Bonterra intersects 14.6 g/t Au over 4.6 m at Gladiator
Bonterra intersects 14.6 g/t Au over 4.6 m at
Gladiator
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.
New Q1 Drilling Highlights (CNW Group/Bonterra Resources Inc.)
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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Bonterra Resources Inc.
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For further information:
Investor relations: Gary Nassif, 819-279-3551 | [email protected]; 2872
Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9, 819-825-8676 | Website: www.bonterraresources.com
CO: Bonterra Resources Inc.
CNW 11:55e 04-APR-19