News
Aeromagnetic Surveys Completed at Windy Gold Project, Nunavut
September 10, 2012
Bitterroot Resources Ltd.'s (BTT, TSX-V) geophysical contractors have completed airborne magnetic surveys over the Company's 100 percent-owned Windy Gold Project in southern Nunavut.
The survey has identified the continuation of structural and stratigraphic trends which are present on Prosperity Goldfields' adjoining Kiyuk Gold Property. Results from the survey will be used to plan Bitterroot's 2013 exploration program on the Windy property. Drilling by Prosperity Goldfields on its neighbouring Kiyuk property has identified four encouraging zones of gold mineralization, each with multiple gold-bearing intervals. Several encouraging new prospects have also been identified on the Kiyuk property following property-wide surface sampling and prospecting.
A detailed analysis of aeromagnetic, VLF-EM and radiometric data from Bitterroot's high-resolution 5,722 line-kilometre survey is expected to be presented to management in October. The aeromagnetic survey covered a 460 square-kilometre area underlain by Paleoproterozoic sedimentary rocks of the Hurwitz and Kiyuk Groups.
Bitterroot management's current focus for its shareholders is advancement of the Michigan Ni/Cu/PGM targets. Management is assessing various corporate options for the exploration of these road accessible targets. Gravity surveys are planned to begin over selected targets in late September.
Mr. Charles Greig P.Geo is the Qualified Person responsible for the content of this news release.
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: 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 results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
The survey has identified the continuation of structural and stratigraphic trends which are present on Prosperity Goldfields' adjoining Kiyuk Gold Property. Results from the survey will be used to plan Bitterroot's 2013 exploration program on the Windy property. Drilling by Prosperity Goldfields on its neighbouring Kiyuk property has identified four encouraging zones of gold mineralization, each with multiple gold-bearing intervals. Several encouraging new prospects have also been identified on the Kiyuk property following property-wide surface sampling and prospecting.
A detailed analysis of aeromagnetic, VLF-EM and radiometric data from Bitterroot's high-resolution 5,722 line-kilometre survey is expected to be presented to management in October. The aeromagnetic survey covered a 460 square-kilometre area underlain by Paleoproterozoic sedimentary rocks of the Hurwitz and Kiyuk Groups.
Bitterroot management's current focus for its shareholders is advancement of the Michigan Ni/Cu/PGM targets. Management is assessing various corporate options for the exploration of these road accessible targets. Gravity surveys are planned to begin over selected targets in late September.
Mr. Charles Greig P.Geo is the Qualified Person responsible for the content of this news release.
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: 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 results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.