BonTerra Resources (TSXV:BTR) Intercepts 169.9 Metres Grading 0.73 Grams Per Tonne Gold and is Featured in Resourcexinvestor.com Report - Video Summary Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, August 9, 2011 - BonTerra Resources (TSXV:BTR)
(FSE:9BR) intercepts 169.9 metres grading 0.73 grams per tonne gold and is
featured in a Resourcexinvestor.com Report.
BonTerra, a Canadian gold exploration company, is focused on expanding the known
gold zone on its 100% owned Eastern Extension property, part of the world famous
Abitibi Greenstone Belt of Quebec.
InvestmentPitch.com has posted a "video news alert" based on the
Resourcexinvestor.com report. If this link is not enabled, please visit
www.investmentpitch.com and enter "BonTerra" in the search box.
Highlights from the Resourcexinvestor.com report:
According to the report, BonTerra has reached a significant milestone with its
Eastern Extension property in mining-friendly Quebec, Canada. The junior company
has just completed 10,112 metres, and drilled 40 holes, as part of its diamond
drill program on the Eastern Extension gold property. Over the past year of
drilling, 4,300 samples were sent to be assayed for gold and the results are now
trickling in, demonstrating the impressively high calibre of the Easter
Extension property and the Urban-Barry Greenstone Belt. Since acquiring the
property in 2010, the company spent approximately $2 million on a multi-faceted
work program.
BonTerra received complete gold assays from hole BA-11-10, the hole with the
widest gold intercept the company has discovered to date, and, to the best of
the company's knowledge, the hole with the widest ever gold intercept on the
Urban-Barry belt. The zone, which was encountered at the 167 metre level, is
169.7 metres in width and assays 0.73 grams per tonne gold - an expansive gold
intercept believed to be approximately 12.5 times wider than the original gold
zone discovered in BA-10-01 last November.
BonTerra also assayed several samples over 1 gram per tonne between 440 and 508
metres down hole, at greater depths than previously known. This deepening of the
mineralized zone by 115 metres creates additional tonnage for the anticipated
resource calculation.
BonTerra President Mitchell Adam stated, " BonTerra is pleased to intercept a
gold bearing zone nearly 170 metres wide, by far the longest gold intercept
discovered to date. Deepening the gold zones is also of great importance to us,
it shows the blue sky potential of the property. The more data we put into our
3D model, the better our geological team understands the property. This advanced
knowledge has been paying dividends lately, first with our highest assay value,
now with the thickest gold intercept."
BonTerra is the proud owner of a total of four properties in the Urban-Barry
belt. The Eastern Extension, Lavoie, Urban-Barry, and Anderson properties are
located approximately 170 kilometres northeast of Val-d'Or and 125 kilometres
southwest of Chibougamau in the Urban, Barry and Bailly townships in Quebec.
Sharing the title of "flagship property" with Eastern Extension, however, is the
Urban-Barry property. Urban-Barry is situated between Beaufield Resources'
(TSXV:BFD) Zone 18 deposit and Glen Eagle Resources' (TSXV:GER) Nubar deposit
and, what's more, just north of the property is a parallel mineralized zone
including Eagle Hill's (TSXV:EAF) Windfall Lake property and Metanor's
(TSXV:MTO) Barry deposit.
According to the ResourceX report, "The company has been expanding the Eastern
Extension property at a rate that has surpassed even its own expectations. With
additional assays in the pipeline, a resource calculation scheduled for late
2011 and an uncanny knack for uncovering new gold deposits, BonTerra looks to be
in for an exciting, and lengthy, run in Quebec".
BonTerra currently trades at $0.19, and with approximately 72 million shares
outstanding is capitalized at about $14 million.
For a more information on BonTerra Resources, including the full assay report,
please visit their website at www.bonterraresources.com, phone 604-678-5308, or
email info(at)bonterraresources.com.
For a copy of the full report, please visit www.resourcexinvestor.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals.
CONTACT:
Investmentpitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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: InvestmentPitch via Thomson Reuters ONE
[HUG#1537279]
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Datum: 09.08.2011 - 17:34 Uhr
Sprache: Deutsch
News-ID 57088
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