Friday 2nd December 2016

Resource Clips


Posts tagged ‘BonTerra Resources Inc (BTR)’

Absolutely Abitibi

November 18th, 2016

BonTerra Resources gets aggressive in Quebec gold country

by Greg Klein

BonTerra Resources gets aggressive in Quebec’s gold country

A diagram shows how far the company has progressed
beyond the 2012 resource area, outlined in blue.

 

With a standout interval of 70 grams per tonne gold over 5.5 metres, BonTerra Resources’ (TSXV:BTR) November 16 batch of assays brought further evidence of a good Abitibi address. As president/CEO Nav Dhaliwal emphasizes, “This is all new drilling, well outside the resource area, and we’re going to continue expanding.” Primed with enthusiasm, financing and a better understanding of the geology, BonTerra now hopes to connect its Gladiator project’s zones across a potential strike length of 1,200 metres.

Some highlights from the most recent seven holes show:

Hole BA-16-26

  • 19.6 g/t gold over 1 metre, starting at 412 metres in downhole depth

BA-16-30

  • 4.7 g/t over 3 metres, starting at 370 metres

BA-16-38

  • 12.4 g/t over 4 metres, starting at 769 metres
  • (including 24.3 g/t over 2 metres)

BA-16-39

  • 1.5 g/t over 10 metres, starting at 723 metres

  • 70 g/t over 5.5 metres, starting at 813.5 metres
  • (including 191.4 g/t over 2 metres)

  • 3.1 g/t over 5 metres, starting at 846 metres

True widths weren’t available.

BonTerra Resources gets aggressive in Quebec’s gold country

A cold climate will complement Bonterra Resources’ drill campaign.

The drill season started on a 600-metre strike reached last May with an intercept of 137.4 g/t over 2.5 metres. This week BA-16-39 revealed its star interval at the eastern extent of the east-plunging structure, below 600 metres in vertical depth. BA-16-38 extended the zone another 50 metres deeper and 100 metres to the east. That outlines Gladiator’s zones to 650 metres in depth and 700 metres in strike. Meanwhile, assays are pending for other completed holes.

But as Dhaliwal says, “We’re not stopping there.” Now with a second rig at work, drilling will sink deeper, as well as farther east and west. Should the program succeed in connecting the eastern zones with the Rivage zone, currently over 300 metres away, the 7,563-hectare property would have the potential 1.2-kilometre strike.

With a 4 g/t cutoff, Gladiator’s 2012 resource estimate shows:

  • inferred: 905,000 tonnes averaging 9.37 g/t for 273,000 ounces gold

A resource update might arrive in late spring or early summer, Dhaliwal says. Well into a 25,000-metre 2016 program, drilling will continue through the winter. “That’s the most efficient time to work,” he points out. “This property is covered in a foot to six feet of water. Right now we’re land-based, so we’re shooting down towards it. So winter gives us an advantage, we’ll be able to get right on top of the structure.”

Describing the crew as “lean and mean,” Dhaliwal adds, “I couldn’t be prouder of our geological team, headed by a very experienced individual, Dale Ginn.” The VP of exploration’s more than 30-year career includes service with Kerr Mines, SGX Resources, San Gold, Harmony Gold Canada, Hudson Bay Mining and Smelting, and Goldcorp TSX:G, among others.

Last winter’s relative warmth limited BonTerra to about 20 holes, but Dhaliwal’s hoping this year’s temperatures favour a more aggressive campaign.

Looking southwest from Gladiator’s position on the Casa Berardi fault zone to the Cadillac-Larder Lake fault zone just inside Ontario, BonTerra holds the 2,165-hectare Larder Lake project. The property came with estimates, which BonTerra treats as historic and non-43-101, for two deposits just over a kilometre apart. Using 2.5 g/t gold cutoffs, they show:

Bear Lake

  • inferred: 3.75 million tonnes averaging 5.7 g/t for 683,000 ounces gold

Cheminis

  • indicated: 335,000 tonnes averaging 4.07 g/t for 43,800 ounces gold

  • inferred: 1.39 million tonnes averaging 5.2 g/t for 233,400 ounces

As a past-producer, Cheminis reportedly turned out 7.6 million gold ounces at an average 3.7 g/t from depths to 315 metres.

