VANCOUVER, BC--(Marketwire -04/04/12)-
BonTerra Resources Inc. / BonTerra Resources Inc. : BONTERRA INTERCEPTS TWO MINERALIZED STRUCTURES IN THE FIRST HOLE DRILLED INTO THE RIVAGE VEIN, EASTERN EXTENSION . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
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Telephone: (604) 678-5308
Fax: (604) 678-5309
TSX.V - BTR
FSE - 9BR
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."
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.
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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Source: BonTerra Resources Inc. via Thomson Reuters ONE [HUG#1600016]