Bitterroot Resources Ltd

Published : October 23rd, 2013

Drilling Update

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Keywords :   Copper | Diamond | Nickel | Palladium | Platinum |

Re:        News - Wednesday, October 23, 2013
Title:     Drilling Update

Bitterroot Resources Ltd. has completed five Diamond drill holes totaling 1,115 metres on two conduit-hosted magmatic nickel/copper/platinum/palladium (Ni-Cu-PGM) targets. This drilling is part of a planned 2,500-metre drilling program to test for Eagle or Tamarack-type targets on the Company's 100 percent-owned mineral rights in the Upper Peninsula of Michigan.

Target "N" was tested with 583 metres of drilling in three holes. Two conductive zones are caused by graphitic sulphide-rich sediments in contact with unmineralized mafic intrusions. These occur within a prospective 100 square kilometre area with mafic intrusions, metasedimentary host rocks and underlying basement in a setting similar to that of Lundin Mining Corporation's Eagle Mine.

On the Norwich Layered Intrusion, drilling of 532 metres in two holes at the west end of the intrusion intersected mafic intrusive rocks and underlying volcanic rocks within a gravity high which had been interpreted as a potential feeder zone to the intrusion. Subsequent geochemical analyses and down-hole electromagnetic geophysical surveys did not suggest the presence of a significant sulphide body within 100 metres of the drill holes. The cause of the gravity anomaly has not been definitively determined. Geophysical inversions are planned, utilizing the data gathered from drill core to determine if targets exist elsewhere in the 3 kilometre-long intrusion.

Bitterroot's management plans to drill-test two other high-priority Ni-Cu-PGM targets in Michigan prior to year-end. Land acquisition activities are continuing within this emerging Ni-Cu-PGM district.

Bitterroot Resources Ltd., through its Michigan subsidiary Trans Superior Resources, Inc., owns 100 percent interests in approximately 360 square miles of mineral rights in the Upper Peninsula of Michigan.

Mr. Andy Bite, P.Geo is the Qualified Person responsible for the content of this news release

ON BEHALF OF THE BOARD OF DIRECTORS

Michael S. Carr
Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Copyright � 2013 BITTERROOT RESOURCES LTD. (BTT) All rights reserved. For more information visit our website at http://www.bitterrootresources.com/ or send email to infoman@bitterrootresources.com ..

Bitterroot Resources Ltd

PRODUCER
CODE : BTT.V
ISIN : CA0919011084
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Bitterroot is a silver and gold exploration company based in Canada.

Its main asset in production is MINERAL CREEK (DEBBIE) in Canada and its main exploration properties are UPPER PENINSULA MICHIGAN (URANIUM), UPPER PENINSULA MICHIGAN (NICKEL-COPPER), BIG SOUTHEASTER, SPN, GK and NORTH BRENDA in Canada.

Bitterroot is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 587 600 as of today (US$ 469 817, € 440 782).

Its stock quote reached its highest recent level on April 05, 2007 at CA$ 9.90, and its lowest recent point on April 18, 2024 at CA$ 0.02.

Bitterroot has 29 380 000 shares outstanding.

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Financings of Bitterroot Resources Ltd
2/28/2014C$250,000 Unit Financing
8/14/2013Financing Closed
8/7/2013Financing Update
6/10/2013C$1,530,000 Unit Financing
5/2/2012Closes Sale Of Mineral Creek Claims And Financing
6/30/2011Closes C$209,000 financing
6/14/2011C$200,000 Financing
11/26/2008C$420,000 Flow-Through Financing
3/10/2006Retains toll cross securities as agent for a private placeme...
Project news of Bitterroot Resources Ltd
1/14/2014Michigan Exploration Update
10/23/2013Drilling Update
9/30/2013Drilling Program Starts
4/30/2013Gravity and Electromagnetic Surveys Yield High-Priority Ni-C...
2/12/2013Michigan Geophysical Surveys Defining Drill Targets
9/10/2012Aeromagnetic Surveys Completed at Windy Gold Project, Nunavu...
9/5/2012New Ni/Cu/PGM Targets Identified In Michigan
5/13/2011(Gk)Drills GK Gold Property
12/17/2009(North Brenda)Discovers High-Grade Gold Mineralization at North Brenda, B...
2/7/2008(Mineral Creek (debbie))Underground Sampling Returns Bonanza Grades up to 52.4 oz G...
8/3/2007(Mineral Creek (debbie))Mineral Creek Bulk Sample Permit Received
6/9/2006(Upper Peninsula Michigan (nickel-copper))land holdings increased at Mineral Creek, BC
Corporate news of Bitterroot Resources Ltd
3/20/2014Drilling Paused
3/7/2014C$260,000 Unit Financing Closed, Drilling Starts
4/19/2013Glenn Scott, PG, Joins Bitterroot Resources' Technical Advis...
3/25/2013Dr. Anthony Naldrett Joins Bitterroot Resources' Technical A...
2/6/2013Adopts Shareholder Rights Plan
6/30/20092nd Quarter Financial Statements and Management Discussion ...
7/2/2008Fwd: Bitterroot Resources Adds to Coal Lands
3/1/2008CONSOLIDATED FINANCIAL STATEMENTS
4/10/2007Uranium Mineralization Intersected in Michigan Drilling
4/5/2006(Upper Peninsula Michigan (nickel-copper))Options North Brenda molybdenum/copper/gold property
4/4/2006(Upper Peninsula Michigan (nickel-copper))Completes Can$2,735,750 financing
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