News Releases http://www.bonterraresources.com Sun, 27 Jan 2013 04:12:43 +0000 Joomla! - Open Source Content Management en-gb BONTERRA RECEIVES ICE PERMITS FOR DRILL PROGRAM http://www.bonterraresources.com/index.php/news/item/85-bonterra-receives-ice-permits-for-drill-program http://www.bonterraresources.com/index.php/news/item/85-bonterra-receives-ice-permits-for-drill-program carlos@exis.ca (Super User) News Releases Thu, 24 Jan 2013 17:29:54 +0000 BONTERRA ANNOUNCES RESULTS OF SHAREHOLDER MEETING http://www.bonterraresources.com/index.php/news/item/84-bonterra-announces-results-of-shareholder-meeting http://www.bonterraresources.com/index.php/news/item/84-bonterra-announces-results-of-shareholder-meeting

Bonterra Resources Inc.'s management board nominees Robert Bryce, Navjit Dhaliwal, Casey Forward, Robert Gagnon and Hans Rasmussen were re-elected as the company's board of directors at the company's annual general meeting held on Jan. 14, 2013. Over 28 million shares were voted in favour of each management nominee.

 

Members of the board wish to express their thanks to all shareholders who took the time and effort to vote their shares. The sheer volume of votes cast demonstrates that Bonterra's shareholders are passionate about the company and interested in its progress.

 

The voting results demonstrated clear support and confidence in the board; however, notwithstanding this, the board recognizes that the company has an element of dissatsified shareholders. The board's mandate is to work in the best interest of all the company's shareholders, and, as such, the board intends to consider and address some of the concerns expressed by the dissident shareholders.

 

The board reappointed Navjit Dhaliwal as the president and chief executive officer of the company, Casey Forward as the chief financial officer, and Ping Shen as secretary.

 

Bonterra is currently planning its 2013 drill program on its Quebec properties and will provide updates on progress in the coming weeks.

 

We seek Safe Harbor.

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carlos@exis.ca (Super User) News Releases Tue, 15 Jan 2013 21:06:32 +0000
BONTERRA ALERTS SHAREHOLDERS TO DISSIDENT SHAREHOLDER'S CIRCULAR: MR. THOMAS CLARKE'S ACTIONS ARE OPPORTUNISTIC, BIASED, SELF SERVING AND NOT IN SHAREHOLDERS' BEST INTEREST http://www.bonterraresources.com/index.php/news/item/83-bonterra-alerts-shareholders-to-dissident-shareholders-circular-mr-thomas-clarkes-actions-are-opportunistic-biased-self-serving-and-not-in-shareholders-best-interest http://www.bonterraresources.com/index.php/news/item/83-bonterra-alerts-shareholders-to-dissident-shareholders-circular-mr-thomas-clarkes-actions-are-opportunistic-biased-self-serving-and-not-in-shareholders-best-interest Documento sin título

 

Vancouver, BC – January 8, 2013:  BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company” or “BonTerra”) announces today that its board of directors (the " Board") reaffirms its recommendation that shareholders vote FOR the management board nominees Robert Bryce, Navjit Dhaliwal, Casey Forward, Robert Gagnon and Hans Rasmussen at the upcoming Annual General Meeting to be held on January 14, 2013 (the "Meeting").

 

In a letter being delivered to shareholders, the Board responds to misleading statements by Thomas Clarke, explains Clarke's bad faith motives and advises them to reject the slate of nominees proposed by Mr. Clarke.

 

Your vote is urgent and time is of the essence.  The Board recommends that shareholders vote FOR the management board nominees as soon as possible and prior to the voting deadline on Thursday, January 10, 2013 at 10:00 a.m. Pacific Time.

 

Please review the Management Information Circular at www.bonterraresources.com or www.SEDAR.com and vote only the management form of proxy.  Vote today. If you have questions or seek assistance with voting your proxy, please contact our proxy solicitation agent, Georgeson toll free at: 1-866-676-3008 or via email at: askus@georgeson.com.

 

Letter to Shareholders

 

The full text of the letter to shareholders follows:

 

January 8, 2013

 

Dear Fellow Shareholder:

 

With less than a week to go to our Annual General Meeting, (the “Meeting”) we are writing to underline the importance of your vote to the future of our company BonTerra Resources Inc. ("BonTerra" or the "Company") and the value of your investment.

