Keywords : Copper | Market | Nickel |

News - Wednesday, September 05, 2012
New Ni/Cu/PGM Targets Identified In Michigan

Following recent drilling and land acquisition activities by Rio Tinto on parcels adjoining Bitterroot Resources Ltd's (BTT; TSX-V) mineral rights in Michigan, a Bitterroot-commissioned aeromagnetic survey has been completed. Analysis of data from the aeromagnetic survey has identified a number of new targets located on Bitterroot's 100%-owned mineral rights. Several of Rio Tinto's drill collars are located within 180 metres of Bitterroot's mineral rights, testing the area shown as "Target 2" on the attached map.

The new targets have potential to host conduit dyke systems which are favourable for the accumulation of high-value Ni/Cu/PGM-bearing sulphides similar to Rio Tinto's high-grade Eagle deposit (3.2 million tonnes @ 3.89% Ni and 3.04% Cu). The Eagle deposit is located in a similar geological setting, approximately 75 km northeast of the area covered by Bitterroot's aeromagnetic survey. The Eagle mine is under construction and is expected to be in full production in 2014.

The attached map shows magnetic signatures and land ownership on four of Bitterroot's Ni/Cu/PGM targets, which are similar to the magnetic signature of the Eagle deposit. Other targets manifest themselves as more tabular features which may represent the remnant keels of larger intrusive bodies.

Bitterroot controls a growing portfolio of nickel/copper/PGM exploration targets within its 360 square miles of wholly-owned mineral rights in the Upper Peninsula of Michigan.

Management is currently assessing various financing and industry-related options for the exploration of these targets.

Mr. Charles Greig P.Geo is the Qualified Person responsible for the technical 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.

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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