Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Modest Gains on the Week
By: Chris Mullen, Gold Seeker Report

Gerald Celente: Fed May Bring Down the Economy, Crash Markets
By: Mike Gleason

COT Gold, Silver and US Dollar Index Report - September 21, 2018
By: GoldSeek.com

GATA appeals to the new Shareholders Gold Council
By: Chris Powell

A Constructive Suggestion
By: Theodore Butler

Gold Exodus to Reverse
By: Adam Hamilton, CPA

Signals for the Coming Crash in Stocks and Rally in Gold
By: David Brady, CFA

Trade War vs. Commodities
By: Louis James

GATA asks CFTC if market rigging by U.S. govt. is legal
By: Chris Powell

Is This Time Really Different? Fed Tightening and Gold
By: Arkadiusz Sieron

 
Search

GoldSeek Web

 
Bonterra Extends Multiple Zones at Gladiator Gold Deposit

 -- Published: Tuesday, 6 February 2018 | Print  | Disqus 

Vancouver, BC – February 6, 2018:  Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that the ongoing resource development program at the Gladiator Gold Deposit has extended the North, Footwall and Main Zones by 200 m down plunge to the east. High-grade intersections identified in step-out drilling east of the known mineralization demonstrates the potential for further expansion of the Gladiator Deposit, which remains open in all directions.

 

Bonterra continues to advance the development of the Gladiator Gold Deposit through definition drilling across all mineralized horizons. Follow up on previous step-out drilling has led to significant results at multiple zones, including 26.7 g/t Au over 3.1 m at the North Zone and 15.8 g/t Au over 3.3 m at the Main Zone.

 

Dale Ginn, VP Exploration, stated, “Bonterra once again delivers strong results from its resource development program at the Gladiator Gold Deposit. To that effect, we currently have four drills at the deposit to continue with step-out and definition drilling. Recent drill results highlight both the predictability of the mineralized zones and the potential for further expansion of high grade ore shoots at depth. The current step-out drilling demonstrates the potential to expand the Gladiator Deposit, which remains open in all directions.”

 

Highlights and Observations:

                                                     

·         Hole BA-17-53B extends the North, Footwall and Main Zones by 200 m down-plunge to the east with 6.2 g/t Au over 1.9 m, 4.8 g/t Au over 3.5 m and 4.9 g/t Au over 1.8 m.   

 

·         Hole BA-17-45B intersected the Main and South Zones 650 m below surface with 15.8 g/t Au over 3.3 m adding further definition to the high-grade core of the Main Zone.

 

·         Hole BA-17-46 intersected the North Zone with 26.7 g/t Au over 3.1 m and the Main Zone with 8.8 g/t Au over 3 m, demonstrating the continuity of these zones.

 

  • Results from six recent drill holes expand the size and demonstrate the continuity of the North, Footwall, Main and South 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-17-45B

783.0

786.3

3.3

15.8

Main Zone

 

909.0

912.0

3.0

4.3

South Zone

BA-17-46

425.8

428.5

2.7

12.4

North Zone

 

450.9

454.0

3.1

26.7

North Zone

 

660.5

663.5

3.0

8.8

Main Zone

BA-17-48

250.7

257.0

6.3

10.1

Footwall Zone

 

266.9

268.9

2.0

4.6

Main Zone

BA-17-49B

602.0

604.0

2.0

4.9

Main

 

765.0

767.0

2.0

4.7

South

BA-17-50

501.6

503.0

1.4

6.6

Main Zone

BA-17-53B

651.0

652.9

1.9

6.2

North Zone

 

884.5

888.0

3.5

4.8

Footwall Zone

 

930.2

932.0

1.8

4.9

Main Zone

 

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 $40 million raised in 2017.

·            Strong Shareholder Base: Eric Sprott (10%), Van Eck Gold Fund (12%), Kirkland Lake Gold (9.5%).

·            Gladiator Gold Deposit:

o   Deposit extension and resource expansion underway with 60,000 m completed in 2017 and 70,000 m planned for 2018.

o   Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in second half of 2018, which is anticipated to include up to an additional 100,000 m of drilling from 2012 through 2018.

o   Drilled dimensions of the Gladiator Deposit are currently outlined to a depth of 1,200 m below surface and a strike length of 1,200 m.

o   Gladiator remains open in all directions, where at least five distinct subparallel zones or mineralized horizons have been identified.

o   Drilling currently focused the extension and definition of the Gladiator Gold Deposit and exploration targets within the 10,541hectare Urban-Barry property.

·       Larder Lake Gold Property:

o   100% controlled 2,221hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).

o   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.

ON BEHALF OF THE BOARD OF DIRECTORS,

Nav Dhaliwal, President & CEO

Bonterra Resources Inc.

                                                                                                                            

For further information on Bonterra, contact Investor Relations:

 

Telephone: 1 844 233 2034

Email: ir@bonterraresources.com                                                                               

Website: www.bonterraresources.com                                                                                     

 

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.

This press release contains "forward-looking information" that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Bonterra disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

 


| Digg This Article
 -- Published: Tuesday, 6 February 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus







 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.