BonTerra Commences 10,000 Meter Resource Development Drill Program on its 100 Owned Gladiator Gold Project
BonTerra Commences 10,000 Meter Resource Development Drill Program on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Owned Gladiator Gold Project in Quebec, Canada
– Momentum Public Relations – June 20th, 2016
BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that a 2016 Summer Resource Development and Exploration Drill Program has commenced on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project located north of Val d’Or, Québec. The exploration program will include up to 10,000 meters focused on the eastern extension of the Gladiator Project along strike and at depth of the Main and Footwall zones. The Company recently completed approximately 10,000 meters on the western extension of the Gladiator Project, which remains open to the west.
Nav Dhaliwal, President and CEO of BonTerra, stated: “Over the last year we have changed the exploration landscape of the Urban Barry Camp by increasing our land position by over 170{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and expanding the previously known limits of our Gladiator Gold Project by 450m in strike length to the west and to a total depth of 450m. In addition, we have successfully raised close to $6 million with key investors, completed the purchase of the Larder Lake Gold Project in Ontario, and recently announced a strategic financing of up to $5 million to now test the eastern extension of Gladiator. Based on our experience and knowledge of the gold system at Gladiator from our 2016 Winter Drill Program, we can apply our knowledge towards the eastern part of our expanded land position in the Urban Barry Camp that we strategically secured in early 2016. The Gladiator gold system continues to demonstrate the makings of a sizable deposit, where significant ounces may potentially be added to our current gold resource.”
At the Larder Lake Gold Project, BonTerra is currently compiling an extensive historical database completed by Gold Fields Limited when in their previous joint venture with Kerr Mines. This work is now being incorporated into BonTerra’s system and will help to guide future drill programs at the Larder camp to understand the significant historical gold resource.BonTerra Resources Quick Facts:
- -7,563-hectare (Gladiator Project) in the Urban-Barry Camp in Québec containing:
- -Using a 4 g/t Au cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold. Of note, ~90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the worlds operating mines have an average gold grade less than 8 g/t. Mineral Resource Estimate and technical report filed July 27, 2012, Snowden Mining Consultants. -2016 Exploration Program underway – up to 25,000 meters utilizing minimum of two drill rigs at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project to expand current gold resource.
-2,165-hectare (Larder Property) in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice-President Exploration for BonTerra and is a Qualified Person as defined by NI 43-101.
- Published in BonTerra Resources, Business, News Home
BonTerra Announces Financing
BonTerra Announces Financing
– Momentum Public Relations – June 13th, 2016
BonTerra Resources Inc. (TSX-V: BTR, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that it has arranged, subject to TSX Venture Exchange acceptance, a private placement of up to 5,714,285 non flow-through units (the “NFT Units”) at a price of $0.35 per NFT Unit for total gross proceeds of up to $2,000,000 and up to 7,500,000 flow-through shares (the “FT Shares”) at a price of $0.40 per FT Share for total gross proceeds of up to $3,000,000.
Each NFT Unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one addition common share for a period of two years from the date of issue at a price of $0.50 per share.
Finders’ fees may be payable in whole or in part on the placements pursuant to the policies of the TSX Venture Exchange.Proceeds will be used for qualified exploration expenditures on the Company’s gold projects in Quebec and Ontario and for general working capital.
- Published in BonTerra Resources, Mining, News Home
Bonterra (BTR:tsxv) drills 2.5 m of 137.4 g/t Au at Gladiator
BonTerra Extends Western Extension of the Gladiator Deposit by 150 m to 600 m with 2.5 m of 137.4 g/t Gold
– Momentum Public Relations – May 18th, 2016
BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the ” Company ” or ” BonTerra “) is pleased to announce that it has successfully extended the length of its Gladiator gold zones by an additional 150 m to a total strike length of 600 m to date. Assays from an additional eight (8) holes from its 2016 Exploration and Drill Program on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project located north of Val d’Or, Quebec have been received from the western extension and are reported below. To date, all of the 19 holes completed in 2016 have been reported from the winter drilling program designed to extend the western limits of the deposits.
