Vancouver, BC – December 6, 2018: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXD, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the latest drilling results from the ongoing resource development program at the Gladiator Deposit, including intersections of 11.4 g/t Au over 2.5 m north of the deposit and 13.7 g/t Au over 7.3 m at the Main zone. The ongoing resource development program at the Gladiator deposit includes definition, expansion and exploration drilling. Exploration drilling is focused on deposit extension onto the Duke optioned property as the Company is now earning 70% of this ground from Osisko Mining (see BTR news release dated May 23, 2018). Multiple new high-grade intersections were discovered north of the deposit extending the width of the deposit up to 300 m to the north.
Highlights and Observations:
The ongoing resource development program continues to expand and define the Gladiator Gold Deposit ahead of the upcoming mineral resource estimate. One drill remains active at the Gladiator Deposit to expand the footprint of the known mineralization at the new Titan zone discovery (see BTR news release dated November 20, 2018). The Gladiator deposit remains open in all directions.
*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.
Bonterra Resources Quick Facts:
Quality Assurance and Quality Control:
Bonterra estimates that the true thickness of mineralized intervals is between 60-80% of stated core lengths. No capping grade has been applied. NQ-sized drill core is saw cut with half of the interval sampled for analysis at ALS Laboratories in Val d’Or, Quebec, and the remaining half is stored at the Gladiator project site. Sample intervals are selected based on geological criteria including lithology, mineralization and alteration. Blanks and certified reference standards are inserted every 25 samples. The Company employs a QA/QC program consistent with NI 43-101 and industry best practices.
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.
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 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 labor 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.