Bonaventure Enterprises Inc. Begins Exploration of Squaw Creek Project.RENO, Nev. -- Bonaventure Enterprises Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BVT BVT Bouvet Island (ISO Country code) BVT Brevet BVT Bournville Village Trust (UK) BVT Build Verification Test (Software testing process) )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BVTEF) has begun its first phase of exploration at the Squaw Creek property located in the Ivanhoe Mining District, four miles northwest of the Hollister Deposit. The Squaw Creek property is 15 miles southeast of the Ken Snyder Deposit in the Midas Mining District. Both the Ivanhoe Mining District and the Midas Mining districts lie on the northwest strike projection of the Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] Trend. The Midas Mining District lies at the northwest end of a line of gold deposits, which extends to the southeast to the Rain deposit, south of Carlin. The property is optioned from White Knight Resources Ltd. (TSX VENTURE:WKR WKR Wrecker WKR Watchkeeping Receiver (maritime) ) with BVT able to earn up to a 60 percent interest in the property. The first phase of exploration includes an extensive geophysics survey and a drilling program to further test the property previously drilled by White Knight Resources Ltd. According to the 43-101 report prepared for the property, geologist Paul Pelke (P. Geo.) notes that a principal target on the property is a Carlin-type disseminated gold deposit hosted in carbonate rocks within and below the Rodeo Creek Formation which hosts significant gold reserves at some of the mines within the Carlin Trend. "Another target at Squaw Creek, in my opinion, is a high grade vein deposit like Ken Snyder or the deeper part of Hollister," said Richard Kern, P. Geo. and vice president of geology for Bonaventure Enterprises Inc. Bonaventure Enterprises Inc. has engaged Fritz Geophysics of Fairplay, Colorado to conduct extensive geophysical testing of the Squaw Creek property and review the geophysical testing that has been conducted in the region. Fritz Geophysics has 38 years experience in Mineral Exploration Geophysics including extensive field applications on six continents and 24 countries for most metals from Antimony to Zinc with emphasis on base metals and gold. According to the 43-101 report, strongly anomalous gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. has been consistently intersected in drill holes over an area 3 miles long by 1 mile wide. The gold occurs within silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. and brecciated zones often more than 100 feet thick in Paleozoic sedimentary rocks of the Upper Plate and in overlying overlying suffocation of piglets by the sow. The piglets may be weak from illness or malnutrition, the sow may be clumsy or ill, the pen may be inadequate in size or poorly designed so that piglets cannot escape. Miocene age volcanics. Thick zones of Carlin-style gold mineralization are also hosted within silty dolomitic sediments which may be part of the Rodeo Creek Formation indicating the presence of nearby auriferous au·rif·er·ous adj. Containing gold; gold-bearing. [From Latin aurifer, gold-bearing : aurum, gold + -fer, -fer. Lower Plate host rocks. Significant drill intercepts from previous drilling by WKR include: -------------------------------------- Drillhole Length (feet) Gold (oz/ton) -------------------------------------- SC 99-7 5 0.120 -------------------------------------- SC 99-10 135 0.024 -------------------------------------- SC 99-11 90 0.021 -------------------------------------- Qualified Person These results have been prepared under the guidance of geologist Richard Kern, Vice-President Exploration of BVT, who is designated as the Qualified Person with the ability and authority to verify the authenticity and validity of this data. About Bonaventure Enterprises Inc. Bonaventure Enterprises Inc. is a Canadian based resource and exploration company traded publicly under the symbol BVT on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. and BVTEF on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . The Company holds 100% of the mining properties including Goldfield, Cottonwood, Jet and Northern Lights. The Company also has an option agreement with White Knight Resources (TSX VENTURE:WKR) to acquire up to 60% interest in the New Pass (Eureka, NV) and Squaw Creek (North end of the Carlin Trend) Properties. The Company's mission is the discovery and development of economic, multi-million ounce gold deposits through the exploration of high quality projects, located primarily in Nevada. Bonaventure Enterprises Inc. is an exploration company with a substantial portfolio of exploration projects prospective for gold and silver. ON BEHALF OF THE BOARD OF DIRECTORS Basil Pantages, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein. Bonaventure Enterprises Inc. (TSX VENTURE:BVT) (OTC Bulletin Board:BVTEF) |
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