Drill hole #19, targeting the lower and westernmost extents of the Gladiator zones, generated a high-grade intersection of 137.4 g/t over 2.5 m with coarse visible gold having been observed in the core. All of the drill holes reported in this press release are located at or within 50 meters of the known western extents of the Gladiator Deposits. For more information, please visit http://bonterraresources.com
Nav Dhaliwal, President and CEO of BonTerra, commented: “Once again our team has pushed the limits of these deposits along strike and to depth in a significant manner. With only the western extension tested to-date, I look forward to beginning our push along strike to the east this summer.”
2016 Drilling Program Update and Highlights:
- -2.5 m of 137.4 g/t Au in Hole BA-16-19 at westernmost and deepest limits of drilling to date in Main Zone, coarse visible gold was observed over a 0.5 m section of the core;-Intersection of 3.5 m of 12.0 g/t Au in Main Zone drilled less than 100 m below surface in Hole BA-16-14;
-Extends Main Zone further to the west with intersection of 3.0 m of 15.0 g/t Au, at nearly 200 m below surface in Hole BA-16-17;
-Hole BA-16-15 extends Footwall Zone further to the west with intersection of 2.6 m of 8.6 g/t Au at 100 m below surface;
-The Gladiator Deposits, to-date, are outlined over a strike length of 600 m long by 450 m deep, where 23 new drill holes (2015 and 2016) have extended the main deposits and discovered 3 new parallel zones;
-New drill information demonstrates that three zones (Footwall, Main and Intrusive) continue along strike, while three new zones (North Shear 1, North Shear 2 and South) have been identified both to the north and south of the previously known zones.
-8,300 m drilled during 2016 in 19 holes on the western extension of Gladiator Deposit;
-Visible gold was identified in 16 of the 19 holes.
Hole | From
(m) |
To
(m) |
Length
(m) |
Grade
(g/t Au) |
Zone |
BA-16-12 | 75.0 | 84.0 | 9.0 | 1.9 | Main |
BA-16-13 | 82.5 | 83.5 | 1.0 | 2.4 | Main |
BA-16-14 | 107.0 | 110.5 | 3.5 | 12.0 | Main |
193.0 | 203.0 | 10.0 | 1.0 | Intrusive | |
BA-16-15 | 124.0 | 126.6 | 2.6 | 8.6 | Footwall |
224.0 | 226.0 | 2.0 | 6.2 | Main | |
BA-16-16 | 144.0 | 153.0 | 9.0 | 3.0 | Footwall |
205.1 | 207.3 | 2.2 | 4.3 | Main | |
BA-16-17 | 186.0 | 189.0 | 3.0 | 15.0 | Footwall |
BA-16-18 | 197.0 | 200.0 | 3.0 | 2.7 | Footwall |
245.0 | 251.0 | 6.0 | 1.4 | Main | |
BA-16-19 | 288.5 | 291.0 | 2.5 | 137.4 | Main |
Including | 288.5 | 289.0 | 0.5 | 677.0 | Main |
*Stated lengths are core width as drilled, true widths have not yet been determined.
Dale Ginn, Vice President of Exploration of BonTerra, added: “While many gold deposits of the Archean shear hosted type are characterized by numerous plunging bodies of relatively short length along a fault structure, Gladiator is demonstrating remarkable continuity along strike and to depth while the presence of mineralized felsic intrusive along the structures is also indicative strength in the system. Our experience and knowledge of the system was greatly enhanced by our 2016 Winter Drill Program and we look forward to applying our knowledge towards the east.”
Upcoming Program and Next Steps
The western extension of the Gladiator Deposit was targeted based on interpretation of recent geophysical programs and extension of known data from the existing Gladiator zones. With the ice drilling program now complete for the winter season, the project will now focus on the eastern and depth extensions from land-based drill sites. This program is expected to continue with drilling the main zones, following up on the recent discoveries, applying drilling in order to extend the deposits to the east, and following up on targets identified on the Coliseum Property to the west.
BonTerra Resources Quick Facts:
- -7,563-hectare (Gladiator Project) in the Urban-Barry Camp in Quebec containing:
- -Using a 4 g/t Au cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold . Of note, ~90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the worlds operating mines have an average gold grade less than 8 g/t. Mineral Resource Estimate and technical report filed July 27, 2012, Snowden Mining Consultants.-2016 Exploration Program underway – up to 25,000 meters utilizing minimum of two drill rigs at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project to expand current gold resource.
