Blue River Resources Ltd. Intersects 42 Meters of 0.16% Cu, 90 Meters of 0.09% Cu and 201 Meters of 0.04% Cu at Castle Copper...
12 Gennaio 2012 - 11:00AM
Marketwired Canada
Blue River Resources Ltd. ("Blue River" or the "Company") (TSX VENTURE:BXR) is
pleased to announce the receipt of mineral assays from its Castle Copper
Project, located 12 kilometres north of Princeton BC and 25 km north of the
36,000 tonne per day Copper Mountain Mine.
The Company's initial diamond drill program at the Castle Project intersected
copper mineralization in 8 holes of the 10 holes recovered. The 2011 Castle
Project drill program totalled 3720 feet over 12 holes. The Castle Project
covers approximately 20,000 acres.
Diamond drill hole BXR-11-4, intersected 43 metres grading 0.16% copper from 19
meters to 60 meters. Hole BXR-11-7 intersected 90 meters grading 0.09% copper
from 29 meters to 119 meters and hole BXR-11-9 intersected 201 meters grading
0.04% from 30 meters to 228 meters. The present cut-off grade at the nearby
Copper Mountain Mine is 0.1% copper.
The Castle Property is mainly underlain by basaltic and andesitic flows of the
Upper Triassic Nicola Group. The Nicola volcanic rocks strike in a northwest
direction and are in contact with a Middle Jurrasic-age grandiorite Osprey Lake
Batholith on the property. Outcrop on the property is restricted to high ridges
exposed to the north of Christian Creek.
Assay results from this drill program are as follows:
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TD FROM TO INT. COPPER
HOLE # (M) (M) (M) (M) % OTHER
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BXR-11-1A 26 3.2 24.08 20.88 0.05% Bad ground. Hole abandoned at
26 m.
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BXR-11-1B No Core Recovery
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BXR-11-1C 80 1.0 73.15 72.15 0.05% -Including 31 m of 0.14% Cu and
10 g/t Ag
Incl 31.5 0.14% -Broken ground/fault zone. Hole
abandoned at 80 m
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BXR-11-1 290 No Significant Values
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BXR-11-2 Bad ground/ fault zone. Hole abandoned at 61 m.
No Significant Values
----------------------------------------------------------------------------
BXR-11-3 66 2.5 21.35 18.85 0.14% Fault zone encountered at 66 m.
and hole stopped
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BXR-11-4 180 19.0 60.3 41.3 0.16% Including 30.3m of 0.18% Cu and
Incl 30 60.3 30.3 0.18% 1.64 g/t Ag from 30 m to 60.3 m
----------------------------------------------------------------------------
BXR-11-5 No Significant Values
Broken rock/fault zone and hole abandoned at 21m.
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BXR-11-6 48 15.7 42.67 26.97 0.08% Broken Faulted ground. Hole
6 21.7 27.7 0.14% caved and stopped at 48 m.
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BXR-11-7 130 29.7 118.87 89.17 0.09% Drill rod stuck at 130m meters
Incl 29.7 80.7 51.0 0.12% and hole stopped.
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BXR-11-8 100 46.30 85.3 39.05 0.07% No recovery from 15.8 m. to
44.8.
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BXR-11-9 250 30.5 228.6 201.5 0.04%
Incl 89.0 105.5 316.5 0.12%
----------------------------------------------------------------------------
President Griffin Jones states: "We are very encouraged that the initial diamond
drill program on the Castle Copper Project resulted in copper mineralization in
8 of 10 holes that were recovered. BXR Hole 11-9 is also exciting due to its 600
foot intersection and the consistency of the porphyry-style mineralization. This
gives us an excellent starting point for further exploration and drilling in
2012."
The company employs a quality assurance/quality control program that employs
introduction of certified analytical standards and blanks as well as secure
sample chain of custody of samples from drill to laboratory. Technical
information contained in this news release was reviewed by Glen MacDonald, P.
Geo, a qualified person as defined under National Instrument 43-101.
For further information please visit our website at www.blueriv.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Griffin Jones, President
This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Investors are cautioned that these forward looking statements
are neither promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and, except as
required under applicable securities legislation, the Company does not assume
any obligation to update or revise them to reflect new events or circumstances.
All of the forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings with SEDAR in
Canada (available at www.sedar.com) and in other reports on our website at
www.blueriv.com.
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