Brett Resources Inc.
TSX VENTURE : BBR

Brett Resources Inc.

October 18, 2007 13:44 ET

Brett Continues to Deliver at Hammond Reef

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2007) - Brett Resources Inc. (TSX VENTURE:BBR) is pleased to report further results from drilling at Hammond Reef, 22 kilometres northeast of Atikokan, Ontario, 170 kilometres west of Thunder Bay. New results from the A Zone feature BR-62 which intercepted 120 metres grading 1.59 g/t Au, including a consistent high grade interval of 40.5 metres averaging 3.14 g/t Au.

Other holes that reported substantial intercepts include: BR-57 with 124.5 m of 1.08 g/t Au, BR-63 with 64.5 m of 1.25 g/t Au, BR-64 with 178.5 m of 1.08 g/t Au, including 114 m of 1.26 g/t, and BR-68 with 175.5 m of 0.98 g/t, including 66 m of 1.47 g/t Au.

Tabulated intervals are down-hole lengths, virtually perpendicular to structure, and are interpreted to be within 10% of true width as determined from cross section. Intervals are calculated using a 0.3 g/t Au cut-off over 6 metres, and are shown in the following table.

These results, combined with recently released holes BR-47 (244.5 m of 1.04 g/t Au), BR-60 (133.5 m of 1.24 g/t and BR-65 (267 m of 1.02 g/t Au), continue to confirm the down dip potential of the A Zone along the entire 800 m strike length of its southern margin, as shown on the plan map on our web site. The results reported here are considered particularly significant for the following reasons:

- The high grade interval in hole BR-62 - 40.5 m of 3.14 g/t Au - is comparable to the previous best intercept of 45 m of 3.07 g/t Au (high grade samples cut to 15 g/t) drilled by a prior operator in the 41 Zone, lying further to the northeast. However, the interval in hole BR-62 is remarkably consistent in gold distribution, with the highest individual 1.5 m sample assaying only 9.03 g/t Au.

- Holes BR-62, 64 and 68 are all located along the northeast extension of the A Zone, between the western shore of Mitta Lake and a swamp, in an area where prior operators never drilled. These results, combined with earlier holes drilled by Brett, as shown on the A Zone map, clearly indicate the potential to increase the A Zone in this area. Additionally, holes BR-60 and BR-64 are located at the edge of the roughly 100 m by 250 m swamp, which has yet to be drilled.

- Drill hole BR-69 was drilled at the far southwest margin of the A Zone near the shore of Marmion Lake. The main zone at depth returned 52.5 m of 1.05 g/t Au, and the aggregate of down hole intercepts, including all hanging wall intervals, totals 120 m at 1.08 g/t Au, indicating that the A Zone is still open to the southwest.

Brett has completed 50 drill holes in the A Zone this year, the results for ten of which are pending. In the mid 1980's, Falconbridge drilled 34 holes in the A Zone; most of these holes were shallow and revealed mineralized thicknesses of 30 to 60 metres. Brett's recent holes have intersected mineralized intercepts often exceeding 100 metres in width, to a maximum 267 metres, with grades better than 1.0 g/t Au. The down dip portion of the A zone has delivered results which indicate greater thickness and better grade than the prior up dip drilling. The A Zone dips to the SE at 25 to 40 degrees, with local steepening or flattening, and the additional drilling by Brett still indicates a favorable geometry for open pit mining. Drilling continues in the A Zone, while an aggressive program of exploration trenching elsewhere on the property is in progress.


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                 From         To     Length         Au
Hole                m          m          m        g/t    Section
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BR-56            87.0      100.5       13.5       1.06      1450E
                111.0      126.0       15.0       1.06
                145.5      171.0       25.5       0.74
                240.0      253.5       13.5       1.05
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BR-57            96.9      112.5       16.5       1.02      1350E
                124.5        132        7.5       1.77
                174.0      298.5      124.5       1.08
 incl.          174.0      240.0       66.0       1.15
 incl.          255.0      298.5       43.5       1.25
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BR-61            10.5         21       10.5       1.32      1250E
                 30.0       36.0        6.0       1.01
                 55.5       61.5        6.0       1.34
                186.0      288.0      102.0       0.81
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BR-62              84        102         18       0.79      1700E
                  138      154.5       16.5       1.80
                183.0      303.0      120.0       1.59
 incl.          249.0      289.5       40.5       3.14
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BR-63            25.5         33        7.5       1.29      1200E
                 88.5       96.0        7.5       1.54
                133.5      163.5       30.0       0.80
                213.0      277.5       64.5       1.25
 incl.          222.0      249.0       27.0       1.90
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BR-64            91.5      270.0      178.5       1.08      1650E
 with            91.5      150.0       58.5       0.83
 and            156.0      270.0      114.0       1.26
 incl.          189.0      220.5       31.5       2.22
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BR-67           147.0      160.5       13.5       0.64      1150E
                169.5      265.0       96.0       0.76
                303.0      322.5       19.5       0.61
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BR-68           141.0      316.5      175.5       0.98      1800E
 incl.          190.5      256.5       66.0       1.47
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BR-69            60.0       73.5       13.5       1.34      1050E
                 94.5      112.5       18.0       2.01
                120.0      150.0       30.0       0.56
                196.5      249.0       52.5       1.05
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Brett is earning a 60% interest in the Hammond Reef property from Kinross Gold Corp. by spending US $5 million on exploration over four years, and issuing one million shares to Kinross over the same period (see News Release of March 1, 2006 for a more complete description of the agreement).

The Hammond Reef deposit, which is open both laterally and to depth, comprises two roughly tabular zones along a northeasterly strike length of 2.5 kilometres, with a 700 metre gap between them. They are approximately 1000 and 800 metres long respectively and are designated the A and 41 Zones. Mineralization occurs as fracture controlled quartz vein stockworks with minor fine pyrite in variably altered, foliated Archaen granitoids and mafic dikes within and adjacent to the northeast trending structure known as the Hammond Reef Schist Zone.

The Company utilizes industry best practices in quality control and quality assurance with insertions of standards, blanks, and duplicates, in addition to the quality assurance and quality control practiced by the assay laboratory. Sample preparation and analysis are conducted principally by ALS Chemex Laboratories with sample preparation in Thunder Bay, Ont. and analyses of pulps in North Vancouver, BC ISO/IEC guideline 17025 accredited facilities. Project Manager responsible for the conduct of work and data acquisition at Hammond Reef is Denis Villeneuve, P.Geol.

The Qualified Person responsible for this news release under the terms of National Instrument 43-101 is Thomas Hasek, P.Eng.

About Brett Resources

Brett Resources Inc. is a Canadian minerals exploration company whose primary mandate is the discovery, acquisition, and development of precious metals systems, with particular expertise in Canada and Latin America. Opportunities in the acquisition of tin and tungsten resources in North America and gold in Ontario have provided diversification to its asset portfolio.

ON BEHALF OF THE BOARD OF DIRECTORS OF BRETT RESOURCES INC.

Thomas Hasek, President & CEO

Cautionary Statements on Forward-Looking Information

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Brett Resources Inc.
    Thomas Hasek
    President
    (604) 488-0008
    (604) 669-2543 (FAX)
    or
    Brett Resources Inc.
    Tony Perri
    Manager, Investor Relations
    (604) 488-0008
    (604) 669-2543 (FAX)
    Email: tperri@brettresources.com
    Website: www.brettresources.com