|September 21, 2011|
Bitterroot Resources Ltd. Stakes 98,000 Acres Adjoining Kiyuk Gold Discovery in Nunavut
|Bitterroot Resources Ltd.'s (TSX-V; BTT) field crews have staked the 40-claim Windy Property, covering approximately 154 square miles (398 square kilometres) adjoining Prosperity Goldfields Corp.'s Kiyuk gold project in southern Nunavut. The claims are located near Nueltin Lake, approximately 60 kilometres north of the Manitoba border. Bitterroot's Windy Property covers parts of the under-explored early Proterozoic Kiyuk sedimentary sub-basin, which hosts several significant new gold discoveries. |
Bitterroot's Windy Property covers exposures of the early Proterozoic Hurwitz and Kiyuk group sediments in a structurally-complex area. Based on mapping by the Geological Survey of Canada, structural trends and stratigraphic units associated with recently discovered gold mineralization on Prosperity Goldfield's Kiyuk property continue onto Bitterroot's Windy property. Gold mineralization on Prosperity Goldfields' Kiyuk property is associated with strong magnetite-albite or albite-actinolite-quartz-carbonate alteration and steeply dipping thrust faults. The sediment-hosted gold mineralization at Kiyuk may have an Iron Oxide Copper-Gold (IOCG) affinity, although this is still a preliminary view. Prosperity Goldfields' recent exploration successes indicate that the under-explored Kiyuk sub-basin has the potential to host large gold-bearing systems.
Mr. Charles Greig, P.Geo is the Qualified Person responsible for the accuracy of the technical content of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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.
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