Bitterroot Resources Ltd.
posted on
Apr 15, 2008 07:04AM
Bitterroot Resources Ltd. provides investors with multi-commodity, North American mineral exploration exposure. In Michigan, Bitterroot owns recorded mineral title interests in approximately 363 square miles of lands and has entered into an exploration joint venture with Cameco Corporation covering a 240 square mile area of interest. The Company also leases mineral rights from the State of Michigan and holds prospecting permits on US federally-owned mineral rights. In January 2007, Bitterroot completed a seven-hole, 1,300 metre drilling program to test several Uranium targets. Drilling intersected a 0.6 metre interval which contains 75 ppm U, including two 0.12 metre intervals which contained over 100 ppm U. These intervals are considered to be significant, as they confirm that uranium-bearing fluids have been active in the Jacobsville Basin. Additional drilling is expected to begin before the end of 2007. In British Columbia, the Company has the option to earn a 75 percent interest in the Mineral Creek high-grade gold project, which covers 55 square kilometres near Port Alberni, BC. Bitterroot is also also exploring the GK Gold/Silver Project, near Beaverdell in south-central BC, the North Brenda Molybdenum/Copper project located 50 km west of Kelowna, BC and the Big Southeaster Gold project near Port Alberni, BC. Drilling is currently underway on the Big Southeaster project and an underground bulk sampling program has started on the Mineral Creek (Linda Zone) property. Drilling is expected to resume on the North Brenda and GK projects in October.