BTR: TSX-V $0.17 VOL: 202,001
BONXF: US $0.12 VOL: 25,511
SPOT GOLD $
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Bonterra Announces Changes to the Board of Directors

Val-d’Or, QC – July 2, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) announces that Greg Gibson having resigned as President and CEO on June 30, 2020, has also resigned as a Director and Chairman of the Board of Directors effective immediately. As a result, the Company also announces that Cesar Gonzalez has been appointed as Chairman of the Board of Directors. Mr. Gonzalez joined the board in April of 2020 and has been instrumental in assisting the Company through the recent corporate restructuring.

In addition, Bonterra is pleased to announce the appointment of Normand Champigny as an independent non-executive Director of the Company, effective immediately. Mr. Champigny is a geological engineer with extensive experience with both public and private companies, both domestically and internationally and is currently the Chief Executive Officer and Director of Quebec Precious Metals Corporation. He has been involved in many facets of the mining industry, including engineering, project evaluation, and project management. Mr. Champigny is a member of the Ordre des Ingénieurs du Québec and Director of Mining Matters. Until recently, Mr. Champigny was an Executive Committee Member of the Prospectors & Developers Association of Canada. He was Chair of the Board of Directors of Minalliance, an organization raising awareness about the mining industry in Quebec and highlighting its positive contribution to Quebec’s social, economic, and environmental development. Mr. Champigny is a graduate from École Polytechnique in Montreal (B.A.Sc), University of British Columbia (M.A.Sc), and Paris School of Mines (Specialized Diploma in Geostatistics).

Cesar Gonzalez, Chairman of Bonterra commented: “Bonterra is very pleased to welcome Normand Champigny as an independent non-executive Director. His extensive experience in gold exploration and development, specifically in Quebec, will provide a greater depth to our Board. Bonterra plans to continue strengthening the team and advancing its assets.”

FOR ADDITIONAL INFORMATION:

Investor relations: Pascal Hamelin
ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Bonterra Provides a Corporate Update

Val-d’Or, QC – June 30, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to provide a corporate update including the status of the bulk sampling program at Moroy.

On March 17, 2020, Bonterra announced the immediate suspension of all drilling at its Moroy, Gladiator, and Barry projects, and stopped the bulk-sampling program at Moroy due to the Covid-19 global pandemic. Since that time, the three camps and the Val-d’Or office have been on care and maintenance. Essential employees are maintaining the three sites, and the corporate office. Other employees assigned to geology, and environmental permitting are working remotely where possible.

The Company has developed procedures to protect its workers and the surrounding communities near the projects. These procedures will continue to evolve as more is known about Covid-19. Importantly, the Company is pleased to report no known cases on its projects.

Bonterra recently updated and submitted its health and safety procedures to the Quebec public health authority, the Cree Nation Government of Eeyou Istchee, and the Cree First Nation of Waswanipi and received approval to resume exploration at the Moroy project. The project is located 30 kilometres southwest from the Cree First Nation of Waswanipi. As a result of the approval, the Company now plans to resume the bulk-sampling program at Moroy.

Bulk Sampling Update

The bulk-sampling program at the Moroy project was initiated with the objective to verify the grade continuity in the mineral structure, and to reconcile between the resource grade of a specific area and the resulting mined grade at the mill.

The bulk-sampling is focused on the M1 shear on level 11, 440 metres below surface. The plan is to access the area through a track haulage drift from the Bachelor shaft located 900 metres north of Moroy. The M1 structure has a narrow subvertical configuration that the Company plans to mine using a long-hole-drilling mining method from sub-levels at 15-metre intervals.

In December 2019, the Ministry of Natural Resource issued the authorisation to extract 5,000 tonnes of mineralized material. The Company began the sampling program in January with longhole drilling. The sector was drilled off when the Company put all activity on hold in March as a result of Covid-19. The blasting operations are planned to start in July, with the material hauled on level 11 to the material handling facilities at the Bachelor shaft. Once on surface, the mineralized material will be processed on site at the Bachelor mill under the monitoring of a third party engineering firm. The results of the bulk-sampling program will be published shortly after completion. The bulk-sampling is expected to be completed in Q3.

