Mr. Nav Dhaliwal reports
BONTERRA EXPANDS EXPLORATION PROGRAM AT GLADIATOR GOLD DEPOSIT
Bonterra Resources Inc.'s 2018 winter drilling program is under way at the Gladiator gold project. After completing more than 60,000 metres in 2017, the company plans to drill 30,000 metres during the winter drill program and more than 70,000 metres in 2018. The winter drilling program includes mobilizing two additional diamond drills, for a total of six on the project.
Nav Dhaliwal, president and chief executive officer of Bonterra, stated: "As the expansion of the resource development program at the Gladiator gold deposit continues, Bonterra prepares for its most aggressive quarter to date. Our current winter drilling program goes to highlight the potential expansion of our Gladiator gold project. We are planning a minimum drill program of 70,000 metres for 2018 alone. Bonterra's management remains quite excited for the 2018 calendar year."
The expanded program will include four drills, focused on the extension and definition of the Gladiator gold deposit. Approximately 20 per cent of the planned metres will be drilled outside of the deposit, at targets highlighted from exploration activities conducted in 2017. Similarly, multiple target areas, have been identified to the east and west of the Gladiator gold deposit. Additional metres will also be allocated for exploration drilling, pending success in the initial phase of the campaign.
The winter drilling program further includes the first metallurgical testing to be completed at the Gladiator gold deposit. Results from the metallurgical study are expected in the second quarter of 2018. The company continues to advance the completion of an updated National Instrument 43-101 mineral resource estimate in the second half of 2018. The updated resource estimate will include more than 100,000 metres of additional drilling since the existing resource was completed in 2012.
Robert Gagnon, PGeo, has approved the information contained in this release. Mr. Gagnon is a director of Bonterra and is a qualified person as defined by NI 43-101.
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