BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) announces the receipt of its rushed assays from its ongoing drill program on the Eastern Extension property.
Hole BA-10-01 and BA-10-02 were both sent for rush assay to ALS Chemex in Val d'Or, Quebec last week. The Company has also sent one additional hole (BA-10-03) for rush assay at this time. The Company has received results for BA-10-01 which assayed a drill intercept of 13.50 metres at 17.06 grams per tonne gold. BA-10-02 returned a drill intercept of 7.73 metres at 21.24 grams per tonne gold. Also in BA-10-02 was one sample of one metre long which returned a gold grade of 77.80 grams per tonne gold. These are sample results, the company sampled mineralized zones of the holes and future holes will be disclosed once assays are received. The drill collars are located 20.18 metres apart (66.21 feet) with an azimuth of approximately 19 degrees. The drill program is drilled using AQ sized core. The Company is also planning on constructing a winter camp and planning a second phase drill program this coming winter to continue advancing this exciting property.
To date the company has completed 6 holes and is currently drilling the 7th hole on its two properties in the Urban-Barry segment of the Abitibi Greenstone Belt. BA-10-01 twinned the historical drill hole BL-97.16. BA-10-02 twinned another historical drill hole, BL-97-06.
To date the holes drilled on the Eastern Extension property have intercepted zones of smoky quartz veins mineralized with sulphides (pyrite & pyrrhotite with chalcopyrite & sphalerite observed locally). Sulphides commonly compose 1-7% of the mineralized zones and can be as high as 15% locally in BA-10-02. Alteration is most commonly silica, carbonate, chlorite, tourmaline and sericite. The combination of quartz veins, tourmaline, alteration types and sulphides is ideal for gold mineralization in the area.
The Company has chosen to employ a full quality assurance and quality control (QAQC) system for every batch of samples submitted to the lab. The QAQC samples include a standard, duplicate and blank. The Company is currently drilling the 4th hole on the Eastern Extension property (BA-10-04). Geologica Inc. of Val d'Or, Québec is responsible for overseeing the drill and sampling program on behalf of the Company.
Mitchell Adam, President, states, "We are excited to intercept two high grade drill intercepts approximately 20 metres (or 65 feet) apart in our ongoing drill program. This cements BonTerra as a significant player in the eastern Abitibi of Quebec. BonTerra receiving high grade gold assays in our ongoing drill program validates the hard work of our team in Quebec."
The Eastern Extension property is located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Barry and Bailly townships in the Abitibi Greenstone Belt, Québec. The Urban-Barry property is situated just west of the Eastern Extension property. Neighboring Companies in the region are Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana and Freewest, Murgor and Noront. The company has an option to earn 100% of the Eastern Extension property subject to a 2% NSR.
The company announces the granting of incentive stock options in the amount of 699,000 at $0.235 to certain directors and consultants valid for 90 days. These options are granted under the company's 2009 stock option plan.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Thomas Clarke, Pr.Sci.Nat, a qualified person and a Director of the issuer.
Source: BonTerra Resources Inc.