Bonterra Resources

Bonterra, V.BTR, goldBonterra (BTR: TSX-V | BONXF: US | 9BR:FSE) is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand its NI 43-101 compliant gold resource on its West Arena Property, part of the world famous Abitibi Greenstone Belt in mining-friendly Quebec.

For more information see Bonterra’s website here

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Bonterra’s Winter Drill Program Discovers 6th Parallel Gold Zone at the Gladiator Gold Deposit

Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the first significant intersections of a new “sixth parallel” gold zone at the Gladiator Gold Deposit. This newly discovered gold zone, located approximately 50 m south of the Barbeau Zone, is parallel to and geologically similar to the other five mineralized zones currently modelled at the expanding deposit. Additional drilling is now underway to test further to the south to intercept and expand this new zone. The ongoing drilling campaign, which will total ~70,000 m in 2018, includes infill and expansion drilling at the Gladiator Gold Deposit. Multiple drill holes are in the lab with assays pending.

Highlights and Observations:

  • A new gold zone was recently discovered in Hole BA-18-09, at the Gladiator Gold Deposit, with 11.8 g/t Au over 2.6 m intercepted south of the Barbeau Zone, increasing the number distinct mineralized gold zones to six.
  • Infill drill results continue to demonstrate the continuity of the deposit, highlighting the predictability of the mineralized zones.
  • Hole BA-18-12 intersected 16.3 g/t Au over 3.4 m at the South Zone at 266 m depth. This intersection continues to confirm the continuity of the South Zone on the western side of the Gladiator Deposit.
  • Hole BA-18-11 intersected high-grade gold in five mineralized zones, including 10.1 g/t Au over 2.4 m in the Barbeau Zone. This highlights the predictability of multiple mineralized zones and validates the geological model.
  • Hole BA-18-10A intersected 16.5 g/t Au over 2.2 m in the Main Zone and confirms the continuous nature of the modelled mineralized zones.
  • 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 1,000+ m.

Hole

From

(m)

To

(m)

Length*

(m)

Grade

(g/t Au)

Zone/Area

BA-18-09

170.0

172.0

2.0

3.9

North

BA-18-09

375.7

377.0

1.3

5.9

FW

BA-18-09

438.0

439.1

1.1

3.5

Main

BA-18-09

764.0

766.6

2.6

11.8

New

BA-18-10A

681.5

683.7

2.2

16.5

Main

BA-18-11

61.5

63.0

1.5

4.9

Main

BA-18-11

103.0

105.0

2.0

8.5

South

BA-18-11

118.8

120.4

1.6

7.7

South

BA-18-11

177.0

179.4

2.4

10.1

Barbeau

BA-18-11

308.0

310.0

2.0

6.4

New

BA-18-12

266.0

269.4

3.4

16.3

South

*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://www.bonterraresources.com/en/gladiator/maps-sections for updated maps including long sections and cross sections.

Bonterra Resources Quick Facts:

  • Well financed with approximately $60 million raised in past 12 months.
  • Strong Shareholder Base including: Eric Sprott, Van Eck, Kirkland Lake Gold
  • Gladiator Gold Deposit:
    • Deposit extension and resource expansion underway with 60,000 m completed in 2017 and 70,000 m planned for 2018.
    • Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in the second half of 2018.
    • Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of 1,000 m below surface, and a strike length of 1,200 m.
    • Gladiator remains open in all directions, where at least six distinct sub-parallel zones or mineralized horizons have been identified.
    • 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:
    • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
    • 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 & CEO
Bonterra 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.

SOURCE Bonterra Resources Inc.

For further information: on Bonterra, contact Investor Relations, Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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Bonterra Extends Gladiator Gold Deposit Further Westward 17.8 g/t Au Intersected over 3.0 Meters

Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the latest results from the ongoing winter drilling campaign at the Gladiator Gold Deposit, including an intersection of 17.8 g/t Au over 3.0 m. High-grade intersections extend multiple zones westward, adding strike length at the Rivage Gap and continue to demonstrate the continuity of the deposit, highlighting the predictability of the mineralized zones. The ongoing drilling campaign, totaling 70,000 m in 2018, includes infill and definition drilling at the Gladiator Gold Deposit. Multiple drill holes are in the lab with assays pending.