This year's meeting, to be held on January 14, 2012, is particularly important because a dissident shareholder, has launched a proxy contest that we believe is disruptive to the advancement of the Company.

 

The dissident shareholder, Mr. Thomas Clarke ("Clarke") is a former director of the Company and has belatedly issued a dissident circular dated December 31, 2012 (the "Dissident Circular") that purports to seek your support to remove the existing board of directors (the "Board") and vote for his slate of replacement directors.

 

The Dissident Circular is NOT a compliant public proxy circular and Clarke states that he is relying on the "15 or fewer" exemption, notwithstanding that he has disseminated the Dissident Circular widely and has therefore solicited votes from far more than the allowed 15 shareholders.  The very fact that Mr. Clarke did not undertake the proper task of preparing and filing a formal dissident public proxy circular, demonstrates, our view that his approach lacks transparency and he is simply being vindictive and disruptive based on the Company's decision to release him from his consulting relationship with the Company.

 

Having reviewed the Dissident Circular, your Board is convinced that Clarke has a hidden objective.  Just days before the Meeting, Clarke issued his Dissident Circular seeking control of your Company.

 

The Board considered the Dissident Circular and submits it is based on false allegations and misleading and slanted information.  In particular Clarke has failed to disclose the reason for his departure from the Company and his actual motives for seeking to replace the Company's Board.

 

Clarke states that the nominees (the "Dissident Nominees") set out in the Dissident Circular base their vision of the Company on, among other things "good corporate governance".  The Board finds this interesting in light of the fact that the very reason Clarke was let go by the Company was a major breach of good corporate governance by Clarke.  As set out in the Dissident Circular, Clarke was a former director of the Company and its chief geologist.  He was paid as an independent contractor at a rate of $5,000 per month plus taxes and expenses.  In 2012 the Company defined an initial National Instrument 43-101 ("NI 43-101") compliant gold resource of 4,337,000 tonnes@ 3.53 g/t gold for a total of 492,000 ounces of gold on an inferred basis as disclosed on June 13, 2012.  The NI 43-101 complaint technical report by Snowden Engineering was filed on SEDAR on July 27, 2012. Subsequent to this, in October 2012, the Company discovered that  without any notice to the Company or any of the directors or officers of the Company, Clarke had staked claims in the name of his private geological consulting company Twillar Resources on February 8, and June 14, of 2012 within two kilometers (2Km) of the border of the Company's Eastern Extension claims.  BonTerra considered these actions to be a breach of fiduciary duty owed by Clarke to the Company and after consultation with legal counsel confronted Clarke demanding an explanation.  In management's opinion, Clarke's response demonstrated a clear lack of integrity and understanding of his fiduciary duties and accordingly management determined to immediately terminate the consulting agreement with Clarke and request his resignation from the Board.

 

The Company will make available to any interested shareholder, a map showing the egregious and improper claim staking conducted by Clarke.  Subsequent to Clarke's resignation, Twillar staked additional claims within the immediate area of the Company's Eastern Extension properties on November 24, 2012.

 

The Board is further of the view that the other hidden motive behind Clarke's actions is the fact that Clarke and the Dissident Nominees are all directors of Laurier Gold, a private resource company formed on September 27, 2012 proposing to go public.  We understand that such efforts have not progressed well and speculate that the present attempt to wrestle control of BonTerra is a thinly veiled attempt to bypass the "going public" process and emplace the Dissident Nominees in control of a public entity with a treasury.

