ONTARIO, ON – Bonavista Resources Corp. (“Bonavista Resources” or the “Company”) is pleased to announce core drilling results from high-sulphidation gold Burin Gold Project in the Burin Peninsula, Newfoundland.
One proof of concept core hole (HP-20-001) confirms the presence of potentially economic high-sulphidation epithermal mineralisation at depth below Hickey’s Pond, similar in grade to much of the outlying parts of the Hope Brook deposit.
An overall mineralised interval of 52.0 m of 0.68 g/t Au was intersected from 16.0 m to 68.0 m. This interval included 8.64 m of 1.77 g/t Au from 17.36 m, inc. 4.0 and 4.1 g/t Au, and 4.64 m of 1.50 g/t Au from 49.36 m. The highest gold concentrations were associated with a zone of quartz-hematite breccia (20.12 – 27.00 m), although grades > 1 g/t Au were also noted in the quartz-hematite-alunite schist, as well in the massive quartz and the quartz-alunite-pyrite units.
In follow up of our successful initial drilling campaign, further drilling is planned for late 2020 to comprehensively test the mineralized system at Hickey’s Pond.
A summary table of results for selected elements is given in Table 1.
Table 1: HP-20-01 assay results, selected elements
| Sample | From | To | Interval | Au ppm |
Ag ppm |
As ppm |
Bi ppm |
S % |
Sb ppm |
Se ppm |
Te ppm |
|---|---|---|---|---|---|---|---|---|---|---|---|
| B0172553 | 7.80 | 9.00 | 1.20 | 0.025 | 0.02 | 4.3 | 1.07 | 0.72 | 1.91 | 1 | 0.32 |
| B0172554 | 9.00 | 10.00 | 1.00 | 0.025 | 0.04 | 5.9 | 0.99 | 1.04 | 1.76 | 2 | 2.28 |
| B0172555 | 10.00 | 11.00 | 1.00 | 0.025 | 0.11 | 8.5 | 1.55 | 0.80 | 2.75 | 4 | 5.02 |
| B0172556 | 11.00 | 12.00 | 1.00 | 0.050 | 0.09 | 6.0 | 1.34 | 0.87 | 2.29 | 3 | 1.96 |
| B0172557 | 12.00 | 13.00 | 1.00 | 0.130 | 0.14 | 7.1 | 2.10 | 1.62 | 2.86 | 8 | 3.50 |
| B0172558 | 13.00 | 14.00 | 1.00 | 0.025 | 0.05 | 5.7 | 1.55 | 1.33 | 2.56 | 5 | 1.97 |
| B0172559 | 14.00 | 15.00 | 1.00 | 0.025 | 0.12 | 7.7 | 2.34 | 1.42 | 2.85 | 11 | 6.02 |
| B0172560 | 15.00 | 16.00 | 1.00 | 0.025 | 0.22 | 10.5 | 2.72 | 1.90 | 3.10 | 14 | 7.05 |
| B0172561 | 16.00 | 17.36 | 1.36 | 0.220 | 0.62 | 23.7 | 15.40 | 2.22 | 5.63 | 21 | 16.10 |
| B0172562 | 17.36 | 18.00 | 0.64 | 1.640 | 0.78 | 13.4 | 75.90 | 2.24 | 11.20 | 33 | 40.60 |
| B0172563 | 18.00 | 18.90 | 0.90 | 1.200 | 0.43 | 28.3 | 91.60 | 3.06 | 11.65 | 26 | 53.60 |
| B0172564 | 18.90 | 20.00 | 1.10 | 0.350 | 0.23 | 7.2 | 66.50 | 3.59 | 6.80 | 21 | 31.40 |
| B0172565 | 20.00 | 21.00 | 1.00 | 1.190 | 1.80 | 37.0 | 67.90 | 4.14 | 14.85 | 72 | 45.00 |
| B0172566 | 21.00 | 22.00 | 1.00 | 0.940 | 0.37 | 9.1 | 32.30 | 3.81 | 7.56 | 15 | 21.80 |
| B0172567 | 22.00 | 23.00 | 1.00 | 1.270 | 0.74 | 33.5 | 397.00 | 2.58 | 18.15 | 51 | 137.00 |
| B0172569 | 23.00 | 24.00 | 1.00 | 4.140 | 0.47 | 21.0 | 1535.00 | 2.62 | 27.50 | 34 | 438.00 |
| B0172570 | 24.00 | 25.00 | 1.00 | 1.200 | 0.98 | 8.6 | 91.80 | 3.04 | 13.55 | 12 | 35.90 |
| B0172571 | 25.00 | 26.00 | 1.00 | 4.020 | 1.21 | 28.6 | 76.80 | 1.80 | 29.90 | 32 | 43.70 |
