Blue River Resources Ltd.
TSX VENTURE : BXR

Blue River Resources Ltd.

February 02, 2012 06:00 ET

Blue River Resources Ltd.: Castle Copper Project Exploration Plans for 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2012) - Blue River Resources Ltd. ("Blue River" or the "Company") (TSX VENTURE:BXR) announces exploration plans for its 100%-owned Castle Copper Project. The Company's initial 2011 diamond drilling program defined copper porphyry-style mineralization over, and beyond the extent of a 500-metre-by-150-metre zone of surface copper mineralization and copper-in-soil geochemical anomalies previously identified by the Company. The 2011 drilling program was designed to test lithology and alteration beneath the known surface mineralization, and it identified a strong epidote-chlorite and quartz-sericite alteration, which is consistent with a copper porphyry mineralized system, similar to Copper Mountain Mining's operating Copper Mountain mine, located 25 kilometers south of the Castle Property.

Blue River has recently acquired a helicopter-borne survey conducted over the Castle property in 2009 by Aeroquest Surveys of Mississauga, Ontario, and funded by Canadian International Minerals Ltd. The survey employed Aeroquest's proprietary AeroTEM III time domain Helicopter Electromagnetic (EM) System in conjunction with a high-sensitivity caesium vapour magnetometer.

The results of the Aeroquest survey indicate a large magnetic anomaly centred generally upon the surface copper-in-soils anomaly identified by the Company, with a prominent north and north-west extending trend. This data will be used to focus the Company's 2012 exploration and drilling programs. Additionally, a comprehensive program of geological mapping and surface sampling in other prospective areas of the 20,800 acre property is currently being developed.

President Griffin Jones states, "The initial drill program on the Castle Copper Project encountered copper mineralization in 8 of the 10 holes drilled last year. Of particular interest is the last hole drilled, BXR-11-9, which intersected 600 feet of copper mineralization, indicating the potential for a large porphyry system. This area, called the Christian Zone, will be the major focus of diamond drilling in spring 2012."

Blue River has begun the process to amend the existing Castle Property Mineral Exploration Permit in place with the Government of British Columbia to extend the number and length of drill holes for the 2012 Castle Project exploration program.

The technical information contained in this news release was reviewed and approved by Paul D. Gray, P. Geo, Company Director, and a qualified person as defined under National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Griffin Jones, President

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com) and in other reports on our website at www.blueriv.com.

Neither 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.

Contact Information

  • Blue River Resources Ltd.
    Griffin Jones
    President
    604-682-7339
    www.blueriv.com