 

In specific response to the points raised by Clarke in the section entitled "Reasons For a Change of Management" Dissident  Circular, we respond as follows:

 

  • The Company's share price has depreciated from $.22 to $.05 representing an 77% decline in value.  We agree this is unfortunate however is not dissimilar from a vast number of junior resource exploration companies.  The decline in market value reflects a trend prevalent throughout the junior capital market and has nothing to do so called mismanagement or compensation practices.  In fact, it is interesting to note that one of the two public companies that Clarke is a director of, Weststar Resources Inc. has suffered an even worse decline from $.50 in February 2012 to $.04 today.  That represents a 92% decline in value.  Clarke has not provided any concrete plan as to how he and the Dissident Nominees plan to reverse this situation in light of the current dismal market conditions.  Certainly based on the public companies they are involved with, there is no evidence that had they been in control of BonTerra, the situation would be any different than it is today.
  • Clarke was terminated for the reasons described above.  The Company has replaced his expertise with two extremely capable and well regarded geologists Messrs Gagnon and Rasmussen, neither of whom are currently paid a consulting fee.  Mr. Gagnon has over 10 years' experience as a professional geologist, earning his Mining Techniques Diploma from the Collège de la Région de l'Amiante (1995) . Ordre des géologues du Québec (circa 2002), Board of Directors of the Quebec Mineral Exploration Association (circa 2009). President of the Association des prospecteurs du Nord du Québec (circa 2012) BSc., Geology from the University of Quebec (1999).  He is more than capable of handling the Company's on-going field work and also has a good network in Northern Quebec, especially considering that he is currently the President of the Northern Quebec prospector's association.  Mr. Rasmussen has over 28 years' experience in the resource industry as a geophysicist and geologist with junior exploration and major mining companies including Teck Cominco Ltd., Quadra Mining Ltd., Mansfield Minerals Inc., Newmont Exploration Ltd., and Kennecott/Rio Tinto.  His knowledge spans a vast array of projects in North and South America, having been involved in the discovery of Penasquito in Mexico, Lindero in Argentina and Whistler in Alaska.  Currently, he leads Colombia Crest Gold Corp. as President, CEO and Director.  Mr. Rasmussen is a member of the Society of Exploration Geologists, Northwest Mining Association and the Geological Society of Nevada. He graduated with a Master of Science from the University of Utah and holds Bachelor of Science degrees in geology and physics from Southern Oregon State College.
  • Clarke states that he had a close and good working relationship with the former President of BonTerra and that changed with the appointment of Mr. Dhaliwal as the new President.  This is an entirely subjective statement and as a contractor and fellow director, it was Clarke's duty to use his best efforts to work with the new President.
  • Clarke's complaint about the fact that the Board and new President raised $1,852,199 between February 2012 and November 2012, is completely contradictory to his complaint that prior to the appointment of the new President, the Company was well funded (which implies that afterwards it was not).  The Board is of the view that had it not raised capital at the time it did, the Company would be in a far more precarious position than it is today.  The Board is very well aware of numerous junior companies that have no or negative working capital and are completely unable to fund at this time.  Some of those companies will not survive.  Management has been careful with the Company's treasury and in fact hopes to complete some of the recently announced private placement.  We are of the view that Clarke's concern on this matter is ridiculous.  The fact that BonTerra was able to raise these funds in very difficult economic times is a credit to management.  Furthermore we point out that as far as we can see there is no history of successful fundraising by any of the Dissident Nominees.  As far as progressing with work programs is concerned, considering the financial environment, management determined to review all exploration data before proposing a plan for the next program.  Management was keenly aware of the risk of spending the entire treasury on exploration work and possibly running out of funds without being in a position to refinance the Company.  We submit that the cautious approach is the correct approach.  We are formulating exploration plans and awaiting ice drill permits.  Provided we are satisfied that we have the financial resources to proceed we will do so at the earliest opportunity.
  • Clarke admits that he is pursuing an IPO with Laurier Gold and a listing of same on the TSXV.  We note that this does not appear to have progressed well, and believe it is irrelevant in any event.  None of Clarke's handpicked Dissident Nominees have any financial interest in BonTerra and there is no assurance that any of them will assist in marketing or fundraising activities.

In Clarke's news release, of January 7, 2013, Clarke complains about a "dramatic increase in compensation paid to Officers" of BonTerra.  We point out that Mr. Dhaliwal receives $10,000 per month which is only $10,000 a year more than the Company's previous President was paid.  Prior to Mr. Dhaliwal being appointed President, he was a consultant to the Company, and part of the compensation reflected in the summary of management compensation contained in the management information circular relates to consulting fees incurred in the prior year which were deferred and paid in the reported fiscal period.  The Board submits that Mr. Dhaliwal's compensation is not out of line with comparable junior resource company compensation guidelines.

