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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Brett Resources | TSXV:BBR | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
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Brett Resources Inc. (TSX VENTURE:BBR) is pleased to provide an update on assay
results from continued drilling of the Hammond Reef Project, northwestern
Ontario. Results received are from the A-Zone, Mitta Lake, and also from first
pass drilling of the RAB and Sande and Stewart exploration areas (To view maps,
please click on the following link: http://snipurl.com/vp5qn).
A-Zone infill drilling continues to return excellent lengths and grades,
including BR-204 which intersected 231.0 metres of 1.11 g/t Au, BR-206 which
returned 178.5 metres of 1.25 g/t Au and BR-208 which cored 195.0 metres of 1.09
g/t Au.
Drill results from holes on Mitta Lake include BR-192 which returned a
significantly better than expected intersection of 87.0 metres of 0.85 g/t Au,
just below a shallow portion of the northeast end of the Lake. Owing to the lack
of previous drilling, the existing resource model did not report any significant
resource in this area.
Assay results for the first several holes drilled at the RAB exploration target
have been received, including hole BR-203 with 12.1 metres of 1.00 g/t Au,
starting at surface. Other significant intersections include BR-225 which
intersected 46.5 metres of 0.66 g/t Au and hole BR-210 that cored 66.0 metres of
0.45 g/t Au. Assays for other RAB holes are pending and the results of these
holes will be evaluated for planning the next phase of drilling in the RAB area.
Assay results from the first two of four planned phase 1 exploration holes at
Sande and Stewart returned encouraging results. Hole BR-234 intersected 34.5
metres of 0.45 g/t Au. Assays data for the bottom of this hole are still
pending.
Patrick Soares, President and CEO comments, "I am pleased that our exploration
team continues to deliver excellent results from the development drilling and
that significant mineralization has been intersected in the first few holes
completed in the RAB and Sande Stewart areas."
Of particular interest in A-Zone drilling is hole BR-214, a step out hole,
drilled down dip to the southeast, further down dip than any previous hole in
that area. This hole cored rock with apparent weak alteration, however it
returned five gold-bearing intervals above a 0.30 g/t Au cut-off. Intervals
range from 10.5 to 46.5 metres in drill length, with grades that will be
incorporated into the next resource estimate. Two of the better gold zones in
this hole are 24.0 metres of 0.76 g/t Au and 46.5 meters of 0.39 g/t Au. The
mineralization encountered in this hole, with its subtle alteration, indicates
further potential down dip in the A Zone, and additionally suggests new
exploration potential in the more subtlety altered rocks at Hammond Reef.
Mitta Lake drilling ended prematurely due to an exceptionally early spring
breakup. However, most of the critical holes on Mitta Lake were drilled before
the ice was too thin to support further drilling. The holes not completed on the
ice will be drilled from shore this summer, or if warranted, they could be
drilled from a barge. The geological interpretation of these results is
on-going.
Table 1. details the more significant A-Zone intersections, Table 2. lists Mitta
Lake holes, Table 3. details the better RAB zone holes and Table 4. lists the
Sande Stewart drill hole assays received to date.
Table 1. Significant intersections from A-Zone
(http://www.brettresources.com/i/maps/2010-04-22_DHC_MZ.jpg):
Hole ID From To Interval (m) Au (g/t)
--------------------------------------------------
BR-204 60.5 291.5 231.0 1.11
incl 222.5 239.0 16.5 1.93
incl 257.0 290.0 33.0 2.11
BR-206 65.0 243.5 178.5 1.25
incl 74.0 89.0 15.0 2.18
incl 108.5 120.5 12.0 1.83
incl 152.0 171.5 19.5 3.62
BR-208 98.0 293.0 195.0 1.09
incl 233.0 246.5 13.5 3.24
incl 258.5 269.0 10.5 2.31
BR-209 45.5 86.0 40.5 0.45
BR-209 150.5 245.0 94.5 1.00
incl 168.5 179.0 10.5 2.48
BR-211 96.5 119.0 22.5 0.53
128.0 141.5 13.5 0.77
156.5 332.0 175.5 1.00
incl 183.5 194.0 10.5 2.07
incl 281.0 289.5 8.5 3.73
BR-213 30.5 47.0 16.5 0.72
59.0 83.0 24.0 0.49
114.5 128.0 13.5 1.69
141.5 215.0 73.5 0.67
BR-214 78.5 89.0 10.5 1.85
101.0 125.0 24.0 0.76
185.0 231.5 46.5 0.39
242.0 263.0 21.0 0.41
294.5 309.5 15.0 0.42
Table 2. Significant assays from Mitta Lake drilling
(http://www.brettresources.com/i/maps/2010-04-22_DHC_MZ.jpg):
Hole ID From To Interval (m) Au (g/t)
--------------------------------------------------
BR-184 72.5 186.5 114.0 0.46
incl 126.5 134.0 7.5 2.06
