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Bitterroot Resources Ltd V.BTT

Alternate Symbol(s):  BITTF

Bitterroot Resources Ltd. is a Canada-based company. The Company is in the exploration stage and its principal business activity is the sourcing and exploration of resource properties. It is focused on discovering high-grade, magmatic nickel-copper-PGM deposits in the Upper Peninsula of Michigan and oxide epithermal gold-silver deposits in Nevada. The Company is engaged in exploring the LM Property for high-grade nickel-copper-platinum-palladium deposits. It holds a 100% interest in the Voyageur Lands, a separate magmatic nickel-copper-PGM exploration, which covers more than 360 square miles in the Upper Peninsula of Michigan. The Company owns the 66-claim Nighthawk Gold-Silver Property in Esmeralda County, Nevada. The Nighthawk property is prospective for near-surface, open-pit heap-leach-recoverable oxide gold mineralization hosted by geochemically anomalous, argillic-altered welded Miocene tuffs. Its subsidiaries include Trans Superior Resources, Inc. and Voyageur Lands Corporation.


TSXV:BTT - Post by User

Bullboard Posts
Comment by ThaiDiamondon Nov 26, 2009 9:36pm
490 Views
Post# 16528596

RE: RE: RE: RE: RE: I just had to laugh

RE: RE: RE: RE: RE: I just had to laughOK, Destinator....normally I would not indulge in posting proprietary material, but since you asked nicely (and since it was so brief), on Nov 18th HRA Dispatch published this:

Bitterroot Resources (BTT-V; off 0.5 cents on 466k shares at
.115) released a large set of drill results from Mineral Creek that included high grade intersections although most of the results were narrow. BTT also updated the market on the progress of its bulk sampling program.

The company and its JV partner/vendor have processed roughly 200 tonnes of material this year which has generated about 70 ounces of dore so far. We originally added BTT for its exposure to the Saskatchewan coal play that it has now largely relinquished.

The company is building additional gold resources at Mineral Creek but the overall tonnage is low. This might work if it was getting mined efficiently enough to make up for the small volume. Unfortunately, production of only a few hundred tonnes this year and last is far to low to generate a positive net. This might work for a hobby operation but not for a public company. More reporting might include another high grade hole or two to cheer the market but we don’t expect miracles. We are ceasing coverage of Bitterroot as of now.

Bullboard Posts