 

Shareholders are right to ask why Clarke waited so long to circulate his Dissident Circular.  Even though it is dated December 31, 2012, it only came to light yesterday, January 7, 2013.  Just days before the Meeting, Clarke is hoping to catch shareholders off guard with this surprise attack. 

 

Finally, the Board has become aware of interference with the Company's mailing of the management information circular to shareholders, by a person thought to be an accomplice of Clarke.  This is a matter of grave concern, and the Company will be investigating the matter further and referring same to the appropriate authorities.

 

Vote for an experienced and capable Board

 

The nominees put forward by the Company are experienced and capable.  Under their supervision, the current management team will advance our exploration properties and raise awareness of BonTerra in a prudent and measured fashion – all with a view to surfacing value for our shareholders.

 

  • Don’t put your faith in dissidents who omit crucial details from their disclosure, whose nominees appear to have limited market experience and who in the case of the main dissident doesn't understand basic fiduciary and good corporate governance concepts.
  • Recognize that investing in a junior exploration business comes with risks.  Opt for a Board that has the right experience and is capable of minimizing risk and maximizing the opportunities ahead.

This is not a short-term game. The Board and management of BonTerra are in it for the long-term and remain committed to creating value for our shareholders. Please vote your management  proxy today.

 

Vote for an experienced board

 

Please review the Management Information Circular at www.bonterraresources.com or www.SEDAR.com and vote only the management form of proxy.  Vote today. If you have questions or seek assistance with voting your proxy, please contact our proxy solicitation agent, Georgeson toll free at: 1-866-676-3008 or via email at: askus@georgeson.com.

 

About BonTerra Resources Inc.

 

BonTerra is a Canadian gold exploration company based in Vancouver, B.C. 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 Property, the Lavoie property and the Urban-Barry property which are all 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.

 

ON BEHALF OF THE BOARD


BONTERRA RESOURCES INC.
"Navjit Dhaliwal”                               
Navjit Dhaliwal
President, Director
(604) 678-5308
For further information contact:
Navjit Dhaliwal
info@bonterraresources.com
www.bonterraresources.com
Tel: (604) 678-5308


Caution Concerning Forward-Looking Statements


Information included, attached to or incorporated by reference into this News Release may contain forward looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Board expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of BonTerra's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.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.

 

]]>
carlos@exis.ca (Super User) News Releases Tue, 08 Jan 2013 22:06:38 +0000
Bonterra Announces Flow-Through and Non Flow-Through Financing http://www.bonterraresources.com/index.php/news/item/58-bonterra-announces-flow-through-and-non-flow-through-financing http://www.bonterraresources.com/index.php/news/item/58-bonterra-announces-flow-through-and-non-flow-through-financing

Vancouver, BC – December 14, 2012:  BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company” or “BonTerra”) announces that it intends to complete a private placement of 6,250,000 flow-through units (the "FT Units") at a price of $0.08 per FT Unit for total gross proceeds of up to $500,000 and a private placement of up to 5,000,000 non flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit for total proceeds of $250,000.  Each FT Unit will consist of one flow-through common share (a "FT Share") and one non-flow through  transferable  share purchase warrant (a "FT Warrant").  Each FT Warrant will entitle the holder to purchase one non-flow through common share (a "FT Warrant Share") at a price of $0.12 for two years from the closing date.  Each NFT unit will consist of one transferable common share (a "NFT Share") and one transferable share purchase warrant (a "NFT Warrant").  Each NFT Warrant is exercisable to purchase an additional common share (a "NFT Warrant Share") at a price of $0.10 for a period of two years from the closing date.

 

In connection with the private placement, the Company may pay finder’s fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange.

 

All securities issued above are subject to a hold period of 4 months and one day from the date of closing as well as a voluntary pooling arrangement.
The proceeds from the flow-through portion of the private placement will be used to conduct exploration program on the Company's properties and the proceeds from the non flow-through portion of the private placement will be used for exploration on the Company's properties and for general working capital.    


The private placement is subject to TSX Venture Exchange acceptance.

 

About BonTerra Resources Inc.

 

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 (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 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.

