Bonterra Resources Announces Strategic Appointment of Vice President of Exploration
Vancouver, BC – November 12, 2015: Bonterra Resources Inc. (TSX-V: BTR) (the “Company” or “Bonterra”) is pleased to announce the appointment of Mr. R. Dale Ginn as the Company’s Vice President of Exploration. Mr. Ginn was previously appointed a Director of Bonterra on March 19, 2015.
Nav Dhaliwal, President and CEO, stated: “As Bonterra continues to uncover the significant potential of our 100% owned Gladiator Project and ensures that the market understands what we believe will be the next exciting gold project in the Abitibi Gold Belt, Mr. Ginn brings the key elements to ensure we execute and are successful. With his extensive geological understanding of structurally controlled deposits and hands-on experience and leadership, he will be tasked to oversee the Company’s exploration activities in Québec.”
Mr. Ginn is an experienced mining executive and geologist of nearly 30 years. He is the founder of two exploration and mining companies and has led and participated in numerous gold and base metal discoveries, many of which have gone into production. While specializing in complex, structurally- controlled gold deposits, he also has extensive mine-operations, development and startup experience. Mr. Ginn is recognized as an advocate of First Nations and local community participation in mining and exploration. Mr. Ginn’s career has included mine and exploration geology, mine management and various executive roles. He is currently the Vice-President of Kerr Mines Inc. and Chief Executive Officer of SGX Resources Inc. and was a founder of San Gold Corporation and Chief Executive Officer until 2010. Prior to that, he held positions with Harmony Gold, Hudbay, Westmin, Goldcorp and Granges Exploration. Mr. Ginn is a registered professional geologist in Manitoba and Ontario and is a graduate of the University of Manitoba.
Bonterra Resources Quick Facts:
- Currently drilling at its 100% owned Gladiator Gold Project to expand current gold resource.
- First hole intersected 14.1 g/t Au over 6.6m (announced November 4, 2015)
- Located in the Abitibi Greenstone Belt in mining-friendly Quebec.
- Using a 4 g/t cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t for 273,000 ounces of gold. Of note, ~90% of the worlds operating mines have an average gold grade less than 8 g/t.
- ~35 million shares outstanding and debt free.
- Most recent financing: ~$2.5 million (Oban Mining Corp. [TSX-V: OBM] became largest shareholder at 19% holdings - see news release dated July 7, 2015).
- The Gladiator Project is located in the Urban-Barry Greenstone Belt and is comprised of three properties: West Arena, East Arena, and Coliseum Properties.
- The Gladiator Project is located approximately 170 km northeast of Val-d’Or south of the Windfall Lake gold deposit, and southeast of the Bachelor and Barry gold deposits.
For further information, please contact Nav Dhaliwal, President, at email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
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", "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.