Bonterra Retains the Snowden Group to Conduct the Resource Calculation on the Eastern Extension Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/27/12 -- BonTerra Resources Inc. (TSX VENTURE: BTR)(FRANKFURT: 9BR) (the "Company", "BonTerra") reports the Snowden Mining Industry Consultants ("Snowden") will conduct the pending resource calculation (the "Calculation") on the Eastern Extension (the "Property") in accordance with National Instrument 43-101. Once complete the calculation will be included within an updated technical report for the Property.
Snowden was selected, having the reputation of being one of the world's eminent mining consulting firms, earned by 25 years of excellence in conducting work for their clients in the mining industry. Snowden is based in Perth, Australia with offices in Brisbane, Sydney, Johannesburg, Vancouver, Calgary, Oxford and Belo Horizonte. Their client list is diverse ranging from the world's largest mining companies through to mid-tier and juniors. Ultimately BonTerra management decided to have Snowden rather than Geopointcom conduct the Calculation due to time constraints. BonTerra would like to thank Geopointcom for their valuable contributions and assistance.
BonTerra has provided Snowden all the data that is required to conduct the Calculation. Currently the data has been constrained and the five gold bearing veins are being wire framed in advance of variography and geostatistics to determine the tonnage and grade of each mineral resource category for the Property.
Wally Dzick CPG (Principal Consultant Applied Geosciences) and Dr. Adrian Martinez (Consultant Applied Geosciences) will be conducting the Calculation and are both independent qualified persons for the purposes of National Instrument 43-101.
Wally Dzick is a geologist with over 29 years of experience in the mining industry. He has worked in underground and open pit operations in gold, copper and uranium. Wally has worked on projects in the Zambian copperbelt, Grants New Mexico uranium district and the northwestern Carlin trend. Wally has held senior technical and managerial roles and has been involved in successful near mine exploration programs, underground and open pit ore control programs, mine production and reconciliation and resource and reserve calculation.
Dr. Martinez has a PhD in Geosciences, Specialization in Geostatistics and 8 years of experience with resource estimation. Adrian has undertaken estimates for the Oro Barita property in Cuba and the Bruce-Jack property in British Columbia. He has also worked as an assistant professor in Cuba and Ethiopia teaching geology and geostatistics. His primary area of expertise is multivariate geostatistics, with applications in nonlinear geostatistics.
Navjit Dhaliwal, President states, "We are pleased to have contracted Snowden to conduct the resource calculation. Snowden is an industry leader and has earned a reputation of providing quality work for its clients in the mining industry. It is great to utilize the 3D modeling of the vein systems on the Property. Now we all await the Calculation which management believes will anchor BonTerra as a leader in gold exploration in the Urban-Barry gold camp."
About BonTerra Resources
BonTerra is a Canadian gold exploration company focused on continuing to expand the drill defined gold zones on the Property, part of the world famous Abitibi Greenstone Belt in mining friendly Quebec. BonTerra has a total of three gold properties in the Urban-Barry belt, the Eastern Extension, Lavoie and Urban-Barry properties which are located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Quebec.
BonTerra has an option to earn 100% of the Eastern Extension property from Abitex Resources subject to a 2% NSR.
Qualified Person
The technical content of this press release has been reviewed and accepted by Thomas Clarke, Pr.Sci.Nat., a Director of BonTerra. Mr. Clarke is a Qualified Person under NI 43-101.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Navjit Dhaliwal, President, Director
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 the Company, such as the statement that the Company: (i) currently awaits the final assay data to be used for the NI 43-101 compliant resource calculation for the Property; and (ii) is focused on continuing to expand the drill defined gold zones on its Eastern Extension property. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) delays with respect to drill results or preparation of a resource calculation; (iii) inability to prepare a resource calculation on the Property for any reason; and (iv) general uncertainties with respect to mineral exploration in general. 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, the Company 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.
Contacts:
BonTerra Resources Inc.
Navjit Dhaliwal
President, Director
(604) 678-5308 or Toll Free: 1-855-678-5308
(604) 678-5309 (FAX)
info@bonterraresources.com
www.bonterraresources.com
