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Thu, January 12, 2012 Blue River Resources Ltd. Intersects 42 Meters of 0.16% Cu, 90 Meters of 0.09% Cu and 201 Meters of 0.04% Cu at Castle Copper P
January 12, 2012 06:00 ET
Blue River Resources Ltd. Intersects 42 Meters of 0.16% Cu, 90 Meters of 0.09% Cu and 201 Meters of 0.04% Cu at Castle Copper Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 12, 2012) -Blue River Resources Ltd. ("Blue River" or the "Company") (TSX VENTURE:BXR) is pleased to announce the receipt of mineral assays from its Castle Copper Project, located 12 kilometres north of Princeton BC and 25 km north of the 36,000 tonne per day Copper Mountain Mine.
The Company's initial diamond drill program at the Castle Project intersected copper mineralization in 8 holes of the 10 holes recovered. The 2011 Castle Project drill program totalled 3720 feet over 12 holes. The Castle Project covers approximately 20,000 acres.
Diamond drill hole BXR-11-4, intersected 43 metres grading 0.16% copper from 19 meters to 60 meters. Hole BXR-11-7 intersected 90 meters grading 0.09% copper from 29 meters to 119 meters and hole BXR-11-9 intersected 201 meters grading 0.04% from 30 meters to 228 meters. The present cut-off grade at the nearby Copper Mountain Mine is 0.1% copper.
The Castle Property is mainly underlain by basaltic and andesitic flows of the Upper Triassic Nicola Group. The Nicola volcanic rocks strike in a northwest direction and are in contact with a Middle Jurrasic-age grandiorite Osprey Lake Batholith on the property. Outcrop on the property is restricted to high ridges exposed to the north of Christian Creek.
Assay results from this drill program are as follows:
| HOLE # | TD (M | ) | FROM (M | ) | TO (M | ) | INT (M | . ) | COPPER % | OTHER | |
| BXR-11-1A | 26 | 3.2 | 24.08 | 20.88 | 0.05% | Bad ground. Hole abandoned at 26 m. | |||||
| BXR-11-1B | No Core Recovery | ||||||||||
| BXR-11-1C | 80 Incl | 1.0 | 73.15 | 72.15 31.5 | 0.05% 0.14% | -Including 31 m of 0.14% Cu and 10 g/t Ag -Broken ground/fault zone. Hole abandoned at 80 m | |||||
| BXR-11-1 | 290 | No Significant Values | |||||||||
| BXR-11-2 | Bad ground/ fault zone. Hole abandoned at 61 m. No Significant Values | ||||||||||
| BXR-11-3 | 66 | 2.5 | 21.35 | 18.85 | 0.14% | Fault zone encountered at 66 m. and hole stopped | |||||
| BXR-11-4 | 180 Incl | 19.0 30 | 60.3 60.3 | 41.3 30.3 | 0.16% 0.18% | Including 30.3m of 0.18% Cu and 1.64 g/t Ag from 30 m to 60.3 m | |||||
| BXR-11-5 | No Significant Values Broken rock/fault zone and hole abandoned at 21m. | ||||||||||
| BXR-11-6 | 48 | 15.7 6 | 42.67 21.7 | 26.97 27.7 | 0.08% 0.14% | Broken Faulted ground. Hole caved and stopped at 48 m. | |||||
| BXR-11-7 | 130 Incl | 29.7 29.7 | 118.87 80.7 | 89.17 51.0 | 0.09% 0.12% | Drill rod stuck at 130m meters and hole stopped. | |||||
| BXR-11-8 | 100 | 46.30 | 85.3 | 39.05 | 0.07% | No recovery from 15.8 m. to 44.8. | |||||
| BXR-11-9 | 250 Incl | 30.5 89.0 | 228.6 105.5 | 201.5 316.5 | 0.04% 0.12% | ||||||
President Griffin Jones states: "We are very encouraged that the initial diamond drill program on the Castle Copper Project resulted in copper mineralization in 8 of 10 holes that were recovered. BXR Hole 11-9 is also exciting due to its 600 foot intersection and the consistency of the porphyry-style mineralization. This gives us an excellent starting point for further exploration and drilling in 2012."
The company employs a quality assurance/quality control program that employs introduction of certified analytical standards and blanks as well as secure sample chain of custody of samples from drill to laboratory. Technical information contained in this news release was reviewed by Glen MacDonald, P. Geo, a qualified person as defined under National Instrument 43-101.
For further information please visit our website at [ www.blueriv.com ].
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 ].
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
