Oct 01, 2009
Mineral Creek Gold Project - Update
Bulk Sample - During the spring and early summer of 2009, the bulk sample project operator Mipoz Geological Inc. (Mipoz) installed a 10 tpd ball mill, table and associated electrical equipment and began processing mineralized rock mined from the Linda zone at a rate of approximately 3-5 tonnes per day. Mipoz has since milled approximately 150 tonnes of stockpiled, crushed mineralized rock which had been mined in late 2008. This diluted mineralized rock graded approximately 0.5 to 0.75 oz/t gold. In August 2009, a dore bar weighing 30.9 troy ounces was poured from 40.4 troy ounces of concentrate. The dore bar assayed 77.77% gold and 18.47% silver. The bullion was subsequently sold for gross proceeds of C$24,283. A significant amount of gold is yet to be recovered from approximately one tonne of sulphide-rich concentrates, which are currently being processed. Since completion of processing of the stockpiled rock mined in 2008, an additional 70 metric tonnes of undiluted mineralized rock and 140 metric tonnes of waste rock have been mined. Mipoz has also drilled off another 60 metric tonnes of mineralized vein material which is ready for blasting. Crushing activities have resumed following re-establishment of the water supply. Mining and crushing activities are expected to continue until the onset of winter weather. Bitterroot and Mineral Creek Ventures Inc. share the costs and proceeds from the first 2,500 tonnes of material mined from the Linda zone on a 50/50 basis, with the next 2,500 tonnes costs and proceeds shared on a 55% Bitterroot - 45% MCVI basis.
Exploration - Definition drilling of the Ember vein resumed on May 29. As of the date of this report, over 6,000 metres have been drilled in 58 core holes and drilling is still in progress. Drill spacing is relatively tight, with a horizontal and vertical distance of 10 to 15 metres between holes. The Ember vein has now been outlined along a strike length of 130m and along a dip-length ranging from 40m to 80m. The vein's thickness ranges from a few centimetres to two metres and gold grades vary from traces up to two hundred grams of gold per tonne. Recent drilling of the Ember vein has intersected another quartz vein approximately 0.5 metres thick, which contains visible gold. This new hanging-wall vein is located approximately 30m south of the Ember vein. Visible gold has been noted in additional drill holes intersecting the Ember vein, results are pending. During the remainder of the 2009 field season, Bitterroot plans to complete the Ember vein definition drilling program and drill-test the area south of the Ember vein.
The accompanying map and tables show the drill hole locations and significant intersections to date. Assay results are pending for 24 additional drill holes.
Click to Enlarge
Mr. Michael Becherer, P.Geo is the Qualified Person responsible for the design and implementation of exploration programs on the Mineral Creek project. The drill core was logged and sampled by G.A. Price, P. Geo. Samples were assayed by ALS Chemex in North Vancouver, BC. Analysis consisted of procedure Au-AA 23 and ME-ICP41. If Au was greater than 10ppm then samples were re-assayed by procedure Au-GRA21.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
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.