🕐08.08.11 - 23:27 Uhr

RESOURCEXINVESTORS: ASTOUNDING ASSAYS IN FOR BONTERRA ON "CANADAS FORT KNOX"



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Astounding Assays in for BonTerra on "Canadas Fort Knox"

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By Claire OConnor
ResourcexInvestor.com
Monday 8th August 2011

Digging for ore amidst the gold-flaked fields of the Abiti Greenstone Belt, BonTerra Resources (TSX-V: BTR) has reached a significant milestone with its Eastern Extension property in mining-friendly Quebec. The junior company has just completed 10,112 metres, and drilled 40 holes, as part of its diamond drill program on the Eastern Extension gold property. Over the past year of drilling 4,300 samples were sent to be assayed for gold and the results are now trickling in, demonstrating the impressively high calibre of the Eastern Extension property and the Urban-Barry Greenstone Belt.

Widest Ever Gold Intercept
BonTerra has received complete gold assays for drill hole BA-11-10, the hole with the widest gold intercept BonTerra has discovered to date and, to the best of the companys knowledge, the hole with the widest ever gold intercept on the Urban-Barry belt.

The zone is 169.70 metres in width and assays 0.73 grams/tonne gold; an expansive gold intercept believed to be approximately 12.5 times wider than the original gold zone discovered in BA-10-01 in November, 2010. Inducing, I imagine, 12.5 times the smiles back at BonTerra headquarters.

BonTerra President Mitchell Adam states: "BonTerra is pleased to intercept a gold bearing zone nearly 170 metres wide, by far the longest gold intercept discovered to date. Deepening the gold zones is also of great importance to us, it shows the blue sky potential of the property. The more data we put into our 3D model, the better our geological team understands the property. This advanced knowledge has been paying dividends lately, first with our highest assay value, now with the thickest gold intercept."

The high assays Adam refers to are revealed in a press release dated August 8th 2011. The results read as follows:

89.70 metres assaying 1.33 g/t gold 78.70 metres assaying 1.47 g/t gold 57.20 metres assaying 1.97 g/t gold 31.00 metres assaying 2.84 g/t gold 4.50 metres assaying 18.16 g/t gold 2.30 metres assaying 31.63 g/t gold 0.70 metres assaying 54.00 g/t gold

Since drilling began in 2010, BonTerra has continued to expand the mineralized zone on Eastern Extension which is open to the east, west, south and down dip. Aside from the ground-breaking highest assay and thickest intercept results, the company also assayed several samples over 1 g/t between 440 and 508 metres down hole, which equates to discovering gold at greater depths than previously known. Having traced gold mineralization to 480 metres in vertical depth, this deepening of the mineralized zone by 115 metres creates additional tonnage for the highly anticipated resource calculation due in late 2011.

Another drill hole that has set tongues wagging down at the BonTerra camp is BA-11-29. According to a press release issued August 4th 2011:

"BA-11-29 was deepened after intersecting a mineralized vein zone at the base of the hole assaying 8.1 metres of 14.17 grams/tonne ("g/t") gold including a high grade zone of 3.50 metres grading 32.74 g/t and the highest grade sample BonTerra has received to date, 0.70 metres at 114.0 g/t gold. This intercept is open at depth and additional mineralized veins have been identified in the deepened part of this drill hole with assays pending."

Having achieved this much success with only a fraction of its samples returned, BonTerra could be looking at a very exciting Q3 andQ4 2011.

Eastern Extension
Located on the prolific Abitibi Greenstone Belt, also known as "the Canadian Fort Knox", BonTerras Eastern Extension property boasts 59 historical drill holes totalling 8650 metres and 3 known gold zones.

One historical drill hole in particular, BL-97-01, intercepted 22 metres at 8.31 grams per tonne gold in zone 1. Within this intercept there was a sub-intercept reported at 13.2 metres at 13.5 g/t gold. Zone 2 was then drilled in 1998. This zone was said to have a strike of 450 feet (137.16 metres) from the surface to a depth of 300 feet (91.44 metres).

Zone 2 is hosted by a contact related east-northeast striking, south-southeast dipping shear zone which has been intruded by a narrow conformable felsic and siliceous intrusive. Gold mineralization in zone 2 is primarily found as free visible millimetric grains in quartz veins. The best mineralization is found in these quartz veins which are located at the boundaries of the felsic intrusive within the shear zones.

Since BonTerra got its hands on the exciting prospect by optioning it from Abitex Resources in 2010, the property, and the company itself, have flourished. BonTerra spent approximately $2 million on a multi-faceted work program which of course culminated in the aformentioned assays and record breaking gold intercept width; an investment the company must reflect upon proudly.

Urban-Barry
BonTerra is the proud owner of a total of four properties in the Urban-Barry belt. The Eastern Extension, Lavoie, Urban-Barry and Anderson properties are located approximately 170 km NE of Val-dOr and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Quebec.

Sharing the title of "flagship property" with Eastern Extension, however, is the Urban-Barry property. Urban-Barry is situated between Beaufield Resources (TSX-V: BFD) Zone 18 deposit and Glen Eagle Resources (TSX-V: GER) Nubar deposit and, whats more, just north of the property is a parallel mineralized zone including Eagle Hills (TSX-V: EAG) Windfall Lake property and Metanors (TSX-V: MTO) Barry deposit which is actually in production.

Just to drive home exactly what neighbouring these companies means for BonTerra; Metanors NI 43-101 Compliant Barry deposit contains 309,500 oz Au of Indicated Resources (7,701,000 t at 1.25 g/t Au), 471,950 oz Au of Inferred Resources (10,411,000 t at 1.41 g/t Au) and is wide open for expansion. Interestingly, the ground magnetic survey that BonTerra completed on the Urban-Barry property in late 2010 shows great promise up next to the property boundary with Metanor.

Furthermore, Eagle Hill Exploration recently announced very promising drilling results and has even completed significant steps towards the definition of a large gold system, potentially amenable to bulk mining. Essentially, although Eastern Extension is garnering all the attention at the moment, the Urban-Barry property is so supremely located that it can only be a matter of time before its star begins to shine.

Good Earth
Derived from the french term for "good earth", BonTerra has focused on just that. Good promising earth in one of the most mining-friendly jurisdictions in the world.

Quebecs Abitibi Greenstone Belt is known to host significant high-grade gold mineralization. Gold in the area is primarily associated with quartz-carbonate veins often mineralized with sulphides and locally visible gold. Canadian production and reserves for these types of veins are 5510 metric tonnes which account for 35% of the worlds production of this subtype and 59% of Canadas total production of gold, while the Abitibi as a whole represents 81%.

Combine the irrefutable discovery, exploration and production success of the Abitibi Greenstone Belt with the politically stable, easily accessible and attractive development prospects of Quebec and its clear to see why BonTerra chose the prospects that they did, and how swiftly further success could come a-knocking.

An Exciting and Lengthy Run
In its quest to provide a sound investment opportunity for its share holders, to contribute to the social and economic development of local communities and to basically generate prosperity for all, BonTerra Resources is most definitely making good on that promise. The company has been expanding the Eastern Extension property at a rate that has surpassed even its own expectations. With additional assays in the pipeline, a resource calculation scheduled for late 2011 and an uncanny knack for uncovering new gold deposits, BonTerra looks to be in for an exciting, and lengthy, run in Quebec.

Follow the companys progress at

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