High Grade Gold Zone Extended With Assays up to 41.20 G/T
VANCOUVER, BC -- (Marketwire) -- 01/12/11 --
BonTerra Resources Inc. /
HIGH GRADE GOLD ZONE EXTENDED WITH ASSAYS UP TO 41.20 G/T
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The issuer is solely responsible for the content of this announcement.
BONTERRA RESOURCES INC.
Suite 4006 - 1011 West Cordova Street
Vancouver, British Columbia, V6C 0B2
Telephone: (604) 678-5308
TSX.V SYMBOL - BTR
FSE SYMBOL - 9BR
BonTerra Resources Inc. (TSXV: BTR; FSE:
9BR) (the 'Company', 'BonTerra') has received final gold assays from ALS
Chemex
for the two drill holes completed before Christmas. These holes were
drilled
with the intention of extending the known mineralized zone on the
Eastern
Extension. BA-10-08 assayed 14.84 grams/tonne ('g/t') gold over 7
metres, the
highest sample grading 31.20 g/t. BA-10-09 assayed 4.71 g/t gold over
11.75
metres with the highest sample being 41.20 g/t. Both BA-10-08 and
BA-10-09 extend the known length (strike) of the gold zone. All known gold
intercepts are
shown in the two tables below.
DRILL HOLE BA-10-08 GOLD INTERCEPTS
--------- -------- ------ -------- ------ -------- ------ ------- -------
|Drill | From |From | To | To | Length |Length|Gold(g/|Gold(Oz|
|Hole |(metres)|(ft) |(metres)|(ft) |(metres)|(ft) | tonne)| /ton)|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|BA-10-08 | 119.00|390.42| 126.00|413.39| 7.00| 22.97| 14.84| 0.43|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|Including| 122.00|400.26| 123.00|403.54| 1.00| 3.28| 31.20| 0.91|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|Including| 124.00|406.82| 125.00|410.10| 1.00| 3.28| 30.50| 0.89|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|Including| 121.00|396.98| 125.00|410.10| 4.00| 13.12| 19.61| 0.57|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|BA-10-08 | 16.00| 52.49| 18.00| 59.06| 2.00| 6.56| 2.25| 0.07|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|BA-10-08 | 33.00|108.27| 35.00|114.83| 2.00| 6.56| 5.21| 0.15|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|BA-10-08 | 58.00|190.29| 74.00|242.78| 16.00| 52.49| 1.89| 0.06|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|BA-10-08 | 85.00|278.87| 86.00|282.15| 1.00| 3.28| 6.08| 0.18|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|BA-10-08 | 102.00|334.64| 105.00|344.49| 3.00| 9.84| 1.89| 0.06|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|BA-10-08 | 146.00|479.00| 150.00|492.13| 4.00| 13.12| 3.30| 0.10|
--------- -------- ------ -------- ------ -------- ------ ------- -------
DRILL HOLE BA-10-09 GOLD INTERCEPTS
--------- -------- ------ -------- ------ -------- ------ ------- -------
|Drill | From | From | To | To | Length |Length|Gold(g/|Gold(Oz|
|Hole |(metres)|(feet)|(metres)|(feet)|(metres)|(feet)|(tonne)|/ton) |
--------- -------- ------ -------- ------ -------- ------ ------- -------
|BA-10-09 | 66.25|217.36| 78.00|255.91| 11.75| 38.55| 4.71| 0.14|
--------- -------- ------ -------- ------ -------- ------ ------- -------
|Including| 77.00|252.62| 78.00|255.91| 1.00| 3.28| 41.20| 1.2|
--------- -------- ------ -------- ------ -------- -------------- -------
|BA-10-09 | 35.10|115.16| 37.00|121.39| 1.90| 6.23| 2.24| 0.07|
--------- -------- ------ -------- ------ -------- ------ ------- -------
The drill program on the Eastern Extension has included a total of 9
holes
(1358.35 metres) to date. Eight of these holes have intercepted gold
zones
present in quartz veins mineralized with sulphides.
Mitchell Adam, President, states, 'BonTerra is very excited to hit
continued
high grade gold values in both of the last two holes. This increases the
size of
the known mineralized zone.'
To date the holes drilled on the Eastern Extension property have
intercepted
zones of smoky quartz veins mineralized with sulphides (pyrite,
pyrrhotite &
chalcopyrite with sphalerite observed locally). Sulphides commonly
compose
1-10% of the mineralized zones and can be as high as 25% locally.
Alteration is
most commonly silica, carbonate, chlorite, tourmaline and sericite.
The
combination of quartz veins, tourmaline, alteration types and sulphides is
ideal
for gold mineralization in the area.
Subsequent drilling will operate out of BonTerra's camp and likely include
using
two rigs to aggressively drill the Eastern Extension property. Further
drilling
will be conducted with the sole goal to extend the known gold zone.
The Eastern Extension property is located approximately 170 km NE of
Val-d'Or
and 125 km SW of Chibougamau in the Barry and Bailly townships in the
Abitibi
Greenstone Belt, Québec. BonTerra's Urban-Barry property is situated
just west
of the Eastern Extension property. Neighboring companies in the
region are
Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana and Freewest,
Murgor
and Noront. The Company has an option to earn 100% of the Eastern
Extension
property subject to a 2% NSR.
The Company has chosen to employ a full quality assurance and quality
control
(QAQC) system for every batch of samples submitted to the lab. The QAQC
samples
include a standard, duplicate and blank. Geologica Inc. of Val d'Or,
Québec is
responsible for overseeing the drill and sampling program on behalf
of the
Company.
The technical information in this news release has been prepared in
accordance
with the Canadian regulatory requirements set out in National Instrument
43-101
and reviewed on behalf of the Company by Thomas Clarke, Pr.Sci.Nat, a
qualified
person and a Director of the Company.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Mitchell Adam
Mitchell Adam
President, Director
This press release contains projections and forward-looking information
that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements
based on current
expectations involving a number of risks and uncertainties and are
not
guarantees of future performance of the Company such as the statement
that the
Company is planning a second phase drill program, utilizing two rigs to
continue
advancing the property. Sample lengths are core lengths. There are
numerous
risks and uncertainties that could cause actual results and the Company's
plans
and objectives to differ materially from those expressed in the
forward-looking information, including: adverse market conditions; a
decrease in demand for and
price of gold; general uncertainties with respect to mineral
exploration in
general; and inability to raise required financing. Actual results and
future
events could differ materially from those anticipated in such information.
These
and all subsequent written and oral forward-looking information are
based on
estimates and opinions of management on the dates they are made
and are
expressly qualified in their entirety by this notice. Except as required by
law,
the Company does not intend to update these forward-looking statements.
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.
--- End of Message ---
BonTerra Resources Inc.
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: BonTerra Resources Inc. via Thomson Reuters ONE
[HUG#1479045]
For further information contact:
Mitchell Adam
www.bonterraresources.com
Tel: (604) 678-5308
fax: (604) 678-5309
Toll Free: 1-855-678-5308