Bonaventure Enterprises Inc.

September 16, 2005 06:00 ET

Bonaventure Enterprises Inc. Completes CSMT Survey of Squaw Creek Project-Three Targets Identified

RENO, NEVADA--(CCNMatthews - Sept. 16, 2005) - Bonaventure Enterprises Inc. (TSX VENTURE:BVT)(PINK SHEETS:BVTEF) has completed a Controlled Source MagnetoTelluric (CSMT) Survey at the Squaw Creek property located four miles northwest of the Hollister Deposit in the northern Carlin trend, Nevada. The property is optioned from White Knight Resources Ltd. (TSX VENTURE:WKR) with BVT able to earn up to a 60 percent interest in the property.

Frank P. Fritz of Fritz Geophysics completed the design, supervision, and interpretation of the CSMT survey over the Squaw Creek Project. The objectives of this survey were to determine the geophysical properties of host rocks, locate structures and alteration, and map responses that may be associated with economic mineralization. The primary targets are high-grade gold bearing veins similar to the deep veins now being explored at Ivanhoe by Hecla.

From the Fritz Geophysics report: "Three specific Target areas were interpreted from the CSMT data to fit the expected Ivanhoe target type. Target #1 is the best defined Target and is interpreted as a high resistivity zone penetrating the extensive water table low resistivity zone and covered by the late volcanic flows, etc. Target #2 is similar but well within the water table and covered by alluvium. Target #3 is similar to #1 but less well defined on the northern end of the survey block."

Drill hole targeting and environmental permitting is currently underway with Bonaventure's first phase drilling planned for this fall.

Qualified Person

These results have been prepared under the guidance of geologist Richard Kern (P. Geo.), 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 substantial portfolio of exploration projects prospective for gold and silver.


Basil Pantages, President

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Contact Information

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