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Bonterra’s Winter Drill Program Discovers 6th Parallel Gold Zone at the Gladiator Gold Deposit

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Bonterra’s Winter Drill Program Discovers 6th Parallel Gold Zone at the Gladiator Gold Deposit

 

 

 

 

 

Bonterra Resources Inc. (TSX-V: BTR) (OTCQX: BONXF) (FSE: 9BR1) is pleased to announce the first significant intersections of a new “sixth parallel” gold zone at the Gladiator Gold Deposit. This newly discovered gold zone, located approximately 50 m south of the Barbeau Zone, is parallel to and geologically similar to the other five mineralized zones currently modelled at the expanding deposit. Additional drilling is now underway to test further to the south to intercept and expand this new zone. The ongoing drilling campaign, which will total ~70,000 m in 2018, includes infill and expansion drilling at the Gladiator Gold Deposit. Multiple drill holes are in the lab with assays pending.

 

 

Highlights and Observations:

 

  • A new gold zone was recently discovered in Hole BA-18-09, at the Gladiator Gold Deposit, with 11.8 g/t Au over 2.6 m intercepted south of the Barbeau Zone, increasing the number distinct mineralized gold zones to six.
  • Infill drill results continue to demonstrate the continuity of the deposit, highlighting the predictability of the mineralized zones.
  • Hole BA-18-12 intersected 16.3 g/t Au over 3.4 m at the South Zone at 266 m depth. This intersection continues to confirm the continuity of the South Zone on the western side of the Gladiator Deposit.
  • Hole BA-18-11 intersected high-grade gold in five mineralized zones, including 10.1 g/t Au over 2.4 m in the Barbeau Zone. This highlights the predictability of multiple mineralized zones and validates the geological model.
  • Hole BA-18-10A intersected 16.5 g/t Au over 2.2 m in the Main Zone and confirms the continuous nature of the modelled mineralized zones.
  • To date, continuity of mineralization is now confirmed over a total drilled strike length on at least four horizons (North, Footwall, Main and South) of 1,200 m, as well as a drilled depth of 1,000+ m.

 

 

Hole From

(m)

To

(m)

Length*

(m)

Grade

(g/t Au)

Zone/Area
BA-18-09 170.0 172.0 2.0 3.9 North
BA-18-09 375.7 377.0 1.3 5.9 FW
BA-18-09 438.0 439.1 1.1 3.5 Main
BA-18-09 764.0 766.6 2.6 11.8 New
BA-18-10A 681.5 683.7 2.2 16.5 Main
BA-18-11 61.5 63.0 1.5 4.9 Main
BA-18-11 103.0 105.0 2.0 8.5 South
BA-18-11 118.8 120.4 1.6 7.7 South
BA-18-11 177.0 179.4 2.4 10.1 Barbeau
BA-18-11 308.0 310.0 2.0 6.4 New
BA-18-12 266.0 269.4 3.4 16.3 South
 

*Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths.  Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees.

 

 

Please see http://www.bonterraresources.com/en/gladiator/maps-sections for updated maps including long sections and cross sections.

 

 

Bonterra Resources Quick Facts:

 

  • Well financed with approximately $60 million raised in past 12 months.
  • Strong Shareholder Base including: Eric Sprott, Van Eck, Kirkland Lake Gold
  • Gladiator Gold Deposit:
    • Deposit extension and resource expansion underway with 60,000 m completed in 2017 and 70,000 m planned for 2018.
    • Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in the second half of 2018.
    • Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of 1,000 m below surface, and a strike length of 1,200 m.
    • Gladiator remains open in all directions, where at least six distinct sub-parallel zones or mineralized horizons have been identified.
    • Drilling is currently focused on the continued expansion of Gladiator Gold Deposit and exploration targets within the 10,541-hectare Urban-Barry property.
  • Larder Lake Gold Property:
    • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
    • Excellent access to three high grade gold deposits between Kirkland Lake and Virginiatown.

 

 

Robert Gagnon, P.Geo., has approved the information contained in this release.  Mr. Gagnon is a director of Bonterra and is a Qualified Person as defined by NI 43-101.

 

Posted April 9, 2018

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