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Bonterra Resources Inc. (TSX-V: BTR)

       BonTerra Resources Inc. is a Canadian-based exploration company with an advanced stage development project listed on the TSX Venture Exchange (ticker symbol BTR). The Company has come to our attention due, in part, to the exceptional opportunity afforded shareholders as Seabridge Gold has agreed to take a potential equity position through a $5,000,000 debenture in BonTerra and sell BonTerra its Red Mountain gold claims near Stewart BC Canada. The deal positions BonTerra with immediate gold resources of 650,000 ounces at Red Mountain. BonTerra has also negotiated an increase in its ownership of their Willoughby project located adjacent to Red Mountain from 51% to 100%.

Red Mountain Gold Project - Stewart BC, Canada

Highlights:

•-650,000 ounce high-grade deposit (> 0.25 opt), 400,000 in measured and indicated categories plus an additional 248,000 ounces in the inferred resource category;
•-Approximately US $40 million spent by previous owners;
•-Large complement of mining equipment included in sale;
•-SRK engineering study estimates 8 year operation with life-of-mine cash operating costs of US$213 per ounce.
 

Summary:

Red Mountain is a structurally-controlled, advanced stage gold deposit located 18 kilometers east of Stewart, British Columbia. The deposit was originally drilled by Bond Gold in the late 1980s, and was subsequently explored by Lac Minerals and Royal Oak Mines. To date, approximately US$40 million has been spent by previous owners at Red Mountain. Diamond drilling on the property has totaled 134,800 metres in 466 holes. In addition, 2,000 metres of underground workings have been excavated, including a 1,000-metre production-sized decline. Significant metallurgical testing has also been performed on the deposit with results indicating that recoveries of 87-90% can be achieved through conventional milling activities.
 
Numerous resource estimates have been reported by previous owners of Red Mountain. In May 2001, WRM completed a comprehensive review and validation of the project’s geological and environmental data. This review included re-logging all drill core and the construction of a new kriged resource block model for the Marc, AV and JW zones. Prior to Closing, Seabridge commissioned D.L. Craig, Professional Geologist, to perform an independent technical review of the new resource model for the Marc, AV and JW zones, and in the process, satisfied the requirements under National Instrument 43-101 for mineral resource public disclosure. In late 2004 Seabridge commissioned SRK Consulting (Canada) Inc. ("SRK Consulting") to address the 132 and 141 zones, which are in close proximity to the Marc, AV and JW zones. In January 2005, SRK Consulting completed their assessment and prepared a technical report on these zones. The new model for Red Mountain, including the Marc, AV, JW, 132 and 141 zones, estimates measured resources of 1.26 million tonnes grading 8.01 grams of gold per tonne (324,000 ounces) plus an indicated resource of 0.34 million tonnes grading 7.04 grams of gold per tonne (76,000 ounces) for a total measured and indicated gold resource of 400,000 ounces. In the inferred category, the project contains an additional 2.08 million tonnes grading 3.71 grams of gold per tonne (248,000 ounces).
 
In January 2003 Seabridge engaged Steffen Robertson and Kirsten (Canada) Inc. ("SRK") to complete an engineering and preliminary economic study of the project. The objectives of the study were to build on previous project work to identify the best project development approach, and to assess the current economics of the project. The study was completed in August 2003 at a cost of approximately $100,000.

 
Red Mountain: BONTERRA ACQUISITION AGREEMENT
As per June 25, 2009 news release (via 90 day Letter of Intent), BonTerra entered into an agreement with Seabridge Gold Inc. ("Seabridge") to acquire a 100% interest in the Red Mountain project. At closing, BonTerra Resources Inc. will provide $6,950,000 cash to Seabridge plus issue a $5,000,000 convertible debenture (the Convertible Debenture shall have a term of three years and pay interest in cash semi-annually at an annual rate of 3% (i.e interest payments every six months of CDN$75,000). At any time during the three year term, at its sole option, Seabridge may elect to convert any portion of or all of the Convertible Debenture into common shares at a price equal to the share price of BTR's public offering used to raise the CDN$6,950,000 cash portion of the Purchase Price) in exchange for a 100% interest in the Red Mountain project which includes: (i) mineral claims; (ii) all project data including an extensive, high-quality data base and drill core repository; (iii) a schedule of assets including office/warehouse buildings and a large complement of mining equipment at the Red Mountain site; (iv) mineral exploration permits and (v) a related agreement to reimburse Seabridge (or reimburse) a $1 million cash reclamation deposit lodged with the B.C. Ministry of Energy.