-2,165-hectare (Larder Lake Property) in the Cadillac-Larder Break Camp in Ontario ( refer to March 17, 2016 news release highlighting historical gold resource ).
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice-President Exploration for BonTerra and is a Qualified Person as defined by NI 43-101.
- Published in Blog, BonTerra Resources, Mining, News Home
Bonterra Resources drills 10 m of 9.3 g/t Au in Quebec
BonTerra Extends Main Zone to West with 10 m of 9.3 g/t Au, and Discovers New South Zone with 3.0m of 20.7 g/t Au at its Gladiator Gold Project
– Momentum Public Relations – April 26, 2016
BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the ” Company ” or ” BonTerra “) is pleased to announce that it has received assays on an additional four (4) holes from its 2016 Exploration and Drill Program on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project located north of Val d’Or, Qu e bec. To date, 11 of the 19 holes completed have been reported, with eight (8) holes remaining in the lab. All of the drill holes reported in this press release are located at or within 50 meters of the known western extents of the Gladiator deposits.
Nav Dhaliwal, President and CEO of BonTerra, commented: “Once again we are successful in not only extending the mineralization further to the west in the Main Zone, but we have discovered additional high-grade gold with an intersection of 20.7 g/t over 3.0 meters in the New Zone. Of note, the Main Zone intersected gold at the bottom of the deepest hole, clearly highlighting the strength and size of the Gladiator Gold Deposit.”
2016 Drilling Program Update and Highlights:
-New South Zone discovery intersects 3.0 m of 20.7 g/t Au in Hole BA-16-07 at westernmost limits of drilling to date;
-Intersection of 3.0 m of 3.0 g/t Au drilled in New South Zone in Hole BA-16-08;
-Extends Main Zone further to the west with intersection of 10.0 m of 9.3 g/t Au, including 3.0 m of 27.5 g/t Au, in Hole BA-16-10;
-Hole BA-16-10 extends mineralization down to 445.5 meters in deepest and westernmost hole drilled to date;
-8,300 m drilled to date in 19 holes on the western extension of Gladiator Deposit;
-Visible gold was identified in 16 of the 19 holes;
-The Gladiator Deposits are now outlined to the west by an additional 200 m long by 450 m deep, where 23 new drill holes (2015 and 2016) have extended the main deposits and discovered 3 new parallel zones.
-New drill information demonstrates that three zones (Footwall, Main and Intrusive) continue along strike, while three new zones (North Shear 1, North Shear 2 and South) have been identified both to the north and south of the previously known zones.
Dale Ginn, Vice President of Exploration of BonTerra, added: “We continue to build a very solid, consistent high-grade gold deposit that is demonstrating continuity in multiple zones. I would like to thank our Qu e bec-based exploration team for their hard work and excellent technical management of the 2015 and 2016 exploration program to date.”
Upcoming Program and Next Steps
The western extension of the Gladiator Deposit was targeted based on interpretation of recent geophysical programs and extension of known data from the existing Gladiator zones. With the ice drilling program now complete for the winter season, the project will now focus for the month of April on gathering and compiling information from the new core as received to date and pending. The 30-day window is allowing time for a full interpretation of the initial 19 holes and complete a detailed report of the winter campaign. Upon completion, BonTerra’s technical team will define, target and prepare the next drilling campaign and summer surface work. This program is expected to continue with drilling the main zones, follow up on the recent discoveries, apply drilling in order to extend the deposits to the east, and to follow up on targets identified on the Coliseum Property to the west.