Exploration Drilling Activities – Winter 2020

Bonterra completed a combined total of 34,558 meters of drilling from twelve drill rigs during winter 2020 on its Gladiator, Barry and Moroy projects (See Table: Bonterra Project Drilling Metres – Winter 2020). On March 17, 2020, Bonterra suspended drilling on all of the projects and placed the three camps on care and maintenance due to the Covid-19 global pandemic. Drilling activities on the lake ice at Barry and Gladiator were partially restricted due to a mild winter resulting in a later program start and ended abruptly due to the pandemic, falling short of the planned 80,000 metres. Some drilling results remain pending where sampling and assaying was slowed due to Covid-19. Now that health protocols are in place, the Bachelor assay lab is running normally. The assay lab is currently focusing on the backlog from this winter and is expected to be caught up by the end of July.

Open the PDF to view the tables and graphs.

Corporate Changes

As previously announced on April 21, 2020, Greg Gibson resigned as CEO of Bonterra effective today. While the Company continues its search for a permanent CEO, in the interim it has promoted Pascal Hamelin, VP, Operations to Interim CEO. The Board of Directors will continue its efforts in recruiting a new President and CEO who will lead the Company into the next phase of growth. The Board of Directors would like to thank Mr. Gibson for his significant contributions to the Company and wish him success in his future endeavours.

In addition, Mr. Jamie Lavigne, VP, Exploration, has resigned from the Company. Mr. Lavigne joined the Company on a consulting basis in the winter 2019 to assist with the completion of the mineral resource estimates on the Company’s projects. Mr. Marc Ducharme will now assume the leadership role in the Company’s exploration programs. Mr. Ducharme joined the Company in September 2019 as Principal Geologist. Mr. Ducharme has over 30 years of geological, exploration, and mining experience predominantly with gold mineralization in the Abitibi region of Quebec. Mr. Ducharme is credited with the discovery of the Kiena Deep orebody deposit in 2016, which is currently being prepared for mining by Wesdome Gold Mines Ltd. at their Kiena Mine in Val-d’Or.

Pascal Hamelin, Interim CEO and VP, Operations commented: “Bonterra has undergone significant changes recently and will continue to make changes where appropriate to maximize value for its shareholders. The Company thanks Greg and Jamie for their efforts and achievements while at Bonterra and looks forward to Marc taking a leadership role in the continued development of the Company’s assets.”

Qualified Person

Pascal Hamelin, P.Eng. has approved the information contained in this release. Mr. Hamelin, Bonterra’s VP Operations, is a Qualified Person as defined by National Instrument 43-101 –Standards of Disclosure for Mineral Projects (“NI 43-101”).

FOR ADDITIONAL INFORMATION:

Investor relations: Pascal Hamelin
ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

Bonterra Postpones Filing of Interim Financial Statements and MD&A

Val-d’Or, QC – May 29, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) announces that it has postponed filing its interim consolidated financial statements and management’s discussion and analysis for the period ended March 31, 2020 (collectively, its “Interim Documents”) due to delays caused by coronavirus disease 2019 pandemic (“COVID-19”). Further to its announcement on April 21, 2020, the Company continues to postpone the filing its annual financial statements and management’s discussion and analysis for the year ended December 31, 2019 (collectively, its “Annual Documents”).

Disclosure Filings

On March 18, 2020, the Canadian Securities Administrators issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. As such the British Columbia Securities Commission has enacted BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements.

On April 21, 2020, Bonterra announced that due to circumstances created by the COVID-19 pandemic, that it would not file its Annual Documents by the scheduled due date of April 29, 2020 as required by National Instrument 51-102. Instead, Bonterra utilized the temporary exemption under BC 51-515 to file its Annual Documents. Bonterra is continuing to work with its auditors and will file its Annual Documents by June 15, 2020.

