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Bitterroot Resources Ltd

Publié le 23 octobre 2013

Drilling Update

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Mots clés associés :   Copper | Nickel | Palladium |

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

PRODUCTEUR
CODE : BTT.V
ISIN : CA0919011084
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Bitterroot est une société d’exploration minière d'argent et d'or basée au Canada.

Son principal projet en production est MINERAL CREEK (DEBBIE) au Canada et ses principaux projets en exploration sont UPPER PENINSULA MICHIGAN (URANIUM), UPPER PENINSULA MICHIGAN (NICKEL-COPPER), BIG SOUTHEASTER, SPN, GK et NORTH BRENDA au Canada.

Bitterroot est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 587 600 CA$ (427 594 US$, 401 682 €).

La valeur de son action a atteint son plus haut niveau récent le 05 avril 2007 à 9,90 CA$, et son plus bas niveau récent le 19 avril 2024 à 0,02 CA$.

Bitterroot possède 29 380 000 actions en circulation.

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Financements de Bitterroot Resources Ltd
28/02/2014C$250,000 Unit Financing
14/08/2013Financing Closed
07/08/2013Financing Update
10/06/2013C$1,530,000 Unit Financing
02/05/2012Closes Sale Of Mineral Creek Claims And Financing
30/06/2011Closes C$209,000 financing
14/06/2011C$200,000 Financing
26/11/2008C$420,000 Flow-Through Financing
10/03/2006Retains toll cross securities as agent for a private placeme...
Projets de Bitterroot Resources Ltd
14/01/2014Michigan Exploration Update
23/10/2013Drilling Update
30/09/2013Drilling Program Starts
30/04/2013Gravity and Electromagnetic Surveys Yield High-Priority Ni-C...
12/02/2013Michigan Geophysical Surveys Defining Drill Targets
10/09/2012Aeromagnetic Surveys Completed at Windy Gold Project, Nunavu...
05/09/2012New Ni/Cu/PGM Targets Identified In Michigan
13/05/2011(Gk)Drills GK Gold Property
17/12/2009(North Brenda)Discovers High-Grade Gold Mineralization at North Brenda, B...
07/02/2008(Mineral Creek (debbie))Underground Sampling Returns Bonanza Grades up to 52.4 oz G...
03/08/2007(Mineral Creek (debbie))Mineral Creek Bulk Sample Permit Received
09/06/2006(Upper Peninsula Michigan (nickel-copper))land holdings increased at Mineral Creek, BC
Communiqués de Presse de Bitterroot Resources Ltd
20/03/2014Drilling Paused
07/03/2014C$260,000 Unit Financing Closed, Drilling Starts
19/04/2013Glenn Scott, PG, Joins Bitterroot Resources' Technical Advis...
25/03/2013Dr. Anthony Naldrett Joins Bitterroot Resources' Technical A...
06/02/2013Adopts Shareholder Rights Plan
30/06/20092nd Quarter Financial Statements and Management Discussion ...
02/07/2008Fwd: Bitterroot Resources Adds to Coal Lands
01/03/2008CONSOLIDATED FINANCIAL STATEMENTS
10/04/2007Uranium Mineralization Intersected in Michigan Drilling
05/04/2006(Upper Peninsula Michigan (nickel-copper))Options North Brenda molybdenum/copper/gold property
04/04/2006(Upper Peninsula Michigan (nickel-copper))Completes Can$2,735,750 financing
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