Bonterra Intersects 23.1 g/t Au over 2.3 m, Including
2872 Sullivan Road, Suite 2
Val‐d’Or, Quebec
Office: (819) 825‐8678
Bonterra Intersects 23.1 g/t Au over 2.3 m, Including
62.3 g/t Au over 0.8 m at Panache South Property
Val-d’Or, QC – March 1, 2022 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE:
9BR2) (“Bonterra” or the “Company”) is pleased to provide early exploration results from the regional
drilling campaign on the Panache South property located in the Urban-Barry township. The recent
drilling results confirm the exist ence of multiple high-grade g old mineralized veins with visible gold
observed in hole UB-21-24 returning 23.1 g/t Au over 2.3 metres (“m”), and 30.6 g/t over 1.5 m.
Highlights:
Hole UB-21-24: 23.1 g/t Au over 2.3 m, including 62.3 g/t Au ov er 0.8 m and 30.6 g/t Au over
1.5 m, including 91.4 g/t Au over 0.5 m (visible gold observed)
Hole UB-21-26: 5.5 g/t Au over 1.5 m, including 16.2 g/t Au over 0.5 m
Marc-Andre Pelletier, CEO comment ed: “These high-grade drilling results, in combination with the
historical results, demonstrate the potential of the Panache South property located in the prolific Urban-
Barry camp. To date, the exploration program at Panache South has delineated multiple high-grade
mineralized veins along three kilometers strike length. Bonter ra intends to continue its regional
exploration program in the Urban-Barry camp in 2022 with the objective to discover new mineralization
zones in addition to resource expansion and definition drilling at its more advanced deposits.’’
The recent exploration drilling targeted the expansion of existing gold mineralization interpreted to trend
east-northeast to east-west from the historical drilling. Pana che South historic values include 12.9 g/t
Au over 0.5 m and 3.16 g/t Au over 0.4m. A system consisting of several sub-parallel mineralized veins
was identified along a span of approximately three kilometres (See Figure 2).
Bonterra has drilled eight holes representing a total of 4,683 m at the Panache South property since
September 2021. Partial assay results from four drill holes ha ve been received thus far. Results from
the remaining four holes are pending (See Figures 1, 2 & 3 and Table 1).
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Figure 1 – Urban-Barry Regional Geology - Panache South
Figure 2 – Panache South Drill Hole Location Map
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The Panache South property is dominated by large, interlocking massive to pillowed basaltic rocks and
tuffaceous horizons with local gabbroic to dioritic and felsic intrusions. The western and southeastern
areas are occupied by a large intrusive mass of granodioritic composition. The southeast contact between
the mafic volcanics and the large intrusion is bound by a north east trending reverse dextral fault.
Mineralization at Panache South is hosted within a system of shear hosted quartz-calcite-chlorite veins
trending northeast with minor sulfides which include pyrite, pyrrhotite, chalcopyrite and gold.
Figure 3 – Panache South Cross-Section UB-21-24
Table 1: Significant mineralized intersections from drilling on the Panache Property
Hole ID From (m) To (m) Length (m) Grade (g/t Au) Target
UB-21-24 353.6 355.9 2.3 23.1 Panache South
including 353.6 354.4 0.8 62.3 Panache South
361.5 363 1.5 30.6 Panache South
Including 361.5 362 0.5 91.4 Panache South
UB-21-25 71.9 74 2.1 0.5 Panache South
UB-21-26 106.5 108 1.5 5.5 Panache South
Including 107.5 108 0.5 16.2 Panache South
UB-21-27 Results pending
UB-21-28 No significant values
UB-21-29 Results pending
UB-21-30 Results pending
UB-21-31 Results pending
1) The meterage represents the length of the drilled lengths.
2) True widths are estimated to be greater than 75% of the drill intersection length.
3) The mineralized intervals shown above use a 0.5 g/t Au cut-off grade.
4) Gold results obtained below <0.1 g/t Au are represented as no significant values.
Quality Control and Reporting Protocols
The Panache South Property’s drill core gold analyses are perfo rmed at the Company’s Bachelor Mine
analytical laboratory (the “Laboratory”). The Company employs a rigorous QA-QC analysis program
that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption
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finish. Blanks, duplicates, and ce rtified reference standards a re inserted into the sample stream to
monitor the Laboratory’s performance. The Company's QA-QC progr am requires that at least 10% of
samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals
laboratory facility located in Val-d'Or, Quebec. The verifications show a high degree of correlation with
the Laboratory’s results.
Qualified Person
Boris Artinian, P.Geo., (OGQ # 1546) Chief Geologist of the Company oversees all exploration activities
on the Panache South property and has compiled and approved the information contained in this press
release. Mr. Artinian is a qualified person as defined by National Instrument 43-101 (“NI-43-101”).
About Bonterra Resources Inc.
Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets
anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator,
Barry, Moroy, and Bachelor that collectively have a total of 1. 24 million ounces in Measured and
Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the
only permitted and operational gold mill in the region. Bonterra is focused on graduating from advanced
exploration to a development company over the next 24 months to deliver shareholder value.
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
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 news release contains "forw ard-looking information" within the meaning of the applicable Canadian securities
legislation that is based on expectations, estimates, projectio ns and interpretations as at the date of this news release. An y
statement that implies predictions, expectations, interpretations, opinions, plans, projections, objectives, assumptions, future
events or performance (often usi ng words such as “expects” or “ does not expect”, “is expected”, “interpreted”, “in
management's opinion”, “anticipates”, or “plans”, “budget”, “sc hedule”, “forecasts”, statements that certain actions, events
or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved) is not a statement of historical
fact and may constitute forward-looking information and is inte nded to identify forward-looking information. This news
release may contain forward-looking information relating to, am ong other things, the outlook for the Gladiator, Barry, and
Moroy projects; updated mineral resources; the deposit remainin g open laterally and at depth; and future drilling. These
factors include, but are not limited to, risks associated with the ability of exploration activities (including drilling results) to
accurately predict mineralization; the Company's ability to obt ain required approvals; the results of exploration activities;
risks associated with mining operations; global economic condit ions; metal prices; dilution; environmental risks; and
community and non-governmental actions. Although the forward-looking information contained in this news release is based
on assumptions that management believes are reasonable at the t ime of release, Bonterra cannot assure shareholders and
prospective purchasers of the Company's securities that actual results will be consistent with the forward-looking information,
as there may be other factors that cause results not to be as a nticipated, estimated or intended, and neither Bonterra nor any
other person assumes responsibility for the accuracy or completeness of forward-looking information. All statements made,
other than statements of historical fact, that address the Comp any's intentions and the events and developments that the
Company anticipates, are considered forward-looking statements. Although t he Company believe s t hat the e xpectations
expressed in such forward-looking statements are based on reaso nable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ from those in the forward-looking statements.