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BonTerra Resources Intersects Multiple Gold Zones Within Rivage Gap Western Extension of the Gladiator Deposit

02.02.2017  |  The Newswire
Including 3.8 m at 16.8 g/t Gold

Vancouver, February 2, 2017: BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "BonTerra") is pleased to announce positive drilling results from the "Rivage Gap Western Extension" of the Gladiator Deposit that continues to identify multiple high-grade horizons, as well as newly-discovered more broadly mineralized zones.

Highlights and Observations:

  • -Hole BA-16-48 encountered multiple high grade intersections in the "Rivage Gap", including intersections in the Main Zone and the Footwall Zone with the following results:

    • -3.8 m grading 16.8 g/t Au (Main Zone) at ~275 meters below surface.

      -1.0 m grading 14.9 g/t Au (Footwall Zone) at ~225 meters below surface.

    -Drilling at the "Rivage Gap", a 600 meter long stretch of the Gladiator Deposit to the west contains limited drill information to-date, and continues to demonstrate excellent continuity in multiple horizons between the Gladiator Deposit and the Rivage Zone. The continuity identified at the Gladiator Deposit currently indicates a total drilled strike length to date on multiple horizons of 1,200 meters, and to a depth of 650 meters below surface. The Rivage Zone had previously been interpreted to be a distinct and separate zone. The Gladiator Deposit remains open in all directions.

    -Hole BA-16-47 also discovered a new gold zone to the south of the deposit at 300 meters below surface with 3 m of 2.0 g/t, as well as two mineralized zones of approximately 10 m at 0.6 g/t on either side of the new zone.

    -Two (2) drill rigs are currently operating with a third drill rig pending. Drilling is currently focused on the Deep East Zone and the Rivage Gap western side.

Dale Ginn, Vice-President Exploration of BonTerra, stated: "The Rivage Gap represents a significant opportunity to increase the overall size of the Gladiator deposit in multiple horizons. Reworking the geological model by BonTerra has been successful in opening up the mineral potential in this section, and we are now confirming our interpretation from this drilling. Our technical team is currently focused on this 600 meter plus stretch of the west side, and the Rivage area will be drilled intensly over the coming months, with a goal of increasing the overall size of the Deposit, its contained ounces, and thus rewarding our shareholders."

Hole

From

(m)

To

(m)

Length*

(m)

Grade

(g/t Au)

Zone/Area

BA-16-47

254.0

255.0

1.0

5.6

Main

376.0

379.0

3.0

2.0

New

BA-16-48

358.0

359.0

1.0

14.9

Footwall

394.0

397.8

3.8

16.8

Main

  • -*Stated lengths are core width as drilled, true widths have not yet been determined. Core axis angles of the intersection contacts and surrounding rock units average 55 degrees.

All intersections from the above table are located near the known western and deepest limits of the Rivage gap area of the Gladiator Deposit. The high grade Main and Footwall Zones are near the contact between mafic volcanic units and a mineralized felsic porphyritic intrusive.

Please visit www.bonterraresources.com for updated long section and and cross section.

BonTerra Resources Quick Facts:

  • -7,563-hectare (Gladiator Project) in the Urban-Barry Camp in Quebec 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.

      -2016/17 Exploration/Resource Development 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.

    -Resource Development Program underway at its 2,165-hectare (Larder Lake Gold 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.

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.

Copyright (c) 2017 TheNewswire - All rights reserved.

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