Bitterroot Resources Ltd.Bitterroot Resources Ltd. is engaged in the acquisition and exploration of mineral properties, primarily in Arizona and Michigan.
In late 2016, the Company's Board of Directors approved a strategy of adopting a precious metals focus for future exploration and development activities. Initially these efforts will be concentrated on the Hackberry property, a former high-grade silver producer in Mohave County, Arizona. The Hackberry claims host the past-producing Old Hackberry (Sunshine), South Hackberry and Silver King high-grade silver mines. Bitterroot currently controls 66 patented and unpatented claims covering over 4 kilometers of the Hackberry mineralized trend. Bitterroot's sampling and historical documents available at the Arizona Geological Survey's ("AZGS") digital archive confirm the presence of high-grade silver mineralization on the Hackberry and Silver King claims. Surface exploration programs will commence in March 2017, with drilling planned to start in the 2nd half of 2017.
In Michigan, Bitterroot owns a 49.9% interest in more than 360 square miles of mineral rights in Michigan's Upper Peninsula. In September 2015, the company entered into a joint venture with Altius Minerals Corporation. Altius currently owns 50.1% of the Michigan mineral rights and has the option to earn up to 80% by funding C$7.5 million of exploration expenditures prior to September 2025. Bitterroot and Altius' management have identified several targets which are prospective for Ni/Cu/PGM-bearing sulphide deposits similar to Lundin Mining's high-grade Eagle deposit. Altius is the operator of the Michigan joint venture.