The historic estimates predate some 59 holes totalling over 25,000 metres sunk by Gold Fields NYSE:ADR. Dhaliwal says the South African miner worked the property up to 2012, when the company slashed international exploration spending. “They left just under $6 million of work—of clean work, mind you. We’ve seen the logs and core. Dale’s hired a project manager for the Ontario side and we’ll get started on a 43-101.”

The property’s Fernland area adds a third mineralized body, with all three open at depth and within a 3.2-kilometre potential strike.

While talking about either property, Dhaliwal at times can barely contain his enthusiasm. Financing suggests he’s hardly alone in his confidence. Between December 2015 and last June, the company raised over $10.38 million. “We’re fully cashed up and we’re moving forward so stay tuned—we’re going to show you more.”

See an infographic about BonTerra Resources.

Infographic: BonTerra Resources well-financed for more Abitibi drilling

October 4th, 2016

October 4, 2016

With two Abitibi gold projects and recent financings totalling $5.36 million, BonTerra Resources TSXV:BTR prepares for another season of drilling. This infographic outlines the company’s projects, achievements and future plans.

BonTerra Resources financed for more Abitibi drilling

BonTerra reports Quebec Gold Assays including 2.07 g/t over 6m

April 18th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningBonTerra Resources Inc TSXV:BTR announced assay results from its Eastern Extension property in Quebec. Highlights include

2.29 g/t gold over 3 metres
1.28 g/t over 1 metre
4.47 g/t over 1 metre
0.97 g/t over 19 metres (including 4.13 g/t over 4 metres)
1.39 g/t over 8 metres (including 7.86 g/t over 1 metre)
1.56 g/t over 1 metre
1.4 g/t over 1 metre
1.63 g/t over 1 metre
2.07 g/t over 6 metres (including 3.74 g/t over 3 metres)

President Navjit Dhaliwal remarked, “The second drill hole of 2012 continues to encourage BonTerra and further outlines the high caliber of the property. Our team has wanted to drill a hole in this area for some time now and favourable ice conditions allowed us to drill this target this past March. This hole is yet another ‘textbook example’ of vein-hosted gold in the Abitibi, commonly intersected on the Eastern Extension. Holes like this encourage us to keep drilling and to advance this exciting property forward to its first anticipated NI 43-101 resource calculation which is in the final stages of completion by Snowden.”

View Company Profile

Contact:
Navjit Dhaliwal
President/Director
604.678.5308

by Ted Niles

BonTerra reports Quebec Gold Results including 4.31 g/t over 14m

December 16th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningBonTerra Resources Inc TSXV:BTR announced assays from its Eastern Extension Property in the Abitibi Greenstone Belt of Quebec. Highlights include

4.31 g/t gold over 14 metres
(including 18.91 g/t over 2.8 metres)
29.8 g/t over 1 metre
7.32 g/t over 1 metre
5.59 g/t over 1 metre

President Mitchell Adam remarked, “Intercepting gold mineralization to approximately 600 vertical metres of depth in this hole is the latest in a list of drilling successes for BonTerra on our Eastern Extension Gold Property. Having done a Mag survey and IP survey last season bodes very well for winter ice drilling on this target, which may add to the size and scope of the potential of the project.”

View Company Profile

Contact:
BonTerra Resources Inc
604.678.5308
855.678.5308

by Greg Klein

BonTerra, Abitex report Quebec Gold Assays as high as 6.67 g/t over 7m

November 21st, 2011

Resource Clips - essential news on junior gold mining and junior silver mining

(Update: On April 16, 2013, Abitex Resources Inc began trading as ABE Resources Inc TSXV:ABE.)