 

"Casey Forward”            
Casey Forward
Chief Financial Officer
(604) 678-5308

For further information contact:
Navjit Dhaliwal

 

info@bonterraresources.com
www.bonterraresources.com
Tel: (604) 678-5308

 


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.

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carlos@exis.ca (Super User) News Releases Fri, 14 Dec 2012 16:47:29 +0000
Bonterra Announces Appointment of New Director http://www.bonterraresources.com/index.php/news/item/57-bonterra-announces-appointment-of-new-director http://www.bonterraresources.com/index.php/news/item/57-bonterra-announces-appointment-of-new-director

Vancouver, BC – November 27, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the "Company" or "BonTerra") is pleased to announce the appointment of Hans Rasmussen to the Board of Directors, as an independent director of the Company, offering both technical and corporate development expertise.

Mr. Rasmussen has over 28 years experience in the resource industry as a geophysicist and geologist with junior exploration and major mining companies including Teck Cominco Ltd., Quadra Mining Ltd., Mansfield Minerals Inc., Newmont Exploration Ltd., and Kennecott/Rio Tinto.  His knowledge spans a vast array of projects in North and South America, having been involved in the discovery of Penasquito in Mexico, Lindero in Argentina and Whistler in Alaska.  Currently, he leads Colombia Crest Gold Corp. as President, CEO and Director.  Mr. Rasmussen is a member of the Society of Exploration Geologists, Northwest Mining Association and the Geological Society of Nevada. He graduated with a Master of Science from the University of Utah, and holds Bachelor of Science degrees in geology and physics from Southern Oregon State College.

“We are very pleased to welcome Hans to the Board”, commented Navjit Dhaliwal, President and CEO. “He has a great understanding of the direction Bonterra is headed and can offer guidance and expertise on crucial elements as we build our resource and look at corporate developments that will advance the Company”.


About BonTerra Resources

BonTerra is a Canadian exploration company, with a large land package spanning three gold properties in the prolific Abitibi Greenstone Belt, Québec. The current exploration program is focused on the Eastern Extension property, to expand the drill defined high-grade gold zones and the recent NI 43-101 resource estimate of 492,000 ounces gold.  The three gold properties: Eastern Extension, Lavoie and Urban-Barry, are located in a mining-friendly, gold-rich area just 170 km northeast of Val-d'Or, Québec.  The highly focused management and geological teams hold extensive knowledge of the area and recognize the necessary steps for advancement.

ON BEHALF OF THE BOARD


BONTERRA RESOURCES INC.


/s/ Navjit Dhaliwal

Navjit Dhaliwal
 President, Director

(604) 678-5308


For further information contact:

Navjit Dhaliwal

info@bonterraresources.com

www.bonterraresources.com 

Tel: (604) 678-5308


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.

]]>
carlos@exis.ca (Super User) News Releases Tue, 27 Nov 2012 01:27:24 +0000
Bonterra Provides Property Update on Eastern Extension http://www.bonterraresources.com/index.php/news/item/56-bonterra-provides-property-update-on-eastern-extension http://www.bonterraresources.com/index.php/news/item/56-bonterra-provides-property-update-on-eastern-extension

 

Vancouver, BC – October 31, 2012:  BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company” or “BonTerra”) is pleased to provide an update on its 100% owned Eastern Extension property (the “Property”) located approximately 170 km northeast of Val d’Or, Quebec. BonTerra recently completed a prospecting program which aimed to check IP anomalies (conductors) associates with magnetic highs along the NE-SW structures.

BonTerra discovered two parallel structures identified on the magnetic map as well at the chargeability/resistivity map. These structures have been followed up and confirmed by BonTerra’s geologist, Robert Gagnon and his team. The first structure intersects the Peninsula zone (calculation showed an inferred resource of 492,000 ounces of gold at 3.53 grams per tonne) with a shear continuous corridor and favorable to discovery of a new gold showing. Several mineralized samples were collected along the corridor and sent in to be sampled.

The second potential area contains a shear corridor which is parallel to the first but shifted to the North. This shear corridor contains a new showing called the Rivage that has returned 73.82 grams per tonne gold over 3.00 metres (May 10, 2012 news release). It is possible that a late stage structure could have moved and shifted the same shear. Additionally, several outcrops hosting tension and mineralized quartz pyrite-chalocoypyrite veins have been sampled along the second shear corridor.