The Company further announces that filing of its Interim Documents will be postponed as well due to delays caused by the COVID-19 pandemic. The Interim Documents would ordinarily have been filed on or before June 1, 2020, the required deadline set by NI 51-102. Bonterra is relying on the exemption provided in BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements (“BC 51-515”), which provides the Company with an additional 45 days to file its Interim Documents, which includes the following continuous disclosure documents:

  • the Company’s unaudited financial statements for the quarter ended March 31, 2020 as required by section 4.4 of NI 51-102; and
  • the Company’s Management’s discussion and analysis for the quarter ended March 31, 2020 as required by section 5.1(2) of NI 51-102.

The Company will file the Interim Documents no later than July 14, 2020. In the interim, until the Annual and Interim Documents have been filed management and other insiders of the Company are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Company confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through news releases.

FOR ADDITIONAL INFORMATION:

Investor relations
ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Bonterra Intersects 13.76 g/t Au Over 4.5 Metres at Gladiator

Val-d’Or, QC – April 24, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF,
FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to report an intersection of 13.76 grams
per tonne (“g/t”) Au over an intersection length of 4.5 metres (“m”) from its winter drilling
completed at the Gladiator deposit.

The Company suspended its winter 2020 drill program on March 17 due to the Coronavirus Pandemic and on April 2 reported assays received to date from drilling completed at the Gladiator deposit. All assays for the Company’s exploration programs are completed at the Company’s Bachelor Mine assay laboratory. While maintaining safe work practices, the assay lab is currently operating on a 4 hour per day basis and has reported partial results of hole BA-20-07 drilled at the Gladiator deposit. The results reported include an intersection of 5.93 g/t Au over and intersection length of 11.0 m (estimated true width of 3.97 m) which includes a higher-grade interval of 13.76 g/t Au over an intersection length of 4.5 m (estimated true width of 1.5 m). Assays remain pending from the rest of hole BA-20-07 and parts of other holes completed at Gladiator. Hole BA-20-07 is presented on the attached cross section.

Greg Gibson, President and CEO of the Company commented “This recent result on the north zone occurs approximately 110 m below surface on part of the north zone where the drilling remains relatively widely spaced. This intercept supports our current strategy to both expand and in-fill near surface resources at Gladiator to advance the Gladiator deposit.”

Analyses and QAQC

Gold analyses of Gladiator drill core are 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 and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories (“ALS”) in Val-d’Or. Check assays for hole BA-20-07 and other holes in progress at the Bachelor lab will be completed at ALS when regular work activities resume.

Boris Artinian, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Gladiator project. Mr. Artinian is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.

Open the PDF to view the tables and graphs.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk
ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

Bonterra Provides Corporate update

Val-d’Or, QC – April 21, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF,
FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to provide a corporate update including
recent and current activities at the Moroy, Gladiator, and Barry projects.

On March 17, 2020, Bonterra announced the immediate suspension of all drilling at its Moroy, Gladiator, and Barry projects due to the Coronavirus Pandemic. At that time, the three camps and the Val-d’Or office were reduced to security, care and maintenance, and environmental staff and project geologists were directed to work from home. The Company has maintained this operational status to date and reports on work being completed and preliminary exploration and development plans for when normal activities do resume.

Geology and Exploration

Desktop work has been focussed on the inclusion and interpretation of recent drill results with the objective of developing up-dated drilling and exploration plans to be implemented when it is safe to return to work.

  • At Moroy, geological and resource modelling had been in progress through the recent drilling campaign and has been advanced through the current shut down. A priority objective of the work at Moroy is to prioritize a drill plan with a two-pronged approach; to develop resources at the M1, M4, M5, and M7 zones to support the mine plan and to continue to explore the relatively untested geology proximal to mine infrastructure.
  • At Barry, the geological model is being updated for the recently completed infill and downdip expansion drilling. Assays remain pending for the exploration drilling completed to the west of the deposit. It is anticipated that continued exploration to the west of the Barry deposit will be a priority when exploration resumes and drilling from a barge to achieve this objective will be evaluated.
  • At Gladiator, not being able to complete the ice-based drill program as planned requires that plans be re-developed. The Company is now considering a land-based and bargebased drill program with drilling to a maximum depth of 125 meters which includes delineating the newly interpreted North Zone. This drill plan would be executed in preparation for developing an exploration decline and completing underground mapping, sampling, and drilling.

