WEST VANCOUVER, BC / ACCESSWIRE / March 9, 2022 / Bitterroot Resources Ltd. (TSXV:BTT) is providing an update on its magmatic nickel/copper drilling program on the LM Property in the Upper Peninsula of Michigan.
The LM Property is being explored for conduit-hosted nickel-copper-platinum-palladium mineralization similar to Lundin Mining Corporation's Eagle and Eagle East orebodies, which are located 25 kilometres to the east. Disseminated, semi-massive and massive sulphide Ni-Cu-PGM mineralization has been intersected in nine (9) of 25 holes completed to date on the LM Property.
Since drilling resumed at LM in mid-January 2022, Bitterroot Resources Ltd. (51%) and joint venture partner Below Exploration, Inc. (49%) have completed 1,160 metres of drilling in four (4) vertical core holes. The mineralized intervals are described in the table below. The first three holes (LM 22-22, 23 and 24) intersected 3.10, 2.04 and 5.38 metres respectively, of disseminated or blebby nickel-copper sulphide mineralization along the basal contact of the LM intrusion. Assays are expected in roughly eight (8) weeks.
Recently completed vertical hole LM 22-25 stepped out approximately 50 metres east of hole 22. This hole has generated two significant pieces of information;
- A 5.1-metre core interval starting at 161.03 metres down-hole contains mineralized clasts of peridotite, 6-20 cm across, with disseminated and blebby nickel-copper sulphides. These mineralized clasts are suspended in a matrix of unmineralized olivine gabbronorite. They are interpreted as having been transported to their current position by a younger pulse of olivine gabbronorite magma, which eroded the clasts from an undiscovered mineralized body located deeper in the conduit.
- LM 22-25 exited the intrusion in weakly mineralized breccia with partially resorbed siltstone clasts, at 323.09 metres down-hole. This point is 62 metres deeper than the basal contact in adjacent holes, suggesting that the base of the intrusion plunges at least -50 degrees in this area. The down-plunge extent of the conduit will be targeted in future holes.
After drill hole LM 22-26 is completed, drilling will be paused for spring break-up and is expected to resume in early May. Additional information on the LM Property is available at www.bitterrootresources.com.
LM Project - Summary of Sulfide-Mineralized Intervals | |||||||
Hole # | From (m) | To (m) | Interval (m) | Nickel (%) | Copper (%) | Au + PGM (g/tonne) | Type |
LM 20-01 | 253.80 | 259.10 | 5.30 | 0.58 | 0.62 | 0.33 | disseminated |
LM 21-07 | 270.07 | 273.00 | 2.93 | 0.78 | 0.83 | 0.25 | disseminated |
and | 273.00 | 273.75 | 0.75 | 5.16 | 1.18 | 0.82 | semi-massive |
LM 21-10 | 260.50 | 262.75 | 2.25 | 0.78 | 0.80 | 0.40 | disseminated |
and | 262.75 | 262.94 | 0.19 | 2.74 | 0.43 | 0.37 | semi-massive |
LM 21-13 | 247.68 | 250.36 | 2.68 | 0.33 | 0.38 | 0.10 | disseminated |
and | 250.36 | 250.75 | 0.39 | 1.81 | 0.51 | 0.52 | semi-massive |
LM 21-14 | 235.79 | 236.06 | 0.27 | 1.96 | 0.01 | 0.01 | semi-massive |
and | 236.06 | 236.86 | 0.80 | 4.81 | 0.78 | 0.25 | massive |
LM 22-22 | 256.27 | 259.37 | 3.10 | P | P | P | disseminated |
LM 22-23 | 258.32 | 260.36 | 2.04 | P | P | P | disseminated |
LM 22-24 | 240.40 | 245.78 | 5.38 | P | P | P | disseminated |
LM 22-25 | 161.03 | 166.15 | 5.12 | P | P | P | Disseminated and blebby, in clasts |
and | 166.15 | 215.00 | 48.85 | P | P | P | trace to disseminated |
and | 317.90 | 323.09 | 5.19 | P | P | P | sparse blebs |
P = assays pending
Mr. Glenn W. Scott, CPG, is the Qualified Person responsible for the technical content of this disclosure. Mr. Nickolas Dudek, P.Geo, of C.J. Greig & Associates Ltd. is the Qualified Person responsible for the 3-dimensional modelling of the drill hole data.
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:Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. 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 events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws. For such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
CONTACT:
Suite 206-B, 1571 Bellevue Avenue,
West Vancouver, BC, V7V 1A6
Tel 604 922 1351
www.bitterrootresources.com
SOURCE: Bitterroot Resources Ltd.
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