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Brett Intersects 244.5 metres of 1.04 g/t Gold at Hammond Reef
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News Release 07- 08
Brett Resources Inc. (TSX Venture Exchange -- BBR) has received initial
results from the summer drilling campaign at its Hammond Reef Project,
22 kilometres northeast of Atikokan, Ontario, 170 kilometres west of
Thunder Bay.
The current drill program is focusing at expanding on the encouraging
earlier results encountered in the A Zone. At the southwestern margin
the mineralization appears to be expanding at depth, with multiple gold
zones which appear reasonably continuous along and between sections.
Drill hole BR-47 returned 1.04 g/t Au over an interval of 244.5 m which
includes some intervals below the 0.3 g/t lower cutoff. The aggregate
of this interval excluding the below cutoff sections returned 1.29 g/t
Au over 192 metres.
Hole From To Length Au Section
m. m. m. g/t
BR-42 30.0 57.0 27.0 0.69 1150E
81.0 94.5 13.5 2.28
144.0 184.5 40.5 1.51
BR-43 3.0 63.0 60.0 0.66 1250E
115.5 168.0 52.5 0.48
178.5 234.0 55.5 1.24
includes 207.0 223.5 16.5 3.22
BR-46 30.0 91.5 61.5 0.71 1200E
102.0 115.5 13.5 0.88
150.0 169.5 19.5 0.67
178.5 204.0 25.5 0.65
214.5 223.5 9.0 0.91
BR-47 46.5 291.0 244.5 1.04 1150E
includes 46.5 82.5 36.0 1.47
includes 111.0 159.0 48.0 1.81
includes 169.5 253.5 84.0 0.94
includes 273.0 291.0 18.0 1.35
BR-48 117.0 135.0 18.0 0.95 1200E
166.5 249.0 82.5 0.88
259.5 270.0 10.5 1.17
BR-49 24.0 36.0 12.0 0.97 1150E
46.5 52.2 6.0 1.28
79.5 90.0 10.5 0.73
BR-50 36.0 43.5 7.5 1.38 1550E
88.5 97.5 9.0 1.01
BR-52 106.5 148.5 42.0 0.94 1550E
178.5 210.0 31.5 0.70
220.5 232.5 12.0 1.13
Based on the cross sectional interpretation drill hole BR-47
mineralization appears to reflect approximate true thickness for the
mineralized interval.
Sixty five diamond drill holes for a total of 16,362 metres have been
completed to date since the start of drilling in October last year,
with 15 holes now awaiting assay results.
Brett is earning a 60% interest in the 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.
The Company utilizes industry best practices in quality control and
quality assurance with insertions of standards, blanks, and duplicates,
in addition to the quality assurance and quality control practiced by
the assay laboratory. Sample preparation and analysis are conducted by
Accurassay Laboratories of Thunder Bay, Ont., an ISO/IEC guideline
17025 accredited facility. Project Manager responsible for the conduct
of work and data acquisition at Hammond Reef is Denis Villeneuve,
P.Geol.
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.
View News Release in PDF Format:
Associated File:
http://www.brettresources.com/i/pdf/2007-08-02_NR.pdf
48 KB in size, approx. 10 seconds to download at 56.6Kbps
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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
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