Proactive Investors - Run By Investors For Investors

BonTerra Resources hits as high as 44.8 g/t gold at Eastern Extension in Quebec

BonTerra Resources hits as high as 44.8 g/t gold at Eastern Extension in Quebec

BonTerra Resources (CVE:BTR) announced Monday results from three holes at its Eastern Extension property in Quebec, showing persistent gold mineralization in a series of quartz veins.

The highlight of these drill holes is BA-11-32, where two of the three distinct high grade mineralized veins host visible gold, the company said.

The best samples for these three vein systems range from 11.25 grams per tonne (g/t) gold over 1.0 metre in the upper most vein, 15.25 g/t over 1.00 metre in the middle vein and 44.80 g/t gold over 1.00 metre in the deepest vein.

BA-11-32 was drilled to validate gold mineralization at approximately 525 metres in vertical depth.

BonTerra is now awaiting the final lab samples from the 2011 drill campaign and is aggressively working on a new NI 43-101 compliant inferred resource estimate, it said.

The company is also waiting on a budget for the upcoming 2012 winter drill program, which will focus on the large magnetic high under Lac Barry, the Peninsula Zone discovered by hole BA-11-06.
To date, BonTerra has drilled four holes from the shore to hit this area.

"We invite shareholders and all interested to visit us in the core shack and view some of our core bearing high grade gold at the Quebec City Exploration Conference November 21-24," said president Mitchell Adam.

BonTerra has an option to earn 100 percent of the Eastern Extension property from Abitex Resources, subject to a two percent net smelter return.

The company has a total of three gold properties in the Urban-Barry belt: the Eastern Extension, Lavoie and Urban-Barry, which are located approximately 170 kilometres northeast of Val-d'Or and 125 kilometres southwest of Chibougamau in the Urban, Barry and Bailly townships in Québec.

View full BTR profile View Profile

Bonterra Resources Timeline

Related Articles

Gold piggy bank
November 19 2018
The Vancouver-based group recently completed the first three diamond drill holes of the 2018 programme at its Gold Drop property near Greenwood, British Columbia
September 17 2018
Cradle Arc is ramping up copper production at its Mowana project, and further expansion is on the cards
July 04 2018
“It is an exciting chapter Lionsgold is entering and we look forward to reporting on the company's many business opportunities and developments throughout the course of the year,” said chief executive Cameron Parry
Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use