Bonterra Discovers New High-Grade Vein on the Panache Property in the Urban Barry Region
2872 Sullivan Rd Suite 2
Val‐d’Or, Quebec
Office: (819) 825‐8678
Bonterra Discovers New High-Grade Vein
on the Panache Property in the Urban Barry Region
Val-d’Or, QC – September 30, 2020 – Bonterra Resources Inc. (TS X-V: BTR, OTCQX:
BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce very encouraging
results from the surface exploration campaign on its recently acquired Panache property.
In March 2019, the Company acquired the Panache property consisting of 1 claim which features
a historic gold showing grading 21.9 g/t Au over 0.4 metres (“m”). (figures 1 and 2).
Figure 1 Location of the Panache Property
The Panache property is located north of the Urban Barry greens t o n e b e l t a l o n g t h e U r b a n
deformation corridor (figure 2) . T h e G l a d i a t o r a n d B a r r y p r o j ects are located 20 kilometres
(“km”) southeast and 13 km south of the Panache property respectively (figure 1).
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Figure 2 Thubière Claim Group Geological Setting
Figure 3: Panache and New Discovery Outcrop Location
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In the summer of 2020, Bonterra mechanically stripped a high-gr ade gold quartz vein, known as
the Boudreault Vein outcrop located 135 m northeast of the Pana che Showing
(figure 3). The northwest-southeast oriented vein, ranging in width from 20 centimeters to 1.5 m,
was stripped over a length of 60 m (figure 4). There were 20 grab samples collected, of which 17
samples were taken from the vein itself (figure 4). The grades of the 17 samples taken directly
from the vein range from 1.1 g/t Au to 79.2 g/t Au, with 8 samples with grades greater than 10 g/t
Au (figure 4). Following these results, the 5 channels spaced about 10 m apart were taken from
the stripped area (figure 4). A total of 48 channel samples fr om 0.4 m to 1.5 m in length were
collected for a total length sa mpled of 33.2 m. The best resul t was 18.6 g/t Au over 1 m from
channel 4. The outcropping vein has a sub-vertical dip, thus t he reported thicknesses is equal to
the true thicknesses.
Table 1: Channel Results
Channel Au (g/t) (m)
Channel 1 5.3 0.55
Channel 2 2.9 2.6
Including 4.9 0.7
Channel 3 4.4 2.6
Including 12.8 0.85
Channel 4 18.6 1.0
Channel 5 4.6 1.35
The newly discovered vein is contained in a narrow shear zone o f 1 m to 2 m wide intersecting
mafic rocks of the Urban Formation (figure 4). The average she ar orientation is N290. The vein
is composed of saccharoidal quartz and contains traces of sulph ides. Very fine visible gold is
observed in a quartz matrix. N umerous drag-folds are observed on the vein with hinges dipping
70 degrees to the southeast para llel with the observed stretchi ng lineations. Quartzofeldspathic
porphyritic intrusions of decimetric size oriented parallel to the east-west regional fabric locally
intersect the shear (figure 4). This geological context is ide ntical to that of the Panache Showing
located 135 m southwest of the new discovery vein.
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Table 2: Grab Sample Results
Sample X (UTM NAD83 Z18) Y (UTM NAD83 Z18) Au (g/t)
S378710 439572 5438845 79.20
S378101 439575 5438844 21.65
S378102 439576 5438844 30.25
S378103 439569 5438847 15.60
S378104 439569 5438847 20.25
S378105 439577 5438843 0.03
X881301 439564 5438848 5.58
X881302 439562 5438849 15.50
X881303 439560 5438851 6.53
X881304 439555 5438852 18.00
X881305 439555 5438852 8.16
X881306 439561 5438848 2.42
X881307 439563 5438849 14.90
X881308 439565 5438846 0.08
X881309 439556 5438832 <0.01
X881310 439543 5438856 8.55
X881311 439542 5438856 5.24
X881312 439539 5438860 2.23
X881313 439535 5438862 1.82
X881314 439540 5438860 1.10
Figure 4: Boudreault Vein Map of stripping
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In July 2020, Bonterra commissioned Prospectair to conduct a hi gh definition airborne magnetic
survey on the Panache and Thubière properties. The Thubière pr operty is located 5.5 km east of
the Lake Thubière northeast showin g which returned a drilling r esult of 13.7 g/t Au over 1.2 m
(figure 2).
The Company plans to drill a minimum of 1,500 m on the Panache property with the primary
objective of exploring the latera l and depth continuity of the Panache showing and the newly
discovered high-grade gold quartz vein. The drill program will also test the possibility of finding
other parallel veins based in particular on the interpretation of the airborne magnetic survey. The
relationship between the discovered vein and the east-northeast and west-southwest oriented Urban
deformation corridor will also be assessed.
Pascal Hamelin, Interim CEO and VP, Operations commented: “Thes e very encouraging results
in this newly explored area of the Urban Barry belt support the assumption that this region’s gold
potential is high. This bodes well for Bonterra with over 38,000 hectares in the region.”
Quality control and reporting protocols
The Panache claims gold analysis is performed at the Bachelor M ine Analysis Laboratory. The
analytical results were carried out by fire assay (A.A.) in the mine laboratory. The Company's
QA-QC analytical verification program requires that at least 10 % of samples be audited in an
independent laboratory. These ver ification tests were sent to the ALS laboratory located in Val-
d'Or, Quebec. The results of the audits are consistent with those obtained.
Qualified persons
Boris Artinian, P.Geo., Chief Geologist of the Company oversees all exploration activities on the
Panache Claims. Mr. Artinian is a qualified person as defined by National Instrument 43-101
(“NI-43-101”). Marc Ducharme, P.Geo. and Bonterra’s Principal Geologist , approved the
information contained in this press release. Mr. Ducharme is a Qualified Person as defined by NI
43-101.
FOR ADDITIONAL INFORMATION:
Pascal Hamelin, Interim CEO and VP Operations
2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8678 | Website: www.btrgold.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.
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. T his forward-looking information includes namely,
information with respect to the planned exploration programs an d 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 clas sed as a category of mineral resource. The potential
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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, perform ance 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 market s, environmental and other judicial, regulatory,
political and competitive developments; technological or operat ional difficulties or inability to obtain permits
encountered in connection with exploration activities; and labo ur 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.