Red Mountain: ENGINEERING STUDIES

In January 2003 Seabridge engaged SRK Consulting ("SRK") to complete an engineering and preliminary economic study of the project. The report, entitled "Red Mountain Project Engineering Study" (the "SRK Report"), was prepared by or under the supervision of Ken Reipas, P.Eng., an employee of SRK and an independent Qualified Person under NI 43-101. The objectives of the study were to build on previous project work to identify the best project development approach, and to assess the current economics of the project. The following material summarizes information from the SRK Report.

SRK reviewed previous studies and evaluated the development alternatives relating to various aspects of the project. The best development alternatives are:

• Road access to the site.  A road was designed by North American Metals Corp. in 2001 to access the project site.

• A seasonal operation from May to October was selected in favor of year-round operations on the basis of safety and reliability.

• An on-site mill using a grinding and cyanidation leaching (CIP) circuit was selected. The alternative of using flotation to produce a sulphide concentrate for offshore marketing was discarded on the basis of poor economics caused by lower overall gold recovery and smelting costs.

• A conventional type of mill was selected instead of a portable type due to the tonnage required (1000tpd) and the very fine grind needed.

• The full use of backfill was selected to optimize the mining recovery of the resources.  Minimizing backfill was considered to reduce costs, but the possible savings are not enough to justify the lower mining recovery that results.

Based on an initial review of the project economics, SRK utilized a cutoff grade of 6g/t Au (based on a gold price of US$375/oz) to delineate contiguous zones of mineralization to assess various mining and processing scenarios as part of the Engineering study.

SRK decided to include inferred resources in the study because of their high degree of confidence that additional drilling will upgrade this material to the indicated category. The measured resource above the 6 g/t Au cut off grade is 866,000 tonnes grading 9.39 grams of gold per tonne. The indicated resource above the 6g/t cut off grade is 193,000 tonnes grading 8.43 grams of gold per tonne. In the inferred category, gold resources above the 6g/t Au cut off grade is 157,600 tonnes at a grade of 8.62 grams of gold per tonne. Tonnes available for extraction shown in the following table were estimated by a resource conversion process that applied dilution and mining recoveries to the individual deposits comprising the resources above the 6.0g/t cutoff grade. The parameters were based on preliminary mining designs for different areas of the deposit that included both longhole, and cut-and-fill mining methods.

Red Mountain: RESOURCES

Numerous resource estimates have been reported by previous owners of Red Mountain. In May 2001, Wheaton Reiver Minerals Ltd. completed a comprehensive review and validation of the project's geological and environmental data. This review included re-logging all drill core and the construction of a new kriged resource block model. Prior to Closing, Seabridge commissioned D.L. Craig, Professional Geologist, to perform an independent technical review of the new resource model, concentrating on the Marc, AV and JW zones and in the process, satisfied the requirements under National Instrument 43-101 for mineral resource public disclosure.

For the Marc, AV and JW zones, measured and indicated resources at a cut-off grade of 1.0 gram per tonne are estimated to be 1,594,000 tonnes grading 7.80 grams per tonne gold (400,000 ounces of gold) and 29.27 grams per tonne silver (1.5 million ounces of silver). An additional 346,000 tonnes grading 7.45 grams per tonne gold (83,000 ounces of gold) and 12.36 grams per tonne silver (138,000 ounces of silver) are classified as inferred. The mineral resource estimate for Red Mountain in the Craig Report incorporates data from 206 drill holes that were relogged in 2000 by North American Metals Corp.