Highlights and Observations:

  • Results from four recent drill holes demonstrate the continuity of the Gladiator Gold Deposit. The four drill holes were drilled on the ice and focused on the western side of the deposit. Two holes, BA-18-07 and BA-18-08, extend the near-surface strike length of multiple zones westward at the Rivage Gap, an area with minimal drilling.
  • Hole BA-18-05 intersected 9.3 g/t Au over 3.1 m at the North Zone, 4.2 g/t Au over 1.5 m at the Footwall Zone, 6.9 g/t Au over 1.3 m at the Main Zone and 3.5 g/t Au over 1.2 m at the Barbeau Zone. Multiple intersections in BA-18-05 confirm the continuous nature of the modelled mineralized zones.
  • Hole BA-18-06 intersected 6.1 g/t Au over 2.5 m at 350 m depth the South Zone. and 4.7 g/t Au over 2.0 m at 200 m depth in the North Zone.
  • Holes BA-18-07 and BA-18-08 added near-surface strike length to the North and South zones at the Rivage Gap. BA-18-07 intersected the North Zone with 8.8 g/t Au over 1.3 and the South Zone at 5.8 g/t Au over 1.2 m. BA-18-08 intersected 17.8 g/t Au over 3.0 m at the South Zone.
  • 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 1,000+ m.

Hole BA-18-07 intersected the North Zone near surface with 8.8 g/t over 1.3 m and the South Zone at 230 m depth with 5.8 g/t Au over 1.2 m. BA-18-07 is the most western hole drilled in 2018 at the Gladiator Gold Deposit so far, with anomalous gold intersected across all mineralized horizons. Results from BA-18-07 extend multiple mineralized zones to the west, adding over 100 m of strike length near surface.

BA-18-08 intersected 17.8 g/t Au over 3.0 m at the South Zone at 250 m depth. This intersection occurs in an area with minimal drilling and confirms the continuity of the South Zone on the western side of the Gladiator Deposit.

The seven-drill, 30,000 m winter drilling campaign, is part of the ongoing resource development program at the Gladiator Gold Deposit. Bonterra continues to advance the development of the Gladiator Gold Deposit through definition drilling across all mineralized horizons.

Hole

From

(m)

To

(m)

Length*

(m)

Grade

(g/t Au)

Zone/Area

BA-18-05

655.5

658.6

3.1

9.3

North Zone

BA-18-05

777.7

779.2

1.5

4.2

Footwall Zone

BA-18-05

787.0

788.3

1.3

6.9

Main Zone

BA-18-05

1017.3

1018.5

1.2

3.5

Barbeau Zone

BA-18-06

257.0

259.0

2.0

4.7

North Zone

BA-18-06

575.0

577.5

2.5

6.1

South Zone

BA-18-07

12.7

14.0

1.3

8.8

North Zone

BA-18-07

115.0

116.0

1.0

3.0

Main Zone

BA-18-07

299.0

300.2

1.2

5.8

South Zone

BA-18-08

309.0

312.0

3.0

17.8

South 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://www.bonterraresources.com/en/gladiator/maps-sections for updated maps including long sections and cross sections.

Bonterra Resources Quick Facts:

  • Well financed with approximately $60 million raised in past 12 months.
  • Strong Shareholder Base including: Eric Sprott, Van Eck, Kirkland Lake Gold
  • Gladiator Gold Deposit:
    • Deposit extension and resource expansion underway with 60,000 m completed in 2017 and 70,000 m planned for 2018.
    • Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in the second half of 2018.
    • Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of 1,000 m below surface, and a strike length of 1,200 m.
    • Gladiator remains open in all directions, where at least five distinct sub-parallel zones or mineralized horizons have been identified.
    • 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:
    • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
    • 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 & CEO
Bonterra 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.