See below a summary for all drill results reported to date from 2015 and 2016 including the most recent results from BA-16-07, BA-16-08, BA-16-10 and BA-16-11:
Hole | From (m) |
To
(m) |
Length
(m) |
Grade
(g/t Au) |
Zone |
BA-15-01A | 62.5 | 66.0 | 3.5 | 9.1 | Footwall |
210.6 | 217.2 | 6.6 | 14.0 | Main | |
Including | 215.9 | 216.7 | 0.8 | 104.5 | Main |
BA-15-02 | 107.6 | 110.2 | 2.6 | 4.7 | Footwall |
224.3 | 225.2 | 0.9 | 7.6 | Gabbro | |
320.5 | 476.0 | 155.5 | 0.5 | Intrusive | |
476.0 | 483.7 | 7.7 | 7.2 | Main | |
BA-15-03 | 187.0 | 188.5 | 1.5 | 4.3 | Footwall |
200.0 | 204.0 | 4.0 | 1.3 | Gabbro | |
219.0 | 220.0 | 1.0 | 3.8 | Gabbro | |
339.0 | 379.0 | 40.0 | 0.4 | Intrusive | |
392.8 | 397.0 | 4.2 | 1.6 | Intrusive | |
479.0 | 499.4 | 20.4 | 0.9 | Intrusive | |
BA-15-04 | 224.0 | 235.4 | 11.4 | 1.5 | Main |
Including | 234.1 | 235.4 | 1.3 | 8.0 | Main |
BA-16-01 | 126.0 | 127.0 | 1.0 | 5.2 | Footwall |
240.0 | 378.0 | 138.0 | 0.4 | Intrusive | |
Including | 299.0 | 302.4 | 3.4 | 1.7 | Main |
Including | 353.8 | 357.0 | 3.2 | 1.9 | Main |
BA-16-02 | 11.0 | 55.0 | 44.0 | 0.4 | New (North Shear 2) |
79.0 | 137.0 | 58.0 | 2.5 | New (North Shear 1) | |
Including | 79.0 | 95.0 | 16.0 | 6.1 | New (North Shear 1) |
Including | 79.0 | 84.0 | 5.0 | 15.3 | New (North Shear 1) |
92.5 | 95.0 | 2.5 | 7.5 | New (North Shear 1) | |
103.0 | 145.0 | 42.0 | 1.0 | Local Shear | |
BA-16-03 | 4.0 | 9.0 | 5.0 | 9.0 | Footwall |
Including | 4.0 | 6.9 | 2.9 | 13.5 | Footwall |
BA-16-04 | 64.0 | 70.0 | 6.0 | 10.4 | Main |
BA-16-05 | 25.0 | 26.5 | 1.5 | 3.5 | Main |
184.0 | 186.0 | 2.0 | 12.7 | Main | |
290.7 | 294.0 | 3.3 | 29.0 | New (South) | |
BA-16-06 | 20.8 | 30.0 | 9.2 | 2.1 | Footwall |
336.0 | 337.5 | 1.5 | 3.0 | Intrusive | |
416.0 | 420.0 | 4.0 | 1.7 | Main | |
BA-16-07 | 142.6 | 147.0 | 4.4 | 8.0 | Main |
Including | 144.2 | 147.0 | 2.8 | 11.9 | Main |
155.0 | 156.0 | 1.0 | 14.9 | Main | |
378.0 | 381.0 | 3.0 | 20.7 | New South | |
BA-16-08 | 245.0 | 332.8 | 87.8 | 0.31 | Intrusive |
368.0 | 371.0 | 3.0 | 3.0 | New South | |
BA-16-09 | 21.7 | 27.4 | 5.7 | 24.3 | Main |
110.1 | 111.2 | 1.1 | 41.7 | Main | |
364.0 | 369.0 | 5.0 | 1.8 | New (South) | |
BA-16-10 | 318.0 | 328.0 | 10.0 | 9.3 | Main |
Including | 321.0 | 324.0 | 3.0 | 27.5 | Main |
438.0 | 445.5 | 7.5 | 1.1 | New South | |
BA-16-11 | 35.0 | 36.7 | 1.7 | 13.6 | Main |
40.9 | 44.0 | 3.1 | 4.6 | Main | |
187.4 | 187.9 | 0.5 | 24.4 | New South |
*Stated lengths are core width as drilled, true widths have not yet been determined.
BonTerra Resources Quick Facts:
-7,563-hectare (Gladiator Project) in the Urban-Barry Camp in Quebec containing:
-Using a 4 g/t Au cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold . Of note, ~90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the worlds operating mines have an average gold grade less than 8 g/t. Mineral Resource Estimate and technical report filed July 27, 2012, Snowden Mining Consultants.
-2016 Exploration Program underway – up to 25,000 meters utilizing minimum of two drill rigs at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project to expand current gold resource.
-2,165-hectare (Larder Property) in the Cadillac-Larder Break camp in Ontario ( refer to March 17, 2016 news release highlighting historical gold resource ).
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice-President of Exploration for BonTerra and is a Qualified Person as defined by NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
- Published in Blog, BonTerra Resources, Mining, News Home