BonTerra Continues to Assay High Grade Gold
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/19/11 -- BonTerra Resources Inc. (TSX VENTURE: BTR) (FRANKFURT: 9BR) (the 'Company', 'BonTerra') has received assays for holes 27, 28, 30 & 31 on the Eastern Extension property (the 'Property') in Quebec. The highlight of these drill holes was BA-11-31 which assayed as high as 25.70 grams / tonne gold. The Property is situated 170km northeast of the gold mining city of Val d'Or, Quebec in the Abitibi Greenstone Belt.
All significant assays for the drill holes are shown in table 1. Table 2 details the locations of the four drill holes disclosed in this news release.
Recent 3D modeling of the Property suggests bonanza gold grades often found on this property are present where two or more veins meet, ideal conditions for concentrating gold. It appears these veins rich in gold persist throughout the mineralized area.
The Company anticipates that future drilling will continue to expand these vein systems. An example of this is the recently discovered Rivage Zone. The Rivage zone is situated 700 metres from the current drill program. This zone is characterized by a vein outcrop measuring two metres long and 0.20 metres wide. This vein assayed 204.0 g/t gold and 25.8 g/t silver in a chip sample. This sample was the only one taken at the outcrop. Further work is planned to increase the size of this vein including drilling the area this winter.
Mitchell Adam, President states, 'BonTerra continues to assay drill holes with significant gold mineralization. We believe that the cumulative total of all this drilling will begin to add considerable value for our shareholders.'
Table 1: Significant Drill Assays for the four drill holes
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DDH From To Length Gold Grade
(metres) (metres) (metres) (g/t)
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BA-11-31 37.00 38.00 1.00 1.44
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BA-11-31 148.00 149.00 1.00 2.20
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BA-11-31 144.5 181.00 36.50 1.02
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INCLUDING 169.00 181.00 12.00 2.85
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INCLUDING 169.00 175.20 6.20 5.25
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INCLUDING 174.00 175.20 1.20 25.70
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BA-11-31 286.50 299.00 12.50 2.06
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INCLUDING 287.50 288.50 1.00 25.40
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BA-11-31 440.20 441.00 0.80 1.77
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BA-11-31 463.00 467.00 4.00 2.25
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INCLUDING 463.00 464.00 1.00 5.02
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BA-11-30 172.40 173.00 0.60 3.84
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BA-11-30 183.20 190.00 6.80 0.81
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BA-11-30 239.00 240.00 1.00 1.66
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BA-11-30 297.60 299.00 1.40 1.06
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BA-11-30 308.50 315.20 6.70 2.68
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INCLUDING 310.70 314.20 3.50 5.05
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INCLUDING 310.70 311.20 0.50 32.40
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BA-11-27 284.00 285.00 1.00 8.89
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BA-11-28 206.55 207.29 0.74 1.04
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BA-11-28 270.30 270.80 0.50 1.37
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BA-11-28 291.30 291.80 0.50 1.15
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BA-11-28 349.00 350.00 1.00 1.55
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Geological Characteristics of the Gold Bearing Veins on the Eastern Extension
The target for all drilling on the Eastern Extension property is smoky quartz veins mineralized with sulphides (pyrite, pyrrhotite, chalcopyrite, sphalerite /- visible gold). Sulphides commonly compose 1-10% of the mineralized zones and can be as high as 50% locally. Alteration is most commonly silica, carbonate, chlorite, tourmaline, sericite and epidote. The combination of quartz veins, tourmaline, alteration types and sulphides is ideal for gold mineralization in the area. Sphalerite present in the quartz veins appears to be associated with the highest grade gold zones on the Property to date.
Qualified Person
This technical content of this press release has been reviewed and accepted by Thomas Clarke, Pr.Sci.Nat., a Director of BonTerra. Mr. Clarke is a Qualified Person under NI 43-101.
The drill program and sampling is being supervised on behalf of the Company by Geologica Inc. of Val d'Or, Quebec. These are sample results, taken from mineralized intervals of the drill holes. Depths and lengths are core lengths and not true widths. Gold intercepts disclosed in this news release are significant gold intercepts and not all the samples submitted for fire assay. Samples were submitted to ALS Chemex of Val d'Or, Quebec for crushing, pulverizing and fire-assay for gold. Samples fire-assaying greater than 10 grams per tonne gold are then fire-assayed with a gravimetric finish to establish the gold grade. Assay samples are taken from drill core, sawed in half along the core axis. One half is sent to ALS Chemex Laboratories and the other half retained by the Company for future reference. The Company applies a full quality assurance and quality control program (QAQC) system for every batch of samples submitted to the lab (gold standard, sample duplicate and blank).
Table 2: Location of the Drill Holes with Assays Disclosed in this News Release
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DDH Northing Easting Depth Azimuth Dip
Number (UTM NAD83) (UTM NAD83) (metres) (degrees) (degrees)
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BA-11-27 456267 5428273 450.30 160.0 -52
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BA-11-28 456163 5428210 399.00 155.8 -52
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BA-11-30 456170 5428259 468.09 179.2 -52
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BA-11-31 456195 5428149 495.00 162.6 -52
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About BonTerra Resources
BonTerra is a Canadian gold exploration company focused continuing to expand the drill defined gold zone on its Eastern Extension property, part of the world famous Abitibi Greenstone Belt in mining friendly Quebec. BonTerra has a total of three properties in the Urban-Barry belt, all gold exploration targets. BonTerra's Eastern Extension, Lavoie and Urban-Barry properties are located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Quebec.
Other Companies Exploring in the Urban-Barry Gold Camp
Neighboring companies in the region are Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana, Freewest and Key Gold. The Company has an option to earn 100% of the Eastern Extension property from Abitex Resources subject to a 2% NSR.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
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: (i) anticipates drilling will continue to expand certain veins; (ii) further work is planned to increase the size of the vein including drilling the area this winter; and (iii) believes that the cumulative total of all drilling will begin to add considerable value for the Company's shareholders. 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: (i) adverse market conditions; (ii) delays with respect to drill results or preparation of a resource calculation; and (iii) general uncertainties with respect to mineral exploration in general. 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.
Contacts:
BonTerra Resources Inc.
Mitchell Adam
President, Director
(604) 678-5308 or Toll Free: 1-855-678-5308
(604) 678-5309 (FAX)
info@bonterraresources.com
www.bonterraresources.com