SOURCE Bonterra Resources Inc.

For further information: on Bonterra, contact Investor Relations, Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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Bonterra Announces Vice President Operations and Provides Update on Winter Drill Program and Metallurgical Studies

 Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce both the appointment of Mr. Peter A. Ball as Vice President of Operations and an update of the ongoing Winter Drill Program and metallurgical studies.

“I am pleased to have Peter formally join the Bonterra team, as he has been a Board Advisor since 2015. Originally from Kirkland Lake, Ontario, and a fifth generation mining professional, he brings extensive knowledge of the mining sector stretching back to the 1980s, where he commenced his career working as a mining engineer. Peter has held senior level executive positions with multiple precious and base metals companies, including recently the CEO of a North American gold exploration company. Peter will be a valued addition to the Bonterra senior management team as Vice President ofOperations as we push forward with our metallurgical studies and resource update,” stated Nav Dhaliwal, President and CEO of the Company.

Mr. Ball is a mining professional with over 25 years of experience in mining engineering, corporate finance, business development and marketing, and most recently held the position of President & CEO of Redstar Gold Corp. Mr. Ball began his career in the late 1980s working as a mining engineer, and subsequently in various management and senior executive roles for numerous companies including Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., Eldorado Gold Corp., Adriana Resources Inc., Argentex Mining Corp., Century Mining Corp., and Columbus Gold Corp. He currently serves as a Director for several publicly listed companies and is a graduate of the Haileybury School of Mines and Georgian Business College. Mr. Ball has been active with Bonterra since 2015 as a Board advisor.

Dale Ginn, VP Exploration, commented, “I have known Peter since the early 1990s when we had the opportunity to work together for a few years during a period of successive new discoveries and mine developments at Hudson Bay Mining & Smelting, and when Peter worked as a senior mining engineer. I am pleased to once again team up as we continue to advance the resource development program at the Gladiator Gold Project. Peter’s technical skills, along with his extensive capital markets experience, is a great addition to the team as we accelerate our development activities at Gladiator.”

Metallurgical Studies Review

ALS Metallurgy (“ALS”) of Kamloops, British Columbia, has been contracted to complete metallurgical studies for the Gladiator Gold Deposit. The metallurgical work will include at minimum; grind optimization, gravity separation, flotation, and cyanide leach testing. These studies are intended to provide an initial look at the characteristics of mineralization to help guide future optimization test work and processing flow sheet specifications. ALS will complete the work on approximately 45 kg of composite sample from the Main Zone from two wide diameter holes (MT-18-01, MT-18-02). Optimization work will continue as results are received and the Company does not anticipate disclosing results until completion in Q2-2018. Results from the metallurgical test work will be an integral part of the information to be used in the future potential engineering studies as we continue to de-risk the Gladiator Gold Deposit.

Winter Drill Program Review

The ongoing drilling campaign, totaling 70,000 meters in 2018, includes infill and definition drilling at the Gladiator Gold Deposit. The Winter Drill Program is comprised of five (5) drill rigs completing ~25,000 meters on the Gladiator Gold deposit, and is focused on definition drilling at a 50-meter drill hole spacing for the updated resource estimate in the second half of 2018. In addition, two (2) drill rigs, completing ~5,000 meters, have been deployed on regional exploration targets to the southwest (Coliseum Zone) and to the northeast (St. Cyr Zone).

Both the preliminary metallurgical studies and accelerated drill programs are on schedule and budget, ensuring the completion of our mineral resource update in the second half of 2018.

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

Bonterra Resources Quick Facts:

  • Well financed with approximately $60 million raised in past 12 months.
  • Strong Shareholder Base including: Eric Sprott, Van Eck, Kirkland Lake Gold
  • Gladiator Gold Deposit:
    • Deposit extension and resource expansion underway with 60,000 m completed in 2017 and 70,000 m planned for 2018.
    • Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in the second half of 2018.
    • Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of 1,000 m below surface, and a strike length of 1,200 m.
    • Gladiator remains open in all directions, where at least five distinct sub-parallel zones or mineralized horizons have been identified.
    • 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:
    • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
    • 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 & CEO
Bonterra 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.

