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Bonterra discovers new high-grade vein on Panache Property at Urban Barry

Sep 30, 2020

Bonterra Resources Inc. has announced very encouraging results from the surface exploration campaign on its recently acquired Panache property.

"These very encouraging results in this newly explored area of the Urban Barry belt support the assumption that this region's gold potential is high. This bodes well for Bonterra with over 38,000 hectares in the region," said Pascal Hamelin, Interim CEO and VP, Operations. 

In March 2019, the Company acquired the Panache property consisting of 1 claim which features a historic gold showing grading 21.9 g/t Au over 0.4 metres ("m"). (figures 1 and 2).

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Figure 1: Location of the Panache Property

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The Panache property is located north of the Urban Barry greenstone belt along the Urban deformation corridor (figure 2). The Gladiator and Barry projects are located 20 kilometres ("km") southeast and 13 km south of the Panache property respectively (figure 1).

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Figure 2: Thubière Claim Group Geological Setting

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Figure 3: Panache and New Discovery Outcrop Location

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In the summer of 2020, Bonterra mechanically stripped a high-grade gold quartz vein, known as the Boudreault Vein outcrop located 135 m northeast of the Panache Showing  (figure 3). The northwest-southeast oriented vein, ranging in width from 20 centimeters to 1.5 m, was stripped over a length of 60 m (figure 4). There were 20 grab samples collected, of which 17 samples were taken from the vein itself (figure 4). The grades of the 17 samples taken directly from the vein range from 1.1 g/t Au to 79.2 g/t Au, with 8 samples with grades greater than 10 g/t Au (figure 4). Following these results, the 5 channels spaced about 10 m apart were taken from the stripped area (figure 4). A total of 48 channel samples from 0.4 m to 1.5 m in length were collected for a total length sampled of 33.2 m. The best result was 18.6 g/t Au over 1 m from channel 4. The outcropping vein has a sub-vertical dip, thus the reported thicknesses is equal to the true thicknesses.

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