In late 2004, Seabridge commissioned SRK Consulting (SRK) to address the 132 and 141 zones, which are in close proximity to the Marc, AV and JW zones. In January 2005, SRK completed their assessment and prepared a technical report on these zones. In their report, SRK estimates an inferred mineral resource for these zones of 1.73 million tonnes at a grade of 2.97 grams of gold per tonne (165,000 ounces) at a cut-off grade of 1.0 gram of gold per tonne. Data used by SRK in estimating the Mineral Resources for Zones 132 and 141 include a sub-set of seventy-eight boreholes totalling 28,711 meters. Thirty-four of these holes have intersected gold mineralization in Zones 132 and 141. The remaining forty-four holes are peripheral to the Zones and were used to assist the interpretation of geological data.

In both the Craig Report and the SRK Resource Report, Gemcom software was used to create geological and mineralization outlines in plan and section for a 3D block model. Gold and silver grades were interpolated using ordinary kriging with anisotropic search ellipses designed to fit the geology.

Surface diamond drilling programs were carried out by Falcon Drilling Ltd. of Prince George, B.C., from 1989 to 1991, by J.T. Thomas Diamond Drilling Ltd. of Smithers, B.C., from 1992 to 1994 and by Britton Brothers Diamond Drilling Ltd. of Smithers, B.C., in 1996. Underground drilling programs in 1993 and 1994 were carried out by J.T. Thomas Diamond Drilling Ltd. of Smithers, B.C. The spacing and quality of drill hole data is reasonable for establishing the degree of confidence necessary for estimating and classifying a mineral resource according to NI 43-101.

Standard procedures for sample collection and preparation were applied to all drill core collected on the property since 1989. The Craig Report and the SRK Resource Report each state that the author has no reason to doubt that the sample collection by previous operators of the Red Mountain project was done in anything other than a professional and workmanlike manner. As such, it is believed that the sample quality is good and that they are representative of the mineralization. The authors are also of the opinions that appropriate QA/QC procedures were followed by previous operators of the Red Mountain project, and that as a result of these procedures, there is no reason to doubt the reliability of the assay results.

Red Mountain: EXPLORATION & POTENTIAL

The Red Mountain project has been the target of many geophysical, geochemical, mapping and drill programs over the past 12 years. These programs were executed under considerable pressure and time constraints and a complete compilation of exploration data has not been performed to date. The resource data compiled by North American Metals Corp. in 2000-2001 provided the first comprehensive diagnosis of the Marc, AV and JW zones. Compiling this information in a uniform database in conjunction with the proximal exploration data may prove beneficial in providing vectors for further exploration.
 
Other mineralized zones on the property that were discovered by Bond and/or Lac have not been seriously evaluated for potential. In the SRK Resource Report, SRK Consulting concludes that there is excellent potential to further expand the gold resource at Red Mountain with additional exploration drilling.
 
History
Prospecting and small-scale mining took place near Red Mountain, in the Bitter Creek Valley, as early as 1900 and persisted intermittently through the first half of the 20th century. At this time much of Red Mountain was covered with snow or glacial ice. Since that time the glaciers have retreated significantly, exposing large portions of the summit and surrounding bedrock.
 
Porphyry molybdenum and copper occurrences in the immediate Red Mountain area were explored in the 1960s and 1970s. In 1965, molybdenum and native gold occurrences were discovered at McAdam Point, on the south side of Red Mountain. Additional small molybdenum showings were subsequently located and explored in the central cirque of Red Mountain. Significant gold values (up to 37 g/t) were obtained in 1973 from Lost Mountain, a nunatuk immediately south of Red Mountain. Gold exploration at Red Mountain then ceased as it was generally regarded as a setting favorable for porphyry style molybdenum mineralization.
 
Evaluation of the Red Mountain area for gold potential recommenced in 1987. The Wotan claims were staked in 1988 by local prospectors and optioned to Bond Gold in 1989. In that year, gold mineralization that was the surface expression of the Marc zone was discovered and a drill program was initiated.
 
From 1989 to 1991 Bond carried out exploration programs including 17,638 metres of diamond drilling, surface mapping and sampling and airborne EM and magnetic surveys.
 