Assaying

The Company completes all assays on surface and underground exploration core at its Bachelor mine site assay lab. The Chief Assayer is currently assigned to care and maintenance duties at the Moroy project and Bachelor mine site and is completing sample preparation on a 4 hour per day basis. Results will be released as completed.

Permitting

The Company currently has two applications submitted. The permitting process to excavate an exploration ramp and decline at Gladiator is in progress. During the fall, the Company submitted an Environmental Impact Study to the Quebec Ministry of Environment to expand both the permit for mill and tailings capacity at the Bachelor Mine and to additionally allow for processing of material from Moroy and Barry. The Company has not been advised of any delay due to the Coronavirus Pandemic and expects delivery in due course.

Corporate

The Company’s President and CEO Greg Gibson has announced his retirement from the company effective June 30, 2020. Mr. Gibson will work with the Board of Directors in recruiting a new President and CEO who will lead the company into the next phase of growth. The Company also announce the appointment of Cesar Gonzalez to the Board of Directors. Mr. Gonzalez is currently Vice President of Corporate Development at Mako Mining Corp., a consultant for Wexford Capital LP and holds a B.S.in Business Administration from the University of Southern California.

Year End Disclosure Filings

On March 18, 2020, the Canadian Securities Administrators issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. As such the British Columbia Securities Commission has enacted BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements.

The Company will be relying on this extension period due to delays experienced as result of the COVID-19 pandemic. Bonterra will be relying on the temporary exemption pursuant to BCI 51- 515 in respect to the following provisions:

  • the requirement to file audited financial statements for the year ended December 31, 2019 (the “Financial Statements”) within 120 days of the Company’s financial year end as required by section 4.2(b) of NI 51-102;
  • the requirement to file management discussion and analysis (the “MD&A”) for the period covered by the Financial Statements within 120 days of the Company’s financial year end as required by section 5.1(2) of NI 51-102; and
  • the requirement to file certifications of the Financial Statements (the “Certificates” and together with the Financial Statements and the MD&A, the “Annual Filings”) pursuant to section 4.1 of National Instrument 52-109.Section 4.2(b) [filing deadline for annual financial statements] National Instrument 51-102.

The Company is continuing to work diligently and expeditiously with its auditors to file the Annual Filings on or before June 14, 2020. In the interim, management and other insiders of the Company are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Company confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through news releases.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk
ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

Bonterra Intersects 18.26 g/t Au over 1.7 metres at Gladiator

Val-d’Or, QC – April 2, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) announces the results of assays received from recently completed drilling at the Gladiator deposit. Results include the intersection of 18.26 grams per tonne (“g/t”) Au over an intersection length of 1.7 metres (“m”).

Bonterra had planned an aggressive winter drill program at Gladiator consisting of 12,000 to 15,000 m. The focus was zone delineation and infill drilling aimed at increasing indicated resources and to support planning for future underground exploration. The start of the drill program was delayed due to warm winter temperatures and heavy snowfall which slowed icemaking on Barry Lake. Required ice levels were not achieved and drilling was limited to near the shore where Barry Lake was frozen to the bottom. Due to the Covid-19 outbreak, the Company terminated the drill program earlier than planned. A total of 2,572 m of drilling was completed in 5 holes. Two additional holes were only partially drilled and the Company is still awaiting these results.

