BonTerra Significantly Extends East Plunge of the Gladiator Deposit by 250 Meters with 5.5 m of 70 g/t Gold
Vancouver, BC – November 16, 2016: BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that it has significantly extended its Gladiator Gold Zones by over 250 m down plunge and to the east with multiple intersections of high grades and meaningful widths. Assays from an additional seven (7) holes from its 2016 Exploration and Drill Program on its 100% owned Gladiator Gold Project located north of Val d’Or, Québec have been received from the eastern extension and are reported below. Drilling continues with one rig on the deep eastern portion of the deposit while a second rig has been added and is underway at the west end strike extension toward the Rivage zone (see attached longitudinal section). A number of holes are in various stages of processing ie. logging and assaying from both drills.
Highlights and Observations:
- Drill Hole BA-16-39, targeting the lowest and easternmost extents of the Gladiator zones, generated multiple gold bearing horizons including a high grade intersection of 70.0 g/t over 5.5 meters at the eastern extent of the deposit and at over 600 meters in depth below surface. Drill BA-16-38, located the zone an additional 50 meters lower in depth and 100 meters to the east, intersected 12.4 g/t over 4.0 meters.
- Drill holes 31, 38 and 39 also intersected the Main Zone below an eastern plunging mineralized felsic porphyritic unit that appears to coincide with the overall plunge of the deposit.
- Mineralization consists of pyrite, sphalerite and free visible gold contained within quartz veining and alteration near or at a mafic contact with the felsic porphyry.
- Core axis angles of the intersection contacts and surrounding rock units vary between 45 to 65 degrees.
- The drilled dimensions of the Gladiator Deposits, to-date, are outlined to a depth of 650 meters below surface. Current strike length has now been drilled to 700 meters in length
- The company is set to begin drilling the gap between the Rivage zone to the west and the Main zones in order to demonstrate a potential total strike length of over 1,200 meters.
Nav Dhaliwal, President and CEO of BonTerra, commented: “On the back of our very successful winter drilling campaign that significantly expanded the Gladiator Gold Deposit to the west, we made the decision to concentrate on extending the east side and depth extensions of the deposit at a measured pace with one drill rig. This strategy has resulted in two major milestones: A major extension of grade and width eastward and to depth, and a much better understanding of the excellent continuity and predictability of the west side leading us to add an additional drill rig with the intention of proving that the Gladiator Gold Deposit could exceed 1,000 meters in strike length.”
*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.
Dale Ginn, Vice President Exploration of BonTerra, added: “Our 2016 winter drilling campaign has proven that our Gladiator Gold Zones exhibit excellent continuity to the west and to depth. Our followup drill program was completed with the intention to methodically explore the eastern extensions at a measured pace over the summer months, while conducting ground geophysical and geochemical till programs over a majority of the large Bonterra land package. This summer’s drilling program has matured greatly our understanding of the deposit and has given us the confidence to take a more aggressive stance on further strike length and depth expansion drilling this coming winter. The down plunge results are a further confirmation of the strength and potential breadth of this mineralized system. Our technical team looks forward to expanding this deposit to the west, east and to depth this winter. ”
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.