"BonTerra Increases Stake in Urban-Barry, Arranges Financing VANCOUVER, BC, Nov 08, 2010 (MARKETWIRE via COMTEX) -- BonTerra Resources Inc. /quotes/comstock/11v!e:btr (CA:BTR 0.24, +0.01, +4.44%) (the "Company") announces that it has entered into an option agreement with an arm's length vendor to acquire a 100 percent interest in a property package. The property is composed of 37 claims totaling 2,094 hectares.
These new claims are on strike with Glen Eagle Resources Nubar Deposit (current estimated resource of 564,000 tonnes at 6.2 grams per tonne gold). Historic government magnetic data shows a large magnetic anomaly which runs in the same parallel NE-SW trend as seen on both the Urban Barry and the Eastern extension properties. The new claims are also southwest of Metanor's claim group which hosts the NI 43-101 compliant Barry Deposit (269,000 tonnes @ 4.10g/t gold indicated & 450,000 tonnes @ 4.68 g/t gold inferred). Metanor recently announced the commencement of a 25,000 metre drill program.
President, Mitchell Adam states, "This is a period of rapid growth for BonTerra. Our current drill program has been met with successs and we are very excited to be receiving our rush assays any day now. We envision building a winter camp and continuing to drill all winter on our properties in the Urban-Barry segment of the Abitibi Greenstone Belt of Quebec."
http://www.marketwatch.com/story/...11-08-113560?reflink=MW_news_stmp |