| BONTERRA RESOURCES INC. : http://www.bonterraresources.com/ : QwikReport |
| News Releases |
| July 27, 2012 Bonterra Files Technical Report To Support Inferred Gold Resource Of 492,000 Ounces On Its Eastern Extension Property In Quebec | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vancouver, BC -- July 27, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the "Company" or "BonTerra") has filed a technical report pursuant to National Instrument 43-101 ("NI 43-101") entitled "BonTerra Resources Inc.: Eastern Extension Property Project No. V1216 NI43-101 Technical Report" dated July 26, 2012 (the "Report") prepared by Abolfazl Ghayemghamian, MSc, P.Geo., APEGBC, Senior Consultant with Snowden and Walter A. Dzick, B.Sc. (Geology), M.B.A, CPG #11458, MAusIMM, MAIPG, Principal Consultant with Snowden Mining Industry Consultants Inc. ("Snowden"). Both authors of the Report are independent of BonTerra and are Qualified Persons as defined by NI 43-101. The purpose of the Report is to provide a resource estimate for the Company's 100% owned Quebec gold property, the Eastern Extension Property (the "Property") which is located approximately 170 kilometers northeast of Val d'Or, Quebec in the Urban-Barry belt, and to support BonTerra's news release dated June 13, 2012 which disclosed that, using a 1.0 g/t cut-off grade, the Property contains an inferred gold resource of 4,337,000 tonnes, grading 3.53 g/t for 492,000 ounces. The full-text of the Report should be referred to in conjunction with this news relase and is incorporated herein by reference. The Report includes all work BonTerra has completed on the Property up until the end of 2011. Of a total of 21,559.50 metres of drilling completed by BonTerra to date, only 15,642.60 metres of this is included in the resource estimate. This 15,642.60 metres was drilled on the Property in 2010 and 2011 in 49 drill holes which averaged 319 metres in length. In addition to this 15,642.60 metres of drilling, historical drilling by Xemac resources was also used. Xemac drilled 59 holes totaling 8,727 metres in 1997, 1998, 2000 and 2001. After hitting significant gold at depths of approximately 600 metres, management believes there is significant down-dip potential. This assertion is further strengthened by the fact that the veins are vertical to sub-vertically dipping. In addition to BonTerra's inferred resource estimate on the Property, Eagle Hill Exploration Corporation ("Eagle Hill") has defined inferred mineral resources and indicated mineral resources on its Windfall Lake Property which is also in the Urban-Barry belt and is located approximately 8 kilometers north of the Property. Eagle Hill disclosed in its news release dated July 25, 2012 that, using a 3.0 g/t of gold cut-off grade, the Windfall Lake Property contains an indicated gold resource of 538,000 ounces (1,665,000 tonnes @ 10.05 g/t of gold) and an inferred resource of 822,000 ounces (2,906,000 tonnes @ 8.76 g/t). Eagle Hill's disclosure in its July 25, 2012 news release updates the disclosure in its November 2011 technical report which is referenced in the Report. Results obtained on the Windfall Lake Property are not necessarily indicative of results on the Property. Based on, among other things, the Report and the results reported in Eagle Hill's public disclosure, management believes that the Urban-Barry gold camp is an area of merit. Navjit Dhaliwal, President, states, "BonTerra is very motivated to continue advancing the Property. We also want to thank Snowden for completing the resource estimate and the Report. Management believes that there is potential for expansion of BonTerra's inferred gold resource. The highlight of our Rivage Zone, situated 700 metres along strike to the southwest, was assaying 220 g/t gold over one metre in drill core. None of the drilling from the Rivage Zone is included in the current inferred gold resource. Additionally BonTerra defined another large southern magnetic anomaly which has yet to be explored by diamond drilling. With all this in mind we are confident in the potential the Property offers." The inferred mineral resource at the Property that is disclosed in the Report was prepared using the following steps: compilation and verification of drillhole data, including independent data verification, and database verification (data validation was undertaken by Snowden); analysis of drillhole sample QAQC data; verification of BonTerra geology and mineralization models against drillhole information; coding of drillhole data within mineralized estimation domains; sample length compositing; analysis of extreme data values and application of top cuts, where necessary; exploratory analysis of gold grades within mineralized estimation domains; variogram analysis; creation of block models and application of density values; estimation of gold grades into blocks using ordinary kriging; validation of estimated block grades against input sample composite grades; confidence classification of estimates with respect to CIM guidelines; and resource tabulation and reporting. A Vulcan block model with cell dimensions of 2 metres (X), 2 metres (Y), 2 metres (Z) was coded to reflect surface topography, syenite porphyry dykes, and the quartz vein domain solids. Gold grades were estimated from 1 metre length weighted composites into the interpreted mineralized blocks by ordinary kriging using parameters established from analysis of the variography within each domain. Based on the variographic analysis, search ellipses were created to enable a three pass approach, to interpolate gold grades into the blocks. The minimum and maximum numbers of composites were set to 2 and 12 per block, respectively. A top cut of 58 g/t Au was applied. Discretization was set to 2 x 2 x 1. A density of 2.78 g/cc was assigned to the mineralized veins based on 10 measurements of specific gravity performed by BonTerra. Snowden has applied an inferred classification to all blocks in the mineral resource. Snowden has not classified any measured blocks after considering the relatively short ranges of gold grade continuity, the current drill hole spacing, the relatively high nugget environment, and use of assigned densities. