BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) has mobilized two drill rigs on the Eastern Extension Property. Drilling will focus on expanding the known gold zone on the Property.
The Company is funded for this program thru the recently raised $2 million in flow through financing. The Company drilled nine holes on the Property in 2010. Of these, eight have hit gold with grades as high as 77.6 grams/tonne. Concurrently the Company will conduct a ground based magnetic ("mag") and induced polarity ("IP") surveys on both the Eastern Extension and the recently acquired Lavoie Property. All drilling, mag and IP surveys have been recommended by the recently completed and filed NI 43-101 technical report.
Mitchell Adam, President, states, "We are very confident in our properties, by securing and utilizing two drill rigs, we aim to potentially widen and lengthen the established high grade gold zone. Additionally we want to test as many targets as possible this winter prior to spring breakup and we envision successfully drilling 5000 metres to start to establish a NI 43-101 compliant gold resource on the property."
The Eastern Extension and Urban-Barry properties are located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Québec.
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 Company.
Source: BonTerra Resources Inc.