Brett Resources Inc

Published : October 16th, 2007

Adds Prospective Showings to Hammond Reef Property

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Gold | Iron | Johnson | Tin | Tungsten |
======================================================================
Re: News Release - Tuesday, October 16, 2007
Brett Adds Prospective Showings to Hammond Reef Property
======================================================================

Brett Resources Inc. (TSX Venture Exchange -- BBR) is pleased to
announce that it has executed a letter of intent to acquire a 100%
interest in the Sande and Stewart Property. The Property comprises 10
claims (160 ha), contiguous with the south central boundary of the
Hammond Reef claim block, and is to be incorporated into the
option/joint venture agreements with Kinross. The option terms include
payments totaling $210,000 over three years and the issuance of 130,000
shares over the same period to earn a 100% interest, with $30,000 and
30,000 shares to be issued upon regulatory approval. The vendors will
retain a 2% NSR royalty, half of which may be purchased by Brett for $1
million in total.

The property covers more than 10 gold showings, several of which have
been explored by trenching and channel sampling carried out by and for
the vendors. One showing was drill tested, with inconclusive results.
The first table below lists some results obtained from historic channel
and drill sampling. The sample intervals may not reflect true width
and the table comprises historical results which predate NI 43-101.
Therefore, these results can only be relied upon to the extent that
Brett's Qualified Person has verified gold values by re-sampling some,
but not all of the locations as shown in the second table below.



SHOWINGS
Name Width Au g/t

Creek Zone 6.9 m. 12.25
Breccia in drill hole #1 2.5 m. 16.20
V Trench 6.6 m. 4.11
Twin Pine 3.0 m. 4.36
3.0 m. 3.99
3.0 m. 2.11
3.5 m. 1.19
Ted Trench 1.2 m. 11.51
Joe Johnson 2.0 m. 3.46
2.2 m. 2.39
2.5 m. 1.63
Trap Bay #1 2.5 m. 1.41
Trap Bay #2 1.5 m. 0.98
1.0 m. 1.63
1.5 m. 0.60


Brett Showing Au g/t Description
Sample #
352408 Trap Bay 2 0.67 Verification of sample of TS-02-04
(1.89 g/t Au)
353209 Trench near 85.20 Sample of quartz vein from which high
visible gold gold value was reported
showing
352410 Twin Pine 13.05 Verification sample in area of 0.99 g/t
Au and 9.60 g/t Au
352411 Ted's Trench 20.06 Verification of sample S-44 (4.77 g/t Au)
352412 V Trench 10.75 Verification of samples S-40 & S-34
(8.73 and 9.85 g/t Au)
352413 Creek Zone 52.4 Verification of samples T-94-81
(5.70 g/t Au)

The style of the mineralization is very similar to that of the nearby
Hammond Reef A and 41 Zones, consisting of sericitized granitoids and
gneisses with pyrite, quartz veins and iron carbonate alteration.

Brett is earning a 60% interest in the adjacent Hammond Reef property
from Kinross Gold Corp. by spending US $5 million on exploration over
four years, and issuing one million shares to Kinross over the same
period (see News Release of March 1, 2006 for a more complete
description of the agreement).

The Hammond Reef deposit, which is open both laterally and to depth,
comprises two roughly tabular zones along a northeasterly strike length
of 2.5 kilometres, with a 700 metre gap between them. They are
approximately 1000 and 800 metres long respectively and are designated
the A and 41 Zones. Mineralization occurs as fracture controlled quartz
vein stockworks with minor fine pyrite in variably altered, foliated
Archaen granitoids and mafic dikes within and adjacent to the northeast
trending structure known as the Hammond Reef Schist Zone.

Sample preparation and analysis were conducted by ALS Chemex
Laboratories with sample preparation in Thunder Bay, Ont. and analyses
of pulps in North Vancouver, BC, ISO/IEC guideline 17025 accredited
facilities. Project Manager and Qualified Person responsible for the
verification sampling above is Denis Villeneuve, P.Geol., Project
Manager at Hammond Reef.

The Qualified Person responsible for this news release under the terms
of National Instrument 43-101 is Thomas Hasek, P.Eng.

About Brett Resources
Brett Resources Inc. is a Canadian minerals exploration company whose
primary mandate is the discovery, acquisition, and development of
precious metals systems, with particular expertise in Canada and Latin
America. Opportunities in the acquisition of tin and tungsten resources
in North America and gold in Ontario have provided diversification to
its asset portfolio.

