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Bonterra intersects 5.6 g/t Au over 4m in Western Extension of Barry Deposit

Sep 23, 2020

Bonterra Resources has announced initial results of the ongoing drilling campaign on the Barry project. The results include several intersections, including 5.6 g/t Au over 4 metres ("m") in hole MB-20-269, 4.3 g/t Au over 4.2 m and 8.9 g/t Au over 0.5 m in hole MB-20-271, and 6.0 g/t Au over 1.8 m in hole MB-20-275.

Pascal Hamelin, Interim CEO and VP, Operations commented: "I am very pleased to see these very encouraging results to the west of the Barry deposit this early in the drilling campaign. It bodes well for the rest of the campaign and ultimately for the potential to add mineral resources in the next resource update."

The 2020 drilling campaign began on January 6, 2020 and was suspended on March 17, 2020 due to the COVID-19 pandemic. This campaign resumed on July 23, 2020 with two drills currently in operation, one on a barge on Lac Limpide and the other on dry land near the Barry deposit.

From January 6 to March 17, 2020, 26 drill holes were drilled for a total of 10,662 m. Analyses were pending for several drill holes. Some of the results of those holes were announced in a press release dated April 1, 2020, but were incomplete. 

Since July 23, 2020, the Company has drilled 20 additional holes representing a total of 6,400 m. Results from seven holes are complete, some results from eight drill holes are still pending, and drill core samples from five drill holes have yet to be analyzed.

This release presents the results from the drill holes not released prior or with pending results prior to the suspension of drilling related to the COVID-19 pandemic as well as the drill holes of the current campaign analyzed to date.

The 20,000 m drilling campaign on the Barry project is designed to:

1) Develop the western and eastern extensions of the Barry deposit on land;

2) Perform infill drilling between intervals greater than 100 m around the deposit, as outlined by the 2019 resource estimate; and

3) Explore a magnetic anomaly under Lac Limpide west and north of the deposit.

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