Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on BonTerra Resources Inc. (TSX VENTURE:BTR)
BonTerra Resources Inc. (TSX VENTURE:BTR)
The 95 separate claim blocks total approximately 1,520 hectares south of the EAG property. Terms of the deal call for BTR to pay the vendor a total of $20,000 on the execution of the agreement and issue 1,000,000 shares of the Company on claim application approval and TSX Venture approval. The Company will issue a 2% NSR with .05% buyback for $1,000,000. BonTerra will also incur a minimum exploration expenditure of $140,000 in order to maintain good standing.This transaction will be subject to a finders fee.
Eagle Hill Exploration Corp. announced in Stockwatch on March 09, 2010, the following results from theWindfall Lake property:
The assay results from drill hole EAG-10-196 continue to indicate the presence of significant gold grades over wide mineralized intervals including 14.5 grams per tonne gold over 52 metres (3.51 g/t gold when cut to 1.00 ounce per ton).
Drill hole EAG-10-196 is the first step-out drill hole completed at the Windfall Lake property by Eagle Hill, and extends the gold mineralization by 46 metres to the southwest. This is the westernmost borehole drilled on the gold zone and it indicates that the zone remains open to the southwest where additional drilling is being conducted. Gold mineralization is defined by abundant pyrite stockwork hosted by a highly silicified and sericitized rhyolite breccias.
Company president, Mitchell Adam states, “We are continuing to develop a very sizable land position in Quebec and feel that both the geology and the mining exploration climate in Quebec are a very good fit for BonTerra. We have also developed good relationships with both property vendors and crews which have the local geological knowledge and years of experience in the region.”
BonTerra is currently updating its website and maps of all the new claims are available at www.bonterraresources.com.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Mitchell Adam, President, Director
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of BonTerra such as the statement that: There are numerous risks and uncertainties that could cause actual results and BonTerra’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) the inability to obtain exchange approval and (ii) other factors beyond BonTerra’s control. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, BonTerra assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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