Vancouver, BC – July 11, 2018: Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the latest drilling results from the ongoing Resource Development Program at the Gladiator Gold Deposit, including an intersection of 30.5 g/t Au over 2.0 m, increasing the down plunge size of the South Zone high-grade extent, and demonstrating continuity of mineralization.
Highlights and Observations:
“The resource development program continues to be extremely successful in terms of the extension of mineralized zones and in terms of demonstrating high grades throughout. Most significantly however is how well we have shown continuity down dip and along strike for all five of the primary zones to date. High grades that were encountered on both the west side of the deposit and the down plunge of the east side are obviously significant to the deposit as a whole,”commented Nav Dhaliwal, President and CEO of Bonterra.
Positive drilling results in both the Rivage area and eastern part of the deposit continue to increase the dimensions of known mineralization. The resource development program continues with five drills at the deposit focused on infill and step-out drilling in preparation for the updated mineral resource estimate in Q4 2018.
*Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees.
Please see http://bonterraresources.com/projects/gladiator-project/maps-sections/ for updated maps including long sections and cross sections.
Bonterra Resources Quick Facts:
Robert Gagnon, P.Geo., has approved the information contained in this release. Mr. Gagnon is a director of 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.
For further information on Bonterra, contact Investor Relations
Telephone: 1 844 233 2034
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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.