PHASE TWO DRILLING TARGETS EXPANSION OF HIGH GRADE GOLD ZONE, EASTERN EXTENSION PROPERTY, QUEBEC
(Thomson Reuters ONE) -
BonTerra Resources Inc. /
PHASE TWO DRILLING TARGETS EXPANSION OF HIGH GRADE GOLD ZONE, EASTERN EXTENSION
PROPERTY, QUEBEC
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BONTERRA RESOURCES INC.
Suite 4006 - 1011 West Cordova Street
Vancouver, British Columbia, V6C 0B2
Telephone: (604) 678-5308
TSX.V SYMBOL - BTR
FSE SYMBOL - 9BR
Vancouver, BC - December 16, 2010: BonTerra Resources Inc. (TSXV: BTR; FSE:
9BR) (the "Company", "BonTerra") announces the second phase of drilling is
underway on the discovery zone of the Eastern Extension property.
This program is composed of three holes with planned depths of 200 metres each.
These three holes are being drilled to test the strike extension of the first
phase of drilling. The first phase of drilling identified high grade gold values
in the first three holes. As reported in a news release dated November 9, 2010
BA-10-01 returned 17.06 g/t gold over 13.50 metres while BA-10-02 assayed 21.24
g/t gold over 7.73 metres. BonTerra continues its work to expand the size of
this known high grade gold zone on the Eastern Extension. It is the intent of
the Company to release the results of all three of these holes in January.
The Company also intends to drill additional targets on the property as well as
the discovery zone. Lines are currently being cut for a winter ground based
magnetic and IP surveys. These surveys will also aid in guiding further drilling
on the Eastern Extension Property. The Company also announces it has completed
the construction of its winter camp on the property. All exploration in the
region will be based out of BonTerra's new camp.
Mitchell Adam, President, states, "We are excited about the pace of the work
programs in the Urban-Barry belt. It is a testament to the many partnerships the
Company has been developing in the area. BonTerra looks forward to receiving
assays from these three holes in the new year. BonTerra will continue to
aggressively advance the property through both diamond drilling and geophysics."
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 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. Geologica Inc. of Val d'Or, Québec is
responsible for overseeing the drill and sampling program on behalf of the
Company.
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:
Mitchell Adam
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 BonTerra such as the statement that: (i)
BonTerra believes the proposed property is on strike with its current drill
program; and (ii) BonTerra may close the acquisition and receive approval from
the TSX Venture Exchange. There are numerous risks and uncertainties that could
cause actual results and BonTerra's plans and objectives to differ materially
from those expressed in the forward-looking information, including: (i) BonTerra
receiving approval from the TSX Venture Exchange; (ii) the parties closing the
property acquisition agreement; (iii) adverse market conditions; (iv) a decrease
in demand for and price of gold; (v) 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, BonTerra 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.
--- End of Message ---
BonTerra Resources Inc.
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
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#1473108]
Datum: 16.12.2010 - 09:02 Uhr
Sprache: Deutsch
News-ID 49778
Anzahl Zeichen: 6894
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Kategorie:
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