Bonaventure Enterprises Inc.
TSX VENTURE : BVT
PINK SHEETS : BVTEF

November 15, 2005 16:05 ET

Bonaventure Enterprises Inc.: New Pass Project Phase 1 Drilling Results Expand Resource

RENO, NEVADA--(CCNMatthews - Nov. 15, 2005) - Bonaventure Enterprises Inc. (TSX VENTURE:BVT)(PINK SHEETS:BVTEF) has received assay results for all 28 Phase 1 drill holes at the New Pass Project located in Central Nevada, approximately 27 miles (43 km) west of Austin. A total of 9,140 feet of RC drilling was conducted. 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.

Bonaventure's drilling program has confirmed previous drilling results in the area of the current resource and identified potential shallow extensions 200 to 350 feet to the east. The "Indicated Mineral Resource" (see below) occurs between sections 700N (north) and 2000N.

More importantly, scattered drill holes from section 2100N to section 3500N have intersected 55 to 75 feet thick zones of mineralization indicating the potential for a major expansion of the resource to the north. In addition, north-northwest trending high-angle faults have been identified that may be feeder structures for the deposit and that are separate targets. Results for one of these structures include 10 feet averaging 0.307 oz/ton gold and 0.39 oz/ton silver.

Complete drilling results using a 0.010 oz/ton gold cut off are shown in the table below (See Table 1).

The "Indicated Mineral Resource," as given in the 43-101 report on the property, is 3.37 million tons averaging 0.042 oz/ton gold. This resource contains a 400 feet wide gap that has minimal drilling. The resource totals 142,000 ounces of gold. The resource calculations were done in 1989 by a consulting firm hired by Westmont Mining used a 0.020 oz/ton gold cut off and excluded silver values. With currently improved metal prices, a 0.010 cut off is being used by Bonaventure and silver is included in the calculations. Silver values up to 4.61 oz/ton were intersected in Phase 1 drilling. The table below (See Table 1) includes a "gold equivalent" value for each intercept using a 60 to 1 silver to gold ratio.

Approximately 65 percent of the Indicated Resource is oxidized and initial metallurgy by Westmont indicates metal recoveries of 75 to 77 percent using heap leaching. More testing is needed, but work to date indicates the oxide mineralization is amenable to open pit mining and heap leaching. This low cost mining technique is being used at most of the open pit gold-silver mines in Nevada. The average grade of 43 heap leachable deposits in Nevada is 0.035 oz/ton gold.

With further drilling peripheral to the current resource, offset drilling of new intercepts discovered to the north, use of a lower cut off grade, and inclusion of silver in the resource, Bonaventure hopes to increase the resource by several times.

A Phase 2 drilling program is currently being planned with a primary goal of outlining the extent of gold-silver mineralization in the northern portion of the drilling grid. Drilling is expected to resume in the Spring 2006. In the meantime, an independent contractor will be hired to conduct a resource estimate from the current drilling. Additional metallurgical testing is also planned during the Phase 2 exploration program.