SOURCE Bonterra Resources Inc.

For further information: Bonterra, contact Investor Relations, Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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Bonterra Continues to Demonstrate Continuity of the Gladiator Gold Deposit Intersecting 16.9 g/t Gold over 6.5 m

Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce initial results from the ongoing winter drilling campaign at the Gladiator Gold Deposit, including an intersection of 16.9 g/t Au over 6.5 m. High-grade intersections from four recent drill holes continue to demonstrate the continuity of the deposit and once again highlight the predictability of the mineralized zones with increased drilling density. The ongoing drilling campaign, totaling 70,000 m in 2018, includes infill and definition drilling at the Gladiator Gold Deposit. Five active drill rigs are currently focused to support the timing and completion of an updated mineral resource estimate in the second half of 2018.

Highlights and Observations:

  • Hole BA-18-04 intersected 16.9 g/t Au over 6.5 m at the Main Zone and 14.1 g/t Au over 1.5 m at the South Zone.
  • MT-18-01 intersected the Main Zone with 8.4 g/t Au over 2.9 m and 8.6 g/t Au over 3.6 m. MT-18-02 intersected the Main Zone with 9.3 g/t Au over 4.0 m. These holes will provide the representative sample for the ongoing metallurgical studies and add infill definition to the Main Zone.
  • Hole BA-18-03A intersected the Main Zone, adding strike length at depth with 3.5 g/t Au over 2.0 m.
  • Initial results from the ongoing winter drilling campaign demonstrate the continuity of the Gladiator Deposit and strength of the geological model with increased drill density.
  • 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 1,000+ m.

Dale Ginn, VP Exploration, stated, “Initial results from the winter drilling campaign continue to highlight the predictability of the mineralized zones and the validity of the geological model. The positive results from the large diameter drilling will contribute to the success of the preliminary metallurgical work at the deposit. Bonterra continues to successfully execute its aggressive resource development program with seven active drills on site, and five drills at work on the Gladiator Gold Deposit.”

MT-18-01 intersected the Main Zone with 8.4 g/t Au over 2.9 m and 8.6 g/t Au over 3.6 m. MT-18-02 intersected the Main Zone with 9.3 g/t Au over 4.0 m. Both MT-18-01 and MT-18-02 were large HQ-diameter drill holes through the Main Zone. These holes were designed to contribute to the representative metallurgical sample and for near surface zone definition.

BA-18-03A intersected the Main Zone at 800 m depth with 3.5 g/t Au over 2.0 m. Hole BA-18-03A was drilled under plunge of the high-grade intersections of the Main Zone and adds strike length to the deposit at depth.

Hole BA-18-04 intersected 16.9 g/t Au over 6.5 m at the Main Zone and 14.1 g/t Au over 1.5 m at the South Zone. BA-18-04 was the first drill hole completed on the ice as part of the winter drilling campaign focused on the western side the deposit. Intersections in BA-18-04 provide excellent down-dip continuity on multiple zones as predicted by the geological model.

The seven drill 30,000 m winter drilling campaign is part of the ongoing resource development program at the Gladiator Gold Deposit. Bonterra continues to advance the development of the Gladiator Gold Deposit through definition drilling across all mineralized horizons.

Hole

From

(m)

To

(m)

Length*

(m)

Grade

(g/t Au)

Zone/Area

MT-18-01

56.1

59.0

2.9

8.4

Main Zone

MT-18-01

60.4

64.0

3.6

8.6

Main Zone

MT-18-02

39.7

43.7

4.0

9.3

Main Zone

BA-18-03A

956.0

958.0

2.0

3.5

Main Zone

BA-18-04

153.5

160.0

6.5

16.9

Main Zone

BA-18-04

294.4

295.9

1.5

14.1

South 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://www.bonterraresources.com/en/gladiator/maps-sections for updated maps including long sections and cross sections.

