BonTerra Resources Inc.: Bonterra Discovers Five Parallel Veins at the Rivage Zone
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VANCOUVER, BC -- (Marketwire) -- 09/27/12 --
BonTerra Resources Inc. / BonTerra Resources Inc. : BONTERRA DISCOVERS FIVE
PARALLEL VEINS AT THE RIVAGE ZONE. Processed and transmitted by Thomson
Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Suite 4006 - 1011 West Cordova Street
Vancouver, B.C. V6C 0B2
Telephone: (604) 678-5308
Fax: (604) 678-5309
TSX.V-BTR
FSE-9BR
BONTERRA DISCOVERS FIVE PARALLEL VEINS AT THE RIVAGE ZONE, EASTERN
EXTENSION,
QUEBEC WITH ONE VEIN ASSAYING 23.30 G/T GOLD
BonTerra Resources Inc. (TSXV: BTR; FSE:
9BR) (the "Company" or "BonTerra") has received gold assays for two
holes,
BA-12-12 ("Hole 12") and BA-12-14 ("Hole 14"), from the Rivage Zone on its
Eastern
Extension property (the "Property") located approximately 170 km
northeast of
Val d'Or, Quebec. Hole 12 was the highlight as this drill hole hit the
target
Rivage Vein as well as four additional veins. The best drill core sample
of the
Rivage Vein assayed 23.30 g/t over 1.0 metre. BonTerra discovered the
Rivage in
2011. The Rivage is characterized by a series of parallel veins mineralized
with
sulphides and often visible gold.
Highlights of assay results for the Rivage Vein include 23.3 g/t over 1.0
metre
at 50 metres vertical depth in Hole 12 as disclosed in this news release,
204.0
g/t in a surface chip sample taken from the discovery outcrop as
previously
disclosed in the Company's news release dated October 4(th), 2011 and
220.0 g/t
over 1.0 metre at 200 metres in vertical depth in BA-12-10 ("Hole
10") as
previously disclosed in the Company's news release dated May 10(th), 2012.
When
reviewing results for Hole 10 and Hole 12, gold grades seem to increase
with
depth. BonTerra intercepted the high grade Rivage Vein and four other
parallel
veins in Hole 12 which is encouraging for the Company. Significant drill
results
from Hole 12 are shown in Table 1 with the collar details shown in Table 2.
Table 1: Significant drill results (down hole depths)
+------------+----------+----------+----------+------------+
| Drill Hole | From | To | Length | Gold Grade |
| Number | (metres) | (metres) | (metres) | (g/t) |
+------------+----------+----------+----------+------------+
| BA-12-12 | 54.00 | 55.00 | 1.00 | 23.30 |
+------------+----------+----------+----------+------------+
| BA-12-12 | 176.00 | 177.00 | 1.00 | 2.42 |
+------------+----------+----------+----------+------------+
| BA-12-12 | 202.00 | 203.00 | 1.00 | 3.74 |
+------------+----------+----------+----------+------------+
| BA-12-12 | 277.00 | 278.00 | 1.00 | 2.16 |
+------------+----------+----------+----------+------------+
| BA-12-12 | 300.00 | 301.00 | 1.00 | 2.74 |
+------------+----------+----------+----------+------------+
| BA-12-14 | No Significant Values |
+------------+---------------------------------------------+
BonTerra recently closed a financing, and the Company anticipates that the
bulk
of such proceeds will be used to continue drilling the Property.
One key
component of this drill program is to attempt to connect the parallel
veins at
the area of the Property which hosts BonTerra's NI 43-101 inferred gold
resource
(the "Target Area") with the multiple parallel veins at the Rivage
Vein
approximately 700 metres to the west of the Target Area. Additionally,
BonTerra
plans on drilling a target which is situated approximately 500 metres
east of
the Target Area. The total strike distance from the Rivage eastwards
to the
Target Area and onwards to the eastern target is approximately 1,700
metres.
BonTerra is working to determine the extent of the mineralization in this
area.
Navjit Dhaliwal, President of the Company states, "BonTerra is encouraged
by the
Rivage Zone drill results. BonTerra was expecting one or two gold bearing
veins
in Hole 12. Instead, we discovered five. These five veins at the Rivage
Zone
share the same characteristics as the mineralized veins in the area
of our
inferred mineral resource. Our ultimate goal is to now attempt to connect
these
veins in an effort to update and potentially expand the size of
BonTerra's
inferred mineral resource calculation. We plan on resuming the drilling
this
fall."
NI 43-101 Compliant Gold Resources in the Urban-Barry Gold Camp, Quebec
Eastern Extension Project, BonTerra Resources (TSX.V: BTR)
4,337,000 tonnes @ 3.53 g/t for 492,000 ounces of gold inferred
The resource estimate was disclosed in a news release dated June 13,
2012 by
BTR. On July 27, 2012 BTR disclosed the filing of an amended NI 43-101
Technical
Report.
Windfall Lake Project, Eagle Hill Resources (TSX.V: EAG), approximately
8km north of BTR Eastern Extension Project
1,665,000 tonnes @ 10.05 g/t for 538,000 ounces of gold indicated
2,906,000 tonnes @ 8.76 g/t for 822,000 ounces of gold inferred
The resource estimate was disclosed in a news release dated July 25,
2012 by
EAG.