The map below shows the distribution of samples and the projection of the structures and their continuities in the Peninsula area as well as in the Rivage area. In all, 30 mineralized samples were sent to the Val d’Or ALS Chemex Analysis Laboratory.



“The discovery of these parallel structures in our Peninsula and Rivage zone are exciting findings as we look to expand our drill targets for our upcoming drill program” stated Navjit Dhaliwal, BonTerra’s President. “BonTerra’s technical team is currently preparing to carry out the drilling program on the Property beginning this fall which will be aimed at these new targets”.

Robert Gagnon, P.Geo (OGQ), of BonTerra, is a “Qualified Person” as that term is defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical content of this news release.


About BonTerra Resources Inc.

BonTerra is a Canadian gold exploration company based in Vancouver, B.C. 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 Property, the Lavoie property and the Urban-Barry property which are all 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.

ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.

"Navjit Dhaliwal”            ?
Navjit Dhaliwal?
President, Director?


(604) 678-5308
For further information contact:
Navjit Dhaliwal
info@bonterraresources.com
www.bonterraresources.com ?Tel: (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 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. 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) delays with respect to drill results; (ii) 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 (iii) 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.

]]>
carlos@exis.ca (Super User) News Releases Wed, 31 Oct 2012 18:11:39 +0000
Bonterra Discovers Five Parallel Veins At The Rivage Zone, Eastern Extension, Quebec With One Vein Assaying 23.30 G/T Gold http://www.bonterraresources.com/index.php/news/item/38-bonterra-discovers-five-parallel-veins-at-the-rivage-zone-eastern-extension-quebec-with-one-vein-assaying-2330-g-t-gold http://www.bonterraresources.com/index.php/news/item/38-bonterra-discovers-five-parallel-veins-at-the-rivage-zone-eastern-extension-quebec-with-one-vein-assaying-2330-g-t-gold

 

Vancouver, BC – September 27, 2012:  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 4th, 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 10th, 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
Number

From
(metres)

To
(metres)

Length
(metres)

Gold Grade
(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
Number

Easting
(NAD83)

Northing
(NAD83)

Elevation
(metres)

Azimuth
(degrees)

Dip
(degrees)

Depth
(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
For further information contact:
Navjit Dhaliwal
info@bonterraresources.com
www.bonterraresources.com
Tel: (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.

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carlos@exis.ca (Super User) News Releases Thu, 27 Sep 2012 21:26:28 +0000
Geopointcom of Val d'Or Retained to Conduct the Gold Resource Calculation on Bonterra's Quebec Gold Property http://www.bonterraresources.com/index.php/news/item/20-geopointcom-of-val-dor-retained-to-conduct-the-gold-resource-calculation-on-bonterras-quebec-gold-property http://www.bonterraresources.com/index.php/news/item/20-geopointcom-of-val-dor-retained-to-conduct-the-gold-resource-calculation-on-bonterras-quebec-gold-property carlos@exis.ca (Super User) News Releases Tue, 10 Jan 2012 21:47:33 +0000 BonTerra Continues Discovering High Grade Gold on Its Eastern Extension Gold Property in Quebec http://www.bonterraresources.com/index.php/news/item/19-bonterra-continues-discovering-high-grade-gold-on-its-eastern-extension-gold-property-in-quebec http://www.bonterraresources.com/index.php/news/item/19-bonterra-continues-discovering-high-grade-gold-on-its-eastern-extension-gold-property-in-quebec carlos@exis.ca (Super User) News Releases Tue, 31 Jan 2012 21:46:40 +0000 Bonterra Announces Proposed Non-Brokered Private Placement and Appointment and Resignation of Directors and Officers http://www.bonterraresources.com/index.php/news/item/18-bonterra-announces-proposed-non-brokered-private-placement-and-appointment-and-resignation-of-directors-and-officers http://www.bonterraresources.com/index.php/news/item/18-bonterra-announces-proposed-non-brokered-private-placement-and-appointment-and-resignation-of-directors-and-officers carlos@exis.ca (Super User) News Releases Thu, 16 Feb 2012 21:45:46 +0000