BonTerra Intersects 64.3 g/t Gold Over 2.0 m in Rivage Gap; Strike Length of Gladiator Deposit Extended by 500 m to 1,200 m
Vancouver, BC – December 8, 2016: BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that the first two drill holes targeted within the “Rivage Gap” successfully located new high-grade gold mineralization, resulting in the addition of over 500 meters of strike length to the Gladiator Deposit. Drill hole BA-16-40 intersected 64.3 g/t over 2 meters at 130 m below surface while drill hole BA-16-42 intersected 8.7 g/t over 3 meters at over 300 meters below surface.
The “Rivage Gap”, with an approximate length of 500 meters, is an untested section beyond the western extension of the Gladiator gold zone. The successful intersection of gold mineralization in the Rivage Gap provides Bonterra confirmation that the strike length of the Gladiator Deposit has now been increased to over 1.2 kilometers from its previously drilled length of 700 meters and joins the Rivage Zone with the main Gladiator Zone.
Nav Dhaliwal, President and CEO of BonTerra, commented: “A re-interpretation by our geological team of the orientation of the Rivage Zone relative to the main zone has resulted in the confirmation that the Rivage is simply a strike extension of our Gladiator Deposit. This first attempt at joining the two zones has resulted in a significant strike extension to the Gladiator Gold Deposit. The “Gap”, noting its 500 meter strike length and being open to depth, provides an excellent opportunity to continue expanding the dimensions of the Gladiator Gold Deposit.”
Highlights and Observations:
- 2.0 m of 64.3 g/t Au in Hole BA-16-40 and 3.0 m of 8.7 g/t Au in Hole BA-16-42 in the “Rivage Gap”, an untested 500 meter extension of the Gladiator Deposit to the west.
- The Rivage Zone is now joined with the Gladiator Gold Deposit, indicating a current drilled strike length of 1,200 meters. The Gladiator Gold Deposit has been outlined to a depth of 650 meters below surface.
- The Rivage Zone was previously interpreted to be an isolated parallel zone with very limited information consisting of surface sampling and four drill holes.
- Core axis angles of the intersection contacts and surrounding rock units average 55 degrees.
*Stated lengths are core width as drilled, true widths have not yet been determined.
Please visit www.bonterraresources.com for updated long section and maps.
BonTerra Resources Quick Facts:
- 7,563-hectare (Gladiator Project) in the Urban-Barry Camp in Québec containing:
- Using a 4 g/t Au cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold. Of note, ~90% of the worlds operating mines have an average gold grade less than 8 g/t. Mineral Resource Estimate and technical report filed July 27, 2012, Snowden Mining Consultants.
- 2016 Exploration Program underway – up to 25,000 meters utilizing minimum of two drill rigs at its 100% owned Gladiator Gold Project to expand current gold resource.
- 2,165-hectare (Larder Property) in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice-President Exploration for 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.
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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. 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, 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.