Bonaventure Enterprises Inc.

October 11, 2006 09:30 ET

Bonaventure Enterprises Inc.: Drilling in Progress at Squaw Creek and New Pass Projects, Nevada

RENO, NEVADA--(CCNMatthews - Oct. 11, 2006) - Bonaventure Enterprises Inc. (TSX VENTURE:BVT)(OTCBB:BVTEF) is pleased to announce that drilling has begun at the Squaw Creek and New Pass properties, both located in Nevada.

- Squaw Creek Property - North Carlin Trend -

The first of three 1,500ft. (457 m) deep angle holes is approaching target depth. The holes are pre-collared using an RC rig to penetrate post-mineral rocks and completed using a core rig. Holes SC-0601 and 0602 are a fence of holes designed to be drilled across a large interpreted fault zone indicated in a CSMT geophysical survey completed in 2005. The primary target at Squaw Creek is a high grade vein deposit like Ken Snyder to the northwest or the deeper part of Hollister, located to the southeast. The program is expected to last approximately one month.

- New Pass Property - West of Austin, NV -

Phase 2 angle drilling has begun in the northern portion of the project drill grid using an RC rig. The program includes 9,000-10,000ft. (2,700-3,050m) of new drilling in 20-25 holes to expand the current resource. Hole depths will be 250ft. (75m) to 650ft. (200m). Drilling of the untested portion of the current drill grid as well as up-dip and down-dip offsets from the current Inferred Resource will be completed. The Phase 2 drilling program will occur over a strike length of approximately 3,200ft. (975 m). The angle hole program will also test volcanic rocks above the resource that were not assayed previously and explore possible high grade feeder faults below the deposit. The drilling program is expected to last until the end of the year.

Both the Squaw Creek and New Pass properties are joint ventured with White Knight Resources Ltd. (TSX VENTURE:WKR), with BVT able to earn up to a 60 percent interest in each property.

Bonaventure has in place a rigorous QA/QC program consistent with National Instrument 43-101, using best industry practice. ALS Chemex Labs of Reno, Nevada is responsible for all the Bonaventure's assaying.

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 Venture 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 VENTURE: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. Bonaventure's website is


Basil Pantages, President

Certain of the statements contained in this press release may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Statements or information regarding objectives of the board of directors are forward-looking statements. The words "intends" and "expects" and similar expressions are intended to identify forward-looking statements or information, although not all forward-looking statements or information contain these identifying words. Plans, intentions or expectations disclosed in any forward-looking statements or information should not be read as guarantees of future results or events, and will not necessarily be accurate indications of whether or the times at or by which such results or events will be achieved. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Bonaventure, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Except as required by law, Bonaventure expressly disclaims any intention and undertakes no obligation to update any forward-looking statements or information as conditions change.

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.
    Investor Information
    (604) 718-2800
    (604) 718-2808 (FAX)