Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF)
Val-d’Or, Quebec–(Newsfile Corp. – April 1, 2020) – Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the “Company” or “Bonterra“) announces the results of assays from the winter drill program completed to date on its Barry project. Results include an intersection of 7.35 grams per tonne (“g/t“) Au over an intersection length of 8.35 metres (“m“), including a higher-grade interval of 10.26 g/t Au over an intersection length of 4.75 m in hole MB-20-250.
The 2020 winter drill program at Barry commenced on January 6 and was suspended on March 17 due to the Company’s response to the Covid-19 virus situation. A total of 10,662 m of drilling was completed in 24 holes. Assay results for 14 of the holes have been completed in full, while assay results for 5 of the holes have been partially completed, and assays for an additional 5 holes are pending in full. The holes completed at Barry were planned to: 1) In-fill drill in selected parts of the deposit, 2) test the down dip limits of the current resource model, and 3) Explore to the immediate west of the deposit including ice-based drilling on Lac Limpide. A table of significant intersections received is attached below, in addition, the plan map attached indicates the location of these holes and projected intercepts.
Revive Therapeutics Ltd. (CSE: RVV)
Five holes drilled were aimed at deposit in-fill with the objective of converting inferred resource to indicated resource. Assays have been received for 3 of the 5 holes. The assays received from the 3 holes are consistent with assays from adjacent holes and confirm the trends of the block model. The metres completed on in-fill drilling to date are approximately one third of the metres planned for in-fill drilling at Barry. A detailed assessment of the results will be completed as assays are received and the drill program resumes.
Eight holes were drilled along the down dip limit of the resource model in selected positions where the current drilling was widely spaced. In general, the grade, thickness, and location of the intercepts are consistent with their occurrence on the margin of the Barry gold deposit. Hole MB-20-257, however, intersected a wide zone of mineralization 3.53 g/t Au over an intersection length of 15.10 m, including 5.48 g/t Au over an intersection length of 8.10 m. This intersection is consistent with the trend of the resource model and is open down dip. In general, the down dip limits of the Barry deposit remain constrained only by relatively wide spaced drilling and opportunities for expansion will be evaluated as deposit interpretation and modelling continues.
Eleven holes were drilled beyond the western limits of the current Barry resource model which is open in this direction. The concept of exploration to the west is supported by magnetic and chargeability trends. Assays are pending from 6 of the 11 holes completed. Drill hole MB-20-250 intersected 7.35 g/t Au over an intersection length of 8.35 m, including a higher-grade interval of 10.26 g/t Au over an intersection length of 4.75 m. Assays from adjacent holes have returned widespread mineralization and locally high grades over limited widths. The results to date strongly support the western extension exploration concept and the drill program planned for Lac Limpide during the 2020 winter. The assays completed to date indicate that the Barry deposit has been extended to the west. The Company will be assessing all results as received and plans to continue a drill campaign on Lac Limpide in future.
Greg Gibson, President and CEO for the Company commented: “The 2020 Winter exploration program was in full swing with 3 drills running at the time of shut down. We had only recently got on the ice and started the program on Lac Limpide having completed 2 holes of a much larger plan. Priority targets for extension of the Barry deposit to the northwest, to the east, and down plunge to the southeast, as well as the Barry regional exploration program will continue to be the Company’s focus.”
Analyses and QAQC
Gold analyses of Barry drill core were completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val D’Or.
Sabrina Bernard, P.Geo. is the Chief Geologist for the Barry project and supervises all drilling and exploration on the property. Jamie Lavigne, P.Geo, VP Exploration has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI 43-101.
|Hole ID||From (m)||To (m)||Length |
|MB-20-257||assays pending (partial)|
|MB-20-260||No significant assays|
|MB-20-261||assays pending (partial)|
|MB-20-262||assays pending (partial)|
1) Length (m) is intersection length
2) True width for the extensional and infill drilling are estimated to be >85% of the intersection length
3) True widths for the western exploration drilling are assumed to be > 85% intersection length
To view an enhanced version of Figure 1, please visit:
FOR ADDITIONAL INFORMATION:
Investor relations: Allan Folk
819-825-8678 ext. 250 | firstname.lastname@example.org
2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website: www.btrgold.com
Sign up for MORE COVID-19 news updates
This article is written and published by The Stocks market
Disclaimer : The Stocks market does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result. The Stocks market are engaged in the business of marketing and advertising companies.
The Stocks market and its employees may from time to time own shares of the companies named in the articles. All the facts reported by the cannabis stock are information that comes directly from the companies, from their website or on Sedar and are only published as information.