 m
down-plunge of the known mineralization. See section for location.
Moroy
Ongoing exploration at the Moroy project includes both underground and surface drilling. Drill hole MY-19-155 intersected
12.8 g/t Au over
5.6 m
and
drill hole MY-19-158 intersected
12.2 g/t Au over
5.4 m
. This drilling has extended the known mineralization by
150 m
in the down-plunge direction.
Surface drilling also succeeded to extend the mineralization by
150 m
up-plunge with hole MO-19-227 that intersected
3.6 g/t Au over
2.3 m
.
The Moroy Deposit remains open at depth and along strike. See section for holes locations.
Barry
The current drilling campaign has extended known mineralization along strike and at depth on multiples zones. Hole MB-19-209 intersected
8.7 g/t Au
over
1.5 m
and
6.1 g/t Au over
2.0 m
on zone H1, approximately
75 m
deeper than known mineralization. In the same zone, Hole MB-19-211
extended H1 zone at depth by
250 m
with
6.3 g/t Au over
1.5 m
.
Hole MB-19-206 also extended mineralization by
200 m
at depth with
5.9 g/t Au over
1.5 m
. See sections for location.
Drilling highlights:
Project
Drillhole
From
To
Length (m)*
Au (g/t)
Gladiator
BA-19-37
440.0
441.8
1.8
8.1
BA-19-39
366.0
367.5
1.5
5.5
BA-19-40
570.1
574.0
3.9
101.1
Barry
MB-19-206
283.5
285.4
1.9
3.1
MB-19-206
341.1
342.9
1.8
3.5
MB-19-206
592.9
594.4
1.5
5.9
MB-19-207
154.3
155.9
1.6
4.15
MB-19-209
118.7
120.2
1.5
8.7
MB-19-209
137.8
139.8
2.0
6.1
MB-19-209
206.7
210.9
4.2
5.1
MB-19-211
453.7
455.2
1.5
6.3
Moroy
MO-19-227
306.5
308.8
2.3
3.6
MY-19-155
256.3
261.9
5.6
12.8
MY-19-158
70.5
75.9
5.4
12.2
*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.
Greg Gibson
, Chairman and Interim CEO commented: "These recent encouraging drill results bode well for the expansion of the current resource. The
Company now has five drill rigs working on the current exploration-drilling program on its three projects with multiple targets currently being tested to
expand the gold mineralization footprint."
Bonterra Resources Quick Facts:
Control of three high-grade gold deposits (Gladiator, Barry and Moroy) and significant regional targets
100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region
Strong shareholder base including Wexford,
Eric Sprott
and
Kirkland Lake Gold
Property-wide NI 43-101 Mineral Resource Estimate recently updated with a combined resource of 55,000 Oz Au Measured, 643,000 Oz Au
Indicated and 1,405,000 oz Au Inferred.
Quality Control and Reporting Protocols
Bonterra estimates that the actual thicknesses of the mineralized intersections are between 65% and 80% of the core lengths. No capping grade is used
at this stage. 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 5% 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.
Qualified Person
Pascal Hamelin
, P.Eng. has approved the information contained in this release. Mr. Hamelin, Bonterra's VP Operations, is a Qualified Person as defined
by NI 43-101.
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. 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 legal proceedings and Bonterra's successful contest thereof.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause Bonterra's actual achievements to be materially different from those expressed or implied by such
forward-looking information. Such factors include but are not limited to uncertainties of the outcome of legal proceedings. 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.
Barry cross section 2 (CNW Group/Bonterra Resources Inc.)
Barry cross section (CNW Group/Bonterra Resources Inc.)
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For further information:
Interim Chief Executive Officer: Greg Gibson, 819-825-8678 | [email protected], 2872 Sullivan Road, Suite 2, Val d'Or, Quebec
J9P 0B9, 819-825-8678, Website: www.btrgold.com
CO: Bonterra Resources Inc.
CNW 06:00e 12-JUN-19