BonTerra Provides Property Update on Eastern Extension
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/31/12 -- BonTerra Resources Inc. (TSX VENTURE: BTR) (FRANKFURT: 9BR) (the "Company" or "BonTerra") is pleased to provide an update on its 100% owned Eastern Extension property (the "Property") located approximately 170 km northeast of Val d'Or, Quebec. BonTerra recently completed a prospecting program which aimed to check IP anomalies (conductors) associates with magnetic highs along the NE-SW structures.
BonTerra discovered two parallel structures identified on the magnetic map as well at the chargeability/resistivity map. These structures have been followed up and confirmed by BonTerra's geologist, Robert Gagnon and his team. The first structure intersects the Peninsula zone (calculation showed an inferred resource of 492,000 ounces of gold at 3.53 grams per tonne) with a shear continuous corridor and favorable to discovery of a new gold showing. Several mineralized samples were collected along the corridor and sent in to be sampled.
The second potential area contains a shear corridor which is parallel to the first but shifted to the North. This shear corridor contains a new showing called the Rivage that has returned 73.82 grams per tonne gold over 3.00 metres (May 10, 2012 news release). It is possible that a late stage structure could have moved and shifted the same shear. Additionally, several outcrops hosting tension and mineralized quartz pyrite-chalocoypyrite veins have been sampled along the second shear corridor.
The map below shows the distribution of samples and the projection of the structures and their continuities in the Peninsula area as well as in the Rivage area. In all, 30 mineralized samples were sent to the Val d'Or ALS Chemex Analysis Laboratory.
"The discovery of these parallel structures in our Peninsula and Rivage zone are exciting findings as we look to expand our drill targets for our upcoming drill program" stated Navjit Dhaliwal, BonTerra's President. "BonTerra's technical team is currently preparing to carry out the drilling program on the Property beginning this fall which will be aimed at these new targets".
Robert Gagnon, P.Geo (OGQ), of BonTerra, is a "Qualified Person" as that term is defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical content of this news release.
To view the map associated with this release, click the following link: http://media3.marketwire.com/docs/btr_map.pdf
About BonTerra Resources Inc.
BonTerra is a Canadian gold exploration company based in Vancouver, B.C. focused on continuing to expand the drill-defined gold zones on the 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 Property, the Lavoie property and the Urban-Barry property which are all located approximately 170 km northeast of Val-d'Or and approximately 125 km southwest of Chibougamau in the Urban, Barry and Bailly townships in Quebec.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Navjit Dhaliwal, 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. 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) delays with respect to drill results; (ii) the chip sample results, historical results, drill results and assays may not be representative of future results on the Property or of the extent of mineralization on other parts of the Property or of the continuity of mineralization, 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.
Navjit Dhaliwal
President, Director
(604) 678-5308
info@bonterraresources.com
www.bonterraresources.com