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves. Estimates are rounded since the figures are not precise calculations. Mineral resource estimates are reported for the Property above a range of Au cut-off grades (see Table 1-1 of the Report). To date, no analysis has been made to determine the economic cut-off grade that will ultimately be applied to any mineral resources. As stated in the Report, management is not aware of any legal, political, environmental, or other risks that could materially affect the potential development of the inferred mineral resource. The technical information in this news release is based upon the Report, unless expressly stated otherwise. The authors of the Report verified the data disclosed in the Report. A description of the data verification process and the limitations on the verification process is included in the full text of the Report and incorporated by reference. This 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. About BonTerra Resources BonTerra is a Canadian gold exploration company based in Vancouver, BC. BonTerra is 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 all located approximately 170 km NE of Val-d'Or and 125 km SW 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 which can be purchased for a sum of $500,000. ON BEHALF OF THE BOARD BONTERRA RESOURCES INC. /s/Navjit Dhaliwal Navjit Dhaliwal President and 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, such as the statement that: (i) management believes there is potential for expansion of BTR's inferred gold resource; and (ii) management believes in the potential for significant down-dip potential. 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 drilling and receipt of drill results; (iii) accuracy and reliability of inferred mineral resource calculations; (iv) regulatory reviews and comments related to the Report; and (v) general uncertainties with respect to mineral exploration. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| June 13, 2012 Bonterra Defines A Ni 43-101 Compliant Inferred Gold Resource Of 492,000 Ounces On Its Eastern Extension Property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vancouver, BC -- June 13, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the "Company", "BonTerra") is pleased to announce the release of a National Instrument 43-101 ("NI 43-101") compliant inferred resource estimate for its 100% owned Quebec gold property, the Eastern Extension (the "Property"). The mineral resource estimate includes the results of 12,543 metres of core drilling completed on the Property in 2011. The resource estimate, completed by Snowden Mining Industry Consultants Inc. ("Snowden") of Vancouver, British Columbia is constrained by geologic domains consisting of ten vein structures. Using a 1.0 g/t cutoff, the Property contains inferred gold resources of 4,337,000 tonnes grading 3.53 g/t for 492,000 ounces. BonTerra has been able to define this resource with the drilling performed in the past two years. The Company intends to file a complete Technical Report on SEDAR within 45 days of this release as required by NI 43-101. The inferred resource estimate is set out in Table 1 below and reported as a series of cut off grades. Table 1: Inferred Resource Estimate for the Eastern Extension Property
Highlights of the NI 43-101 Compliant Inferred Resource Estimate:
The 5,917 metres of drilling BonTerra completed in 2012, which includes the Rivage Zone ("Rivage"), is not included in the existing inferred resource estimate. There are assays pending for six holes. The highlight of this 2012 drilling was the Rivage which assayed 73.82 g/t gold over 3.0 metres in BA-12-10, which included 1.0 metre of 220.0 g/t gold. This drill hole at the Rivage was collared approximately 120 metres from the Rivage discovery outcrop. A chip sample taken from this outcrop in the fall of 2011 assayed 204 g/t gold. Navjit Dhaliwal, President states, "BonTerra is very proud to have received such a great first ever resource estimate from Snowden for our gold property. It is not common for a junior company like BonTerra Resources to develop an asset of such high potential in such a short period of time. We feel this resource estimate completed by Snowden solidifies BonTerra as a leading junior gold explorer in Quebec's Abitibi Greenstone Belt. This also speaks volumes about the high quality of the Property as well as all of our team in Vancouver and Val d'Or." Inferred Mineral Resource Estimate: Information in this news release that relates to the inferred mineral resource estimate has been reviewed and approved by Walter A Dzick CPG, AIPG, who