Barry Deposit, Metanor Resources (TSX.V: MTO), approximately 8km West
of BTR Eastern Extension Project
7,701,000 tonnes @ 1.29 g/t for 309,500 ounces of gold indicated
10,411,000 tonnes @ 1.65 g/t for 471,950 ounces of gold inferred
The resource estimate was disclosed in a news release dated September 21,
2010
by MTO.
Qualified Person
This technical content of this press release has been reviewed and
accepted by
Thomas Clarke, Pr.Sci.Nat., and a Director of BonTerra. Mr. Clarke
is a
Qualified Person under National Instrument 43-101 - Standards of
Disclosure for
Mineral Projects ("NI 43-101"). Sample preparation and analysis is
discussed
below.
The sample results disclosed in this news release are taken from
mineralized
intervals of the drill holes. Depths and lengths are core lengths and
are not
true widths and possibly down dip at times or otherwise non
perpendicular. The
gold intercepts disclosed in this news release are significant gold
intercepts
and not all the samples were submitted for fire assay. Samples were
submitted to
ALS Laboratories ("ALS") in Val d'Or, Quebec for crushing and
pulverizing. ALS
is independent of the Company and is certified by the Standards
Council of
Canada. ALS is individually certified to standards within ISO 9001:2008
and has
received accreditation to ISO/IEC 17025:2005 from the Standards
Council of
Canada (SCC) for fire Assay Au by Atomic Absorption (AA) and Au by
gravimetric
finish. The samples crushed to 75% passing 2 mm and split to 250
grams. The
crushed sample is then pulverized to 85% passing 75 um. Once the
sample
preparation is complete they are sent for assay. Fifty gram samples are
fire
assayed with ICP finish. All samples assaying greater than 10 g/t gold are
then
re-assayed with a gravimetric finish. Assay samples are taken from drill
core,
sawed in half along the core axis. One half is sent to ALS and the other
half
retained by the Company for future reference. BonTerra retains coarse
rejects
and pulps in a secure facility. The Company applies a full quality
assurance and
quality control program (QAQC) system for every batch of samples
submitted to
the lab (gold standard, field sample duplicate and blank).
Table 2: Collar details of drill holes disclosed in this news release
+----------+----------+------------+---------+---------+---------+--------+
|Drill Hole| Easting | Northing |Elevation| Azimuth | Dip | Depth |
| Number | (NAD83) | (NAD83) |(metres) |(degrees)|(degrees)|(metres)|
+----------+----------+------------+---------+---------+---------+--------+
| BA-12-10 |455,262.00|5,428,020.00| 390.00| 160.00| -50.00| 429.00|
+----------+----------+------------+---------+---------+---------+--------+
|BA-12-12 |455,285.00|5,427,971.00| 390.00| 160.00| -50.00| 378.00|
+----------+----------+------------+---------+---------+---------+--------+
| BA-12-14 |455,266.00|5,428,060.00| 390.00| 165.00| -60.00| 492.00|
+----------+----------+------------+---------+---------+---------+--------+
Hole 12 and Hole 14 were both collared on section with Hole 10. Hole 10
assayed
73.8 g/t gold over 3.0 metres which included 1.0 metre of 220 g/t gold.
Hole 12
was drilled approximately 65 metres south of Hole 10 and approximately
115
metres along strike from the original discovery outcrop. Hole 14 was
drilled
approximately 40 metres north of Hole 10 and approximately 90 metres
along
strike from the discovery outcrop
About BonTerra Resources
BonTerra is a Canadian gold exploration company based in Vancouver, BC
focused
on continuing to expand the drill defined gold zones on its Eastern
Extension
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 northeast of Val-d'Or and approximately 125 km
southwest of
Chibougamau in the Urban, Barry and Bailly townships in Québec.
The Company owns 100% of the Property subject to a 2% NSR which is held by
three
individuals. 1% of the NSR can be purchased for a sum of $500,000.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/Navjit Dhaliwal
Navjit Dhaliwal
President, Director
(604) 678-5308
This press release contains projections and forward-looking information
that
involve various risks and uncertainties regarding future events. Such
forward-looking information includes statements based on current
expectations involving
a number of risks and uncertainties and such forward-looking statements
are not
guarantees of future performance of the Company, and include,
without
limitation, statements that: (i)management believes that there is
potential for
continuity of the mineralized veins intercepted on the Property, (ii)
management
believes the Rivage may be traced to greater vertical depths, (iii)
BonTerra
will continue drilling on the Property this fall, and (iv) BonTerra will
attempt
to connect the veins as disclosed in this news release and attempt to
update and
potentially expand the size of BonTerra's inferred mineral resource
calculation.
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 in this news release, including
without
limitation, the following risks and uncertainties: (i) delays in
pursuing
further drilling on the Property, (ii) the veins intercepted by
BonTerra as
disclosed in this news release do not connect with the Target Area, (iii)
delays
with respect to drill results; (iv) the chip sample results, historical
results,
drill results and assays may not be representative of future results
on the
Property or of the extent of mineralization on other parts of the Property
or of
the continuity of mineralization, and (v) 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.
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: BonTerra Resources Inc. via Thomson Reuters ONE
[HUG#1643922]
For further information contact:
Navjit Dhaliwal
Email Contact
www.bonterraresources.com
Tel: (604) 678-5308