Uranium - Gold - Diamonds
James Bay, Quebec - Athabasca Basin, Saskatchewan - Carlin Trend, Nevada
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Message: Bonaventure Enterprises Inc.: K9 Winter Drill Results Point to Broader Interval
Bonaventure Enterprises Inc.: K9 Winter Drill Results Point to Broader Intervals of Significant Uranium Mineralization Providing Strong Support for Geological Model
BONAVENTURE ENTERPRISES INC. (TSX VENTURE: BVT)(FRANKFURT: YQG) is pleased to provide additional results from the recently completed 4,229m of the 20,000m diamond drilling 2008 program on the Company's K9 Uranium Property.
Highlights include:
- 23 of 25 drill holes with uranium mineralization:
- 19 holes showing grades of 0.10 kg/t U3O8 or better;
- 5 drill holes (K9-03, 09, 11, 13 and 21) intersected 50m to 100m wide with 0.10 kg/t U3O8; and
- 0.25 kg/t U3O8 over 5.1m and 0.13 kg/t U3O8 over 11.2m in K9-03;
Priority sampling on approximately 15% of the drill core assayed to date indicate that the uranium at surface is continuous at depth as a series of uranium enriched zones of variable widths, five of which are minimum 50m wide in the least prospective "B" zone portion of the K9 Uranium Corridor. The balance of the outstanding 85% of the drill core assays are expected to be completed as soon as possible.
"The initial results indicate that we have intersected the uranium system that we were targeting which is critical in the development of our geological model. Drilling on the most prospective "A" zone will likely confirm higher uranium grades based on surface sampling results from 2007. The results are particularly encouraging as they reinforce why the Property has some of the highest primary bedrock and secondary lake-bottom sediment uranium readings in Quebec" said Mr. Jean Lafleur, P. Geo. President and CEO of the Company.
Appended Figures 1 and 2 illustrate the K9 property, the K9 Uranium Corridor, the most prospective "A" zone and "B" zone, the geophysical uranium anomalies and the location of diamond drill holes. The uranium assay results in excess of 0.10 kg/t U3O8 over 0.5m are listed in the following table:
------------------------------------------------------------
U308 U308
DIAMOND FROM TO LENGTH GRADE GRADE
DRILL # (m) (m) (m) (kg/tonne) (lbs/ton)
------------------------------------------------------------
K9-03 6.9 10.5 3.6 0.16 0.32
--------------------------------------------------
52.8 57.9 5.1 0.25 0.52
--------------------------------------------------
97.3 108.5 11.2 0.13 0.26
------------------------------------------------------------
K9-07 91.9 92.7 0.8 1.38 2.76
--------------------------------------------------
117.3 118.1 0.8 0.17 0.34
------------------------------------------------------------
K9-09 5.1 6.1 1.0 0.14 0.27
--------------------------------------------------
18.0 19.5 1.5 0.17 0.35
--------------------------------------------------
26.6 30.3 3.0 0.10 0.20
--------------------------------------------------
63.4 64.2 0.8 0.45 0.90
--------------------------------------------------
102.6 104.6 2.0 0.15 0.30
------------------------------------------------------------
K9-11 58.3 58.8 0.5 0.11 0.23
--------------------------------------------------
69.2 69.8 0.6 0.12 0.24
--------------------------------------------------
184.0 185.1 1.1 0.11 0.21
--------------------------------------------------
202.5 203.3 0.8 0.52 1.04
------------------------------------------------------------
K9-13 12.4 16.3 3.9 0.18 0.36
--------------------------------------------------
99.6 100.4 0.8 0.24 0.49
--------------------------------------------------
128.7 130.3 1.6 0.27 0.54
--------------------------------------------------
130.6 131.8 1.2 0.20 0.40
--------------------------------------------------
133.5 134.3 0.8 0.18 0.35
------------------------------------------------------------
K9-19 10.6 11.3 0.7 0.14 0.28
--------------------------------------------------
64.3 64.8 0.5 0.19 0.38
--------------------------------------------------
66.3 67.3 1.0 0.16 0.31
------------------------------------------------------------
K9-20 64.8 66.0 1.2 0.13 0.25
--------------------------------------------------
72.8 73.5 0.8 0.14 0.29
------------------------------------------------------------
K9-21 40.9 42.2 1.3 0.34 0.69
--------------------------------------------------
67.1 67.8 0.7 0.29 0.59
------------------------------------------------------------
- Drill core samples were bagged in 0.2m to 1.9m length, tagged
with sample numbers, sealed and shipped to ALS Group Laboratories
(Chemex) Laboratory in Val d'Or (Quebec), where samples were bar-
coded, dried, weighed, crushed and pulverized. A 50 gram portion
of the -200 mesh fraction was shipped to North Vancouver (B.C.) for
quantitative chemical analysis using the ME-MS61 (Mass spectrometer)
Elements Assay Protocol. Standards, blank and duplicate samples
were added for Quality Assurance and Quality Control.
The U3O8 assay results from diamond drill holes K9-01 to K9-24 from the eastern "B" zone of the K9UC are available on the Company website at www.bonaventure.us.
About Bonaventure Enterprises
Bonaventure Enterprises Inc. (TSX VENTURE: BVT)(FRANKFURT: YQG) is a mineral exploration company focused on developing a diversified portfolio of excellent uranium properties in Canada and promising gold properties in Nevada leading to NI 43-101 compliant Mineral Resources in the near term.
The property portfolio consists of uranium and gold exploration assets. The Company has a 100% interest in the flagship K9 Uranium Property located in the James Bay region in Quebec, as well as other uranium assets located in the North Shore region of Quebec and uranium, polymetallic and diamond assets located in the Athabasca Basin in Saskatchewan.
The Company holds highly prospective gold exploration properties in Nevada with the potential to host Carlin-type gold deposits. The Company has an option agreement to acquire up to 60% interest in the New Pass Property located in Austin, Nevada and the Squaw Creek Property located on the northern extension of the Carlin Trend in northern Nevada. The Company also holds a 100% interest in the Goldfields, Cottonwood, Jet and Northern Lights properties located in western and southern Nevada.
On behalf of the Board of Directors
Jean Lafleur, P. Geo., President and CEO, Director
The Company's public documents may be accessed at www.sedar.com. For further information on the Company, please visit our website at www.bonaventure.us.
This news release may contain forward-looking statements reflecting the Company's objectives, estimates, expectations and the impact of acquisitions on the Company's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from the Company's projections or expectations.
To view the maps accompanying the release please click on the following link: http://media3.marketwire.com/docs/Bo... .
The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
First Canadian Capital
Daniel Boase
1-866-580-8891
First Canadian Capital
Leo Karabelas
1-866-580-8891
Email: [email protected]
ParaDox Public Relations
1-866-460-0408
Email: [email protected]
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