Lac Minerals acquired Bond in early 1991. Surface drilling on the Marc, AV, JW, AV Tails and 141 zones continued in 1991, 1992, 1993 and 1994, totalling 48,000 metres. Underground exploration of the Marc zone, including a total of 38,600 metres of diamond drilling, was conducted in 1993 and 1994 via the use of a 1,000-metre production-sized decline. By 1994, Lac believed they had identified a large enough resource to carry out a feasibility analysis. A draft feasibility study was carried out in 1994 and intensive environmental baseline data collection and assessment was undertaken in the latter half of 1993 and through 1994.
 
In September 1994, Barrick acquired Lac and the Red Mountain project assets were transferred to Barrick. Barrick sold the project to Royal Oak in August 1995. Royal Oak extended the underground workings, undertook a drill program seeking extensions to the known deposits, and worked on plans for the development of the project. In 1996, lacking funds for exploration, Royal Oak virtually ceased all activity at Red Mountain. By early 1999 Royal Oak was in serious financial difficulty and an Interim Receiver was appointed to dispose of Royal Oak's assets, including Red Mountain.
 
North American Metals Corp.’s ("NAMC") purchase of the Red Mountain project was completed on 10 February 2000. During 2000, NAMC completed a comprehensive review of the Red Mountain geological and environmental data. NAMC also carried out geological work including the re-logging of a substantial quantity of drill core in order to produce an improved resource estimation model. Additional metallurgical testing investigated the possibility of producing a saleable gold-bearing pyrite concentrate. An access road route was designed from the end of the existing road to the site. NAMC also met with local and provincial officials to discuss the project, its history and some possible new development scenarios. During 2001 new management at Wheaton River Minerals elected to dispose of certain assets, including Red Mountain. Effective December 31, 2001, Seabridge agreed to acquire the Red Mountain project.
 
In total, 466 surface and underground diamond drill holes totalling 134,807.24 metres have tested a variety of targets on the Red Mountain property. Four hundred and six holes, totalling 105,129.20 metres, were drilled by Bond and Lac between 1989 and 1994. The remaining 60 holes, totalling 29,678.04 metres, were drilled by Royal Oak in 1996. No drilling was carried out by NAMC. The majority of drilling has tested the Marc, AV, JW and AV-JW Tails mineralized zones. A total of 368 drill holes from the Bond and Lac programs, including 207 surface drill holes and 161 underground drill holes, have tested this area.
 
Metallurgical testing has been performed by Lakefield Research (1991), Brenda Process Research (1994) and International Metallurgical and Environmental (1997), a derivative of Brenda Process Research. In the spring of 2000, Dr. Morris Beattie, P.Eng. was asked to review the historical work and conduct flotation testwork on Red Mountain samples prepared by NAMC staff. The metallurgical test results indicate that recoveries of 87-90% can be achieved through conventional milling activities.

Regional Geology

Red Mountain is located near the western margin of the Stikine terrain in the Intermontane Belt. There are three primary stratigraphic elements in Stikinia and all are present in the Stewart area: Middle and Upper Triassic clastic rocks of the Stuhini Group, Lower and Middle Jurassic volcanic and clastic rocks of the Hazelton Group, and Upper Jurassic sedimentary rocks of the Bowser Lake Group. Many primary textures are preserved in rocks from all of these groups, and mineralogy suggests that that the regional metamorphic grade is probably lower greenschist facies.
 
Intrusive rocks in the Red Mountain region range in age form Late Triassic to Eocene and form several suites. The Stikine plutonic suite is comprised of Late Triassic calc-alkaline intrusions that are coeval with the Stuhini Group rocks. Early to Middle Jurassic plutons are roughly coeval with the Hazelton Group rocks and have important economic implications for gold mineralization in the Stewart area, including the Red Mountain gold deposits. Intrusive rocks of this age are of variable composition. Eocene intrusions of the Coast Plutonic Complex occur to the west and south of Red Mountain and are associated with high-grade silver-lead-zinc occurrences.
 
