Bridgeport Ventures Inc.

Bridgeport Ventures Inc.

October 07, 2010 13:11 ET

Bridgeport Ventures Inc. Reports Assay Results

TORONTO, ONTARIO--(Marketwire - Oct. 7, 2010) - Bridgeport Ventures Inc. (TSX:BPV) ("Bridgeport") resumed drilling the Rosario project on July 10, 2010 and completed two further holes totalling 400 metres, bringing the total meterage drilled on the project to date to 2,783 metres. The best assay results from the core samples on these two holes were obtained from 2 metres to 28 metres in Hole 11, which returned 0.39% Cu over 26 metres. Hole 11 was drilled 225 metres west-southwest of Hole 10, which returned 0.74% Cu over 46 metres.

Complete results from the drill program are available at the company's website

The Hole 11 result, together with the four intercepts reported in Bridgeport's news release, dated July 28, 2010, demonstrate widespread dissemination of ore grade and near ore grade mineralisation over significant widths on the Rosario properties. However, the controls to the mineralisation are unclear.

To assist the location of future drill holes, a geophysical survey is planned to better define the orientation of the zones of mineralisation. A Copiapo based geophysical contractor has submitted a proposal to Bridgeport to undertake a 20 line km IP and Mag survey on the properties.

Before proceeding with the geophysical survey, Bridgeport has notified certain of the Rosario property owners that a six month deferral of the property payments due in November, 2010 would be required prior to such a programme being undertaken. A response to this condition is expected in early November from the property owners.

Potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource on the Rosario project to date and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

About Bridgeport Ventures

Bridgeport Ventures (TSX:BPV) is a Canadian mineral exploration company with operations in Latin America. Its strong technical team with local experience has a solid record of discovery and a proven history of mining success. Additional information on Bridgeport Ventures can be found at:

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Bridgeport, including, but not limited the impact of general economic conditions, industry conditions, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, exploration risk and the possibility that Bridgeport will not be able to negotiate a deferral in certain of the payments due under existing contracts in respect of the Rosario property. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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