Bonterra Receives Ice Permits for Drill Program
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/24/13 -- BonTerra Resources Inc. (TSX VENTURE: BTR) (FRANKFURT: 9BR) (the "Company" or "BonTerra") is pleased to announce that it has received the ice permits necessary to proceed with the upcoming drill program at its 100% owned Eastern Extension Property, in Val D'Or, Quebec. As the Company works to expand upon previous drilling and the NI 43-101 resource, drilling will proceed to the west, where gold mineralization is open along strike. A shallow lake of about 6-8 feet deep covers the new target area, making it straightforward for drilling on ice in the winter months.
"The drillers are ready to proceed with our planned drill program, now that the ice permits are in place," explained Nav Dhaliwal, CEO of Bonterra. "Our geologic team sees magnetic highs combined with IP anomalies in this new target area very similar to the ones showing in our current resource estimate, so we are excited to continue drilling along strike to expand upon the Eastern Extension property."
Eastern Extension Property
The Eastern Extension Property sits on a large NE-SW deformation corridor in the Urban-Barry area on the Abitibi Greenstone Belt. This large-scaled shear zone crosses a mafic lava flow series interbedded with gabbro sills. The discovery made by Bonterra in 2012, known as the Rivage zone ( 73 grams per tonne Au over 3 metres; 23 grams per tonne Au over 1 metre), highlights the presence of secondary mineralized trends indicating the potential to explore up to 5 kilometres of deformation zone on the Eastern Extension and Urban-Barry Properties.
The economic potential is based on high grade mineralized quartz veins such as mesothermal lode gold deposits. These veins are related to the deformation corridor with nearby late felsic intrusive plugs. The deformation zone is well identified by a strong schistosity and a typical sericitic alteration.
The Eastern Extension peninsula deposit constitutes eight continuous quartz-tourmaline tension veins. These veins bear free gold, sphalerite, galena and chalcopyrite. The IP and high magnetic anomalies and the anomalous grades in the historical holes (Performed by Abitex in 1998) show strong potential to pursue the gold bearing body to the west.
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.
About BonTerra Resources
BonTerra is a Canadian exploration company, with a large land package spanning three gold properties in the prolific Abitibi Greenstone Belt, Quebec. The current exploration program is focused on the Eastern Extension property, to expand the drill defined high-grade gold zones and the recent NI 43-101 resource estimate of 492,000 ounces gold at an average grade of 3.53 grams per tonne gold. The three gold properties: Eastern Extension, Lavoie and Urban-Barry, are located in a mining-friendly, gold-rich area just 170 kilometres northeast of Val-d'Or, Quebec. The highly focused management and geologic teams hold extensive knowledge of the area and recognize the necessary steps for advancement.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Navjit Dhaliwal President, Director
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
Director
(604) 678-5308
info@bonterraresources.com
www.bonterraresources.com