Blue River Resources Ltd.: Diamond Drilling Program Underway at Castle Copper Project, Princeton, B.C.
September 14 2011 - 4:00AM
Marketwired
Blue River Resources Ltd. (TSX VENTURE: BXR) announces it has
commenced drilling on its Castle Copper Project, located 12 km
north of the town of Princeton, BC and 25 km north of Copper
Mountain Mining Corp.'s operating Copper Mountain open pit copper
mine.
The Castle Property 2011 diamond drilling program targets 3,000
meters of NQ sized drilling from 10 holes and is designed to test
the depth extension of a zone of anomalous copper mineralization
previously identified from Company and historical surface
exploration work. This 500 m by 150 m zone of anomalous copper
mineralization consists primarily of malachite, chalcopyrite,
pyrite and magnetite with minor bornite and possibly chalcocite and
has been defined by a series of geochemical soil sampling surveys,
trenches, and ground based geophysical surveys. Results from all
these surveys are being utilized to guide the current drilling
campaign. The drilling program is anticipated to last for 8 weeks
and all core samples will be shipped to AGAT Laboratories of
Burnaby, B.C. for multi-element ICP analyses.
President Griffin Jones states: "After assembling one of the
largest mineral claim land packages in the Princeton area, this
drill program is the first phase toward determining the true
potential of the Castle Project to host a large-tonnage porphyry
copper mineral deposit."
The Castle project totals approximately 6,500 hectares (16,000
acres) and Blue River holds a 100% interest therein. A 43-101
Technical report on the Castle Property is available for viewing on
the Company's website or on SEDAR.COM.
Paul D. Gray, P.Geo., Company Director and a qualified person
for the purpose of National Instrument 43-101 has reviewed and
approved the contents of this news release.
For further information please visit our website at
www.blueriv.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Griffin Jones, President
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, including
any information relating to Blue River's future financial or
operating performance may be deemed "forward looking". All
statements in this news release, other than statements of
historical fact, that address events or developments that Blue
River expects to occur, are "forward-looking statements."
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "does not expect", "plans", "anticipates", "does not
anticipate", "believes", "intends", "estimates", "projects",
"potential", "scheduled", "forecast", "budget" and similar
expressions, or that events or conditions "will", "would", "may",
"could", "should" or "might" occur. All such forward-looking
statements are based on the opinions and estimates of management as
of the date such statements are made and are subject to important
risk factors and uncertainties, many of which are beyond Blue
River's ability to control or predict. Forward-looking statements
are necessarily based on estimates and assumptions that are
inherently subject to known and unknown risks, uncertainties and
other factors that may cause actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. Such
factors include, without limitation: significant capital
requirements; changes in legislation in British Columbia and Canada
or any other geographic region in which Blue River currently or may
in the future carry on business; controls, regulations and
political or economic developments in British Columbia and Canada;
the speculative nature of mineral exploration and development,
including the risks of obtaining and maintaining the validity and
enforceability of the necessary licenses and permits and complying
with the permitting requirements in British Columbia; competition;
loss of key employees; additional funding requirements; actual
results of current exploration or reclamation activities; changes
in project parameters as plans continue to be refined; accidents;
labour disputes; defective title to mineral claims or property or
contests over claims to mineral properties. In addition, there are
risks and hazards associated with the business of mineral
exploration, development and mining, including environmental
hazards, industrial accidents, and unusual or unexpected
formations. Forward-looking statements are not guarantees of future
performance, and actual results and future events could materially
differ from those anticipated in such statements. All of the
forward-looking statements contained in this news release are
qualified by these cautionary statements. Blue River expressly
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise, except in accordance with applicable
securities laws.
Neither the 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.
Contacts: Blue River Resources Ltd. Griffin Jones President
604-682-7339 www.blueriv.com
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