ON BEHALF OF THE BOARD OF DIRECTORS OF
BRETT RESOURCES INC.
"Thomas Hasek"
Thomas Hasek, President & CEO

Cautionary Statements on Forward-Looking Information.
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from
the Company's expectations. Certain risk factors may also affect the
actual results achieved by the Company. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.

======================================================================
Copyright (c) 2007 BRETT RESOURCES INC. (BBR) All rights reserved.
For more information visit our website at
http://www.brettresources.com/ or send mailto:info@brettresources.com
Message sent on Tue Oct 16, 2007 at 1:52:44 PM Pacific Time
======================================================================
.
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Brett Resources Inc

CODE : BBR.V
CUSIP : 10737B
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Brett Res. is a exploration company based in Canada.

Brett Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 414.2 millions as of today (US$ 409.8 millions, € 321.4 millions).

Its stock quote reached its lowest recent point on December 30, 2005 at CA$ 0.11, and its highest recent level on August 13, 2010 at CA$ 4.89.

Brett Res. has 86 654 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Brett Resources Inc
3/30/2006Management Refocuses Brett
Annual reports of Brett Resources Inc
2008 Annual Report
2007 Annual Report
Financings of Brett Resources Inc
7/10/2009Completes $14,030,000 Bought Deal Financing
6/19/2009Increases Bought Deal Offering to $12.2 Million
6/17/2009Announces $10 Million "Bought Deal" Financing
6/30/2008Closes $3.0 Million Non-Brokered Private Placement
6/24/2008Closes $6.75 Million Brokered Private Placement
6/4/2008Increases Private Placement Financing to $9.75 million
1/14/2008 Announces Early Expiry of Warrants
Option Grants of Brett Resources Inc
3/21/2006announces stock options
Nominations of Brett Resources Inc
7/17/2009Appoints New Board Member and Grants Options
Project news of Brett Resources Inc
9/3/2009(Hammond Reef)Hammond Reef Project to Recover 93% of the Gold
7/23/2009(Hammond Reef)Hammond Reef Inferred Gold Resource Grows to 5.2 Million Oun...
6/8/2009(Hammond Reef)Awards Scoping Study Contract for Hammond Reef, Ontario
2/5/2009(Hammond Reef)Step-out Drilling Looks to Expand the 4.8 Million Ounce Gold...
6/2/2008(Hammond Reef)and Kinross Complete Hammond Reef Purchase Agreement
5/27/2008(Hammond Reef)Drilling Expands Mineralization along Strike
3/27/2008(Hammond Reef)Consolidates Ownership of Hammond Reef Project and Forms Str...
8/2/2007Intersects 244.5 metres of 1.04 g/t Gold at Hammond Reef
6/25/2006(Coal Creek)2006 Technical report
6/15/2006(Hammond Reef)2006 Technical report
6/12/2006commences drilling on Santa Clara project, El Salvador
3/2/2006(Sleitat)2006 Technical report
Corporate news of Brett Resources Inc
3/9/2010Signs Agreement In Principle For A Formal Impact And Benefit...
3/8/2010Drilling Continues to Confirm Continuity of Mineralization A...
9/8/2009Signs Memorandum of Understanding with the Fort Frances Chie...
8/21/2009Hires Investor Communications Consultant
6/3/2009Announces Incentive Stock Option Grant
1/20/2009Hires VP of Operations
12/4/2008Drilling Expands and Verifies Resource Model
11/4/2008Announces Incentive Stock Option Grant
8/30/2008Director Resigns to join Dundee Securities as Mining Analyst
7/14/2008Drills 123 metres of 1.40 g/t Au
6/4/2008Announces $9,000,000 Financing
5/16/2008Annual General and Special Meeting Results
1/2/2008 Makes Changes to its Board
11/26/2007 Enhances Management Team
10/16/2007 Adds Prospective Showings to Hammond Reef Property
10/11/2007Moves to Tier One
10/2/2007Intercepts 267 metres of 1.02 g/t Gold at Hammond Reef
2/26/2007Brett's 2007 Drilling at Hammond Reef Confirming Potential t...
3/24/2006(Hammond Reef)announces acquisition within Hammond Reef property
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (BBR.V)Other OTC (BBRRF)
4.78+1.27%4.59+0.00%
Last quotes and information before delisting
Prev close Open
4.72 4.74
Low High
4.73 4.89
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  4.78 -%
Volume 1 month var.
0 -%
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/12/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70+0.46%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.35+4.13%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.66-5.75%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+20.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.38-3.64%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.54+1.91%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.21-2.33%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.39+5.29%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 48.15-0.17%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :