Blue River Resources Ltd.
TSX VENTURE : BXR

Blue River Resources Ltd.

September 14, 2011 04:00 ET

Blue River Resources Ltd.: Diamond Drilling Program Underway at Castle Copper Project, Princeton, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2011) - Blue River Resources Ltd. (TSX VENTURE:BXR) announces it has commenced drilling on its Castle Copper Project, located 12 km north of the town of Princeton, BC and 25 km north of Copper Mountain Mining Corp.'s operating Copper Mountain open pit copper mine.

The Castle Property 2011 diamond drilling program targets 3,000 meters of NQ sized drilling from 10 holes and is designed to test the depth extension of a zone of anomalous copper mineralization previously identified from Company and historical surface exploration work. This 500 m by 150 m zone of anomalous copper mineralization consists primarily of malachite, chalcopyrite, pyrite and magnetite with minor bornite and possibly chalcocite and has been defined by a series of geochemical soil sampling surveys, trenches, and ground based geophysical surveys. Results from all these surveys are being utilized to guide the current drilling campaign. The drilling program is anticipated to last for 8 weeks and all core samples will be shipped to AGAT Laboratories of Burnaby, B.C. for multi-element ICP analyses.

President Griffin Jones states: "After assembling one of the largest mineral claim land packages in the Princeton area, this drill program is the first phase toward determining the true potential of the Castle Project to host a large-tonnage porphyry copper mineral deposit."

The Castle project totals approximately 6,500 hectares (16,000 acres) and Blue River holds a 100% interest therein. A 43-101 Technical report on the Castle Property is available for viewing on the Company's website or on SEDAR.COM.

Paul D. Gray, P.Geo., Company Director and a qualified person for the purpose of National Instrument 43-101 has reviewed and approved the contents of this news release.

For further information please visit our website at www.blueriv.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Griffin Jones, President

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release, including any information relating to Blue River's future financial or operating performance may be deemed "forward looking". All statements in this news release, other than statements of historical fact, that address events or developments that Blue River expects to occur, are "forward-looking statements." Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond Blue River's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: significant capital requirements; changes in legislation in British Columbia and Canada or any other geographic region in which Blue River currently or may in the future carry on business; controls, regulations and political or economic developments in British Columbia and Canada; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements in British Columbia; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, and unusual or unexpected formations. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. Blue River expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

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.

Contact Information

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