VANCOUVER, BRITISH COLUMBIA, Apr 4, 2007 (CCNMatthews via COMTEX News Network) --
Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") announces a drill rig has been mobilized to the Tramp Mine project, Montrose County, Colorado. Drilling is expected to start the week of April 9th, 2007.
This drill program will focus on three discrete targets that were defined by historic drilling(i). The three targets reported grades and intervals of 0.30% U3O8 over five feet (1.5m) and 0.82% U3O8 over 2.5 feet (0.75m) and 0.45% U3O8 over 1.5 feet (0.46m) at depths of 350 to 550 feet (90 to 170m), respectively. The historical intersections are located adjacent to existing underground mine workings which would facilitate rapid and efficient development.
The Tramp Mine produced Uranium and Vanadium ore from 1947 to 1984, with reported grades of 0.28% to 0.32% U3O8 and 1.5% to 1.7% V2O5. Production in the 1970's and 1980's was conducted with modern trackless mining methods on the lower rim (which is the target of the current exploration campaign). Portal access from the Canyon Rim affords the Company flexibility in developing the mine and reduces time and cost constraints that would apply to a shaft and tunnel operation.
With Mine, Exploration and Storm water permits in place, the Company is moving to define a 43-101 compliant resource, produce a scoping study and prepare the mine for production.
Bluerock President Michael Collins commented: "The quick start to drilling on the Tramp Mine Project demonstrates the Company's determination to actively advance its uranium projects toward production. Bluerock is committed to continue its strategy of acquiring and developing Uranium resources in the US south west."
Paul D. Gray, P.Geo. is the Qualified Person with respect to the Tramp Mine Project and has reviewed and approved this press release.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins, CEO, President and Director
(i) The historical work was conducted by previous mine operators, the reliability of this data is unknown but considered reasonable and confirmation work may produce results that differ substantially from the historic results.
Statements contained in this document that are not historical facts are forward-looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filing with the B.C. Securities Commission.
SOURCE: Bluerock Resources Ltd.
Bluerock Resources Ltd. Cary Martin Manager of Investor Relations (604) 687-2471 (604) 687-2472 (FAX) Email: cmartin@bluerockresources.com Website: www.bluerockresources.com
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