BONTERRA RECEIVES ASSAYS FROM HOLE BA-10-03
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BonTerra Resources Inc. /
BONTERRA RECEIVES ASSAYS FROM HOLE BA-10-03
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BONTERRA RESOURCES INC.
Suite 1130 - 789 West Pender Street
Vancouver, British Columbia, V6C 1H2
Telephone: (604) 669-9330
TSX.V SYMBOL - BTR
FSE SYMBOL - 9BR
Vancouver, BC - November 16, 2010: BonTerra Resources Inc. (TSXV: BTR; FSE:
9BR) (the "Company", "BonTerra") announces the receipt of its assays from its
drill program on the Eastern Extension property, Quebec. The Company has three
additional holes out for assay. The Company has received gold assay values for
BA-10-03 which has two distinct mineralized zones denoted as upper and lower
zones. Both of these zones include one sample with a grade of greater than 60
grams per tonne gold. The upper zone intercept includes a sample which is 64.60
grams per tonne gold over 0.80 metres. The lower zone includes one high grade
sample which assayed 76.10 grams per tonne gold over 0.75 metres. BA-10-03 is
situated approximately 34 metres from BA-10-01. BA-10-01 assayed 13.50 metres at
17.06 grams per tonne. BA-10-03 is also situated approximately 20 metres from
BA-10-02 which assayed 7.73 metres at 21.24 grams per tonne.
The upper zone assayed 39.49 grams per tonne gold over 1.80 metres. The lower
zone is over three times thicker than the upper zone. This lower zone assayed
12.70 grams per tonne gold over 6.75 metres. The top of the upper mineralized
zone is 83.80 metres down hole while the top of the lower zone is 127.25 metres
down hole.
The following tables outline the drill intercepts. These are sample results, the
Company sampled mineralized zones of the holes and future holes will be
disclosed once assays are received. The drill program is drilled using AQ sized
core. The Company is also planning on constructing a winter camp and planning a
second phase drill program this coming winter to continue advancing this
exciting property.
DRILL HOLE BA-10-03 UPPER ZONE GOLD INTERCEPTS
+---------+-----+-----+--------+-----------------+------+------+------+--------+
| Drill |From | To | Length | Gold | From | To |Length| Gold |
| | | | | | | | | |
| Hole ID | (m) | (m) |(metres)| (grams per | (ft) | (ft) |(feet)|(Oz/ton)|
| | | | | tonne) | | | | |
+---------+-----+-----+--------+-----------------+------+------+------+--------+
|BA-10-03 |83.80|85.60| 1.80 | 39.49 |274.93|280.84| 5.91 | 1.15 |
+---------+-----+-----+--------+-----------------+------+------+------+--------+
|INCLUDING|84.80|85.60| 0.80 | 64.60 |278.22|280.84| 2.62 | 1.88 |
+---------+-----+-----+--------+-----------------+------+------+------+--------+
DRILL HOLE BA-10-03 LOWER ZONE GOLD INTERCEPTS
+---------+------+------+--------+---------------+------+------+------+--------+
| Drill | From | To | Length | Gold | From | To |Length| Gold |
| | | | | | | | | |
| Hole ID | (m) | (m) |(metres)| (grams per | (ft) | (ft) |(feet)|(Oz/ton)|
| | | | | tonne) | | | | |
+---------+------+------+--------+---------------+------+------+------+--------+
|BA-10-03 |127.25|134.00| 6.75 | 12.70 |417.49|439.63|22.13 | 0.37 |
+---------+------+------+--------+---------------+------+------+------+--------+
|INCLUDING|127.25|128.00| 0.75 | 76.10 |417.49|419.95| 2.45 | 2.22 |
+---------+------+------+--------+---------------+------+------+------+--------+
Mitchell Adam, President, states, "We are excited to continue receiving high
assay values in every hole so far on this drill program"
To date the holes drilled on the Eastern Extension property have intercepted
zones of smoky quartz veins mineralized with sulphides (pyrite, pyrrhotite and
chalcopyrite with sphalerite observed locally). Sulphides commonly compose 1-7%
of the mineralized zones and can be as high as 21% (83.90-85.42). Alteration is
most commonly silica, carbonate, chlorite, tourmaline and sericite. The
combination of quartz veins, tourmaline, alteration and sulphides is ideal for
gold mineralization in the area.
The Company has chosen to employ a full quality assurance and quality control
(QAQC) system for every batch of samples submitted to the lab. The QAQC samples
include a standard, duplicate and blank. The Company has recently completed
drilling the final drill hole on the Eastern Extension property (BA-10-07). This
was the last hole the Company has planned for the first phase of drilling on its
properties in the area. Geologica Inc. of Val d'Or, Québec is responsible for
overseeing the drill and sampling program on behalf of the Company.
The Eastern Extension property is located approximately 170 km NE of Val-d'Or
and 125 km SW of Chibougamau in the Barry and Bailly townships in the Abitibi
Greenstone Belt, Québec. BonTerra's Urban-Barry property is situated just west
of the Eastern Extension property. Neighboring companies in the region are
Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana and Freewest, Murgor
and Noront. The Company has an option to earn 100% of the Eastern Extension
property subject to a 2% NSR.
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 issuer.
DRILL COLLAR LOCATIONS OF BA-10-03
+--------+-----------+-----------------+-----+---------------+-------+---------+
| Drill | Easting |North (UTM Nad83)|Elev.|Total Depth (m)|Azimuth| Dip |
| | | | | | | |
| Hole |(UTM Nad83)| | (m) | | |(degrees)|
+--------+-----------+-----------------+-----+---------------+-------+---------+
|BA-10-03| 456183 | 5428106 | 392 | 210.00 | 160° | -48° |
+--------+-----------+-----------------+-----+---------------+-------+---------+
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Mitchell Adam
Mitchell Adam
President, Director
For further information contact:
Mitchell Adam
info(at)bonterraresources.com
www.bonterraresources.com
Tel: (604) 669-9330
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 the
Company is planning a winter camp and second phase drill program to continue
advancing the property. 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) a decrease in demand for and price of gold; (iii)
general uncertainties with respect to mineral exploration in general; and (v)
inability to raise required financing. 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.
[HUG#1462829]
--- End of Message ---
BonTerra Resources Inc.
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Source: BonTerra Resources Inc. via Thomson Reuters ONE
Datum: 16.11.2010 - 09:01 Uhr
Sprache: Deutsch
News-ID 48807
Anzahl Zeichen: 10211
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Kategorie:
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