Bonaventure Enterprises Inc.

October 04, 2005 09:00 ET

Bonaventure Enterprises Inc.: Early Drilling Results New Pass Project Indicate Potential Resource Expansion

RENO, NEVADA--(CCNMatthews - Oct. 4, 2005) - Bonaventure Enterprises Inc. (TSX VENTURE:BVT)(PINK SHEETS:BVTEF) has received assay results for 12 of a planned 27 drill holes at the New Pass Project located in Central Nevada, approximately 27 miles (43 km) west of Austin. The property is optioned from White Knight Resources Ltd. (TSX VENTURE:WKR) with BVT able to earn up to a 60% interest in the property.

Drill holes NP-0502 and 0503 were drilled at the northern end of the previously defined resource. NP-0505 and 0508 were drilled along the western edge of the resource, 1,200 and 2,700 feet (365 and 825 meters) south of 0503. Drill hole 0503 intersected 65 feet averaging 0.031 oz/ton gold and 0.09 oz/ton silver. NP-0505 intersected an upper zone of 30 feet at 0.025 oz/ton gold and 0.18 oz/ton silver and a new lower zone of 15 feet at 0.046 oz/ton gold and 1.35 oz/ton silver. NP-0508 intersected 50 feet averaging 0.039 oz/ton gold and 0.42 oz/ton silver. Drill hole 0502 was drilled to test volcanic rocks that cover part of the deposit previously thought to be unmineralized. An intercept of 65 feet at 0.015 oz/ton gold and 0.07 oz/ton silver shows the volcanics may add additional tons to the potentially open pittable resource. All of these intercepts are on the margins of the deposit and additional drilling is planned. These results were obtained from ALS Chemex Laboratory located in Reno, Nevada and Vancouver, B.C.

After receipt of all drilling results, cross sections will be constructed and a phase 2 drilling plan designed to further expand the deposit. The NI 43-101 report on the property, written before Bonaventure began its exploration program, lists an "Indicated Mineral Resource" of 3.37 million tons averaging 0.042 oz/ton gold. No silver value is stated. This equates to 142,000 ounces of gold. Further drilling will also test in the vicinity of isolated drill holes and outcrops containing significant gold outside of the resource area.

Qualified Person

These results have been prepared under the guidance of geologist Richard Kern, Vice-President Exploration of BVT, who is designated as the Qualified Person with the ability and authority to verify the authenticity and validity of this data.

About Bonaventure Enterprises Inc.

Bonaventure Enterprises Inc. is a Canadian based resource and exploration company traded publicly under the symbol BVT on the TSX-VE Exchange and BVTEF on the OTC Bulletin Board. The Company holds 100% of the mining properties including Goldfield, Cottonwood, Jet and Northern Lights. The Company also has an option agreement with White Knight Resources (TSX:WKR) to acquire up to 60% interest in the New Pass (Eureka, NV) and Squaw Creek (North end of the Carlin Trend) Properties. The Company's mission is the discovery and development of economic, multi-million ounce gold deposits through the exploration of high quality projects, located primarily in Nevada. Bonaventure Enterprises Inc. is an exploration company with a portfolio of exploration projects prospective for gold and silver.


Basil Pantages, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.

Contact Information

  • Bonaventure Enterprises Inc.
    Basil Pantages
    (604) 718-2800
    (604) 718-2808 (FAX)