BonTerra Provides Property Update on Eastern Extension
31 October 2012 - 10:00AM
Marketwired
BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the
"Company" or "BonTerra") is pleased to provide an update on its
100% owned Eastern Extension property (the "Property") located
approximately 170 km northeast of Val d'Or, Quebec. BonTerra
recently completed a prospecting program which aimed to check IP
anomalies (conductors) associates with magnetic highs along the
NE-SW structures.
BonTerra discovered two parallel structures identified on the
magnetic map as well at the chargeability/resistivity map. These
structures have been followed up and confirmed by BonTerra's
geologist, Robert Gagnon and his team. The first structure
intersects the Peninsula zone (calculation showed an inferred
resource of 492,000 ounces of gold at 3.53 grams per tonne) with a
shear continuous corridor and favorable to discovery of a new gold
showing. Several mineralized samples were collected along the
corridor and sent in to be sampled.
The second potential area contains a shear corridor which is
parallel to the first but shifted to the North. This shear corridor
contains a new showing called the Rivage that has returned 73.82
grams per tonne gold over 3.00 metres (May 10, 2012 news release).
It is possible that a late stage structure could have moved and
shifted the same shear. Additionally, several outcrops hosting
tension and mineralized quartz pyrite-chalocoypyrite veins have
been sampled along the second shear corridor.
The map below shows the distribution of samples and the
projection of the structures and their continuities in the
Peninsula area as well as in the Rivage area. In all, 30
mineralized samples were sent to the Val d'Or ALS Chemex Analysis
Laboratory.
"The discovery of these parallel structures in our Peninsula and
Rivage zone are exciting findings as we look to expand our drill
targets for our upcoming drill program" stated Navjit Dhaliwal,
BonTerra's President. "BonTerra's technical team is currently
preparing to carry out the drilling program on the Property
beginning this fall which will be aimed at these new targets".
Robert Gagnon, P.Geo (OGQ), of BonTerra, is a "Qualified Person"
as that term is defined in National Instrument 43-101 Standards of
Disclosure for Mineral Projects, and has reviewed and approved the
technical content of this news release.
To view the map associated with this release, click the
following link: http://media3.marketwire.com/docs/btr_map.pdf
About BonTerra Resources Inc.
BonTerra is a Canadian gold exploration company based in
Vancouver, B.C. focused on continuing to expand the drill-defined
gold zones on the 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 Property, the
Lavoie property and the Urban-Barry property which are all located
approximately 170 km northeast of Val-d'Or and approximately 125 km
southwest of Chibougamau in the Urban, Barry and Bailly townships
in Quebec.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Navjit Dhaliwal, President, Director
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. 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) delays with respect
to drill results; (ii) the chip sample results, historical results,
drill results and assays may not be representative of future
results on the Property or of the extent of mineralization on other
parts of the Property or of the continuity of mineralization, and
(iii) 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.
Contacts: BonTerra Resources Inc. Navjit Dhaliwal President,
Director (604) 678-5308info@bonterraresources.com
www.bonterraresources.com