Bonterra Extends Mineralization at Moroy and Intersects 9.24 g/t Au over 2.04 Metres on a Newly Recognized Structure

Val-d'Or, Quebec--(Newsfile Corp. - March 31, 2020) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") is pleased to announce results from drilling recently completed at Moroy. The drilling continues to define and extend mineralization on the M1 and M4 structures and has interested mineralization, including 9.24 grams per tonne ("g/t") Au over an intersection length of 2.0 metres ("m"), on a new structure referred to as Moroy 7 ("M7").

The M1 structure (see Cross Section and M1 Zone Long Section) is the priority target for delineation and expansion of gold resources and will be the source of a bulk sample. Recent drilling on the M1 has been completed from underground and from surface. Infill and delineation drilling from Level 14 in the M1-2 zone is consistent with currently interpreted limits of mineralization. Recent grades in this area, including 7.19 g/t Au over an intersection length of 2.82 m and 14.4 g/t Au over an intersection length of 0.91 m indicate the potential to realize a grade greater than the current average resource grade. Assays are pending from the lower M1-2 zone. Recent drilling down plunge of the M1-1 zone has intersected unmineralized intrusive rock in the projected position of the mineralization. However, intercepts of 3.43 g/t Au over an intersection length of 1.22 m and 3.37 g/t over an intersection length of 1.37 m indicate continuity of structure and mineralization. Continued down plunge drilling of the M1 Zone remains a priority for the Company. A single, longer-range, exploration hole intersected a wide shear zone on the M1 plane, approximately 175 m down plunge of M1-1 and included an intersection of 0.72 g/t Au over an intersection length of 6.89 m (see the M1 Zone Long Section).

The M4 Zone was recently discovered by the Company (see news release dated September 15, 2019). Recent drilling has expanded mineralization to the east with intercepts of 12.29 g/t Au over an intersection length of 1.79 m and 7.17 g/t Au over an intersection length of 1.89 m (see M4 Zone Plan). The M4 zone dips gently (25o - 35o) to the west-northwest with mineralization now occurring over length of approximately 225 m along a westerly trend direction. The M4 zone remains open and is a priority near term target for the Company.

The Company previously released an intercept of 14.88 g/t Au over an intersection length of 4.71 m in hole MY19-155 (see news release date June 12, 2019). Follow-up drilling in the area of the MY19-155 intercept has resulted in the delineation of a near vertical structure striking to the south-southeast. It is located south of the M1 structure (see Cross Section). Several of the recent intercepts contain anomalous Au and highlights include 9.24 g/t Au over an intersection length of 2.04 m and 4.55 g/t Au over an intersection length of 1.96 m (see M7 Zone Long Section). This newly recognized mineralized structure is referred to as M7.

Greg Gibson, President and CEO of the Company commented: "With the discovery of the M4 Zone during the fall of 2019 and now the M7 Zone, our exploration program continues to illustrate the potential at Moroy. Given the proximity of these zones to M1, continued drilling success and resource delineation has the potential to have a very positive, near term impact on developing reserves and mine planning at Moroy."

Analyses and QAQC

Gold analyses of Moroy drill core are completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val-d'Or.

Francis Lefebvre, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Moroy project. Mr. Lefebvre is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.

Hole IDFrom (m)To (m)Length (m)True Width (m)Au (g/t)Zone
MY19-171102.95113.1210.176.210.26M4
MY19-17379.4481.271.831.250.80M4
MY19-17482.6288.866.233.121.49M4
including84.9886.091.110.564.18M4
MY19-17577.9683.415.452.730.45M4
MY19-175183.73192.068.331.22NC
including189.16189.770.6111.95NC
MY19-17688.73106.6817.958.983.04M4
including95.8597.101.260.6335.3M4
MY19-177337.92338.530.610.350.19M4
MY19-17893.2799.035.762.880.41M4
MY19-178148.45149.471.025.32NC
MY19-18075.6387.6412.009.780.72M4
MY19-180108.97110.581.614.62NC
MY19-180179.29179.900.616.24NC
MY19-18172.2084.7312.5210.610.86M4
including82.5083.110.610.528.31M4
MY19-181252.71258.415.703.021.30M7
including256.59257.801.220.655.77M7
MY19-184105.55107.922.371.716.47M4
including105.55106.160.610.4415.2M4
MY19-18581.6385.844.213.340.31M4
MY19-185303.54314.0210.495.243.41M7
including303.54306.653.111.554.10M7
and310.06312.102.041.029.24M7
MY19-187206.29213.297.002.07NC
including206.29207.291.006.45NC
MY19-18884.5591.857.304.400.46M4
MY19-188137.65141.193.541.52NC
including137.65138.260.614.27NC
MY20-18944.5749.705.122.94NC
including44.5745.731.169.7NC
MY20-18975.9186.2810.379.032.61M4
including81.5583.261.711.4912.29M4
300.06301.050.990.862.1M7
MY20-190493.35494.210.850.505.67M1
MY20-19169.0274.835.815.310.22M4
MY20-191139.14141.121.981.350.85NC
MY20-191158.02165.407.385.022.42M1
including160.70162.591.891.298.72M1
MY20-191105.03105.850.823.26NC
MY20-191210.18211.100.917.35NC
MY20-191277.44282.124.682.470.25M7
MY20-19264.6375.1510.527.003.94M4
including65.4674.458.995.994.38M4
including72.9374.451.521.0113.13M4
MY20-19282.2683.481.222.39NC
MY20-192249.09250.911.832.07NC
MY20-193134.24134.850.614.16NC
MY20-193364.63367.072.441.741.93M1
including365.24366.461.220.873.43M1
MY20-19455.6458.693.052.682.50M4
including56.4057.931.521.344.76M4
MY20-194281.19288.086.893.450.72M1
MY20-195193.45199.706.251.74NC
including198.17199.701.525.22NC
MY20-195211.89218.116.225.302.72M4
including213.11215.001.891.617.17M4
MY20-196175.30182.327.014.870.78M1-2
including179.27179.880.610.424.3M1-2
MY20-197191.92195.583.663.502.76M4
including193.14193.750.610.5811.6M4
MY20-197317.58323.936.364.901.61M1-1
including322.56323.931.371.063.37M1-1
MY20-198162.80174.0511.257.992.25M1-2
including164.15166.772.621.867.19M1-2
MY20-199158.23178.2620.0314.122.24M1-2
including160.98161.890.910.6414.4M1-2
and170.58174.704.122.904.48M1-2
MY20-200112.04119.367.326.581.35M1-2
including112.65113.871.221.105.80M1-2
MY20-201assays pending
MY20-202assays pending
MY20-204assays pending
NC- Intercept currently not correlated with a zone and true width is not known

 

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

MOROY - VERTICAL CROSS SECTION LOOKING EAST

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MOROY - M1 ZONE LONG SECTION LOOKING NORTH

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MOROY - M4 ZONE PLAN

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MOROY - M7 ZONE LONG SECTION LOOKING EAST-NORTH-EAST

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