The Company also announces that, subject to TSX Venture Exchange acceptance, it has retained Venture Liquidity Providers Inc. (“VLP“) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the Company.

The market-making service will be undertaken by VLP through registered broker, W.D. Latimer Co. Ltd., in compliance with the policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay VLP $5,000 per month for a period of 12 months. The agreement may be terminated at any time by the Company or VLP. The Company and VLP act at arm’s length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the Company to VLP is for services only.

VLP is a specialized consulting firm based in Toronto and provides a variety of services focused on TSX Venture Exchange listed issuers.

Bonterra Resources Quick Facts:

  • Well financed with approximately $60 million raised in past 12 months.
  • Strong Shareholder Base including: Eric Sprott, Van Eck, Kirkland Lake Gold
  • Gladiator Gold Deposit:
    • Deposit extension and resource expansion underway with 60,000 m completed in 2017 and 70,000 m planned for 2018.
    • Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in the second half of 2018.
    • Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of 1,000 m below surface, and a strike length of 1,200 m.
    • Gladiator remains open in all directions, where at least five distinct sub-parallel zones or mineralized horizons have been identified.
    • 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:
    • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
    • 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 & CEO
Bonterra 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.

SOURCE Bonterra Resources Inc.

For further information: on Bonterra, contact Investor Relations: Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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Bonterra Resources Announces Closing of $21.5 Million Private Placement

Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra“) is pleased to announce that it has closed its previously announced brokered private placement for gross proceeds of $21,495,000 (the “Offering“). Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc., Red Cloud Klondike Strike Inc., Laurentian Bank Securities Inc. and PI Financial Corp. (collectively, the “Agents“).

Pursuant to the Offering, Bonterra issued 13,300,000 common shares of the Company on a flow‑through basis (“Super FT Shares“) at a price of $0.75 per Super FT Share and 19,200,000 common shares of the Company on a flow-through basis (“National FT Shares“) at a price of $0.60 per National FT Share. Collectively the Super FT Shares and FT Shares are the “Offered Securities“.

The gross proceeds from the issuance of the Offered Securities will be used for Canadian Exploration Expenses and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada). The Super FT Shares will also qualify for the two 10% enhancements under section 726.4.9 and section 726.4.17.1 of the Quebec Taxation Act, which will be renounced with an effective date no later than December 31, 2018 to the initial purchasers of the Offered Securities in an aggregate amount not less than the gross proceeds raised.

In connection with the Offering, the Agents received a cash fee in an amount equal to 6.0% of the gross proceeds of the Offering. As additional consideration, the Company granted to the Agents common share purchase warrants (the “Broker Warrants“) entitling the Agents to subscribe for that number of common shares equal to 4.0% of the aggregate number of Offered Securities placed in the Offering. Each Broker Warrant is exercisable to acquire one common share at a price equal to $0.60 for a period of 24 months after the closing date. All securities issued under the Offering will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The Offering is subject to final acceptance of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS,

Nav Dhaliwal, President & CEO
Bonterra Resources Inc.

Neither the 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 news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the future renunciation of Canadian Exploration Expenses that are flow-through mining expenditures, the tax treatment of the Offered Securities, the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future tax treatment of the Offered Securities, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

SOURCE Bonterra Resources Inc.

For further information: contact Investor Relations: Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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Bonterra Announces $21.5 Million Private Placement

Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra“) is pleased to announce that it has entered into an agreement with Sprott Capital Partners to act as lead agent (the “Lead Agent“), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively with the Lead Agent, the “Agents“), in connection with a marketed private placement to raise gross proceeds of $21,495,000 (the “Offering“).

The Offering will consist of a combination of (a) 13,300,000 common shares of the Company issued on a flow-through basis (the “Super FT Shares“) at a price of $0.75 per Super FT Share, and (b) 19,200,000 common shares of the Company issued on a flow-through basis (the FT Shares“) at a price of $0.60 per FT Share. Collectively the Super FT Shares and FT Shares shall be known as the “Offered Securities“.