Three primary zones of mineralization are interpreted at Gladiator; the North, Main, and Barbeau Zones. The North and Main Zones are quartz vein mineralization hosted by steeply southsoutheast dipping shear zones which have developed at the contacts of a gabbroic and felsic dykes with mafic and intermediate volcanic rocks (see cross section in Figure 1). The Barbeau Zone consists of quartz vein mineralization hosted by a shear zone which dips moderately (55o to 65 o) to the north and is correlated with offset of the gabbroic and felsic dykes. A number of less welldefined zones have been interpreted with orientations similar to the Barbeau Zone and similar to the North and Main Zones (Figure 1).

The 5 holes completed were drilled in a north-to-south direction and planned to intersect the North and Main Zones near surface and further downhole to intersect targeted north dipping zones. Significant intercepts are presented in table 1 and illustrated on the accompanying cross sections. Highlights of the drilling include an intersection of 11.5 g/t Au over 8.5 m (estimated true width of 3.8 m) on the North Zone and an intersection of 22.59 g/t Au over an intersection length of 1 m
(estimated true width of 0.5 m) on the Main Zone. The north dipping zones were intersected at a more favourable angle and highlights include 18.26 g/t Au over an intersection length of 1.7 m and 19.37 g/t Au over an intersection length of 1 m.

Greg Gibson, President and CEO of the Company commented “We are pleased with these early, albeit limited, results. In particular, the results on the newly interpreted North Zone support the interpretation of geological continuity and demonstrate the potential to add significant near surface ounces to the Gladiator resource. Also, of particular significance is the prediction and intersection of significant mineralization in the newly interpreted north dipping zones. We hope to resume the Gladiator drilling from a barge after spring break up and when current restrictions due to the Covid-19 virus have been lifted.”

Analyses and QAQC

Gold analyses of Gladiator drill core are 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.

Boris Artinian, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Gladiator project. Mr. Artinian is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.

Open the PDF to view the tables and graphs.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Cautionary and Forward-Looking Statements

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

BONTERRA INTERSECTS 7.35 GRAMS PER TONNE AU OVER 8.35 METRES AT BARRY

Val-d’Or, QC – April 1, 2020: Bonterra Resources Inc. (TSX-V: 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.

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.

Open the PDF to view the tables and a map for the Barry Deposit Project Plan Map – 2020 Drilling

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

Bonterra Extends Mineralization at Moroy and Intersects 9.24 g/t Au over 2.04 metres on a Newly Recognized Structure

Val-d’Or, QC – March 31, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to announce results from drilling recently completed at Moroy. The drilling continues to define and extend mineralization on the M1 and M4 structures and has interested mineralization, including 9.24 grams per tonne (“g/t”) Au over an intersection length of 2.0 metres (“m”), on a new structure referred to as Moroy 7 (“M7”).

The M1 structure (see Cross Section and M1 Zone Long Section) is the priority target for delineation and expansion of gold resources and will be the source of a bulk sample. Recent drilling on the M1 has been completed from underground and from surface. Infill and delineation drilling from Level 14 in the M1-2 zone is consistent with currently interpreted limits of mineralization. Recent grades in this area, including 7.19 g/t Au over an intersection length of
2.82 m and 14.4 g/t Au over an intersection length of 0.91 m indicate the potential to realize a grade greater than the current average resource grade. Assays are pending from the lower M1-2 zone. Recent drilling down plunge of the M1-1 zone has intersected unmineralized intrusive rock in the projected position of the mineralization. However, intercepts of 3.43 g/t Au over an intersection length of 1.22 m and 3.37 g/t over an intersection length of 1.37 m indicate continuity
of structure and mineralization. Continued down plunge drilling of the M1 Zone remains a priority for the Company. A single, longer-range, exploration hole intersected a wide shear zone on the M1 plane, approximately 175 m down plunge of M1-1 and included an intersection of 0.72 g/t Au over an intersection length of 6.89 m (see the M1 Zone Long Section).

