BonTerra Resources Inc. : PHASE III DRILLING IS UNDERWAY ON THE EASTERN EXTENSION &
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BonTerra Resources Inc. : PHASE III DRILLING IS UNDERWAY ON THE EASTERN
EXTENSION &
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Suite 4006 - 1011 West Cordova Street
Vancouver, B.C. V6C 0B2
Telephone: (604) 678-5308
Fax: (604) 678-5309
TSXV: BTR
FSE: 9BR
PHASE III DRILLING IS UNDERWAY ON THE EASTERN EXTENSION & BONTERRA COMPLETES
THE FIRST FIVE DRILL HOLES ON THE ICE
Vancouver, BC - March 15, 2012: BonTerra Resources Inc. (TSX.V: BTR; FSE: 9BR)
(the "Company", "BonTerra") continues drilling on its Eastern Extension property
(the "Property") which is situated approximately 170 kilometres northeast of Val
d'Or, Quebec. To date, BonTerra has completed five drill holes on the ice.
Samples from these holes are being sent to AGAT Labs to be assayed for gold.
These drill holes targeted the series of five mineralized veins that management
believes run across the Property. Consistent with previously reported samples,
the field geologist has advised the Company that visible gold was observed in
the quartz vein samples. BonTerra has not yet been able to confirm this
although, as disclosed on numerous occasions, visible gold has been present in
prior samples from the Property's mineralized veins.
There are three primary goals of the Phase III Drill Program. The first being
to strategically drill as many holes on the ice as possible to grow the size and
potential of the mineralized zone of the Peninsula Zone, a zone characterized by
a high to very high magnetic signature. The second focus is to drill the Rivage
Zone, a vein discovered by BonTerra as a chip sample assayed 204 g/t gold and
attempt to establish a link with the Peninsula Zone. Thirdly is carrying out
additional drilling activities to establish an increased mineralized zone.
Last year BonTerra drilled a series of deep holes (as deep as 708 metres) to
increase the mineralized zone for the pending NI 43-101 compliant gold resource
calculation (the "Calculation"). It is now the intent of the Company to focus
on strike extension followed up by infill drilling.
In order to ensure a timely completion of the Calculation, this third phase of
drilling will not be integrated into the Calculation. Instead, management
intends to add these new holes at a later date into an updated resource
calculation once drilling this series of primary drill targets on and off the
ice is completed in the future.
Nav Dhaliwal, President states, "We are very pleased to have closed our private
placement with an overwhelming response in this challenging market. The Company
is very enthusiastic about getting on the ice this winter. The information from
this will be invaluable to understanding the geology and structure as well as to
grow the mineralized zone containing the high grade gold bearing veins on the
Property. The continued success of this program demonstrates the
professionalism of our team."
Qualified Person
The technical content of this press release has been reviewed and accepted by
Thomas Clarke, Pr.Sci.Nat., a Director of BonTerra. Mr. Clarke is a Qualified
Person under NI 43-101.
About BonTerra Resources
BonTerra is a Canadian gold exploration company based in Vancouver, BC. BonTerra
is focused on continuing to expand the drill defined gold zones on its Eastern
Extension property, part of the world famous Abitibi Greenstone Belt in mining
friendly Quebec. BonTerra has a total of three gold properties in the Urban-
Barry belt, the Eastern Extension, Lavoie and Urban-Barry properties which are
located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the
Urban, Barry and Bailly townships in Québec.
BonTerra has an option to earn 100% of the Eastern Extension property from
Abitex Resources subject to a 2% NSR.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Navjit Dhaliwal
Navjit Dhaliwal
President, Director
(604) 678-5308
For further information contact:
info(at)bonterraresources.com
www.bonterraresources.com
Tel: (604) 678-5308
Fax: (604) 678-5309
Toll Free: 1-855-678-5308
This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such forward-
looking information can include without limitation statements based on current
expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Company, such as the statement that: (i)
management believes that the five mineralized zones run across the Property;
(ii) the Company plans to link the Rivage and Peninsula Zones; (iii) the Company
intends to carry out additional drilling to establish an increased mineralized
zone; (iv) the Company intends to focus on strike extension and infill drilling;
and (v) the Company intends to add new holes at a later date into an updated
resource estimate once drilling is complete. There are numerous risks and
uncertainties that could cause actual results and the Company's plans and
objectives to differ materially from those expressed in the forward-looking
information, including: (i) adverse market conditions; (ii) delays with respect
to drill results or preparation of a resource calculation; and (iii) general
uncertainties with respect to mineral exploration in general. Actual results and
future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates they
are made and are expressly qualified in their entirety by this notice. Except as
required by law, the Company does not intend to update these forward-looking
statements.
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 announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: BonTerra Resources Inc. via Thomson Reuters ONE
[HUG#1594227]
Datum: 15.03.2012 - 11:00 Uhr
Sprache: Deutsch
News-ID 125101
Anzahl Zeichen: 7673
contact information:
Kategorie:
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