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March 16, 2010
Bonterra Corporate Update
Quelle: http://www.bonterraresources.com/s/NewsReleases.asp?ReportID=389757
Vancouver, BC - March 16, 2010: BonTerra Resources Inc. (BTR: TSXV) (the "Company" or "BTR") is pleased to announce the appointment of Mr. Casey Forward to the company's board of directors and to act as the company's CFO. Mr. Forward is a professional accountant with over 25 years of experience and has been employed as an officer and director of several public companies involved in mining and business development. Mr. Forward has an extensive knowledge of the regulatory filing processes involved both in Canada and the U.S. fMr. Forward replaces Mr. Jerry Mini who has tendered his resignation as director and Chief Financial Officer as of today's date.
The Company has granted incentive stock options, pursuant to the Company's stock option plan, to its directors, officers and consultants for the purchase of up to one million one hundred thousand (1,100,000) common shares of the Company for a period of three years at a price of $0.20 per share.
BTR continues to evaluate potential further acquisitions in Quebec to add to its portfolio of recently announced properties.
On January 25, 2010, BTR announced it had entered into an agreement to acquire a 100 percent interest in ground applied for, adjacent to First Gold Exploration Inc.'s Pivert/Rose property.
On March 3, 2010, BTR announced an agreement to purchase a 100 percent interest in 22 strategic mineral claims, directly adjacent to the Pivert-Rose rare metal (lithium, rubidium, tantalum and beryllium) project owned by First Gold Exploration Inc., in the James Bay district of northern Quebec.
The 22 claims encompass approximately 1,165 hectares (or 11.6 square kilometres) and were staked via map designation by Terrax Management. The claim block is pending registration by the government of Quebec. Its acceptance is expected any day. BonTerra has other mineral claims pending in the area and once the claim groups have been accepted, they will give it a strong presence in the district.
The claims acquired cover the same general geology as ground owned by First Gold and lie in close proximity of known pegmatite dikes, in the region which are host to rare metals including Li, Rb, Ta and Be.
On March 11, 2010, BTR entered into an agreement to acquire a 100 percent interest in ground near the Windfall Lake property of Eagle Hill Exploration Corp. in the Abitibi mineralized belt of Northern Quebec. This area between Val d'Or and Chibougamau is known for its gold and copper production, and excellent infrastructure for exploration and mining.
The 36 separate claim blocks total approximately 2,016 hectares, to the southwest of the Eagle Hill property. The ground has been applied for through Gestim, and the applications have been paid and the applications have been acknowledged as received by the Quebec Ministere des Ressources Naturelles et de la Faune.
The ground was strategically selected as a high favourability area prospective for orogenic gold favourablity as determined by the Lamonthe and Harris 2006 assessment of the potential for orogeneic gold deposits in the Abitibi region.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Mitchell Adam
Mitchell Adam
President, Director
For further information contact:
Mitchell Adam
mitchellgadam@shaw.ca
www.bonterraresources.com
Tel: (604) 669-9330
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