SOURCE: InvestmentPitch

January 05, 2011 01:58 ET's James West, Updates BonTerra Resources (TSX.V - BTR) - Video Summary Posted on

VANCOUVER, BC--(Marketwire - January 5, 2011) - In a report issued today, "BonTerra Resources is Making the Grades in Quebec",'s James West, discusses BonTerra Resources (TSX-V: BTR). has prepared a video, including maps, summarizing this report, which can be viewed here. If this link is unavailable, please visit, and enter "BonTerra" in the search bar.

BonTerra Resources' ongoing drill program on their 100%-owned Eastern Extension property in Quebec has the company excited for its Phase 3 drilling program, currently planned for Q1 2011. Intercepts from the fall program, which saw assays such as 6 metres grading almost 16 grams per tonne gold and nearly 40 grams per tonne of silver with anomalous copper, and 13.5 metres grading 17 grams per tonne gold and 9.8 grams per tonne silver have demonstrated the presence of strong gold and silver mineralization in these quartz veins which are located at the boundaries of a felsic intrusive within shear zones.

Currently the company is drilling 3 additional 200 metre holes seeking to extend the mineralized horizon outlined by the first set of drill holes outlined above.

The Eastern Extension property is located approximately 170 km NE of Val- d'Or and 125 km SW of Chibougamau in the Barry and Bailly townships in the Abitibi Greenstone Belt, Québec. BonTerra's Urban-Barry property is situated just west of the Eastern Extension property. Neighboring companies in the region are Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana and Freewest, Murgor and Noront. The company has an option to earn 100% of the Eastern Extension property subject to a 2% NSR.

So far, BonTerra has yet to drill any of the gold bearing veins beyond 210 metres in depth, and so future drill programs will test those veins at depth for continuity.

According to a story published in the Wall Street Journal's MarketWatch, BonTerra is in a "prime location with results", and asks, "Is BonTerra the next Windfall?"

The story goes on to say,

"The significance of this new gold bearing zone discovery on BonTerra's Eastern Extension property cannot be understated as this may well represent the beginning of a rapid phase of growth for BonTerra. BonTerra's area claim groups are situated next to Metanor Resources' Barry deposit property and open pit mine which contains 309,500 oz Au of Indicated Resources (7,701,000 t at 1.25 g/t Au), 471,950 oz Au of Inferred Resources (10,411,000 t at 1.41 g/t Au), is wide open for expansion and in an area ripe with numerous anomalies leading many to speculate a 4+ million ounce gold target is readily achievable with long term plans to build a concentrator on site. The BonTerra claims are also located ~10 km from the Windfall property presently owned by Eagle Hill Exploration (EAG - V) which recently announced very promising drilling results, in fact, only one year after acquiring the project, Eagle Hill Exploration has completed significant steps towards the definition of a large gold system, potentially amenable to bulk mining."

"It is important to remember that area miners such as Aur Resources (now Teck Cominco), Agnico-Eagle and Sigma are currently mining at depths of between 5,000 and 8,000 feet. BonTerra's find has the potential to increases at depth and along strike. It is very common in this region for the grades to increase at depth and with the values BonTerra is intersecting near surface, it is clear that BTR.V is worth being involved with now. With less than 36M shares outstanding (~44M fully diluted) BonTerra Resources Inc. offers one of the best vehicles for investors seeking serious strong growth prospects in precious metals in a safe mining friendly jurisdiction."

The grades and mineralization have prompted BonTerra to expand their land holdings, and on December 14, 2010 the company announced it had acquired an additional 57 claims covering 912 hectares contiguous and along strike to the Eastern Extension property. "This proposed acquisition, which will expand BonTerra's Eastern Extension property, is a strategic move to continue to consolidate its land position and presence in the Urban-Barry fragment of the Abitibi," said BonTerra CEO Mitch Adam.

The cost of the 57 new claims is $35,000 and 2 million shares of BonTerra.

Besides this very promising precious metals deposit, BonTerra also has a Rare Metals project adjacent to First Gold's Pivert-Rose Property north of Nemiscau in the James Bay region of Québec. The primary commodities targeted here are lithium, rubidium, tantalum and niobium.

BonTerra also has one property in British Columbia, the Symphony Claims. The Symphony claims are contiguous to the Silver Queen Mine (silver-lead-zinc).

BonTerra is led by Mitchell Adam, President of MGA Capital Corp, a company which provides management consulting, corporate finance and investor relations services to public and private companies. Mr. Adam attended undergraduate studies at Simon Fraser University and in 1989 completed the Canadian Securities Course and RR exam. Mr. Adam spent four years working in the brokerage industry at Odlum Brown Ltd. and Nesbitt Thompson Inc. Mr. Adam has 22 years combined experience in securities, and with various public companies, holding the positions of officer and director of several public companies.

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Source: InvestmentPitch via Thomson Reuters ONE


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