BonTerra Strikes Big with latest hole 64 g/t gold over 2 m
​Today, BonTerra Resources Inc. (TSX.V: BTR) reported highly significant drill results from the western part of its 100% controlled Gladiator Gold Deposit in the north of the prolific Val d’Or Mining District in Québec, Canada. One of the 2 holes disclosed today returned 64.3 g/t gold over 2 m at 130 m below surface. The other hole intersected 8.7 g/t gold over 3 m at over 300 m below surface. Both holes were drilled in the “Rivage Gapâ€, a previously untested section beyond the western extension of the Gladiator Gold Zone.
Of significance, both holes provide confirmation that the strike length of the Gladiator Deposit has now been increased by 500 m to over 1.2 km from its previously drilled length of 700 m (November 16, 2016) and outlined from surface to a depth of 650 m. This is turning out to be a very large gold system. As a result, the Rivage Zone now joins with the main Gladiator Zone. The Rivage Zone was previously interpreted to be an isolated parallel zone with very limited information consisting of surface sampling and 4 drill holes.
Both cross-sections show the difference that a couple of holes can make. Today’s drill results also highlight the magnitude of the size of the Gladiator Gold Deposit, indicating the strength of the system at depth.
Bonterra Resources is a junior mineral exploration company engaged in the business of acquiring, exploring and evaluating natural resource properties. Co. is focusing its financial resources on conducting exploration programs. Co. has not yet determined whether this property contains reserves that are economically recoverable. The recoverability of amounts shown for resource property and related deferred exploration expenditures are dependent upon the discovery of economically recoverable reserves, confirmation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain necessary financing to complete the development of the resource property.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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