|April 10, 2017|
Hackberry Silver Project - Exploration Update
|Bitterroot Resources Ltd.'s (BTT, TSX-V) contractors have initiated the first phase of geological and geophysical surveys on the Hackberry Silver Project.|
In early April, geophysical contractors completed a reconnaissance ground-based magnetic survey over approximately two (2) kilometres of strike length along the Hackberry mineralized structure, between the Sunshine and Silver King mines. This survey delineated magnetic lows over the main silver-mineralized structures and showed there is potential for these mineralized zones to continue along strike, down dip and beneath adjacent covered areas. Two reconnaissance Induced Polarization (IP) lines identified resistivity lows which are coincident with the magnetic lows. In order to further define drill targets, Bitterroot has retained a contractor to fly a detailed, 175 line-km airborne (UAV) magnetometer survey over the claims. Data from this survey is expected to be received by the end of April.
Also in early April, geological contractors finished collecting detailed geological and structural data on the Hackberry claim block, with emphasis on the areas around the past-producing Sunshine and Silver King mines. A preliminary review of the data shows several intersecting vein trends with alteration that is coincident with magnetic and resistivity lows.
Bitterroot's management has also initiated a program of proactive engagement with local landowners and regulators.
A cohesive geological and geophysical picture of the Hackberry mineralized system is emerging. Management's objective is to rapidly advance the project, with drill-testing planned to start in the next few months.
Mr. Glen W. Adams, PG (SME), a consultant to the Company, is the Qualified Person responsible for the technical content of this news release. Mr Adams has prepared, supervised and approved the scientific and technical disclosure in this news release.
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.