Keywords : Copper | Market | Nickel |

Re: News - Monday, January 13, 2014
Title: Michigan Exploration Update

Bitterroot Resources Ltd. (TSX-V: BTT) has completed a detailed gravity survey on its Target H and has completed land acquisition on its Target F. Both are nickel-copper-PGM targets located on the Company's 100%-owned mineral rights in the Upper Peninsula of Michigan.

Target H

Bitterroot's geophysical contractor, Quadra Surveys has completed an 800-station gravity survey on Target H. The survey covers 1.5 square miles of Bitterroot's mineral rights which are adjacent to drill holes completed by Rio Tinto in 2012 on its leased mineral rights (see attached map). The gravity survey covers approximately 40 line-kilometres, with survey lines spaced 100 metres apart and survey stations spaced at 25 and 50 metre intervals on 80% of the survey area and 100 metre intervals for the remainder. From the results received to date, a 900 metre-long residual Bouguer gravity response has been derived which is anomalous to ~1.0 milligal. This response is adjacent to a strong southwest-dipping Pulse EM conductor and an aeromagnetic high. The residual gravity response suggests excess mass exists down dip on the southwest-dipping Pulse EM conductor. Target H is prospective for mafic intrusion-hosted Ni-Cu-PGM mineralization which may occur near its basal contact, or within associated magma conduits or feeder zones. The geological setting of Target H is similar to that of Lundin Mining's Eagle mine, which hosts JORC-compliant proven + probable ore reserves of 5.3 million tonnes grading 3.1% Ni and 2.5% Cu (source: www.lundinmining.com). Bitterroot has received all required permits and management expects to drill-test Target H within the next 60 days.

Target F

In late December, the Company completed the acquisition of 160 acres of privately-owned mineral rights adjacent to its wholly-owned and leased mineral rights. Target F hosts a 1.5 milligal residual Bouguer gravity high and coincident aeromagnetic low, which is interpreted to represent a pipe-like mafic intrusion. A Pulse EM survey has defined a weak conductive zone on the north side of the gravity/magnetic feature. Target F is also prospective for conduit-hosted Ni-Cu-PGM mineralization similar to the Eagle mine and management also plans to drill-test Target F within the next 60 days.

Mr. Jules Lajoie, Ph.D, P.Eng 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.

FORWARD LOOKING STATEMENTS: This document contains statements about expected or anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the company's ability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

To view the release in PDF format:

Associated File: http://www.bitterrootresources.com/i/pdf/2014-01-13_NR.pdf: 426 KB in size, approx. 1 minute, 20 seconds to download at 56.6Kbps

Bitterroot Resources Ltd

	PRODUCER
	CODE : BTT.V
	ISIN : CA0919011084

Follow and Invest

Add Alert	Add to Watchlists	Add to Portfolio	Add Note

Profile Market
Indicators VALUE :
Projects & res.Press
releases Annual
report RISK :
Asset profile Contact Cpy

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$ 429 124, € 402 519).

Its stock quote reached its highest recent level on April 05, 2007 at CA$ 9.90, and its lowest recent point on April 22, 2024 at CA$ 0.02.

Bitterroot has 29 380 000 shares outstanding.

Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
On Google Earth, click on the button, to show property information, and access to project page or company page.