BONTERRA MOBILIZES TWO DRILL RIGS ON MULTIPLE GOLD TARGETS
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BonTerra Resources Inc. /
BONTERRA MOBILIZES TWO DRILL RIGS ON MULTIPLE GOLD TARGETS
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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 TSX.V SYMBOL - BTR
FSE SYMBOL - 9BR
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.
--- End of Message ---
BonTerra Resources Inc.
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
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originality of the information contained therein.
Source: BonTerra Resources Inc. via Thomson Reuters ONE
[HUG#1480654]
Datum: 19.01.2011 - 09:30 Uhr
Sprache: Deutsch
News-ID 50559
Anzahl Zeichen: 4125
contact information:
Kategorie:
Business News
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