Suite 4006 – 1011 West Cordova Street
Vancouver, B.C. V6C 0B2
Telephone: (604) 678-5308
Fax: (604) 678-5309
TSX.V- BTR
FSE- 9BR
BONTERRA ASSAYS MULTIPLE GOLD ZONES, EASTERN EXTENSION PROPERTY, QUEBEC
Vancouver, BC – April 18, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company”, “BonTerra”) has received the first assays for the 2012 drill program on its 100% owned Eastern Extension property (the “Property”) situated approximately 170 km northeast of Val d’Or, Quebec. The highlight of the first batch of assays was hole BA-12-02. This hole was drilled on the ice and is characterized by a series of gold zones, one as thick as 19 metres in length assaying approximately one gram per tonne (“g/t”) of gold. This zone included one sample assaying 10.20 g/t gold. Assays continue to exhibit smoked quartz veins hosting gold. Significant drill intercepts are outlined in table 1. The collar details of each drill hole disclosed are outlined in table 2.
BonTerra now awaits the first assays from the Rivage Zone as well as the anticipated resource calculation being conducted by Snowden.
Table 1: Significant assay results
DrillHole / From
(metres) / To
(metres) / Length
(metres) / Gold Grade
(g/t)
BA-12-01 / 219.00 / 222.00 / 3.00 / 2.29
BA-12-01 / 334.00 / 335.00 / 1.00 / 1.28
BA-12-02 / 179.00 / 180.00 / 1.00 / 4.47
BA-12-02 / 233.00 / 252.00 / 19.00 / 0.97
Including / 248.00 / 252.00 / 4.00 / 4.13
Including / 249.00 / 250.00 / 1.00 / 10.20
BA-12-02 / 326.00 / 334.00 / 8.00 / 1.39
Including / 326.00 / 327.00 / 1.00 / 7.86
BA-12-02 / 399.00 / 400.00 / 1.00 / 1.56
BA-12-02 / 425.00 / 426.00 / 1.00 / 1.40
BA-12-03 / 24.00 / 25.00 / 1.00 / 1.63
BA-12-03 / 115.00 / 121.00 / 6.00 / 2.07
Including / 118.00 / 121.00 / 3.00 / 3.74
BA-12-04 / No significant values
Navjit Dhaliwal, President states, “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 “text book example” of vein hosted gold in the Abitibi, commonly intersected on the Eastern Extension. Holes like this encourage us to keep drilling and toadvance this exciting property forward to its first anticipated NI 43-101 resource calculation which is in the final stages of completion by Snowden.”
Table 2: Collar details of the drill holes disclosed in this news release
DrillHole / Easting
(NAD 83) / Northing
(NAD 83) / Elevation
(metres) / Azimuth
(degrees) / Dip
(degrees) / Depth
(metres)
BA-12-01 / 456,266.00 / 5,427,901.00 / 390.00 / 340.00 / -52.00 / 423.00
BA-12-02 / 456,266.00 / 5,427,901.00 / 390.00 / 340.00 / -61.00 / 525.00
BA-12-03 / 456,282.00 / 5,427,986.00 / 390.00 / 340.00 / -60.00 / 141.00
BA-12-04 / 456,313.00 / 5,427,983.00 / 390.00 / 340.00 / -60.00 / 141.00
Qualified Person
This technical content of this press release has been reviewed and accepted by Thomas Clarke, Pr.Sci.Nat., a Director of BonTerra. Mr. Clarke is a Qualified Person under NI 43-101.
These are sample results are taken from mineralized intervals of the drill holes. Depths and lengths are core lengths and not true widths and possibly down dip at times or otherwise non perpendicular. The gold intercepts disclosed in this news release are significant gold intercepts and not all the samples submitted for fire assay. Samples were submitted to AGAT Laboratories (“AGAT”) in Sudbury, Ontario for crushing, and pulverizing. The samples crushed to 75% passing 2 mm and split to 250 grams. The crushed sample is then pulverized to 85% passing 75 um. Once the sample preparation is complete they are shipped to AGAT’s head office in Mississauga, Ontario for analysis. Fifty gram samples are fire assayed with ICP finish. All samples assaying greater than 10 g/t gold are then re-assayed with a gravimetric finish and by metallic screen with a fire assay finish. Assay samples are taken from drill core, sawed in half along the core axis. One half is sent to AGAT and the other half retained by the Company for future reference. BonTerra retains coarse rejects and pulps in a secure facility. The Company applies a full quality assurance and quality control program (QAQC) system for every batch of samples submitted to the lab (gold standard, field sample duplicate and blank).
About BonTerra Resources
BonTerra is a Canadian gold exploration company based in Vancouver, BC. BonTerra is focused on continuing to expand the drill defined gold zones on its Eastern Extension property, part of the world famous Abitibi Greenstone Belt in mining friendly Quebec. BonTerra has a total of three gold properties in the Urban-Barry belt, the Eastern Extension, Lavoie and Urban-Barry properties which 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 Company owns 100% of the Property subject to a 2% NSR which is held by three individuals. 1% of this NSR can be purchased for a sum of $500,000.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/Navjit Dhaliwal
Navjit Dhaliwal
President, Director
(604) 678-5308
For further information contact:
Navjit Dhaliwal
Tel: (604) 678-5308
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the statement that: (i) the Company is awaiting assays from the Rivage Zone; and (ii) the Company is awaiting an anticipated resource calculation on the Property as prepared by Snowden. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) delays with respect to drill results or preparation of a resource calculation;and (iii) general uncertainties with respect to mineral exploration in general. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
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.