News - 3rdQ ReportWonder why these do not get posted on BTT SH site under 'News Releases' as others do - up to 10 on-going NRs?
https://www.bitterrootresources.com/s/FinancialStatements.asp
Mon Sep 24, 2007
Linda Zone - Underground Bulk Sample Initiated on High-Grade Gold Mineralization
-----------------------------------------------------------------
Bitterroot Resources Ltd.'s partner Mineral Creek Ventures Inc. is currently establishing a drill-face prior to collaring a portal on the high-grade Lower Linda vein. To date approximately 70 tonnes of mineralized vein material have been extracted. Mineral Creek Ventures has received a permit from the BC Ministry of Energy, Mines and Petroleum Resources to extract up to 5,000 tonnes from the Linda zone by conventional mining methods. Mining is expected to proceed until winter conditions limit access to the site. Mineralized rock will be processed through a gravity circuit to be built in the Debbie tunnel and cross cuts located approximately 100 metres below the Linda Portal. Bitterroot and Mineral Creek will share the costs and proceeds of the bulk sample on a 50/50 basis. The Linda zone has been tested with 44 drill holes over a minimum 150-metre strike length and an elevation range of approximately 100 metres. Additional drilling of the Linda zone has been deferred until the partners' drilling contractor completes drilling on the adjoining Big Southeaster property.
Drilling has been underway on the Big Southeaster property since early December 2006, utilizing newly constructed or reactivated logging roads. As of the date of this report, the Company's drilling contractor had completed over 6,800 metres of core drilling in 23 holes drilled from six sites. Drill hole BTT-BS 9 tested the Mineral Creek fault zone and returned 82 separate intervals of highly anomalous gold values (+0.2 grams Au/Tonne) throughout most of its 243-metre length. Drill holes BTT-BS 18 to 22 also tested the Mineral Creek fault zone 200 metres southwest of BTT-BS 9, intersecting up to nine zones of intensely silicified and brecciated pyrite/arsenopyrite-bearing mineralization with true thicknesses ranging from one to nine metres. Assay results from these holes are pending. The drill rig has recently been moved approximately one kilometre northeast to test polymetallic (copper, lead, zinc, gold and silver) mineralization exposed in historic pits and adits in the Regina area. Approximately 1,500 metres of drilling are planned in the Regina area.
Mr. Michael Becherer, P.Geo is the Qualified Person responsible for the design and execution of exploration programs on the Mineral Creek property. Mr. John Wilson, P.Geo is the Qualified Person responsible for the design and execution of exploration programs on the Big Southeaster project. Analyses of core from the Big Southeaster property were done at Acme Analytical Laboratories Ltd. in Vancouver, BC, by ICP-MS and fire assay/ICP-ES.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
FORWARD LOOKING STATEMENTS: 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 results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.