Gold News: BonTerra Resources Inc. (PINK:BONXF)(CA:BTR)(FRANKFURT:9BR) and additional Gold Sector News

October 2, 2011 10:49 AM211 commentsViews: 4206

Gold News: BonTerra Resources Inc. (PINK:BONXF)(CA:BTR)(FRANKFURT:9BR) and additional Gold Sector News

NEW YORK, NY, October 3, 2011 eMediaWorld Report Companies on the move include BonTerra Resources Inc (OTCPK:BONXF) (TSX VENTURE:BTR) (FRANKFURT:9BR) which announced Sept 30, 2011 that it is the subject of a Mining MarketWatch Journal review offering insight and opportunity afforded investors as BonTerra is encountering quality intercepts (assaying up to 129 g/t gold) as it tracks and expands mineralized gold zones at its flagship Eastern Extension gold property in Quebec and is ripe for continued high grade discovery of significance. BonTerra is preparing to create a first resource calculation on its Eastern Extension deposit and has identified targets for its winter drill program that Mining MarketWatch Journal believes positions shares of BonTerra for significant upside revaluation offering exceptional opportunity for investors seeking serious strong growth prospects in precious metals in a safe mining-friendly jurisdiction.

Bonterra Resources Inc. (Bonterra) is a junior mineral exploration company engaged in the business of acquiring, exploring and evaluating natural resource properties mainly in North America. The Company has four Canadian mineral properties: Urban-Barry Property, Eastern Extension Property, Rare Metals, all of which are parts of Quebec Project and Symphony Claims which is a part of British Columbia Project. The Company has one subsidiary Symphony Resources Ltd (Symphony).

Commentary:

Additional sector performers reporting news include Portage Resources Inc., through its wholly owned subsidiary Portage Minerals S.A. (POTG-OTCQB)(Other OTC:POTG.PK) who has signed a definitive agreement Sept 30, 2011 with Nilam Resources S.A. to acquire 55% of the Rocas #2 project “aka” concession Ruth RB code 010516107 in the Chiquian district, Department of Ancash.

This concession consists of 200 hectares and is completely surrounded by approx. 3000 hectares of mining properties controlled by industry giant BHP and is located 36 km west of the great Antimina/Pierina project that has produced upwards of 10 million ounces of gold since 1996.

Global Minerals Ltd. (CTG.V) recently announced that William Pincus, Director, has been appointed Chief Executive Officer (CEO) replacing Mr. George Heard. Mr. Heard, CEO and Director, and Mr. Stuart Tennant, Director, are both stepping down to pursue other business opportunities.

AndeanGold Ltd. (CA:AAU) was up +5.00% announced Sept 30, 2011 that the term of the share purchase warrants issued on October 6 and 22, 2010 have been extended from their current expiry dates of October 6 and 22, 2011 to March 30, 2012. A total of 6,250,000 non-transferable share purchase warrants (a “Warrant” or the “Warrants”) were issued to subscribers of the private placement which closed on October 6 and 22, 2010. As originally issued, each Warrant entitled the holder to purchase one common share of the Company at the price of $0.20 per share at any time up to 4:00 pm (Vancouver time) on October 6 and 22, 2011.

Contact

For more information contact BonTerra ‘s head office at: Ph 604.678.5308
Company’s web site: http://www.bonterraresources.com

editor press@emediaworld.com

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