Structurally, Red Mountain lies along the western edge of a complex, northwest-southeast trending, doubly-plunging structural culmination, which was formed during the Cretaceous. At this time rocks of the Stuhini, Hazelton and Bowser Lake groups were folded and/or faulted, with up to 40% shortening in a northeast-southwest direction. The Red Mountain deposits lie at the core of the Bitter Creek antiform, a northwest-southeast trending structure created during this deformation event.

Property Geology
The oldest rocks, Middle to Upper Triassic mudstone, siltstone and chert of the Stuhini Group outcrops over about two-thirds of the project’s mapped area. The Triassic rocks grade upward into Lower Jurassic Hazelton Group clastic and volcaniclastic rocks, which outcrop in the northeastern portion of the map area. Rocks of both groups are folded about axes that plunge towards 345° and dip steeply to the southwest. An approximate contact between rocks of the two groups also follows this trend and occurs along the projected trace of the Bitter Creek antiform, a structure that has been mapped. Hazelton Group volcaniclastic rocks on the southwest limb of this structure have been eroded away.

Three phases of the Early Jurassic Goldslide intrusions are exposed in the map area. The Hillside porphyry, a fine- to medium-grained hornblende and plagioclase porphyry, occurs near the summit of Red Mountain and along the ridge to the southeast of the summit. The medium- to coarse-grained hornblende, biotite ± quartz Goldslide porphyry, is distinguishable from the Hillside porphyry by mineralogy and phenocryst size. It is exposed along the Goldslide Creek valley, extending from the surface expression of the Marc Zone to the southwest for two kilometres. Finally, sills of the Biotite porphyry intrude Upper Triassic sediments on the west side of Red Mountain. It is distinguished from the Hillside porphyry by the presence of biotite phenocrysts and from the Goldslide porphyry by the small size of hornblende and plagioglase phenocrysts. Contact breccias and strongly disrupted bedding are common along the contacts of these intrusions, particularly in association with the Hillside porphyry. In addition, the Hillside porphyry contains rafts of the sedimentary rocks ranging in size from one or two metres to several tens of metres.
 
A Tertiary intrusion, the McAdam Point Stock, is exposed in the southern portion of the map area adjacent to the Bromley Glacier. It is a medium- to coarse-grained biotite quartz monzonite dated to 45 Ma.
 
Structural deformation at the property scale is consistent with the observations at the regional and tectonic scales. Folds have been mapped in the entire Triassic-Jurassic succession with north to northwest plunging axes and generally steeply dipping limbs. Fold traces can be complicated and difficult to trace, particularly near intrusive contacts. The timing suggests that the folds are a manifestation of the Cretaceous Skeena fold belt deformation. There is no evidence to suggest that the intrusive units were affected by this folding event.
 
Brittle faulting has affected all rock units at Red Mountain. Two phases of faulting have been recognized: northeast striking, steeply northwesterly dipping faults; and north to northwest trending faults. Faults of the former group are those that offset the mineralized zones, such as the Rick Fault. The latter group is noted to contain more gouge and have broader alteration envelopes than the former. Both of these sets of faults are believed to be the result of a Miocene extensional event.
 

Red Mountain: LOCATION & CLIMATE
The Red Mountain project is situated in northwestern British Columbia near the town of Stewart, 880 km northwest of Vancouver and 180 km north of Prince Rupert. The property lies in the Skeena Mining Division, approximately 18 km east-northeast of the town of Stewart, at 55° 57’ N latitude and 129° 42’ W longitude, between the Cambria Ice Field and the Bromley Glacier at elevations ranging between 1,500 m and 2000 m.
 
Access to the property is currently by helicopter from Stewart with a flight time of 10 to 15 minutes. Road access along the Bitter Creek valley from Highway 37A was partially developed for 13 km by Lac Minerals in 1994 to the Hartley Gulch-Otter Creek area. Currently this road is passable for only a few kilometres from the highway. The remainder is not passable, as sections have been subjected to washout or landslide activity.
 
Climatic conditions at Red Mountain are dictated primarily by its altitude and proximity to the Pacific Ocean.
 
