Otterburn Resources Corp.
TSX VENTURE : OBN

May 16, 2011 10:54 ET

Otterburn Commences Phase 1 Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2011) -Otterburn Resources Corp. (TSX VENTURE:OBN) ("Otterburn" or the "Company") a Vancouver based mineral exploration company, announces the details of its Phase 1 exploration work program on the Adam's Plateau project.

The Adams Plateau property, with an area of 5,099 hectares is an early stage exploration project that has potential for the discovery of high precious metal content, polymetallic VMS type deposits. Four main target areas have been identified on the project based on historic work and work completed by the Company in 2010. These include the Beca / South West Extension area, the AXL-A2 area, the WAD and WAD Extension area and the Elsie - Lucky Coon area.

The Phase 1 work program will follow the recommendations of the author in the independent technical report on the project dated July 30, 2010, authored by George Nicholson P.Geo and entitled "Review of Technical Information and Proposed Exploration Program for the Adams Plateau Property" that is filed under the Company's profile on SEDAR. The work will include infill soil sampling and trenching along known anomalies in the Beca / South West Extension Area, which will extend the soil survey on the project from Beca area along strike for approximately 5 km's to the AXL-A2 area thereby evaluating the Elsie – Lucky Coon and AXL-A2 areas.

Soil surveys in the Beca and Southwest Extension areas have identified several sample sites that exhibit elevated silver, lead, zinc and barite values. Phase 1 fieldwork will involve close spaced sampling and hand trenching of the sites that has previously returned strongly anomalous results. Extending the surveys from the Beca Area to the AXL-A2 Area will determine if there are extensions of the known anomalies.

Previous operators have completed extensive surface trenching, sampling and shallow drilling at the Elsie - Lucky Coon Area and reportedly identified narrow zones of high precious metal content, stratabound mineralization. Exploration work during Stage 1 will consist of compiling the historic drilling information into a GIS database and field verification sampling to determine the significance of the known mineralization.

It is estimated that fieldwork will take 10 to 12 weeks to complete. Results will be announced as they become available.

Carl von Einsiedel, P.Geo, is the qualified person who has, on behalf of the Company, reviewed the geologic information summarized in this news release.

ON BEHALF OF THE BOARD

Brian Lueck, President, CEO and Director

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Otterburn Resources Corp. Statements regarding mineral exploration operations and objectives including but not limited to the Phase 1 work program described above are subject to risk, including, but are not limited to, exploration and geologic risk, inflation and costs of goods and services, property title issues and regulatory approvals. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Otterburn Resources Corp. does not assume the obligation to update any forward-looking statement, except as required by applicable law.

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

  • Otterburn Resources Corp.
    (604) 638-8067
    (604) 648-8105 (FAX)