The M4 Zone was recently discovered by the Company (see news release dated September 15, 2019). Recent drilling has expanded mineralization to the east with intercepts of 12.29 g/t Au over an intersection length of 1.79 m and 7.17 g/t Au over an intersection length of 1.89 m (see M4 Zone Plan). The M4 zone dips gently (25o – 35o) to the west-northwest with mineralization now occurring over length of approximately 225 m along a westerly trend direction. The M4 zone remains open and is a priority near term target for the Company.

The Company previously released an intercept of 14.88 g/t Au over an intersection length of 4.71 m in hole MY19-155 (see news release date June 12, 2019). Follow-up drilling in the area of the MY19-155 intercept has resulted in the delineation of a near vertical structure striking to the southsoutheast. It is located south of the M1 structure (see Cross Section). Several of the recent intercepts contain anomalous Au and highlights include 9.24 g/t Au over an intersection length of 2.04 m and 4.55 g/t Au over an intersection length of 1.96 m (see M7 Zone Long Section). This newly recognized mineralized structure is referred to as M7.

Greg Gibson, President and CEO of the Company commented: “With the discovery of the M4 Zone during the fall of 2019 and now the M7 Zone, our exploration program continues to illustrate the potential at Moroy. Given the proximity of these zones to M1, continued drilling success and resource delineation has the potential to have a very positive, near term impact on developing reserves and mine planning at Moroy.”

Analyses and QAQC

Gold analyses of Moroy drill core are 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.

Francis Lefebvre, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Moroy project. Mr. Lefebvre is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.

Open the PDF to view the tables.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Cautionary and Forward-Looking Statements

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

Bonterra Announces the Suspension of All Drilling

Val-d’Or, QC – March 17, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”)

Given the seriousness of the Coronavirus Pandemic, Bonterra is immediately suspending all drilling at the Gladiator, Barry, and Moroy Projects and preparations for the bulk sample at Moroy.

Effective immediately, all three camps and the Val-d’Or office will be limited to security and care and maintenance staff. The Company’s exploration team has been asked to work from home and is strongly encouraged to follow all Federal and Provincial directives for safety to avoid the spread of the Coronavirus. This suspension will be effective for a minimum of 3 weeks. At this point in time, the Company is not aware of any Coronavirus cases involving our employees or their families.

The seriousness of the global pandemic is evolving daily. The Company will continue to monitor the situation in the Community and will only lift this suspension and resume regular exploration activities when there are clear indications that our employees are able to return to work in a safe environment.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Bonterra Intersects 15.27 g/t Au over 3.39 m and Extends Mineralization at Moroy

 Val-d’Or, QC – February 27, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to announce that the recently completed drilling has extended the M1 Zone in the Moroy deposit. 

 Assays have been received for drill holes recently completed on the M1 Zone in the Moroy deposit. The focus of the drilling has been the extension of the M1 Zone mineralization up-plunge using a drill from surface and down-plunge utilizing an underground rig. Highlights include an intersection of 15.27 grams per tonne (“g/t”) Au over 3.39 metres (“m”) in an up-plunge position and 8.14 g/t Au over an intersection length of 3.61 m extending mineralization down plunge. The new drill intercepts indicate a significant extension of the M1 Zone and, combined with re-interpretation of the existing drilling, supports a zone of demonstrated continuity beyond the limits used for the current resource estimate. Significant intercepts from the recently completed holes within the M1 Zone are contained in the table below. These holes, as well as those drilled on the M1 structure but outside of the plunging zone of mineralisation, are plotted on the long section attached. 

The Company is currently completing a bulk sample on the 11th Level in the M1 Zone. The location of the bulk sample is indicated in the long section attached. In addition, the Company is completing selected in fill drilling to support future resource to reserve conversion and mine planning. 

Greg Gibson, CEO of Bonterra stated: “We are continuing to advance Moroy towards inclusion in a mine plan and we continue to execute our strategy of advancing resources in other targets at Moroy and our other assets, Barry and Gladiator, to support a long term mine life.” 

 Analyses and QAQC 

Gold analyses of Moroy drill core are 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. 

Qualified Person 

Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101. 

Open the PDF to view a table and a map.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements 

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

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