1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Blue River Resources Ltd. ( Tsx.v: Bxr ) (otc: Brvrf) Updates Exploration Plan For C

Discussion in 'Canadian Stocks' started by mickymoose99, Dec 1, 2014.

  1. mickymoose99

    mickymoose99 Member

    Joined:
    Nov 24, 2009
    Messages:
    310
    Likes Received:
    0
    Occupation:
    Investor
    Location:
    Red Bank N.J
    BLUE RIVER RESOURCES LTD. ( TSX.V: BXR ) (OTC: BRVRF) UPDATES EXPLORATION PLAN FOR CASTLE PROJECT AND MAZAMA COPPER DEPOSIT Dec 01, 2014

    Vancouver, BC – November 29, 2014: Blue River Resources Ltd. ( TSX.V: BXR ) (OTC: BRVRF)("Blue River" or “the Company”) announces exploration results from a recent surface sampling program on the Castle Copper Project and an updated exploration plan for the 2015 field season for the Company's Mazama Copper Deposit.

    CASTLE COPPER PROJECT

    The Company recently conducted a surface sampling program on the Castle Copper Project, located near Princeton BC, and approximately 25 km north of the Copper Mountain Mine.

    Copper grades from 24 rock grab samples ranged from a high of 2.2% copper on surface and averaged 0.5% Cu. The sampled area is from a zone of highly fractured and sheared Nicola Group volcanic rocks.

    Future exploration plans on the Castle Project call for an IP survey to the north and west of previously drilled areas of the Castle Project with the emphasis on locating porphyry copper mineralization drill targets.

    MAZAMA COPPER DEPOSIT



    Permitting for the upcoming drill program on the Company’s 100% owned Mazama Copper Deposit is continuing, with field work by the US Forest Service having been completed. The Company estimates receiving the permit in the first quarter of 2015.

    The permit was delayed by the largest wildfire in Washington State’s history, in the eastern Methow Valley. The Mazama Copper Deposit is located in the western part of the Methow Valley, Okanogan County, WA, approximately 25 km south of the Canada/US border in North Central Washington, 143 km northeast of Seattle. Both the Castle Project and Mazama Copper Deposit are situated on the southern extension of the Quesnel Trough copper belt, one of the most prolific copper producing areas in North America.

    Quintana Minerals Corp., in 1975, calculated an historical resource* on the Mazama property of 149 million tons grading 0.36% copper and 0.01% molybdenum, or approximately 1 billion pounds of copper. Although historic adits that were explored for gold mineralization are located on the property, no gold assays were reported.

    The Company has completed geological mapping and sampling, a LIDAR survey, topographic mapping and located historic drill holes.

    Blue River will conduct a minimum 2,000 meters (6,000 feet) of diamond drilling, to confirm previously delineated areas of mineralization, as well as test new potential areas of mineralization developed from the 2014 exploration and staking program. The objective of the 2015 exploration program is to confirm and expand the historic copper mineralization located within the Mazama Copper Deposit. The Company has paid a 50% deposit for drilling and geological work for this exploration program.

    *A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Blue River is not treating the historical estimate as current mineral resources.

    The technical information contained in this news release was reviewed and approved by Paul D. Gray, P. Geo, a qualified person as defined under National Instrument 43-101.





    ON BEHALF OF THE BOARD

    BLUE RIVER RESOURCES LTD.
     
  2. mickymoose99

    mickymoose99 Member

    Joined:
    Nov 24, 2009
    Messages:
    310
    Likes Received:
    0
    Occupation:
    Investor
    Location:
    Red Bank N.J
    Blue River Resources Ltd. ( Tsx.v: Bxr ) (otc: Brvrf) Updates Exploration Plan F

    I have been watching BXR/BRVRF for several months and it looks like they are preparing for a big 2015! Recently getting listed in the US, as well as an encouraging surface sampling program on their Castle Copper Project in BC, Canada. With the long anticipated permitting also eminent on the Mazama Copper Deposit, things are looking good.
     
Loading...

Share This Page