| B0172572 | 26.00 | 27.55 | 1.55 | 0.860 | 2.76 | 14.8 | 35.30 | 3.14 | 13.65 | 27 | 15.40 |
| B0172573 | 27.55 | 28.50 | 0.95 | 0.470 | 0.85 | 5.7 | 12.60 | 4.78 | 10.20 | 5 | 6.71 |
| B0172574 | 28.50 | 30.00 | 1.50 | 0.210 | 0.86 | 6.7 | 8.94 | 4.35 | 11.95 | 6 | 8.71 |
| B0172575 | 30.00 | 31.00 | 1.00 | 0.410 | 1.23 | 6.7 | 9.08 | 4.54 | 9.08 | 24 | 8.05 |
| B0172576 | 31.00 | 32.00 | 1.00 | 0.340 | 1.49 | 7.4 | 9.91 | 5.17 | 11.05 | 34 | 8.14 |
| B0172577 | 32.00 | 33.00 | 1.00 | 0.430 | 1.16 | 27.4 | 9.15 | 8.45 | 14.50 | 59 | 31.10 |
| B0172578 | 33.00 | 33.72 | 0.72 | 0.390 | 0.88 | 14.0 | 6.51 | 5.98 | 10.15 | 30 | 19.20 |
| B0172580 | 33.72 | 35.00 | 1.28 | 0.350 | 4.16 | 36.0 | 23.90 | 6.14 | 8.77 | 89 | 12.65 |
| B0172581 | 35.00 | 36.00 | 1.00 | 0.220 | 0.54 | 25.5 | 3.15 | 5.66 | 6.65 | 27 | 8.76 |
| B0172582 | 36.00 | 36.70 | 0.70 | 0.140 | 0.56 | 15.1 | 3.65 | 3.59 | 5.42 | 38 | 3.27 |
| B0172583 | 36.70 | 37.68 | 0.98 | 0.150 | 0.69 | 10.8 | 4.14 | 4.46 | 5.85 | 23 | 4.04 |
| B0172584 | 37.68 | 39.00 | 1.32 | 0.270 | 1.54 | 14.7 | 5.85 | 4.58 | 5.48 | 45 | 7.05 |
| B0172585 | 39.00 | 40.50 | 1.50 | 0.280 | 0.99 | 13.7 | 4.37 | 4.91 | 5.67 | 25 | 8.20 |
| B0172586 | 40.50 | 41.73 | 1.23 | 0.370 | 0.43 | 21.8 | 3.70 | 8.11 | 5.63 | 47 | 14.10 |
| B0172587 | 41.73 | 43.00 | 1.27 | 0.340 | 0.56 | 7.1 | 3.78 | 2.18 | 4.39 | 20 | 6.15 |
| B0172588 | 43.00 | 44.00 | 1.00 | 0.210 | 0.78 | 8.7 | 8.31 | 5.75 | 3.76 | 31 | 8.44 |
| B0172590 | 44.00 | 45.00 | 1.00 | 0.190 | 0.59 | 7.8 | 11.80 | 3.24 | 3.52 | 38 | 8.53 |
| B0172591 | 45.00 | 46.00 | 1.00 | 0.220 | 0.90 | 10.8 | 6.01 | 5.67 | 5.15 | 58 | 8.87 |
| B0172593 | 46.00 | 47.00 | 1.00 | 0.600 | 1.56 | 16.9 | 4.94 | 3.39 | 6.18 | 82 | 11.10 |
| B0172594 | 47.00 | 48.00 | 1.00 | 0.240 | 0.66 | 17.1 | 6.28 | 10.00 | 5.52 | 29 | 10.15 |
| B0172595 | 48.00 | 49.36 | 1.36 | 0.520 | 0.51 | 16.6 | 15.60 | 9.29 | 5.24 | 21 | 11.85 |
| B0172596 | 49.36 | 50.00 | 0.64 | 1.190 | 1.07 | 3.8 | 17.85 | 5.16 | 4.48 | 4 | 9.15 |
| B0172597 | 50.00 | 51.00 | 1.00 | 0.940 | 1.53 | 4.1 | 20.60 | 5.07 | 5.24 | 3 | 6.12 |
| B0172598 | 51.00 | 52.00 | 1.00 | 1.330 | 3.76 | 6.5 | 29.70 | 5.82 | 10.65 | 5 | 12.85 |
| B0172599 | 52.00 | 53.00 | 1.00 | 2.250 | 6.71 | 5.4 | 149.50 | 4.63 | 17.85 | 12 | 42.40 |
| B0172600 | 53.00 | 54.00 | 1.00 | 1.690 | 1.07 | 8.3 | 185.50 | 8.34 | 6.93 | 46 | 25.10 |
| B0172601 | 54.00 | 55.00 | 1.00 | 0.750 | 0.56 | 13.0 | 20.50 | 8.58 | 7.81 | 35 | 14.45 |
| B0172602 | 55.00 | 56.00 | 1.00 | 0.820 | 0.47 | 15.2 | 15.50 | 10.00 | 5.87 | 33 | 17.60 |
| B0172604 | 56.00 | 57.00 | 1.00 | 0.460 | 0.24 | 9.6 | 11.65 | 10.00 | 3.67 | 13 | 7.52 |
| B0172605 | 57.00 | 58.00 | 1.00 | 0.450 | 1.88 | 5.0 | 80.50 | 7.65 | 6.07 | 23 | 20.00 |
| B0172606 | 58.00 | 59.37 | 1.37 | 0.310 | 0.53 | 3.6 | 26.50 | 5.76 | 3.28 | 34 | 9.25 |
| B0172607 | 59.37 | 60.00 | 0.63 | 0.180 | 0.54 | 3.0 | 7.40 | 3.33 | 4.20 | 1 | 3.43 |
| B0172608 | 60.00 | 61.00 | 1.00 | 0.150 | 0.29 | 3.0 | 5.46 | 1.68 | 3.70 | 10 | 3.02 |
| B0172609 | 61.00 | 62.00 | 1.00 | 0.140 | 0.45 | 7.1 | 52.20 | 5.17 | 6.47 | 24 | 21.00 |