Precipitation measurements taken at the Stewart Airport are considered to be representative of precipitation at the Red Mountain site. The data collected between 1974 and 1992 indicate yearly precipitation averages 188 centimetres with the bulk of this amount falling during the autumn and winter months. At the Stewart Airport approximately 35% of this total falls as snow. The proportion is even greater at higher elevations, where snow may fall at almost any time of year.
 
Temperatures at Red Mountain are moderated year-round by the coastal influence. Data were collected on site from June 1993 until June 1994. The data collected indicated a mean average temperature of 0.1°C, with temperatures dropping to –25°C in winter and reaching 20°C in summer. Windy conditions, as discussed below, add a significant wind chill factor at most times of year.
 
The relative humidity is generally high year-round due to the proximity of the Pacific Coast. The relative humidity through 1993 and 1994 ranged from 67.5% to 89.4% with an average of 78.4% based upon the one-hour average relative humidity values.
 
Windy conditions are frequent at Red Mountain where hourly average wind speeds regularly exceed 10 m/s and instantaneous wind speeds in excess of 30 m/s have been observed. Measurements taken to date are from more sheltered locations than the top of the ridge where much of the surface activity takes place and significantly higher wind speeds are expected.
 
The topography in the Red Mountain area is extremely steep and rugged, with elevations ranging from 500 m to over 2,100 m ASL. The gold deposit lies under the summit of Red Mountain at elevations of between 1,600 and 2,000 m. Alpine glaciers are abundant and surround the property on three sides. Lower elevations are forested, with the tree line occurring at approximately 1,300 m. All current on-site infrastructure lies above the tree line in alpine terrain.

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Willoughby Gold Project - Stewart BC, Canada

Target: High grade lode gold-silver deposit

The Willoughby project is the original listing asset for BonTerra. BonTerra owns 51% of this asset from Copper Ridge and has an agreement to acquire 100% of the property. BonTerra has had some excellent intersections on Willoughby (see below) and the geologists believe the gold system is connected to the Red Mountain Deposit (now the subject of the aforementioned letter of intent from BonTerra to acquire from Seabridge).

Project Description: The Willoughby property is located within a well mineralized trend of the Hazelton Group volcanic rocks in the Stewart-Iskut-Eskay Creek gold district. Highlights of historical drilling on the property include:

• 11.7 m grading 39.8 gpt gold in hole 94-15

• 12.2 m grading 10.8 gpt gold, including 3.0 m grading 32.9 gpt gold in hole 94-27

• 2.9 m grading 398 gpt gold in hole 95-36

• 5.9 m grading 16.2 gpt gold in hole 95-51

• 13.0 m grading 13.3 gpt gold, including 3.0 m grading 31.1 gpt gold in hole 95-53

Other deposits of note within this trend include Red Mountain, 7 kilometres to the west of Willoughby, which has an inferred geologic resource of 1.9 million tonnes of 9.8 g/t gold and 38.1 g/t silver (BC Minfile 103P 086, 1991) and Silbak Premier, 28 kilometres to the northwest of Willoughby, which produced 62.2 million grams (1.99 million ounces) of gold and 1,333 million grams (42.86 million ounces) of silver from 6.6 million tonnes of ore (BC Minfile 104B 054, 1997).

 
Gold and silver mineralization at Willoughby occurs within andesite volcanics and hornblende feldspar porphyry intrusive rocks. Where mineralized, the rocks have been subject to sericite-carbonate-chlorite-pyrite alteration. To date, eight zones of gold and silver mineralization have been located within a 500 by 1500 m area. Mineralization, consisting of pyrite and pyrrhotite along with minor sphalerite, galena and rare visible gold occurs in veins, stockwork and as fracture fillings. In addition, pyrite and pyrrhotite occur as semi-massive to massive lenses and pods.
 
Exploration History: Mineralization was first discovered on the Willoughby property in 1941, but the majority of the exploration work on the property was conducted during the period 1994 to 1997, including 90 m of exploration drifting, 2438 m of underground drilling and 6597 m of surface diamond drilling. Much of this work was focused on the North Zone and the Wilby Zone, where several high grade gold and silver intersections were encountered. The structural complexity of the zones made the interpolation and interpretation of the high grade zones difficult. No resource has yet been calculated for the Willoughby Property.
 
