Bonterra Provides Corporate Update on its Urban Barry Projects
1680‐200 Burrard Street
Vancouver, BC V6C 3L6
Office: 604.678.5308
TF: 855.678.5308
www.bonterraresources.com
Bonterra Provides Corporate Update on its Urban Barry Projects
Vancouver, BC – October 10, 2018: Bonterra Resources Inc. (TSX-V: BTR, OTCQX:
BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to provide a corporate update
following the completion of the acquisition of Metanor Resource s Inc. and plans to develop the
exploration and mining assets in the Urban Barry. With the recent consolidation of mill, mine, pre-
production and exploration assets , Bonterra intends to accelera te development of the Gladiator,
Moroy and Barry deposits, while expanding the capacity of the Urban Barry Mill.
The Urban Barry Mill is the only permitted mill in the region, with more than 15 high-grade gold
deposits within a 110 km radius of the mill site. The mill is accessible by a paved highway with a
network of logging roads linking th e other properties in the ar ea to feed the mill. Bonterra will
undertake a mill expansion project in order to increase the production capacity of the Urban Barry
mill from 1,200 tpd to 2,400 tpd. Construction on the mill expa nsion is expected to be completed
in 2019, allowing a shortened timeline to production for the Barry, Moroy and Gladiator deposits.
The Barry Deposit is permitted for initial mine development access and bulk samp ling, with
decline and cross cut development currently underway. Recent dr illing has resulted in the
expansion of high-grade areas down plunge at each known strike extent. Bonterra expects to
rapidly increase the size of the Barry Deposit especially at depth, given that very little drilling has
previously taken place below 300 meters depth over a one km str ike length. An updated mineral
resource estimate is expected for Q4 2018.
The Moroy Deposit is a recent discovery at the Urban Barry Mill property with ac cess via the
Bachelor Lake Mine. Current development consists of three sub-d rifts and a series of raises,
accessed from the 11th level at Bachelor Lake. Extensive drill information exists fro m surface as
well as from the 11 th level to a depth of approximately 2,000 feet, effectively resu lting in the
existence of two unmined parallel mineralized zones that have n ot as of yet been quantified.
Exploration and development continue at the Moroy deposit with a mineral resource estimate
planned to be completed early in 2019.
Bonterra will update the mineral resource estimate at the Gladiator Deposit over the next month.
The Company is initiating permitting in order to develop a decline and complete a bulk sample at
the deposit over the next year. W ith significant exploration po tential for expansion, drilling will
continue at the deposit, which remains open in all directions. Bonterra recently discovered a new
high-grade gold zone 200 m to the north of the deposit with 27.4 g/t Au over 7.0 m (see Bonterra
news release dated September 19, 2018). The recent option agree ment with Beaufield Resources
on the Duke property has allowed for larger step out drilling a t the deposit. Other showings and
mineralized zones are also being prioritized for upcoming drill ing including the Two Lions Zone
and the Moss showings.
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Please see http://www.bonterrare sources.com/_resources/corporate-presentation.pdf for the
Company’s updated corporate presentation.
Bonterra Resources Quick Facts:
Control of three advanced high- grade gold deposits (Gladiator, Moroy, 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
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 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.