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Message: Bonterra Continues to Expand the Gladiator Gold Deposit and Intersects 15.3 g/t Gold over 2.7 m

 

2018-07-17 07:30:00 AM ET (CNW Group)
   
   

Bonterra Resources Inc. (TSXV: BTR) (US: BONXF) (FSE: 9BR1) (the "Company" or "Bonterra") is pleased to announce the latest drilling results from the ongoing Resource Development Program at the Gladiator Gold Deposit, including an intersection of 15.3 g/t Au over 2.7 m, extending the Footwall Zone down-plunge to the east. Recent drilling results extended mineralization along multiple zones and continues to demonstrate the continuity of the high-grade gold mineralization at depth and along strike at the Gladiator Deposit.

Highlights and Observations:

    --  Infill and extension drill results continue to demonstrate the
        continuity of the deposit, highlighting the predictability of
        the mineralized zones.
    --  Hole BA-18-54 intersected the Footwall Zone with 15.3 g/t Au
        over 2.7 m approximately 500 m below surface. This intersection
        increases the Footwall Zone considerably in both size and
        grade, expanding the potential down plunge.
    --  This intersection increases the Footwall Zone considerably in
        both size and grade, expanding the potential down plunge.
    --  Step out hole BA-18-44 intersected the Footwall Zone with 9.1
        g/t Au over 2.0 m, expanding mineralization westwards in the
        Rivage area, and opens the zone to depth on westside of the
        deposit.
    --  Hole BA-18-49A intersected the North Zone in the Rivage area
        with 12.2 g/t Au over 1.5 m, extending the depth, and opened up
        new high-grade mineralization down plunge to 300 m below
        surface.
    --  Hole BA-18-50 intersected the South Zone at 300 m below
        surface, proving the predictability of the geological model and
        adding definition to the high-grade chute recently defined at
        the east side of the deposit.
    --  BA-18-48 intersected the North Zone and expanded the high-grade
        chute up plunge towards surface in the east side of the deposit
        with 12.6 g/t Au over 1.3 m.
    --  To date, continuity of mineralization is now confirmed over a
        total drilled strike length on at least four horizons (North,
        Footwall, Main and South) of 1,200 m, as well as a drilled
        depth of over 1,000 m.


Positive results from step out drilling in both the Rivage and eastern areas of the deposit continue to indicate the potential for further expansion of the Gladiator Deposit along defined high-grade chutes and highlights the predictability of the geological model. Infill drilling at the Gladiator Deposit also validates the model and demonstrates the continuity of the mineralization. The resource development program continues with five drills at the deposit focused on infill and step-out drilling in preparation for the updated mineral resource estimate in Q4 2018.

    Hole      From        To       Length*       Grade       Zone/Area

               (m)       (m)         (m)       (g/t Au)
    ---        ---       ---         ---       --------

    BA-18-44       355.0     357.0         2.0           9.1   Footwall Zone
    --------       -----     -----         ---           ---   -------------

    BA-18-45       406.0     407.3         1.3           4.9   Footwall Zone
    --------       -----     -----         ---           ---   -------------

                   585.0     586.0         1.0           7.9     Main Zone
                   -----     -----         ---           ---     ---------

    BA-18-47       285.0     286.0         1.0           8.4    North Zone
    --------       -----     -----         ---           ---    ----------

                   469.0     470.0         1.0           7.1     Main Zone
                   -----     -----         ---           ---     ---------

    BA-18-48       458.5     459.8         1.3          12.6    North Zone
    --------       -----     -----         ---          ----    ----------

    BA-18-49A      464.5     466.0         1.5          12.2    North Zone
    ---------      -----     -----         ---          ----    ----------

    BA-18-50       544.0     547.0         3.0           8.4    South Zone
    --------       -----     -----         ---           ---    ----------

    BA-18-54       743.0     744.0         1.0          12.6    North Zone
    --------       -----     -----         ---          ----    ----------

                   781.0     783.7         2.7          15.3   Footwall Zone
                   -----     -----         ---          ----   -------------

    *Stated lengths are core width as
     drilled, true widths vary and
     average between 60 and 80
     percent of drilled widths. Core
     axis angles of the intersection
     contacts and surrounding rock
     units average 55 to 70 degrees.

Please see http://bonterraresources.com/projects/gladiator-project/maps-sections/ for updated maps including long sections and cross sections.

Bonterra Resources Quick Facts:

    --  Well financed with approximately $65 million raised since 2017.
    --  Strong Shareholder Base including: Eric Sprott, Van Eck,
        Kirkland Lake Gold
    --  Gladiator Gold Deposit:
  o Deposit extension and resource expansion underway with 60,000 m
    completed in 2017 and 70,000 m planned for 2018.
  o Advancing to the completion of an updated NI 43-101 Mineral
    Resource Estimate in the Q4 2018.
  o Drilled dimensions of the Gladiator Gold Deposit are currently
    outlined to a depth of over 1,000 m below surface and a strike
    length of 1,300 m.
  o Gladiator remains open in all directions, where at least six
    distinct sub-parallel zones or mineralized horizons have been
    identified.
  o Drilling is currently focused on the continued expansion of
    Gladiator Gold Deposit and exploration targets within the
    10,541-hectare Urban-Barry property.
    --  Larder Lake Gold Property:
  o 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in
    Ontario (refer to March 17, 2016 news release highlighting
    historical gold resource).
  o Excellent access to three high grade gold deposits between Kirkland
    Lake and Virginiatown.


Robert Gagnon, P.Geo., has approved the information contained in this release. Mr. Gagnon is a director of Bonterra and is a Qualified Person as defined by NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Nav Dhaliwal, President & CEOBonterra Resources Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Bonterra disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

View original content with multimedia:http://www.prnewswire.com/news-releases/bonterra-continues-to-expand-the-gladiator-gold-deposit-and-intersects-15-3-gt-gold-over-2-7-m-300681904.html

SOURCE Bonterra Resources Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2018/17/c6064.html

SOURCE: Bonterra Resources Inc.

on Bonterra, contact Investor Relations: Telephone: 1 844 233 2034, Email:
[email protected], Website: www.bonterraresources.com
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