In connection with the Offering, the Agents will be entitled to a cash fee in an amount equal to 6.0% of the gross proceeds of the Offering.  As additional consideration, the Company will grant to the Agents common share purchase warrants (the “Broker Warrants“) entitling the Agents to subscribe for that number of common shares equal to 4.0% of the aggregate number of Offered Securities placed in the Offering. Subject to regulatory approval, each Broker Warrant will be exercisable to acquire one common share at a price equal to $0.60 for a period of 24 months after the closing date.

The gross proceeds from the issuance of the Offered Securities will be used for Canadian Exploration Expenses, and will qualify as “flow-through mining expenditures” (the “Qualifying Expenditures“), as defined in subsection 127(9) of the Income Tax Act (Canada), the Super FT Shares will also qualify for the two 10% enhancements under section 726.4.9 and section 726.4.17.1 of the Quebec Taxation Act, which will be renounced to the subscribers with an effective date no later than December 31, 2018 to the initial purchasers of the Offered Securities in an aggregate amount not less than the gross proceeds raised from the issue of the Super FT Shares and FT Shares, as applicable, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will indemnify each Super FT Share and FT Share subscriber for any additional taxes payable by such subscriber as a result of the Corporation’s failure to renounce the Qualifying Expenditures as agreed.  All Offered Securities will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The Offering is subject to acceptance of the TSX Venture Exchange.

An initial closing of the Offering is scheduled for February 26, 2018 with a final closing no later than March 15, 2018 or such other date or dates as the Company and the Lead Agent may agree.

ON BEHALF OF THE BOARD OF DIRECTORS,

Nav Dhaliwal, President & CEO
Bonterra Resources Inc.

Neither the 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 news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the future renunciation of Canadian Exploration Expenses that are flow-through mining expenditures, the tax treatment of the Flow-Through Shares, the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future tax treatment of the Flow-Through Shares, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

SOURCE Bonterra Resources Inc.

For further information: For further information on Bonterra, contact Investor Relations: Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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Bonterra Expands Exploration Program at Gladiator Gold Deposit

Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that the 2018 winter drilling program is underway at the Gladiator Gold Project. After completing more than 60,000 meters in 2017, the Company plans to drill 30,000 meters during the winter drill program and more than 70,000 meters in 2018. The winter drilling program includes mobilizing two additional diamond drills, for a total of six on the project.

Nav Dhaliwal, President and CEO of Bonterra stated, “As the expansion of the resource development program at the Gladiator Gold Deposit continues, Bonterra prepares for its most aggressive quarter to date. Our current winter drilling program goes to highlight the potential expansion of our Gladiator Gold Project. We are planning a minimum drill program of 70,000 meters for 2018 alone. Bonterra’s management remains quite excited for the 2018 calendar year.”

The expanded program will include four drills, focused on the extension and definition of the Gladiator Gold Deposit. Approximately 20% of the planned meters will be drilled outside of the deposit, at targets highlighted from exploration activities conducted in 2017. Similarly, multiple target areas, have been identified to the east and west of the Gladiator Gold Deposit. Additional meters will also be allocated for exploration drilling, pending success in the initial phase of the campaign.

The winter drilling program further includes the first metallurgical testing to be completed at the Gladiator Gold Deposit. Results from the metallurgical study are expected in the second quarter of 2018. The Company continues to advance the completion of an updated NI 43-101 Mineral Resource Estimate in the second half of 2018. The updated resource estimate will include more than 100,000 meters of additional drilling since the existing resource was completed in 2012.