248.0 324.5 76.5 0.65
incl 308.0 318.5 10.5 1.61
BR-185 26.0 72.5 46.5 0.42
BR-186 99.5 185.0 85.5 0.61
incl 123.5 137.0 13.5 1.46
197.0 330.5 133.5 0.80
incl 242.0 267.5 25.5 1.82
BR-187 21.5 96.5 75.0 0.35
198.5 245.0 46.5 0.54
BR-188 171.5 300.5 129.0 0.63
incl 249.5 269.0 19.5 2.12
BR-189 32.0 44.0 12.0 0.74
56.0 84.5 28.5 1.10
incl 75.5 83.0 7.5 3.08
BR-190 117.5 182.0 64.5 1.30
incl 167.0 179.0 12.0 3.46
192.5 254.0 61.5 0.52
BR-191 48.5 116.0 67.5 0.63
incl 68.0 78.5 10.5 1.50
131.0 146.0 15.0 1.25
179.0 216.5 37.5 0.87
incl 201.5 212.0 10.5 1.56
BR-192 21.5 50.0 28.6 0.62
BR-192 80.0 167.0 87.0 0.85
incl 116.0 135.5 19.5 2.33
BR-193 104.0 260.0 156.0 0.42
BR-194 56.0 197.0 141.0 0.46
BR-195 38.0 83.0 45.0 0.51
134.0 146.0 12.0 0.46
BR-197 74.0 102.5 28.5 0.83
131.0 198.5 67.5 0.52
BR-198 18.0 66.5 48.5 0.36
111.5 114.5 3.0 0.43
BR-199 33.5 74.0 40.5 0.47
96.5 116.0 19.5 1.41
incl 96.5 102.5 6.0 3.10
128.0 156.5 28.5 0.49
204.5 225.5 21.0 0.63
243.5 257.0 13.5 0.88
BR-200 69.5 114.5 45.0 0.34
132.5 183.5 51.0 0.49
291.5 344.0 52.5 0.62
BR-201 28.6 50.0 21.4 0.51
72.5 117.5 45.0 0.98
incl 99.5 110.0 10.5 2.77
131.0 143.0 12.0 0.37
182.0 193.2 11.2 0.45
BR-202 47.0 117.5 70.5 0.50
Table 3. Significant assays from RAB area drilling
(http://www.brettresources.com/i/maps/2010-04-22_DHC_RAB.jpg):
Hole ID From To Interval (m) Au (g/t)
--------------------------------------------------
BR-181 no significant intervals
BR-196 83.0 119.0 36.0 0.34
incl 87.5 98.0 10.5 0.51
BR-203 3.4 15.5 12.1 1.00
30.5 35.0 4.5 0.39
171.5 176.0 4.5 0.41
BR-205 no significant intervals
BR-210 42.5 108.5 66.0 0.45
BR-212 8.0 14.0 6.0 0.19
51.5 63.5 12.0 0.11
159.5 165.5 6.0 0.16
176.0 197.0 21.0 0.15
BR-215 116.0 120.5 4.5 1.55
185.0 191.0 6.0 0.67
348.5 357.5 9.0 0.55
BR-217 5.00 30.50 25.50 0.43
45.50 80.00 34.50 0.18
204.50 215.00 10.50 0.29
BR-221 2.12 27.50 25.38 0.14
27.50 38.00 10.50 0.50
44.00 65.00 21.00 0.15
195.50 198.50 3.00 0.55
BR-222 no significant intervals
BR-224 86.00 110.00 24.00 0.15
119.00 128.00 9.00 0.33
197.00 206.00 9.00 0.36
237.50 245.00 7.50 0.20
252.50 287.00 34.50 0.19
incl 276.50 287.00 10.50 0.38
86.00 110.00 24.00 0.15
119.00 128.00 9.00 0.33
BR-225 42.50 89.00 46.50 0.66
incl 59.00 66.50 7.50 1.45
105.50 113.00 7.50 0.85
Table 4. Significant assays from Sande Stewart area drilling:
Hole ID From To Interval (m) Au (g/t)
--------------------------------------------------
BR-229 56.00 63.50 7.50 0.33
BR-234 66.50 101.00 34.50 0.44
Assays from 128.0 to 278m for BR-234 are pending
Brett is currently planning the 2010 surface exploration program, and it is
expected that this program will start by mid May. Significant efforts will be
put towards condemnation work, as well as exploration across the Marmion
reservoir to the southwest along strike with the A-Zone, as well as east of
Snail Bay. Follow up exploration work is also planned to further test
significant mineralization along the Main Trend corridor defining the A- to 41
Zones.
Quality Assurance and Quality Control
The Company utilizes standard industry practices in quality control and quality
assurance with insertion of blind 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 ALS Chemex Laboratories with
sample preparation in Thunder Bay, ON, and analyses of pulps in North Vancouver,
BC, ISO/IEC guideline 17025 accredited facilities. The geologist and Qualified
Person under the terms of National Instrument 43-101 responsible for the
verification of work and data acquisition at Hammond Reef is John Zbeetnoff, P.
Geo.
Assay results used in this news release have some minor out of range control
samples, as such, these control samples as well as some of their related core
samples are currently undergoing analytical rerun analyses for gold at the
analytical lab. The assay results for these reruns are expected with in four to
six weeks. It is not expected that there will be any noticeable impact on the
final length weighted grade calculations. All significant grade changes will be
reported in future new releases, minor changes will be posted on the website.
The Qualified Person responsible for this news release under the terms of
National Instrument 43-101 is Patrick Soares, P.Geo.
About Brett Resources Inc.
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. Since 2006
Brett's primary focus has been the 100 percent owned Hammond Reef Gold Deposit
in Ontario where an inferred resource of 6.70 million ounces of gold, 259.4
million tonnes at a grade of 0.8 grams per tonne utilizing a 0.3 gram per tonne
gold cut-off has been outlined.
Patrick Soares, President & CEO
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