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Bonterra Intersects 23.1 g/t Au over 2.3m at Panache South

Mar 1, 2022

Bonterra Resources Inc. is providing early exploration results from the regional drilling campaign on the Panache South property located in the Urban-Barry township. The recent drilling results confirm the existence of multiple high-grade gold mineralized veins with visible gold observed in hole UB-21-24 returning 23.1 g/t Au over 2.3 metres ("m"), and 30.6 g/t over 1.5 m.


  • Hole UB-21-24: 23.1 g/t Au over 2.3 m, including 62.3 g/t Au over 0.8 m and 30.6 g/t Au over 1.5 m, including 91.4 g/t Au over 0.5 m (visible gold observed)
  • Hole UB-21-26: 5.5 g/t Au over 1.5 m, including 16.2 g/t Au over 0.5 m

Marc-Andre Pelletier, CEO commented: "These high-grade drilling results, in combination with the historical results, demonstrate the potential of the Panache South property located in the prolific Urban-Barry camp. To date, the exploration program at Panache South has delineated multiple high-grade mineralized veins along three kilometers strike length. Bonterra intends to continue its regional exploration program in the Urban-Barry camp in 2022 with the objective to discover new mineralization zones in addition to resource expansion and definition drilling at its more advanced deposits.''

The recent exploration drilling targeted the expansion of existing gold mineralization interpreted to trend east-northeast to east-west from the historical drilling. Panache South historic values include 12.9 g/t Au over 0.5 m and 3.16 g/t Au over 0.4m. A system consisting of several sub-parallel mineralized veins was identified along a span of approximately three kilometres (See Figure 2).

Bonterra has drilled eight holes representing a total of 4,683 m at the Panache South property since September 2021. Partial assay results from four drill holes have been received thus far. Results from the remaining four holes are pending (See Figures 1, 2 & 3 and Table 1).

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Figure 1 - Urban-Barry Regional Geology - Panache South

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Figure 2 - Panache South Drill Hole Location Map

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The Panache South property is dominated by large, interlocking massive to pillowed basaltic rocks and tuffaceous horizons with local gabbroic to dioritic and felsic intrusions. The western and southeastern areas are occupied by a large intrusive mass of granodioritic composition. The southeast contact between the mafic volcanics and the large intrusion is bound by a northeast trending reverse dextral fault. Mineralization at Panache South is hosted within a system of shear hosted quartz-calcite-chlorite veins trending northeast with minor sulfides which include pyrite, pyrrhotite, chalcopyrite and gold.

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Figure 3 - Panache South Cross-Section UB-21-24

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