Gold News: BonTerra Resources Inc. (PINK:BONXF)(CA:BTR)(FRANKFURT:9BR) Gold Sector News high on All Three Quebec Gold Properties
Vancouver, British Columbia, October 12, 2011 eMediaWorld Reports Companies on the move include BonTerra Resources Inc (OTCPK:BONXF) (TSX VENTURE:BTR) (FRANKFURT:9BR) recently reviewed its portfolio of quality properties which surround the Eastern Extension property in Quebec. As such the company spent this past summer prospecting these properties with the intent to make them drill ready. New zones of mineralized veining have been observed on the Urban-Barry property.
BonTerra’s gold properties offer a potential strike length of fifteen kilometres roughly parallel to the regional trend. The exception is one minor gap of 500 metres. This mineralized corridor runs from Metanor Resources’ Barry Mine in the west, eastwards to the high grade gold traps of the Eastern Extension property and eastwards still to the Lavoie Gold property. The Company plans to continue its regional exploration program to compliment the ongoing work on the Eastern Extension.
BonTerra is a junior exploration company with its focus in North America. It has a strong management team and the ability to resource properties within British Columbia and the United States. BonTerra will provide a sound investment for its share holders by continually searching for quality properties to add to its portfolio.
BonTerra is committed to maximizing share value through safe and professional exploration activities, to contributing to social and economic development of local communities in its areas of influence and to protecting the environment by adhering to the industry’s best practices. Our goal is prosperity for all.
Gold futures gained Wednesday October 12, 2011, as hopes for a resolution of Europe’s sovereign-debt crisis supported the metal and the dollar traded lower.
Gold for December delivery GC1Z +0.92% added $20.50, or 1.2%, to $1,681.40 an ounce on the Comex division of the New York Mercantile Exchange. It had earlier traded as high as $1,693.90 an ounce and as low as $1,662 an ounce.
The rally for gold came as investors turned more optimistic about Europe’s plan to recapitalize banks, said Tom Pawlicki, a metals analyst with MF Global in Chicago.
The hopes Europe will be able to keep its sovereign-debt woes under control grew as European Commission President Jose Manuel Barroso on Wednesday outlined the plan.
Meanwhile, the dollar index DXY -0.90% , which compares the greenback against a basket of six currencies, fell to 76.951 from 77.549 late Tuesday.
A lower dollar generally helps gold and other commodities as it lowers their price for holders of other currencies, broadening their investment appeal.
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