Bitterroot Resources Intersects High Nickel Grades in Massive Sulphide Mineralization

Rhea-AI Summary

Bitterroot Resources Ltd. has reported assay results for drill holes LM 21-13 and LM 21-14 from its LM Project in Michigan, confirming significant nickel and copper mineralization. Hole LM 21-13 revealed 2.68m of upper disseminated mineralization with nickel grades up to 0.33%. In contrast, LM 21-14 showed lesser results, with no significant mineralization found. The ongoing drilling aims to enhance understanding of the mineralization's orientation, with additional holes planned before winter. The project is funded by Bitterroot (51%) and Below Exploration (49%).

Positive

• Significant nickel and copper mineralization confirmed in LM 21-13 with a 2.68m interval.
• Drilling results improve understanding of mineralization orientation in the LM Project.
• Funding partnership with Below Exploration supports exploration efforts.

Negative

• LM 21-14 did not intersect significant mineralization, potentially limiting resource estimates.

VANCOUVER, BC / ACCESSWIRE / October 13, 2021 / Bitterroot Resources Ltd. (TSXV:BTT) has received assays for holes LM 21-13 and LM 21-14 at its LM Project in the Upper Peninsula of Michigan. The assays continue to confirm that the massive and semi-massive sulphides intersected are enriched in nickel and copper, with overlying disseminated mineralization occurring in hole LM 21-13, but absent in LM 21-14.

Details of Mineralized Intervals*

LM 21-13
From (m)	To (m)	Interval (m)	Rock Type	Ni (%)	Cu (%)	Au + PGM (ppm)
247.68	250.36	2.68	Upper Disseminated Mineralization	0.33	0.38	0.10
250.36	250.75	0.39	Semi-Massive Sulphide	1.81	0.51	0.52
		3.07	TOTAL	0.52	0.40	0.15

LM 21-14
From (m)	To (m)	Interval (m)	Rock Type	Ni (%)	Cu (%)	Au + PGM (ppm)
235.79	236.06	0.27	Semi-Massive Sulphide	1.96	0.01	0.01
236.06	236.86	0.80	Massive Sulphide	4.81	1.05	0.25
		1.07	TOTAL	4.09	0.78	0.19

* Intervals are drill intersections and not necessarily true widths. True widths cannot be calculated at this time due to insufficient information on the orientation of the mineralized zones.

Holes LM 21-13 and LM 21-14 were the second and third holes completed in the summer 2021 drilling campaign, which commenced in early June. Four holes drilled this summer exited the intrusion above the elevation of the sulphide mineralization and three holes did not intersect the intrusion. The drilling completed to date has given our team a better understanding of the orientation of the LM intrusion and the position of the basal mineralized intervals within it. A map showing the location of drill holes completed to date is attached to this news release and posted on www.bitterrootresources.com.

The tenth hole of the summer program is currently underway, targeting mineralization in the southeast quadrant, which appears to host the keel of the steeply plunging LM intrusion. An eleventh hole is planned prior to October 31, after which, drilling will pause for hunting season. Discussions with adjacent mineral tenure holders are continuing. Management plans to resume drilling in the winter of 2022.

Exploration of the LM Project is being funded by Bitterroot Resources Ltd. (51%) and privately-owned joint venture partner Below Exploration Inc. (49%).

Mr. Glenn W. Scott, CPG, is the Qualified Person responsible for the technical content of this release.

Quality assurance/Quality control

Bitterroot Resources Ltd. used ALS Canada Ltd. ("ALS") for geochemical analyses and assaying. ALS is a global leader in analytical services. The samples were analyzed at ALS's secure, ISO 17025-certified laboratory in North Vancouver, BC, Canada, by 33-element four acid leach and Fire Assay, both with ICP-AES finish.

Analytical quality assurance and quality control (QA/QC) confirming the accuracy of the analyses were performed by ALS using twelve (12) standard samples and two (2) blanks.

Core samples were transferred on a daily basis from the drill site to Bitterroot's secure core storage and logging facility. After leaving the drill site, core samples were in the custody of Bitterroot's personnel or in secure storage. The two (2)-inch (5 cm)-diameter NQ-sized drill core was cut with a rock saw. Half of the core was shipped to ALS for sample preparation and analysis and half retained. The samples were tagged, bagged and boxed by Bitterroot personnel and shipped via courier to ALS in North Vancouver, B.C.

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: Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. 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 events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws. For such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

BITTERROOT RESOURCES LTD.
Suite 206-B, 1571 Bellevue Avenue,
West Vancouver, BC, V7V 1A6
tel 604 922 1351
www.bitterrootresources.com

SOURCE: Bitterroot Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/667846/Bitterroot-Resources-Intersects-High-Nickel-Grades-in-Massive-Sulphide-Mineralization

FAQ

What were the assay results from Bitterroot Resources for holes LM 21-13 and LM 21-14?

The assay results confirmed significant nickel and copper mineralization in hole LM 21-13, while LM 21-14 did not reveal significant mineralization.

What is the status of drilling at the LM Project of Bitterroot Resources?

Drilling is ongoing with the tenth hole currently being drilled, and an eleventh hole planned before the winter pause.

What are the main findings from the recent Bitterroot Resources press release?

The main findings include significant mineralization in drill hole LM 21-13, while LM 21-14 showed limited results, highlighting the variability in mineralization.

What is the company's plan regarding the LM Project after the October drilling?

The company plans to pause drilling for the hunting season and resume in winter 2022.

How is the LM Project being funded?

The LM Project is funded by Bitterroot Resources at 51% and its joint venture partner Below Exploration at 49%.