Bonterra’s Winter Drill Program Discovers 6th Parallel Gold Zone at the Gladiator Gold Deposit
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Bonterra’s Winter Drill Program Discovers 6th Parallel Gold Zone
at the Gladiator Gold Deposit
Vancouver, BC – April 9, 2018: Bonterra Resources Inc. (TSX -V: BTR, OTCQX: BONXF,
FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the first significant
intersections of a new “sixth parallel” gold zone at the Gladia tor Gold Deposit. This newly
discovered gold zone, located approximately 50 m south of the Barbeau Zone, is para llel to and
geologically similar to the other five mineralized zones curren tly modelled at the expanding
deposit. Additional drilling is now underway to test further to the south to intercept and expand
this new zone. The ongoing drilling campaign, which will total ~70,000 m in 2018, includes infill
and expansion drilling at the Gladiator Gold Deposit. Multiple drill holes are in the lab with assays
pending.
Highlights and Observations:
A new gold zone was recently discovered in Hole BA-18-09, at the Gladiator Gold
Deposit, with 11.8 g/t Au over 2.6 m intercepted south of the Barbeau Zone, increasing
the number distinct mineralized gold zones to six.
Infill drill results continue to demonstrate the continuity of the deposit, highlighting the
predictability of the mineralized zones.
Hole BA-18-12 intersected 16.3 g/t Au over 3.4 m at the South Zone at 266 m depth. This
intersection continues to confirm the continuity of the South Z one on the western side of
the Gladiator Deposit.
Hole BA-18-11 intersected high-grade gold in five mineralized z ones, including 10.1 g/t
Au over 2.4 m in the Barbeau Zone. This highlights the predictability of mul tiple
mineralized zones and validates the geological model.
Hole BA-18-10A intersected 16.5 g/t Au over 2.2 m in the Main Zone and confirms the
continuous nature of the modelled mineralized zones.
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 1,000+ m.
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Hole From
(m)
To
(m)
Length*
(m)
Grade
(g/t Au)
Zone/Area
BA-18-09 170.0 172.0 2.0 3.9 North
BA-18-09 375.7 377.0 1.3 5.9 FW
BA-18-09 438.0 439.1 1.1 3.5 Main
BA-18-09 764.0 766.6 2.6 11.8 New
BA-18-10A 681.5 683.7 2.2 16.5 Main
BA-18-11 61.5 63.0 1.5 4.9 Main
BA-18-11 103.0 105.0 2.0 8.5 South
BA-18-11 118.8 120.4 1.6 7.7 South
BA-18-11 177.0 179.4 2.4 10.1 Barbeau
BA-18-11 308.0 310.0 2.0 6.4 New
BA-18-12 266.0 269.4 3.4 16.3 South
*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://www.bonterraresources.com/en/gladiator/maps-s ections for updated maps
including long sections and cross sections.
Bonterra Resources Quick Facts:
Well financed with approximately $60 million raised in past 12 months.
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 second half of 2018.
o Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of
1,000 m below surface, and a strike length of 1,200 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
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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
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information, whether as a result of new information, future events or otherwise.