Bonterra Resources Quick Facts:

  • Well financed with $40 million raised in 2017.
  • Strong Shareholder Base: Eric Sprott (10%), Van Eck Gold Fund (12%), Kirkland Lake Gold (9.5%).
  • Gladiator Gold Deposit:
    • Deposit extension and resource expansion underway with 60,000 m completed in 2017 and 70,000 m planned for 2018.
    • Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in second half of 2018, which is anticipated to include up to an additional 100,000 m of drilling from 2012 through 2018.
    • Drilled dimensions of the Gladiator Deposit are currently outlined to a depth of 1,200 m below surface and a strike length of 1,200 m.
    • Gladiator remains open in all directions, where at least five distinct subparallel zones or mineralized horizons have been identified.
    • Drilling currently focused the extension and definition of the Gladiator Gold Deposit and exploration targets within the 10,541-hectare Urban-Barry property.
  • Larder Lake Gold Property:
    • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
    • 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 & CEO
Bonterra 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.

SOURCE Bonterra Resources Inc.

For further information: For further information on Bonterra, contact Investor Relations: Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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Bonterra Expands Mineralized Width and Grade at Gladiator Gold Deposit with Significant Results on Multiple Zones; 18.5 g/t Au over 4.0 m Intersected in the South Zone

Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce continued success from its ongoing Resource Development Program at the Gladiator Gold Deposit. Drilling has further increased the size of the high-grade core area of the South Zone, with 18.5 g/t Au over 4.0 m drilled in hole BA-17-42A, and significant width and grade was also encountered in the Footwall Zone within drill hole BA-17-48, which yielded 10 g/t Au over 6.3 m. Additional drilling results received also extended the North Zone down plunge and to the east.  The Company is aggressively completing its 2017 Resource Development Program, with four diamond drill rigs completing a 50,000 m program. Multiple holes are currently in the lab awaiting completion with assays pending. Continue reading

Highlights and Observations:

  • Drill holes BA-17-42A (18.5 g/t Au over 4.0 m) and BA-17-44 (11.9 g/t Au over 3.2 m) in the South Zone increase and further define the size of the high-grade core area.
  • Holes BA-17-42A and BA-17-48 improve the definition of the high-grade core of the Footwall Zone, with significant grade and width in hole BA-17-48, which intersected 10.1 g/t Au over 6.3 m.
  • Holes BA-17-42, BA-17-43B and BA-17-46 confirm the eastern continuity of the North Zone, with BA-17-42 intersecting 9.6 g/t Au over 3.0 m.  This recent drilling also extends the North Zone down plunge to the east.
  • Results from seven recent drill holes have expanded the size and demonstrate the continuity of the North, Footwall and South Zones.
  • To date, continuity of mineralization is now confirmed over a total drilled strike length on at least two horizons (Main and Footwall) of 1,200 m, as well as a drilled depth of 1,200 m.

Dale Ginn, VP Exploration, stated, “Drill results from Gladiator continue to demonstrate superior widths and grades in all five of our defined zones to date. These mineralized zones are not only visible with sharp contacts, but are continuous and highly predictable. Stand alone high-grade gold deposits in Canada, especially with extensive infrastructure and easy access, are extremely rare and valuable and we look forward to demonstrating that Gladiator is among that class.”

The Company plans to mobilize two additional drills (totaling six) to the property to support the expanding Resource Development Program at Gladiator. The upcoming winter drilling campaign will focus on further defining the Gladiator Gold Deposit to advance the completion of an updated NI 43-101 Mineral Resource Estimate in 2018.

Hole

From

(m)

To

(m)

Length*

(m)

Grade

(g/t Au)

Zone/Area

BA-17-42

179.0

182.0

3.0

9.6

North Zone

BA-17-42A

269.0

271.0

2.0

5.2

Footwall Zone

 

556.0

560.0

4.0

18.5

South Zone

BA-17-43B

472.0

474.0

2.0

5.8

North Zone

BA-17-44

575.8

579.0

3.2

11.9

South Zone

BA-17-46

425.8

428.5

2.7

10.9

North Zone

BA-17-48

250.7

257.0

6.3

10.1

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://www.bonterraresources.com/en/gladiator/maps-sections for updated maps, including long sections and cross sections.

