Vancouver, BC – March 29, 2016: BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that it has received assays from an additional five (5) holes from its 2016 Exploration and Drill Program on its 100% owned Gladiator Gold Project located north of Val d’Or, Québec. Two new high-grade mineralized zones have been discovered to the north (BA-16-02) and south (BA-16-05) of the extensions of the main deposits.
2016 Drilling Program Update and Highlights:
Nav Dhaliwal, President and CEO of BonTerra, stated: “We now have extended the zone of mineralization approximately 200 meters to the west of our existing deposit, and we continue to intersect grades higher than the existing resource model completed in 2012. Our technical team’s review of the geological system continues to be validated with recent drilling, with much data in process. Our recent strategic acquisition of key land positions along strike were completed to ensure we control what we believe to be one of the more interesting discoveries in the Abitibi Greenstone Belt.”
Dale Ginn, Vice President of Exploration of BonTerra, added: “Our winter drill program has, so far, been highly successful in extending our known deposits to west and to depth. Perhaps more significant has been the discovery of three new parallel zones, two of which have given extremely high-grade initial results over excellent widths. I look forward to expanding our knowledge of these new zones and to extending our drill program to the east over the spring and summer months.”
The western extension of the Gladiator Deposit was targeted based on interpretation of recent geophysical programs and extension of known data from the existing Gladiator zones. With the ice drilling program now complete for the winter season, the project will now focus for the month of April on gathering and compiling information from the new core as received to date and pending. The 30-day window will also allow time for a full interpretation of the initial 19 holes and complete a detailed report of the winter campaign. Upon completion, BonTerra’s technical team will define, target and prepare the next drilling campaign and summer surface work. This program is expected to continue with drilling the main zones, follow up and the recent discoveries, apply drilling in order to extend the deposits to the east, and to follow up on targets identified on the Coliseum Property to the west.
Complete Drill Hole Results:
|BA-16-02||11.0||55.0||44.0||0.4||New (North Shear 2)|
|79.0||137.0||58.0||2.5||New (North Shear 1)|
|Including||79.0||95.0||16.0||6.1||New (North Shear 1)|
|Including||79.0||84.0||5.0||15.3||New (North Shear 1)|
|Including||92.5||95.0||2.5||7.5||New (North Shear 1)|
*Stated lengths are core width as drilled, true widths have not yet been determined.
BonTerra Resources Quick Facts:
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice-President of Exploration for BonTerra and is a Qualified Person as defined by NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
BonTerra Resources Inc.
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This press release contains “forward-looking information” that is based on BonTerra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to BonTerra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause BonTerra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. BonTerra disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.