Bonterra Resources Inc. : Bonterra Intercepts Two Mineralized Structures in the First Hole Drilled Into the Rivage Vein, Eastern Extension
VANCOUVER, BC -- (Marketwire) -- 04/04/12 --
BonTerra Resources Inc. /
BonTerra Resources Inc. : BONTERRA INTERCEPTS TWO MINERALIZED STRUCTURES IN
THE
FIRST HOLE DRILLED INTO THE RIVAGE VEIN, EASTERN EXTENSION
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The issuer is solely responsible for the content of this announcement.
Suite 4006 - 1011 West Cordova Street
Vancouver, B.C. V6C 0B2
Telephone: (604) 678-5308
Fax: (604) 678-5309
TSX.V - BTR
FSE - 9BR
BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR)
(the "Company", "BonTerra") announces the continued progression of its
third
phase of drilling on the Eastern Extension property. In addition to the
initial
five completed holes reported earlier, BonTerra has completed four more
holes on
the Property. The core from these four latest holes is currently being
logged
and sawed to be submitted to AGAT Labs ("AGAT") to be assayed for gold and
base
metals. One of these four holes was drilled into the Rivage Zone
("Rivage"). The
Rivage is situated 700 metres to the southwest of the primary drilling area
and
a chip sample taken from outcrop of the Rivage vein in the fall of 2011
assayed
204 grams/tonne ("g/t") gold. The Rivage mineralization, like the high
grade
vein 700 metres to the northeast generally includes visible gold, pyrite,
chalcopyrite and sphalerite. The combination of visible gold and sphalerite
within smoked and altered quartz veins is of utmost importance for the
discovery
of bonanza gold grades on the Property. The characteristics of the Rivage
appear
to be identical to the high grade vein that BonTerra has been drilling 700
metres to the northeast.
The discovery of both sphalerite and visible gold in drill core at 190
metres
below the surface in BA-12-10 has inspired BonTerra to continue drilling
this
area. A second mineralized structure approximately 15 metres in width was
discovered in the same drill hole at the Rivage. This second and deeper
zone
ranges from 255 to 270 vertical metres below the surface. This second zone
contains 5% sulphides (pyrrhotite + pyrite + chalcopyrite) at the lower
contact
of the gabbro intrusion. Mineralized zones in the Rivage have been
discovered at
the surface (204 g/t gold), at 190 metres and now 270 metres below the
surface.
Due to the prospective nature of the first hole drilled into the Rivage, a
second hole is being drilled underneath it to try and trace the Rivage to
even
greater vertical depths. BonTerra continues drilling the Rivage with the
goal
of expanding this new zone. Incorporating the Rivage Zone will expand the
strike
length of the Property to approximately 1,250 metres.
In addition to the potential 1,250 metre strike length the Rivage would
create,
management believes there is potential to add yet another 500 metres of
strike
to the northeast for a total of 1,750 metres based on the presence of a
historical drill hole drilled in 1998 by Xemac Resources ("Xemac"). This
historical drill hole is collared approximately 500 metres to the east of
the
current drilling area. The highest grade sample taken from this historical
drill hole (non NI 43-101 Compliant) assayed 89.73 ("g/t") gold over 0.61
metres
within a zone assaying 12.2 g/t gold over 4.60 metres. A qualified person
has
not done sufficient work to verify the historical samples. BonTerra is not
relying on the historical results. The historical results may not be
indicative
of future results on the Property. Management plans to drill this eastern
target to verify and upgrade historical results and to determine the
presence of
mineralized zones, if any, and whether the eastern target may contain
results
similar to those being discovered half a kilometre to the west.
Navjit Dhaliwal, President states "This property continues to reward us as
BonTerra has advanced it from one of historical merit to one of great value
in a
year and a half. Hitting two mineralized zones in our first exploration
hole
into the Rivage Zone, with one of these two zones containing visible gold
exceeded BonTerra's expectations. As a result of the success of this drill
hole,
BonTerra is planning on drilling two more holes into this structure. When
examining the geology of the Property, we have what appears to be an
example of
Abitibi high-grade gold mineralization. We are optimistic about the future
as
BonTerra works towards a gold resource calculation and have numerous holes
being
assayed at this time."
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.
About BonTerra Resources
BonTerra is a Canadian gold exploration company based in Vancouver, BC.
BonTerra
is focused on continuing to expand the drill defined gold zones on its
Eastern
Extension property, part of the world famous Abitibi Greenstone Belt in
mining
friendly Quebec. BonTerra has a total of three gold properties in the
Urban-
Barry belt, the Eastern Extension, Lavoie and Urban-Barry properties which
are
located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in
the
Urban, Barry and Bailly townships in Qu?bec.
The Company owns 100% of the Property subject to a 2% NSR which is held by
Abitex Resources. 1% of this NSR can be purchased for a sum of $500,000.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/Navjit Dhaliwal
Navjit Dhaliwal
President, Director
(604) 678-5308
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: (i)
the Rivage may be traced to greater vertical depths (ii) there is potential
to
add another 500 metres of strike to the northeast for a total of 1,750
metres
(iii) there is potential for further expansion to the northwest (iv)
management
believes the eastern target appears to echo what is being discovered half a
kilometre to the west and BonTerra plans to drill the eastern target to
validate
this hypothesis in the future (v) BonTerra is planning on drilling two more
holes into the Rivage Zone (vi) BonTerra is working towards a gold
resources
calculation. 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; (iii) the chip sample results and historical results
are
not representative of future results on the Property, and (iv) 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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
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#1600016]
For further information contact:
Navjit Dhaliwal
Email Contact
www.bonterraresources.com
Tel: (604) 678-5308