Bonaventure Identifies Major Gold-Bearing Shear Zone at Cottonwood Property.RENO, Nev. -- Geochemical Drilling at Cottonwood Property Find Similarities to Getchell Mine Getchell Mine is an underground gold mine owned by both Barrick Gold, and Newmont Mining, and is located in Winnemucca, Nevada. The operation consists of two underground mines, the Getchell Mine, and Turquoise Ridge. The mining method currently used is Drift and Fill. 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 received assay results for shallow geochemical drill holes at the Cottonwood Property located in Central Nevada, approximately 6 miles (10 km) north of Austin. A total of 1,655 feet of angle RC drilling was conducted in 5 holes to determine the extent and nature of 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. associated with a broad shear zone within intrusive rocks (Geol.) rocks which have been forced, while in a plastic or melted state, into the cavities or between the cracks or layers of other rocks. The term is sometimes used as equivalent to plutonic rocks ltname>. It is then contrasted with effusive or volcanic rocks. See also: Intrusive . Bonaventure has an option on the Cottonwood property that allows it to earn a 100 percent interest subject to a 3 percent royalty. The "Cotton" target occurs in the southern portion of the project area on the south wall of a steep canyon. Because of minimal outcrop, Bonaventure constructed two widely spaced dozer trenches and sampled and mapped any exposed outcrops. A broad zone of north to northeast trending shears have been mapped within quartz diorite Quartz diorite is an igneous, plutonic (intrusive) rock, of felsic composition, with phaneritic texture. Feldspar is present as plagioclase (typically oligoclase or andesine) with 10% or less potassium feldspar. Quartz is present at between 5 to 20% of the rock. intrusive and surrounding argillites of the Ordovician Valmy formation. The shears within the intrusive often contain quartz/sulfide veins with the primary sulfide being arsenopyrite arsenopyrite (är'sĭnōpī`rīt, ärsĕn`ō–) or mispickel (mĭs`pĭkəl), silver-white to steel-gray mineral with the metallic luster characteristic of a pyrite. . Sampling of these veins, which average no more than 6 inches (0.15 m) in width have grades of up to 1.67 oz/ton (57.1 g/t) gold, 0.08 oz/ton silver (2.9 g/t), and 24 percent arsenic. Using Trench 1 for access, two fences of two holes each were drilled approximately 300 feet (90 m) apart. The holes were drilled perpendicular to the shear direction. A fifth hole was drilled 900 feet east to test beneath a historic adit. Results are summarized in the following table:
COTTONWOOD PROJECT SUMMARY DRILLING RESULTS CR-01 TO CR-05
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Azi-
muth Dip Total Inter- Silver Arsenic
HOLE Deg- Deg- Depth From To val Gold Values Values Values
# rees rees Feet Feet Feet Feet GPT Oz/ton GPT Oz/ton PPM
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CR-01 310 -45 370 90 100 10 0.40 0.012 less less
than than
0.5 0.15 4450
335 340 5 0.35 0.010 less less
than than
0.5 0.15 +10,000
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CR-02 143 -45 330 240 260 20 0.49 0.014 less less
than than
0.5 0.15 1702
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CR-03 310 -45 265 60 70 10 0.66 0.019 less less
than than
0.5 0.15 932
205 220 15 0.96 0.028 1.2 0.035 +10,000
225 250 25 0.56 0.016 less less
than than
0.5 0.15 +10,000
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CR-04 130 -45 290 30 40 10 0.47 0.014 less less
than than
0.5 0.15 5820
60 70 10 0.39 0.011 less less
than than
0.5 0.15 4910
110 120 10 0.62 0.018 less less
than than
0.5 0.15 +10,000
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CR-05 287 -45 400 No +0.01 oz/ton Au
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Note: Only +0.01 oz/ton gold values reported in table.
The geochemical drilling found broad zones of anomalous gold (+0.1 g/t) in both fences of holes within which are 5 to 25 feet (1.5-7.5 m) wide quartz/sulfide zones averaging 0.01 to 0.03 oz/ton gold. Drilling shows that the shear zone is at least 500 feet (150 m) wide. Also, Fence 2 (CR-03-04) has stronger gold values than fence 1 (CR-01-02). Fence 2 is approximately 100 feet (33 m) lower than Fence 1 and may indicate values are improving with depth. Arsenic averages over 1,000 ppm in all 4 fence holes. High arsenic is a characteristic of most Nevada gold systems but arsenic of this magnitude is found only at a few including Getchell. The Cotton target has several characteristics of the Getchell gold system. Getchell is located approximately 100 miles (160 km) north of Cottonwood. Early mining at Getchell was of gold in arsenic-rich quartz veins in intrusive rocks near the surface. Later, small near-surface gold deposits were mined in limy units within Ordovician rocks similar to those exposed at Cottonwood. Eventually, deep drilling at Getchell discovered the Turquoise Ridge deposit hosted by a thick carbonate section. Placer Dome Placer Dome was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada. Barrick has acquired 100% of the Placer Dome shares on January 20, 2006, and has integrated the company into its own. , owner of Turquoise Ridge, has announced a current reserve of 3,150,000 ounces of gold. The Getchell fault and other related structures served as the feeder fault for Turquoise Ridge. Bonaventure has identified a major gold-bearing shear zone at Cottonwood. A program of deep drilling is now needed to test the intersection of this shear zone with carbonate host rocks. Carbonate rocks are exposed in the Callaghan Window less than 10 miles (16 km) north of Cottonwood. Because of the cost of such a program, Bonaventure is considering a joint venture of the property with a major gold producer. Bonaventure has in place a rigorous QA/QC QA/QC Quality Assurance/Quality Control program consistent with National Instrument 43-101 and using best industry practice. ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Labs of Reno, Nevada is responsible for all the Bonaventure's assaying. Plans and sections of the Cotton drilling will appear shortly on the company's website www.bonaventure.us. Qualified Person These results have been prepared under the guidance of geologist Richard Kern, Vice-President of 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-VE Exchange 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 Goldfield, small town, SW Nev., a former gold-mining center. Gold was discovered there in 1902, and after an early period of disappointment, large yields of high quality gold were extracted. , Cottonwood, Jet and Northern Lights. The Company also has an option agreement with White Knight White Knight falls off his horse every time it stops. [Br. Lit.: Lewis Carroll Through the Looking-Glass] See : Awkwardness White Knight invents clever objects that never work. [Br. Lit. Resources (TSX:WKR WKR Wrecker WKR Watchkeeping Receiver (maritime) ) to acquire up to 60% interest in the New Pass (Eureka, NV) and Squaw Creek Squaw Creek is the name of several bodies of water in North America, including:
n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] 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 Douglas W. Collins, Director 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. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of the contents herein. Bonaventure Enterprises Inc. (TSX VENTURE:BVT) (PINK SHEETS:BVTEF) |
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