|March 25, 2013|
Dr. Anthony Naldrett Joins Bitterroot Resources' Technical Advisory Board, Options Granted
|Bitterroot Resources Ltd.'s (BTT, TSX-V) Board of Directors is pleased to announce that Dr. Anthony (Tony) Naldrett has joined the company's newly-formed Technical Advisory Board.|
Dr. Naldrett is an internationally-recognized authority on the geology, mineralogy and chemistry of magmatic sulphide ore deposits. He has authored or co-authored over 244 referred publications and written or edited seven books on magmatic sulphide deposits. His research has covered most of the world's major nickel-copper-PGM deposits and districts, including those at Sudbury, the Abitibi Belt, the Great Dyke, Raglan, Thompson, Noril'sk, Pechenga, Jinchuan, Lac Des Iles, Voisey's Bay and the Duluth, Bushveld and Stillwater Complexes. Tony retired in 1998, but retains a position at the University of Toronto as Professor Emeritus and continues his research on magmatic sulphide deposits, most recently as Honorary Professor in the School of Geosciences, University of Witwatersrand and as Honorary Research Fellow of the UK's Natural History Museum in London. He has received numerous honours for his research and many of Tony's students are now leading ore deposit researchers and explorationists. His research has enhanced our understanding of the dynamic processes which formed the giant nickel-copper-PGM deposits at Noril'sk and identified the North American Mid-Continent Rift as being highly prospective for additional conduit-hosted magmatic nickel-copper-PGM deposits.
Dr Naldrett will advise Bitterroot's Board of Directors and management on the Company's ongoing nickel-copper-PGM exploration program in the Upper Peninsula of Michigan. This region has important geological similarities to those which host the giant Noril'sk nickel-copper-PGM deposits in Russia and the Voisey's Bay nickel-copper-cobalt deposit in Labrador. Bitterroot management's primary objective is the advancement of the Company's Michigan nickel-copper-PGM targets. Management is currently assessing various corporate options, with the goal of financing a drilling program in Michigan in 2013.
In addition, under the terms of its Stock Option Plan, Bitterroot Resources Ltd. has granted to consultants and advisors, effective March 25, 2013, incentive stock options to acquire 500,000 common shares at $0.10 per share, expiring March 24, 2018.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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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