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BXR Blue River Resources Ltd

0.005
0.00 (0.00%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Blue River Resources Ltd TSXV:BXR 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% 0.005 0.005 0.01 0 01:00:00

Blue River Resources Ltd. Acquires Second Highland Valley BC Area Property

17/04/2012 12:16am

Marketwired Canada


Blue River Resources Ltd. (TSX VENTURE:BXR) ("Blue River" or "the Company")
announces that it has acquired an option to earn a 100% interest in the Highland
South property in the Highland Valley, BC, area. The property is located
directly adjacent to Teck Resources Ltd.'s property, and totals 2,300 hectares. 


Highland Valley Copper is Canada's largest base metal mine, producing 335,000
tons of copper concentrate and 3,500 tons of molybdenum concentrate per year. 


Griffin Jones, president of Blue River Resources, states, "This acquisition
significantly expands Blue River's property holdings in the Highland Valley
area. Two companies holding adjacent claims to the Highland South property have
encountered significant copper mineralization. We are currently formulating
exploration plans for both the Highland North and Highland South property in
2012, in addition to drilling the Castle Copper Project this year."   


Under the terms of the agreement, Blue River has agreed to issue 200,000 shares
to the vendor upon approval by the TSX Venture Exchange and 100,000 shares every
six months for a total of 500,000 shares, in addition to $25,000 on closing and
every six months, for a total of $100,000. Blue River has also agreed to grant
the vendor a 3% net smelter royalty, of which 2% can be purchased by Blue River
for $2.0 million. The closing of the acquisition is subject to certain
conditions, including approval from the TSX Venture Exchange. 


Blue River Resources Ltd. also holds a 100% interest in the 20,000 acre Castle
Copper Project, located 20 km north of Copper Mountain Mining and directly north
of Sego Resources' Miner Mountain property.  


ON BEHALF OF THE BOARD 

BLUE RIVER RESOURCES LTD. 

Griffin Jones, President, Director

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