Bonterra Intersects 101.1 g/t Au over 3.9 m at Gladiator and 12.8 g/t Au over 5.6 m at Moroy

by pnationtalk on June 12, 201955 Views

Val-d’Or, QC – June 12, 2019 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1)(“Bonterra” or the “Company”) is pleased to announce drill results from the ongoing exploration campaign at its 100%-owned Gladiator, Moroy and Barry projects. The objective of the current drilling campaign is to step out from known mineralization included in the Company’s recently released mineral resource estimate on the three projects.

Gladiator

The current drilling at Gladiator extends gold mineralization on both the Barbeau and North Zones.  Drill hole BA-19-40 intersected 101.1 g/t Au over 3.9 m on the Barbeau zone, approximately 50 m down-plunge of the known mineralization.  Drill hole BA-19-37 intersected 8.1 g/t Au over 1.8 m on the North Zone, approximately 50 m down-plunge of the known mineralization.  See section for location.

Moroy

Ongoing exploration at the Moroy project includes both underground and surface drilling. Drill hole MY-19-155 intersected 12.8 g/t Au over 5.6 m and drill hole MY-19-158 intersected 12.2 g/t Au over 5.4 m. This drilling has extended the known mineralization by 150 m in the down-plunge direction.  Surface drilling also succeeded to extend the mineralization by 150 m up-plunge with hole MO-19-227 that intersected 3.6 g/t Au over 2.3 m.  TheMoroy Deposit remains open at depth and along strike.  See section for holes locations.

Barry

The current drilling campaign has extended known mineralization along strike and at depth on multiples zones. Hole MB-19-209 intersected 8.7 g/t Au over 1.5 m and 6.1 g/t Au  over  2.0 m on zone H1, approximately 75 m deeper than known mineralization.  In the same zone, Hole MB-19-211 extended H1 zone at depth by 250 m with 6.3 g/t Au over 1.5 m.  Hole MB-19-206 also extended mineralization by 200 m at depth with 5.9 g/t Au over 1.5 m.  See sections for location.

Drilling highlights

*Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths.  Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees.

Greg Gibson, Chairman and Interim CEO commented: “These recent encouraging drill results bode well for the expansion of the current resource. The Company now has five drill rigs working on the current exploration-drilling program on its three projects with multiple targets currently being tested to expand the gold mineralization footprint.”

Bonterra Resources Quick Facts:

  • Control of three high-grade gold deposits (Gladiator, Barry and Moroy) and significant regional targets
  • 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region
  • Strong shareholder base including Wexford, Eric Sprott and Kirkland Lake Gold
  • Property-wide NI 43-101 Mineral Resource Estimate recently updated with a combined resource of 55,000 Oz Au Measured, 643,000 Oz Au Indicated and 1,405,000 oz Au Inferred.

Quality Control and Reporting Protocols

Bonterra estimates that the actual thicknesses of the mineralized intersections are between 65% and 80% of the core lengths. No capping grade is used at this stage.  The Company uses a rigorous QA-QC analytical program according to industry standards. The analytical results were done by pyroanalysis (A.A.) at the mine laboratory. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance.  The company’s QA-QC analytical verification program requires that a minimum of 5% of the samples be audited at an independent laboratory.  These audit assays were sent to ALS laboratory located in Val-d’Or, Quebec. The results of the audits are consistent with those obtained.

Qualified Person

Pascal Hamelin, P.Eng. has approved the information contained in this release.  Mr. Hamelin, Bonterra’s VP Operations, is a Qualified Person as defined by NI 43-101.

FOR ADDITIONAL INFORMATION:

Interim Chief Executive Officer: Greg Gibson
819-825-8678 | ir@btrgold.com

NT4

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