Battery Metals NR Vancouver, British Columbia – June 15, 2022 - Blue River Resources Ltd. (TSXV: BXR) (OTC Pink: BRVRF) (FSE: 0BL) (the “Company”) announces that it has acquired an option to purchase a 100% interest in the 4,200-hectare or 10,400-acre WILDRICE LITHIUM PROPERTY located in Northwest Ontario, approximately 390KM west of Thunder Bay. The Wild Rice Lithium Property is situated on the boundary of the Winnipeg River sub province and English River sub province, an area historically known for its significant lithium pegmatite deposits.
Option Agreement
The terms of the option consist of payments of $50,000 and 1,750,000 shares by Blue River Resources over three years and a work commitment of $200,000 over four years. The vendor retains a 2% net smelter royalty on the property.
Work Program
A preliminary surface sampling program is underway on the Wildrice Lithium Property, which has identified exposed pegmatites on the property (see figure one). Samples have been retrieved and shipped to ACT labs.
https://blueriv.com/assets/docs/nr/News%20Release%20BXR%20Wildrice%20Property%20Acquisition%20June%2013.pdf