is a Qualified Person under the definitions established by NI 43-101. He is independent of BonTerra and an employee of Snowden Mining Industry Consultants Inc., Vancouver, British Columbia. This 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. The Property is situated approximately 170 kilometres northeast of Val d'Or, Quebec in the Abitibi Greenstone Belt. Snowden conducted the gold resource estimate on behalf of BonTerra. Through the end of 2011, the Property has had a total of 108 diamond drill holes totaling 23,165 metres of diamond drilling as shown in Table 2 which includes historical drilling. BonTerra has also completed 15 diamond drill holes for 5,917 metres in 2012. These drill holes were not utilized for the current resource estimation. Table 2: Summary of All Drilling on the Eastern Extension Property
As previously reported, BonTerra has focused its geological program on assessment of the quartz veins that appear to be spatially associated with syenite porphyry dykes in the Eastern Extension area. The dyke and several associated gold bearing quartz veins have been defined over a strike length of 1,000 metres, to a depth of 700 metres. The database used by Snowden contains 108 surface diamond drill holes (total of 23,165 metres; average length 215 metres). Fourty drill holes were completed in 2011. Geological information from all drill cores was used to develop the geological interpretation. A Vulcan block model with cell dimensions of 2 metres (X), 2 metres (Y), 2 metres (Z) was coded to reflect surface topography, syenite porphyry dykes, and the quartz vein domain solids. Gold grades were estimated from 1 metre length weighted composited into the interpreted mineralized blocks by ordinary kriging using parameters established from analysis of the variography within each domain. Based on the variographic analysis search ellipses were created to enable a three pass approach to interpolate gold grades into the blocks. Minimum and maximum numbers of composites were set to 2 and 12 per block respectively utilizing a top cut of 58 grams per ton. Discretization was set to 2 x 2 x 1. Density factor of 2.78 grams/cc were assigned to the mineralized veins based on 10 measurements of specific gravity performed by BonTerra. Snowden has applied an inferred classification to all blocks in the mineral resource. Snowden has not classified any measured blocks after considering the relatively short ranges of gold grade continuity, the current drill hole spacing, the relatively high nugget environment, and use of assigned densities. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves. In the above mineral resource table there may be inconsistencies due to rounding. Estimates are rounded since the figures are not precise calculations. About BonTerra Resources BonTerra is a Canadian gold exploration company based in Vancouver, BC. BonTerra is 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 all located approximately 170 km NE of Val-d'Or and 125 km SW 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 this NSR can be purchased for a sum of $500,000. ON BEHALF OF THE BOARD BONTERRA RESOURCES INC. /s/Thomas Clarke Thomas Clarke 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, such as the statement that: (i) the Company intends to file a NI 43-101 Technical Report with respect to the inferred resource calculation within 45 days of the press release; (ii) the Company intends to undertake additional drilling to upgrade the existing inferred resource calculation into the indicated category and to increase the existing inferred mineral resource; and (iii) management believes there is potential for expansion with further drilling as the resource is open to the northeast, southwest and down dip. 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 drilling and receipt of drill results; (iii) delays with respect to finalizing the Technical Report for filing on SEDAR and regulatory reviews and comments related to same; 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| May 10, 2012 Bonterra Assays 73.82 G/T Gold Over 3.0 Metres At The New Rivage Zone On The Eastern Extension Property, Quebec | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vancouver, BC -- May 10, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the "Company" or "BonTerra") has received exciting high grade gold assays for hole BA-12-10 ("Hole 10"), the first drill hole BonTerra drilled into the Rivage Zone ("Rivage") on its Eastern Extension property (the "Property") which is located approximately 170 km northeast of Val d'Or, Quebec. Hole 10 has surpassed BonTerra's expectations and assayed 73.82 g/t gold over 3.00 metres. The highest grade sample received from this drill hole was 220.00 g/t gold (6.41 Ounces per short ton) in a one metre long drill core sample. This is the highest grade drill core sample BonTerra has received since commencing work on the Property in the fall of 2010. Significant drill results are shown in table 1 with the collar details shown in table 2. Table 1: Significant drill results
