Upper Peninisula, Michigan (Uranium)

Upper Peninisula, Michigan (Nickel-Copper)

GK Project

Mineral Creek

North Brenda

Big Southeaster

SPN



 

Big Southeaster

Show printable version of 'Big Southeaster' in a New WindowEmail 'Big Southeaster' to a friendBIG SOUTHEASTER OVERVIEW
January 8, 2010

In 2006, Bitterroot entered into an agreement to acquire a 100-percent interest in the Big Southeaster property, near Port Alberni, British Columbia. The property adjoins the south side of the Company's geologically-similar Mineral Creek property, hosting occurrences of stratiform and structurally-controlled polymetallic sulphide mineralization and structurally-controlled gold-silver mineralization. The Big Southeaster property is accessible by logging roads and hosts several test pits and short adits which tested surface exposures of gold and base metal mineralization.

In 2007, Bitterroot completed a 40-hole, 11,286-metre diamond-drill program at Big Southeaster, with 22 holes (6,679 metres) testing a gold-bearing zone in the Lizard Lake area and 18 holes (4,607 metres) testing a cluster of polymetallic showings in the Regina area.

The 22 Lizard Lake area holes tested a 700 by 700-metre area associated with the Mineral Creek fault zone where drilling intersected several hundred narrow quartz-carbonate vein, shear-breccia and fault-hosted intervals which returned anomalous gold values exceeding 0.4 grams Au/tonne. The best gold results (greater than 1.0 gram Au/tonne) were intersected by eight holes along a 250-metre strike length. This zone is open along strike and down-dip.

The 18 Regina area holes tested Sicker Group volcanic rocks, returning narrow widths of high-grade copper (up to 3.2-percent Cu over 0.6 metres) and zinc (up to 5.7-percent Zn over 0.2 metres). These elevated values were generally recovered from one basalt unit, with a total strike length of at least 1,200 metres based on surface showings and recent and historic drilling. Elevated gold values of up to 1.27 grams Au/tonne over 0.9 metres are also encouraging.

In exchange for a 100-percent interest in the Big Southeaster claims, Bitterroot paid the property vendors $10,000 and issued 50,000 shares upon signing, issued 50,000 additional shares before the first and second anniversaries, completed $50,000 of exploration expenditures before the second anniversary, and issued common shares with a value of $50,000 prior to the third anniversary. In 2007, Bitterroot acquired a 100-percent interest in a 21-hectare crown granted mineral claim within its Big Southeaster property for $25,000 and 50,000 common shares. This project is contiguous with the Mineral Creek project claims, where Bitterroot's management is currently focusing the bulk of its exploration efforts.