Vancouver, BC – February 6, 2018: Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that the ongoing resource development program at the Gladiator Gold Deposit has extended the North, Footwall and Main Zones by 200 m down plunge to the east. High-grade intersections identified in step-out drilling east of the known mineralization demonstrates the potential for further expansion of the Gladiator Deposit, which remains open in all directions.
Bonterra continues to advance the development of the Gladiator Gold Deposit through definition drilling across all mineralized horizons. Follow up on previous step-out drilling has led to significant results at multiple zones, including 26.7 g/t Au over 3.1 m at the North Zone and 15.8 g/t Au over 3.3 m at the Main Zone.
Dale Ginn, VP Exploration, stated, “Bonterra once again delivers strong results from its resource development program at the Gladiator Gold Deposit. To that effect, we currently have four drills at the deposit to continue with step-out and definition drilling. Recent drill results highlight both the predictability of the mineralized zones and the potential for further expansion of high grade ore shoots at depth. The current step-out drilling demonstrates the potential to expand the Gladiator Deposit, which remains open in all directions.”
Highlights and Observations:
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://www.bonterraresources.com/en/gladiator/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.