Mr. Nav Dhaliwal reports
BONTERRA ANNOUNCES VICE PRESIDENT OPERATIONS AND PROVIDES UPDATE ON WINTER DRILL PROGRAM AND METALLURGICAL STUDIES
Bonterra Resources Inc. has appointed Peter A. Ball as vice-president of operations and is providing an update of the continuing winter drill program and metallurgical studies.
"I am pleased to have Peter formally join the Bonterra team, as he has been a board adviser since 2015. Originally from Kirkland Lake, Ont., and a fifth-generation mining professional, he brings extensive knowledge of the mining sector stretching back to the 1980s, where he commenced his career working as a mining engineer. Peter has held senior level executive positions with multiple precious and base metals companies, including recently the chief executive officer of a North American gold exploration company. Peter will be a valued addition to the Bonterra senior management team as vice-president of operations as we push forward with our metallurgical studies and resource update," stated Nav Dhaliwal, president and chief executive officer of the company.
Mr. Ball is a mining professional with over 25 years of experience in mining engineering, corporate finance, business development and marketing, and most recently held the position of president and CEO of Redstar Gold Corp. Mr. Ball began his career in the late 1980s working as a mining engineer, and subsequently in various management and senior executive roles for numerous companies, including Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., Eldorado Gold Corp., Adriana Resources Inc., Argentex Mining Corp., Century Mining Corp. and Columbus Gold Corp. He currently serves as a director for several publicly listed companies and is a graduate of the Haileybury School of Mines and Georgian Business College. Mr. Ball has been active with Bonterra since 2015 as a board adviser.
Dale Ginn, vice-president of exploration, commented: "I have known Peter since the early 1990s when we had the opportunity to work together for a few yearsduring a period of successive new discoveries and mine developmentsat Hudson Bay Mining & Smelting, and when Peter worked as a senior mining engineer. I am pleased to once again team up as we continue to advance the resource development program at the Gladiator Gold Project. Peter's technical skills, along with his extensive capital markets experience, is a great addition to the team as we accelerate our development activities at Gladiator."
Metallurgical studies review
ALS Metallurgy of Kamloops, B.C., has been contracted to complete metallurgical studies for the Gladiator gold deposit. The metallurgical work will include at minimum grind optimization, gravity separation, flotation and cyanide leach testing. These studies are intended to provide an initial look at the characteristics of mineralization to help guide future optimization test work and processing flow sheet specifications. ALS will complete the work on approximately 45 kilograms of composite sample from the Main zone from two wide diameter holes (MT-18-01, MT-18-02). Optimization work will continue as results are received and the company does not anticipate disclosing results until completion in Q2 2018. Results from the metallurgical test work will be an integral part of the information to be used in the future potential engineering studies as we continue to derisk the Gladiator gold deposit.
Winter drill program review
The continuing drilling campaign, totalling 70,000 metres in 2018, includes infill and definition drilling at the Gladiator gold deposit. The winter drill program comprises five drill rigs completing about 25,000 metres on the Gladiator gold deposit and is focused on definition drilling at a 50-metre drill hole spacing for the updated resource estimate in the second half of 2018. In addition, two drill rigs, completing about 5,000 m, have been deployed on regional exploration targets to the southwest (Coliseum zone) and to the northeast (St. Cyr zone).
Both the preliminary metallurgical studies and accelerated drill programs are on schedule and budget, ensuring the completion of the company's mineral resource update in the second half of 2018.
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 National Instrument 43-101.
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