Bonterra Resources Quick Facts:

  • Well financed with $40 million raised in 2017.
  • Strong Shareholder Base: Eric Sprott (10%), Van Eck Gold Fund (12%), Kirkland Lake Gold (9.5%), Kinross (7.5%).
  • Gladiator Gold Deposit:
    • Deposit extension and resource expansion underway utilizing minimum of four drill rigs with 50,000 m to be completed in 2017; up to six rigs in 2018.
    • Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in 2018, which is anticipated to include up to an additional 100,000 m of drilling from 2015 through 2018.
    • Drilled dimensions of the Gladiator Deposit are currently outlined to a depth of 1,200 m below surface, and a strike length of 1,200 m.
    • Gladiator remains open in all directions, where at least five distinct sub parallel zones or mineralized horizons have been identified.
    • Drilling currently focuses the continued expansion of Gladiator Gold Deposit, and drill testing of the Coliseum Gold Zone to the southwest.
  • Larder Lake Gold Property:
    • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
    • 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 & CEO
Bonterra 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.

SOURCE BonTerra Resources Inc.

For further information: on Bonterra, contact Investor Relations, Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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Moriarty on Bonterra (V.BTR)

Always interesting to see Bob Moriarty’s take on a stock. 321Gold.com is one of the very few websites which can actually move a junior gold stock. Not every time, but often enough to pay attention. Bob likes Bonterra, a lot.

“I was saying they had 3-4 million ounces at the end of the day a year ago. Based on all the results since then, I think the updated 43-101 will be on the high end. They keep extending the deposit and finding new high-grade shoots. The company presentation shows many of the high-grade intercepts and is excellent. Potential investors should view it closely. The company does an excellent job of telling a compelling story.”

read the rest at 321gold.com

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Bonterra Completes All-Season Exploration Camp to Support Expanding Resource Development Program at Gladiator Gold Project

Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to highlight the construction of a new, all-season exploration camp at the Gladiator Gold Project. The expansion to a larger year-round exploration camp will support the continued advancement of the aggressive resource development program at the Gladiator Gold Deposit. Bonterra plans to mobilize two additional drills (totaling six) in early 2018 for a winter drilling campaign.

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Overview of New Exploration Camp and Infrastructure Improvements:

  • Completion of expandable, all-season camp
  • High-speed communications network
  • Construction and rehabilitation of 6 km of property main access road
  • Development of 7 km trails network to the Coliseum area
  • Ongoing revegetation and site reclamation program
  • An additional 65,000 m of core storage

Dale Ginn, VP Exploration, stated, “The expansion and construction of a year-round camp provides the key infrastructure required to ensure we execute our resource development program at the Gladiator Gold Project on budget and on time to meet the market’s expectations of a mineral resource update in 2018.”

Bonterra Resources Quick Facts:

  • Well financed with $40 million raised in 2017.
  • Strong Shareholder Base: Eric Sprott (10%), Van Eck Gold Fund (12%), Kirkland Lake Gold (9.5%), Kinross (7.5%).
  • Gladiator Gold Deposit:
    • Deposit extension and resource expansion underway utilizing minimum of four drill rigs with 50,000 m to be completed in 2017; up to six rigs in 2018.
    • Advancing to the completion of an updated NI 43-101 Mineral Resource in 2018, which is anticipated to include up to an additional 100,000 m of drilling from 2015 through 2018.
    • Drilled dimensions of the Gladiator Deposit are currently outlined to a depth of 1,200 m below surface, and a strike length of 1,200 m.
    • Gladiator remains open in all directions, where at least five distinct sub parallel zones or mineralized horizons have been identified.
    • Drilling currently focused the continued expansion of Gladiator Gold Deposit, and drill testing of the Coliseum Gold Zone to the southwest.
  • Larder Lake Gold Property:
    • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
    • 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 & CEO
Bonterra 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.

SOURCE BonTerra Resources Inc.

For further information: For further information on Bonterra, contact Investor Relations: Telephone: 1 844 233 2034, Email: ir@bonterraresources.com, Website: www.bonterraresources.com

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