| B0172610 | 62.00 | 63.00 | 1.00 | 0.170 | 0.65 | 2.7 | 16.65 | 4.65 | 5.01 | 10 | 5.09 |
| B0172611 | 63.00 | 64.00 | 1.00 | 0.410 | 0.49 | 7.7 | 74.60 | 4.75 | 12.05 | 8 | 37.90 |
| B0172612 | 64.00 | 65.00 | 1.00 | 0.220 | 0.48 | 12.5 | 18.30 | 3.70 | 14.15 | 6 | 38.60 |
| B0172613 | 65.00 | 66.00 | 1.00 | 0.210 | 1.19 | 8.3 | 9.45 | 1.85 | 12.15 | 5 | 19.25 |
| B0172614 | 66.00 | 67.32 | 1.32 | 0.180 | 0.63 | 8.2 | 3.22 | 3.91 | 11.75 | 7 | 14.55 |
| B0172615 | 67.32 | 68.00 | 0.68 | 0.240 | 0.29 | 11.5 | 1.34 | 1.08 | 8.48 | 102 | 17.25 |
| B0172617 | 68.00 | 69.00 | 1.00 | 0.120 | 0.29 | 5.8 | 3.59 | 2.84 | 3.04 | 54 | 6.12 |
| B0172618 | 69.00 | 70.00 | 1.00 | 0.025 | 0.14 | 4.8 | 1.66 | 3.57 | 2.69 | 29 | 5.35 |
| B0172619 | 70.00 | 71.00 | 1.00 | 0.150 | 0.33 | 6.2 | 3.97 | 4.97 | 5.47 | 31 | 8.85 |
| B0172620 | 71.00 | 72.00 | 1.00 | 0.200 | 0.59 | 7.0 | 5.66 | 2.59 | 6.56 | 34 | 16.40 |
| B0172621 | 72.00 | 73.00 | 1.00 | 0.025 | 0.25 | 6.5 | 1.76 | 0.98 | 5.43 | 8 | 3.23 |
| B0172622 | 73.00 | 74.00 | 1.00 | 0.025 | 0.56 | 7.7 | 0.68 | 2.47 | 4.87 | 5 | 6.56 |
| B0172623 | 74.00 | 75.00 | 1.00 | 0.370 | 0.48 | 5.7 | 5.98 | 2.69 | 6.83 | 22 | 24.90 |
David Clark, MSc., P.Geo., President, Bonavista Resources, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and validated that the information contained in the release is accurate. Samples were delivered to Air Canada Cargo in St John’s by Bonavista personnel and air freighted to Vancouver. Samples were picked up by Bonavista personnel and delivered to ALS Geochemistry in North Vancouver. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. All samples were crushed to 90% passing a 2 mm mesh. From here, two separate sampling processes were followed, one for gold assay and one for multi-element geochemistry. For the former, a metallic screen assay was completed: 1000 g was pulverised to 85% passing 75 μm, and the entire aliquot was dry screened, with the minus fraction assayed with duplicate 50 g fire assays, and the entire plus fraction fire assayed. For the latter, 250 g of crush material was pulverised to 85% passing 75 μm, and a 0.5 g aliquot was dissolved in a four-acid digestion and analysed for multi-element geochemistry by ICP-MS.
About Bonavista Resources
Bonavista Resources is company focused on exploring a large landholding in the underexplored Avalonian terrane on the Burin Peninsula, Newfoundland. This underexplored belt displays geological similarities to the past producing Hope Brook deposit (11.2 Mt at 4.54 g/t Au), limited historical exploration by previous explorers creates a compelling opportunity for the discovery of Newfoundland’s next multi million-ounce gold system. Our flagship project, the Burin Gold Project, hosts several historical high-sulphidation gold showings over ~10 km of prospective geology, the most notable of which is the Hickey’s Pond showing.
For more information, visit www.bonavistaresources.com or contact:
David Clark, MSc., P.Geo, President
dclark@bonavistaresources.com