Hole 10 was collared approximately 120 metres from the Rivage outcrop and assayed 204 g/t gold in a chip sample. BonTerra also intercepted bonanza gold grades in a smoked, altered and mineralized quartz-carbonate vein. To view a photograph of this mineralized high grade gold vein taken by Robert Gagnon on March 21, 2012, click on the following link: http://www.bonterraresources.com/i/photos/BA-12-10-Long-View.jpg. Management believes this demonstrates a potential continuity of the Rivage. This potential continuity, on top of hitting the target at depth, led BonTerra to drill an additional four (4) holes into the Rivage. Thomas Clarke, Director states "BonTerra is encouraged by the Rivage Zone drill results, the assay of 220 g/t gold and the interception of a new vein on the Property. The discovery of somewhat coarse visible gold at depth was the strongest factor motivating us to drill four additional holes averaging 420 metres in depth into the target before receiving assays for BA-12-10. The area from the Rivage northeast across Lac Barry to the primary drilling area and eastwards further still appears to be one large target. BonTerra has confidence in the high caliber of the Urban-Barry gold camp." Qualified Person This 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. Sample preparation and analysis is discussed below. These sample results disclosed aboved 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 AGAT Laboratories ("AGAT") in Sudbury, Ontario for crushing, and pulverizing. AGAT is independent of the Company and is certified by the Standards Council of Canada (Accredited laboratory 665). 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 shipped to AGAT's head office in Mississauga, Ontario for analysis. 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 and by metallic screen with a fire assay finish. Assay samples are taken from drill core, sawed in half along the core axis. One half is sent to AGAT 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
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 NE of Val-d'Or and 125 km SW 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/Thomas Clarke Thomas Clarke 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, such as the statement that: (i)management believes that there is potential for continuity of the mineralized quartz-carbonate vein intercepted on the Property, and (ii) the Rivage may be traced to greater vertical depths. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| April 18, 2012 Bonterra Assays Multiple Gold Zones, Eastern Extension Property, Quebec | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vancouver, BC - April 18, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the "Company", "BonTerra") has received the first assays for the 2012 drill program on its 100% owned Eastern Extension property (the "Property") situated approximately 170 km northeast of Val d'Or, Quebec. The highlight of the first batch of assays was hole BA-12-02. This hole was drilled on the ice and is characterized by a series of gold zones, one as thick as 19 metres in length assaying approximately one gram per tonne ("g/t") of gold. This zone included one sample assaying 10.20 g/t gold. Assays continue to exhibit smoked quartz veins hosting gold. Significant drill intercepts are outlined in table 1. The collar details of each drill hole disclosed are outlined in table 2. BonTerra now awaits the first assays from the Rivage Zone as well as the anticipated resource calculation being conducted by Snowden. Table 1: Significant assay results
Navjit Dhaliwal, President states, "The second drill hole of 2012 continues to encourage BonTerra and further outlines the high caliber of the Property. Our team has wanted to drill a hole in this area for some time now and favourable ice conditions allowed us to drill this target this past March. This hole is yet another "text book example" of vein hosted gold in the Abitibi, commonly intersected on the Eastern Extension. Holes like this encourage us to keep drilling and to advance this exciting property forward to its first anticipated NI 43-101 resource calculation which is in the final stages of completion by Snowden." Table 2: Collar details of the drill holes disclosed in this news release
Qualified Person This 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. These are sample results are taken from mineralized intervals of the drill holes. Depths and lengths are core lengths and 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 submitted for fire assay. Samples were submitted to AGAT Laboratories ("AGAT") in Sudbury, Ontario for crushing, and pulverizing. 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 shipped to AGAT's head office in Mississauga, Ontario for analysis. 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 and by metallic screen with a fire assay finish. Assay samples are taken from drill core, sawed in half along the core axis. One half is sent to AGAT 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). About BonTerra Resources BonTerra is a Canadian gold exploration company based in Vancouver, BC. BonTerra is 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 NE of Val-d'Or and 125 km SW 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 this 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 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: (i) the Company is awaiting assays from the Rivage Zone; and (ii) the Company is awaiting an anticipated resource calculation on the Property as prepared by Snowden. 