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NEW PASS SUMMARY DRILLING RESULTS PHASE 1
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Total
SECTION Azimuth Dip Depth From To
(Feet) HOLE # (Degrees) (Degrees) (Feet) (Feet) (Feet)
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700N NP-0506 70 -55 500 325 350
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405 445
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NP-0507 70 -55 400 215 285
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290 315
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NP-0508 70 -45 300 140 165
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180 230
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900N NP-0510 70 -45 440 280 390
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NP-0512 70 -45 300 185 200
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215 275
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Including 230 235
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NP-0504 70 -45 250 105 175
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1000N NP-0515 70 -45 400 320 365
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NP-0519 70 -45 300 165 235
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NP-0518 70 -45 200 35 120
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1100N NP-0517 70 -45 250 165 230
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NP-0520 70 -45 200 40 70
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105 180
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Including 135 145
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1200N NP-0514 70 -45 400 365 400
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1500N NP-0513 70 -45 320 265 320
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NP-0523 70 -45 350 180 275
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NP-0501 70 -45 240 40 55
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80 110
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1700N NP-0511 70 -45 335 Hole Lost
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NP-0524 70 -45 350 180 195
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210 225
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240 275
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NP-0521 70 -45 300 85 210
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1800N NP-0522 70 -45 285 Hole Lost
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NP-0526 70 -45 350 205 225
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270 315
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NP-0525 70 -45 250 10 20
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90 120
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Including 100 110
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145 185
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220 230
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2000N NP-0516 70 -45 500 315 450
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Including 315 320
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NP-0509 70 -65 300 130 175
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2100N NP-0505 70 -45 300 105 115
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120 130
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150 180
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280 295
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3000N NP-0527 70 -45 400
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200N NP-0528 70 -45 440 315 350
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Including 320 330
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380 390
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3400N NP-0503 70 -45 200 110 130
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140 185
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3500N NP-0502 70 -45 280 70 125
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170 180
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265 275
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Gold
Gold Silver Equivalent
SECTION Interval Values Values (Oz/ton)
(Feet) HOLE # (Feet) (Oz/ton) (Oz/ton) (60/1 Ag:Au ratio)
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700N NP-0506 25 0.035 0.11 0.037
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40 0.022 0.20 0.025
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NP-0507 70 0.014 0.66 0.025
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25 0.020 0.89 0.035
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NP-0508 25 0.015 0.23 0.019
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50 0.039 0.42 0.046
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900N NP-0510 110 0.025 0.65 0.036
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NP-0512 15 0.025 0.18 0.028
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60 0.046 0.17 0.049
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5 0.203 0.50 0.211
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NP-0504 70 0.028 0.23 0.032
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1000N NP-0515 45 0.025 0.34 0.030
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NP-0519 70 0.022 0.15 0.024
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NP-0518 85 0.015 0.19 0.018
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1100N NP-0517 65 0.015 0.23 0.019
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NP-0520 30 0.012 0.37 0.019
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75 0.057 0.20 0.060
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10 0.307 0.39 0.314
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1200N NP-0514 35 0.021 0.23 0.025
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1500N NP-0513 55 0.011 0.08 0.013
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NP-0523 95 0.014 0.15 0.016
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NP-0501 15 0.010 0.13 0.012
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30 0.023 0.23 0.027
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1700N NP-0511 NSV NSV NSV
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NP-0524 15 0.013 0.12 0.015
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15 0.013 0.07 0.014
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35 0.019 0.25 0.023
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NP-0521 125 0.016 0.25 0.020
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1800N NP-0522 NSV NSV NSV
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NP-0526 20 0.056 0.13 0.058
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45 0.029 0.18 0.032
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NP-0525 10 0.014 0.09 0.015
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30 0.095 0.38 0.101
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10 0.183 0.63 0.193
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40 0.012 0.14 0.014
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10 0.024 0.18 0.027
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2000N NP-0516 135 0.022 0.22 0.026
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5 0.183 0.30 0.188
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NP-0509 45 0.017 0.19 0.021
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2100N NP-0505 10 0.012 0.08 0.013
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10 0.015 0.12 0.017
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30 0.025 0.18 0.028
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15 0.046 1.35 0.068
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3000N NP-0527 NSV NSV NSV
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3200N NP-0528 35 0.076 0.17 0.079
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10 0.191 0.36 0.197
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10 0.013 0.03 0.014
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3400N NP-0503 20 0.047 0.03 0.048
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45 0.023 0.12 0.025
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3500N NP-0502 55 0.015 0.05 0.016
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10 0.014 0.22 0.017
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10 0.014 0.01 0.014
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Note: Intervals are true thickness except -65 degree holes that are
80% true thickness; NSV equals no significant values.


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 Enterprises Inc.'s website is www.bonaventure.us. Investor information, call (604) 718-2800, FAX (604) 718-2808.

ON BEHALF OF THE BOARD OF DIRECTORS

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
    President
    (604) 718-2800
    (604) 718-2808 (FAX)
    www.bonaventure.us