BONTERRA MOBILIZES TWO DRILL RIGS ON MULTIPLE GOLD TARGETS
(firmenpresse) -
BONTERRA MOBILIZES TWO DRILL RIGS ON MULTIPLE GOLD TARGETS
Vancouver, BC – January 19, 2011: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company”, “BonTerra”) has mobilized two drill rigs on the Eastern Extension Property (the “Property”). Drilling will focus on expanding the known gold zone on the Property.
The Company is funded for this program thru the recently raised $2 million in flow through financing. The Company drilled nine holes on the Property in 2010. Of these, eight have hit gold with grades as high as 77.6 grams/tonne. Concurrently the Company will conduct a ground based magnetic (“mag”) and induced polarity (“IP”) surveys on both the Eastern Extension and the recently acquired Lavoie Property. All drilling, mag and IP surveys have been recommended by the recently completed and filed NI 43-101 technical report.
Mitchell Adam, President, states, “We are very confident in our properties, by securing and utilizing two drill rigs, we aim to potentially widen and lengthen the established high grade gold zone. Additionally we want to test as many targets as possible this winter prior to spring breakup and we envision successfully drilling 5000 metres to start to establish a NI 43-101 compliant gold resource on the property.”
The Company is in the process of creating a drill location map with previous holes drilled and with newly selected drill locations for the corporate website.
The Eastern Extension and Urban-Barry properties 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.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Thomas Clarke, Pr.Sci.Nat, a qualified person and a Director of the Company.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Mitchell Adam
Mitchell Adam
President, Director
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
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.
Leseranfragen:
BonTerra Resources Inc.
Suite 1130 - 789 W. Pender Street
Vancouver, B.C. V6C 1H2
Telephone: (604) 669-9330
Fax 604-669-9335
" alt="FIRST BAUXITE CORPORATION ANNOUNCES EXECUTION OF DEFINITIVE AGREEMENT WITH RESOURCE CAPITAL FUNDS FOR UP TO $28 MILLION FINANCING FACILITY AND CLOSES THE $8 MILLION TRANCHE 1 FINANCING WITH RESOURCE CAPITAL FUNDS">
" alt="FOUNDATION ACQUIRES 60% INTEREST IN COLDSTREAM PROJECT, ONTARIO / 6,000 METRE DRILL PROGRAM PLANNED">
Datum: 20.01.2011 - 16:10 Uhr
Sprache: Deutsch
News-ID 27469
Anzahl Zeichen: 0
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 218 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BONTERRA MOBILIZES TWO DRILL RIGS ON MULTIPLE GOLD TARGETS
"
steht unter der journalistisch-redaktionellen Verantwortung von
BonTerra Resources Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
