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News
16.12.2010
BonTerra Resources Inc.: Phase Two Drilling Targets Expansion of High Grade Gold Zone, Eastern Extension Property, Quebec
BonTerra Resources Inc.: Phase Two Drilling Targets Expansion of High Grade Gold Zone, Eastern Extension Property, Quebec
Vancouver, BC – December 16, 2010: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company”, “BonTerra”) announces the second phase of drilling is underway on the discovery zone of the Eastern Extension property.
This program is composed of three holes with planned depths of 200 metres each. These three holes are being drilled to test the strike extension of the first phase of drilling. The first phase of drilling identified high grade gold values in the first three holes. As reported in a news release dated November 9, 2010 BA-10-01 returned 17.06 g/t gold over 13.50 metres while BA-10-02 assayed 21.24 g/t gold over 7.73 metres. BonTerra continues its work to expand the size of this known high grade gold zone on the Eastern Extension. It is the intent of the Company to release the results of all three of these holes in January.
The Company also intends to drill additional targets on the property as well as the discovery zone. Lines are currently being cut for a winter ground based magnetic and IP surveys. These surveys will also aid in guiding further drilling on the Eastern Extension Property. The Company also announces it has completed the construction of its winter camp on the property. All exploration in the region will be based out of BonTerra’s new camp.
Mitchell Adam, President, states, “We are excited about the pace of the work programs in the Urban-Barry belt. It is a testament to the many partnerships the Company has been developing in the area. BonTerra looks forward to receiving assays from these three holes in the new year. BonTerra will continue to aggressively advance the property through both diamond drilling and geophysics.”
The Eastern Extension property is located approximately 170 km NE of Val-d’Or and 125 km SW of Chibougamau in the Barry and Bailly townships in the Abitibi Greenstone Belt, Québec. BonTerra’s Urban-Barry property is situated just west of the Eastern Extension property. Neighboring companies in the region are Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana and Freewest, Murgor and Noront. The Company has an option to earn 100% of the Eastern Extension property subject to a 2% NSR.
The Company has chosen to employ a full quality assurance and quality control (QAQC) system for every batch of samples submitted to the lab. The QAQC samples include a standard, duplicate and blank. Geologica Inc. of Val d’Or, Québec is responsible for overseeing the drill and sampling program on behalf of the Company.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Thomas Clarke, Pr.Sci.Nat, a qualified person and a Director of the Company.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Mitchell Adam
Mitchell Adam
President, Director
For further information contact:
Mitchell Adam
info@bonterraresources.com
www.bonterraresources.com
Tel: (604) 678-5308
fax: (604) 678-5309
Toll Free: 1-855-678-5308
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 BonTerra such as the statement that: (i) BonTerra believes the proposed property is on strike with its current drill program; and (ii) BonTerra may close the acquisition and receive approval from the TSX Venture Exchange. There are numerous risks and uncertainties that could cause actual results and BonTerra’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) BonTerra receiving approval from the TSX Venture Exchange; (ii) the parties closing the property acquisition agreement; (iii) adverse market conditions; (iv) a decrease in demand for and price of gold; (v) general uncertainties with respect to mineral exploration in general; and (v) inability to raise required financing. 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, BonTerra 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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Vancouver, BC – December 16, 2010: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company”, “BonTerra”) announces the second phase of drilling is underway on the discovery zone of the Eastern Extension property.
This program is composed of three holes with planned depths of 200 metres each. These three holes are being drilled to test the strike extension of the first phase of drilling. The first phase of drilling identified high grade gold values in the first three holes. As reported in a news release dated November 9, 2010 BA-10-01 returned 17.06 g/t gold over 13.50 metres while BA-10-02 assayed 21.24 g/t gold over 7.73 metres. BonTerra continues its work to expand the size of this known high grade gold zone on the Eastern Extension. It is the intent of the Company to release the results of all three of these holes in January.
The Company also intends to drill additional targets on the property as well as the discovery zone. Lines are currently being cut for a winter ground based magnetic and IP surveys. These surveys will also aid in guiding further drilling on the Eastern Extension Property. The Company also announces it has completed the construction of its winter camp on the property. All exploration in the region will be based out of BonTerra’s new camp.
Mitchell Adam, President, states, “We are excited about the pace of the work programs in the Urban-Barry belt. It is a testament to the many partnerships the Company has been developing in the area. BonTerra looks forward to receiving assays from these three holes in the new year. BonTerra will continue to aggressively advance the property through both diamond drilling and geophysics.”
The Eastern Extension property is located approximately 170 km NE of Val-d’Or and 125 km SW of Chibougamau in the Barry and Bailly townships in the Abitibi Greenstone Belt, Québec. BonTerra’s Urban-Barry property is situated just west of the Eastern Extension property. Neighboring companies in the region are Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana and Freewest, Murgor and Noront. The Company has an option to earn 100% of the Eastern Extension property subject to a 2% NSR.
The Company has chosen to employ a full quality assurance and quality control (QAQC) system for every batch of samples submitted to the lab. The QAQC samples include a standard, duplicate and blank. Geologica Inc. of Val d’Or, Québec is responsible for overseeing the drill and sampling program on behalf of the Company.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Thomas Clarke, Pr.Sci.Nat, a qualified person and a Director of the Company.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Mitchell Adam
Mitchell Adam
President, Director
For further information contact:
Mitchell Adam
info@bonterraresources.com
www.bonterraresources.com
Tel: (604) 678-5308
fax: (604) 678-5309
Toll Free: 1-855-678-5308
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 BonTerra such as the statement that: (i) BonTerra believes the proposed property is on strike with its current drill program; and (ii) BonTerra may close the acquisition and receive approval from the TSX Venture Exchange. There are numerous risks and uncertainties that could cause actual results and BonTerra’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) BonTerra receiving approval from the TSX Venture Exchange; (ii) the parties closing the property acquisition agreement; (iii) adverse market conditions; (iv) a decrease in demand for and price of gold; (v) general uncertainties with respect to mineral exploration in general; and (v) inability to raise required financing. 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, BonTerra 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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA09852X1078">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA09852X1078</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.