BonTerra Resources Inc TSXV:BTR in joint venture with Abitex Resources Inc TSXV:ABE announced results from the Eastern Extension property in Quebec. Assays include

3.36 g/t gold over 1 metre
6.89 g/t over 2 metres (including 11.55 g/t over 1 metre)
4.29 g/t over 2 metres (including 7.66 g/t over 1 metre)
1.53 g/t over 6 metres
3.57 g/t over 7 metres (including 15.25 g/t over 1 metre)
6.67 g/t over 7 metres (including 44.8 g/t over 1 metre)
2.49 g/t over 3 metres
2.18 g/t over 1 metre

BonTerra has an option to earn 100% of the Eastern Extension property from Abitex Resources subject to a 2% NSR. The Eastern Extension property is located in the Urban-Barry gold camp, which also hosts Metanor Resources Inc’s TSXV:MTO Barry Mine property and Eagle Hill Exploration Corporation’s TSXV:EAG Windfall Lake property.

View Company Profile

Contact:
BonTerra Resources Inc
604.678.5308

by Ted Niles

BonTerra reports Quebec Gold Assays including 1.02 g/t over 36.5m

October 19th, 2011

Resource Clips - essential news on junior gold mining and junior silver mining

(Update: On April 16, 2013, Abitex Resources Inc began trading as ABE Resources Inc TSXV:ABE.)

BonTerra Resources Inc TSXV:BTR announced results from its Eastern Extension Property in the Abitibi Greenstone Belt of Quebec. Highlights include

1.02 g/t gold over 36.5 metres
(including 5.25 g/t over 6.2 metres)
2.06 g/t over 12.5 metres
(including 25.4 g/t over 1 metre)
2.68 g/t over 6.7 metres
(including 32.4 g/t over 0.5 metres)
8.89 g/t over 1 metre

BonTerra has an option to earn 100% of the property from Abitex Resources Inc TSXV:ABE subject to a 2% NSR.

BonTerra President/Director Mitchell Adam remarked, “BonTerra continues to assay drill holes with significant gold mineralization. We believe that the cumulative total of all this drilling will begin to add considerable value for our shareholders.”

View Company Profile

Contact:
Mitchell Adam
President/Director
604.678.5308
855.678.5308

by Greg Klein

BonTerra reports Quebec Gold Assays up to 14.85 g/t over 15.3m

September 7th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningBonTerra Resources Inc TSXV:BTR announced results from its Eastern Extension Property in northwestern Quebec. Highlights include 14.85 g/t gold over 15.3 metres (including 20.1 g/t over 11.3 metres), 1.19 g/t over 25.5 metres (including 5.43 g/t over 5.3 metres), 6.59 g/t over 1.5 metres and 7.6 g/t over 1.3 metres.

President Mitchell Adam commented, “We have intercepted numerous high-grade zones with two samples assaying over 100 grams per tonne gold. It is becoming clear that with a greater understanding of the property our geological team continues hitting the targets. Once all these holes are completed and assays received, BonTerra intends to release our gold resource calculation for the property.”

View Company Profile

Contact:
BonTerra Resources Inc
604.678.5308

by Greg Klein

BonTerra reports Quebec Gold Assays up to 8.01 g/t over 14m

February 18th, 2011

BonTerra Resources Inc TSXV:BTR announced results from its Eastern Extension Gold Project in the Abitibi Greenstone Belt of Quebec. Assays include 10 g/t gold over 7 metres (including 20.79 g/t over 2.8 metres), 7.6 g/t over 6.5 metres (including 33.5 g/t over 1 metre), 8.01 g/t over 14 metres (including 42.3 g/t over 1.2 metres), 7 g/t over 13 metres (including 19.49 g/t over 2.4 metres) and 4.49 g/t over 9.8 metres (including 25.7 g/t over 0.8 metres).

President Mitchell Adam commented, “Discovering the new peninsula zone is a great way to kick off the 2011 drill program. We look forward to receiving assays from many more holes as we continue to aggressively drill the property this winter.”

View Company Profile

Contact:
Mitchell Adam
President/Director
604.678.5308

by Ted Niles