Recent Exploration: Bonterra completed a property examination at Willoughby in August, 2007 and completed a compilation of historical in December, 2007. Late in the 2007 field season, an airborne magnetic and electromagnetic geophysical survey was completed over the property. Some of the conductors detected by this survey correlated with a number of the known mineralized zones. In addition, the survey identified a number of other potentially mineralized conductive trends. A NI 43-101 report has also been completed.
 
Future Plans: June 30, 2009 NEWS: News BonTerra Announces Willoughby Drill Program [Link to News]
The contemplated work program will consist of geological mapping, prospecting, and approximately 1500 metres of diamond drilling on BonTerra's Willoughby property.

On July 2, 2009 Mining MarketWatch asked BonTerra's geologist, Dr. Gerald Carlson, P.Eng., for some insight into what went into selecting targets for the upcoming drill program. Dr. Carlson pointed out that one of the first pieces of work BonTerra performed on the property was to fly an airborne survey. The airborne survey has shown anomalies in the airborne electromagnetics that appear to be related to the known mineralization and there are unexplained conductors a little bit to the SE of the zone and they appear to be on trend, Dr. Carlson said "this suggests that the same style of mineralization that we’ve seen in the existing drilling may extend to the SE."

Another thing that BonTerra did last year was have a geologist that is vey familiar with the geology of the area and particularly Red Mountain do some mapping on Willoughby, the geologist has worked on Red Mountain and noticed similarities on the two properties that will provide valuable guidance. Dr. Carlson offered the following synopsis "we have this gold slide intrusion which is just at the edge of the known mineralization at Willoughby, so given the fact that most of the mineralization at Red Mountain is actually within the gold slide intrusions it opens up a whole new area at Willoughby that needs to be explored. So our plan is to go in and do the geological mapping and do some ground truthing on the geophysical targets that we picked up on the airborne survey and also do some detailed mapping and sampling on the gold slide intrusion that’s exposed along strike to the NW and when the drill comes onto the property we’ll do a combination of things -- one of the things we’ll do will be to twin a couple of the old holes that we need to confirm the historical results, we’ll look at geophysical targets to the SE and I hope we will get a chance to drill some holes into the gold slide intrusion to the NW."

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Zacatecas North Gold-Silver Property - Huston BC, Canada

Strong potential for high sulphidation epithermal silver-gold deposit

17 mineral claims covering an area of approximately 7,724 hectares, lying within the Omineca mining district of British Columbia. The properties are located adjacent to the old silver Queen mine property in central BC, ~30 km south from Huston on the Morice river-Owen Lake Forestry road, a good all-weather road which branches south from Highway 16 three km west of Huston. the property is situated north and east of Owen Lake. [May 2009 Technical Report on subject property 6.3MB PDF]

Based on the results of previous geochemical and geophysical surveys performed by ASARCO, Place Development and other companies, the Zacatecas North group of claims appears to have strong potential for a high sulphidation epithermal silver-gold deposit within the claim boundaries.

Robert Coltura, Director
Mr. Coltura is a businessman with significant entrepreneurial experience with over 20 years of experience in a diverse range of industries. He is President of Matalia Investments Ltd. Mr. Coltura provides BonTerra with a broad range of marketing, corporate strategy and negotiation skills. Mr. Coltura is a director of Amera Resources, a Grosso Group company.

 
Jerry Minni, C.G.A., Director
Mr. Minni has accomplished record in business investments and corporate reorganizations. He was one of the founding partners of Minni, Bella & Co, Certified General Accountants in Vancouver, BC. Over the past 22 years, Mr. Minni has been active in the venture capital markets and has held various positions as officer and director of various reporting companies such as Amera, IMA, Raytec and Weststar Resources.

For more information contact BonTerra's head office: Ph (604).290.6152

E-mail: info@bonterraresources.com    Company's web site: www.bonterraresources.com

SEDAR Filings: URL