VANCOUVER, Dec. 8, 2014 /CNW/ - Blue River Resources Ltd. (TSX.V: BXR) (OTC: BRVRF) ("Blue River" or "the Company") announces exploration results from a recent surface sampling program on the Castle Copper Project and an updated exploration plan for the 2015 field season for the Company's Mazama Copper Deposit.
CASTLE COPPER PROJECT
The Company recently conducted a surface sampling program on the Castle Copper Project, located near Princeton BC, and approximately 25 km north of the Copper Mountain Mine.
Copper grades from 24 rock grab samples ranged from a high of 2.2% copper on surface and averaged 0.5% Cu. The sampled area is from a zone of highly fractured and sheared Nicola Group volcanic rocks.
Future exploration plans on the Castle Project call for an IP survey to the north and west of previously drilled areas of the Castle Project with the emphasis on locating porphyry copper mineralization drill targets.
MAZAMA COPPER DEPOSIT
Permitting for the upcoming drill program on the Company's 100% owned Mazama Copper Deposit is continuing, with field work by the US Forest Service having been completed. The Company estimates receiving the permit in the first quarter of 2015.
The permit was delayed by the largest wildfire in Washington State's history, in the eastern Methow Valley. The Mazama Copper Deposit is located in the western part of the Methow Valley, Okanogan County, WA, approximately 25 km south of the Canada/US border in North Central Washington, 143 km northeast of Seattle. Both the Castle Project and Mazama Copper Deposit are situated on the southern extension of the Quesnel Trough copper belt, one of the most prolific copper producing areas in North America.
Quintana Minerals Corp., in 1975, calculated an historical resource* on the Mazama property of 149 million tons grading 0.36% copper and 0.01% molybdenum, or approximately 1 billion pounds of copper. Although historic adits that were explored for gold mineralization are located on the property, no gold assays were reported.
The Company has completed geological mapping and sampling, a LIDAR survey, topographic mapping and located historic drill holes.
Blue River will conduct a minimum 2,000 meters (6,000 feet) of diamond drilling, to confirm previously delineated areas of mineralization, as well as test new potential areas of mineralization developed from the 2014 exploration and staking program. The objective of the 2015 exploration program is to confirm and expand the historic copper mineralization located within the Mazama Copper Deposit. The Company has paid a 50% deposit for drilling and geological work for this exploration program.
*A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Blue River is not treating the historical estimate as current mineral resources.
The technical information contained in this news release was reviewed and approved by Paul D. Gray, P. Geo, a qualified person as defined under National Instrument 43-101.
ON BEHALF OF THE BOARD
BLUE RIVER RESOURCES LTD.
/s/ Griffin Jones
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.
Safe Harbor Statement:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
SOURCE: Blue River Resources Ltd.
For further information: Griffin Jones, Tel: (604) 682-7339, www.Blueriv.com