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; 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| April 04, 2012 Bonterra Intercepts Two Mineralized Structures in ihe First Hole Drilled Into the Rivage Vein, Eastern Extension | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vancouver, BC - April 4, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the "Company", "BonTerra") announces the continued progression of its third phase of drilling on the Eastern Extension property. In addition to the initial five completed holes reported earlier, BonTerra has completed four more holes on the Property. The core from these four latest holes is currently being logged and sawed to be submitted to AGAT Labs ("AGAT") to be assayed for gold and base metals. One of these four holes was drilled into the Rivage Zone ("Rivage"). The Rivage is situated 700 metres to the southwest of the primary drilling area and a chip sample taken from outcrop of the Rivage vein in the fall of 2011 assayed 204 grams/tonne ("g/t") gold. The Rivage mineralization, like the high grade vein 700 metres to the northeast generally includes visible gold, pyrite, chalcopyrite and sphalerite. The combination of visible gold and sphalerite within smoked and altered quartz veins is of utmost importance for the discovery of bonanza gold grades on the Property. The characteristics of the Rivage appear to be identical to the high grade vein that BonTerra has been drilling 700 metres to the northeast. The discovery of both sphalerite and visible gold in drill core at 190 metres below the surface in BA-12-10 has inspired BonTerra to continue drilling this area. A second mineralized structure approximately 15 metres in width was discovered in the same drill hole at the Rivage. This second and deeper zone ranges from 255 to 270 vertical metres below the surface. This second zone contains 5% sulphides (pyrrhotite + pyrite + chalcopyrite) at the lower contact of the gabbro intrusion. Mineralized zones in the Rivage have been discovered at the surface (204 g/t gold), at 190 metres and now 270 metres below the surface. Due to the prospective nature of the first hole drilled into the Rivage, a second hole is being drilled underneath it to try and trace the Rivage to even greater vertical depths. BonTerra continues drilling the Rivage with the goal of expanding this new zone. Incorporating the Rivage Zone will expand the strike length of the Property to approximately 1,250 metres. In addition to the potential 1,250 metre strike length the Rivage would create, management believes there is potential to add yet another 500 metres of strike to the northeast for a total of 1,750 metres based on the presence of a historical drill hole drilled in 1998 by Xemac Resources ("Xemac"). This historical drill hole is collared approximately 500 metres to the east of the current drilling area. The highest grade sample taken from this historical drill hole (non NI 43-101 Compliant) assayed 89.73 ("g/t") gold over 0.61 metres within a zone assaying 12.2 g/t gold over 4.60 metres. A qualified person has not done sufficient work to verify the historical samples. BonTerra is not relying on the historical results. The historical results may not be indicative of future results on the Property. Management plans to drill this eastern target to verify and upgrade historical results and to determine the presence of mineralized zones, if any, and whether the eastern target may contain results similar to those being discovered half a kilometre to the west. Navjit Dhaliwal, President states "This property continues to reward us as BonTerra has advanced it from one of historical merit to one of great value in a year and a half. Hitting two mineralized zones in our first exploration hole into the Rivage Zone, with one of these two zones containing visible gold exceeded BonTerra's expectations. As a result of the success of this drill hole, BonTerra is planning on drilling two more holes into this structure. When examining the geology of the Property, we have what appears to be an example of Abitibi high-grade gold mineralization. We are optimistic about the future as BonTerra works towards a gold resource calculation and have numerous holes being assayed at this time." Qualified Person This 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. About BonTerra Resources BonTerra is a Canadian gold exploration company based in Vancouver, BC. BonTerra is 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 NE of Val-d'Or and 125 km SW 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 Abitex Resources. 1% of this 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 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: (i) the Rivage may be traced to greater vertical depths (ii) there is potential to add another 500 metres of strike to the northeast for a total of 1,750 metres (iii) there is potential for further expansion to the northwest (iv) management believes the eastern target appears to echo what is being discovered half a kilometre to the west and BonTerra plans to drill the eastern target to validate this hypothesis in the future (v) BonTerra is planning on drilling two more holes into the Rivage Zone (vi) BonTerra is working towards a gold resources 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, including: (i) adverse market conditions; (ii) delays with respect to drill results or preparation of a resource calculation; (iii) the chip sample results and historical results are not representative of future results on the Property, 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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