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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.: Castle Copper Project Exploration Plans for 2012

02/02/2012 10:00am

Marketwired Canada


Blue River Resources Ltd. ("Blue River" or the "Company") (TSX VENTURE:BXR)
announces exploration plans for its 100%-owned Castle Copper Project. The
Company's initial 2011 diamond drilling program defined copper porphyry-style
mineralization over, and beyond the extent of a 500-metre-by-150-metre zone of
surface copper mineralization and copper-in-soil geochemical anomalies
previously identified by the Company. The 2011 drilling program was designed to
test lithology and alteration beneath the known surface mineralization, and it
identified a strong epidote-chlorite and quartz-sericite alteration, which is
consistent with a copper porphyry mineralized system, similar to Copper Mountain
Mining's operating Copper Mountain mine, located 25 kilometers south of the
Castle Property. 


Blue River has recently acquired a helicopter-borne survey conducted over the
Castle property in 2009 by Aeroquest Surveys of Mississauga, Ontario, and funded
by Canadian International Minerals Ltd. The survey employed Aeroquest's
proprietary AeroTEM III time domain Helicopter Electromagnetic (EM) System in
conjunction with a high-sensitivity caesium vapour magnetometer. 


The results of the Aeroquest survey indicate a large magnetic anomaly centred
generally upon the surface copper-in-soils anomaly identified by the Company,
with a prominent north and north-west extending trend. This data will be used to
focus the Company's 2012 exploration and drilling programs. Additionally, a
comprehensive program of geological mapping and surface sampling in other
prospective areas of the 20,800 acre property is currently being developed. 


President Griffin Jones states, "The initial drill program on the Castle Copper
Project encountered copper mineralization in 8 of the 10 holes drilled last
year. Of particular interest is the last hole drilled, BXR-11-9, which
intersected 600 feet of copper mineralization, indicating the potential for a
large porphyry system. This area, called the Christian Zone, will be the major
focus of diamond drilling in spring 2012."


Blue River has begun the process to amend the existing Castle Property Mineral
Exploration Permit in place with the Government of British Columbia to extend
the number and length of drill holes for the 2012 Castle Project exploration
program.


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


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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