Bitterroot Resources Ltd. - Update on the LM Nickel-Copper Project, Michigan, USA
Rhea-AI Summary
Bitterroot Resources (BITTF), through Michigan subsidiary Trans Superior Resources and several investors, has purchased the surface estate of the LM nickel-copper property in Michigan’s Upper Peninsula for US$170,000. Trans Superior owns 20% of the new surface-owning entity, Ravine River Properties.
This deal gives Bitterroot and joint venture partner Below Exploration control of the LM Property for mineral exploration, development and hardwood timber. Trans Superior also secured a three-year access/road use permit, easing drill access to the east half of the property. Previous drilling defined a magmatic conduit hosting nickel-copper-PGM mineralization; deeper, untested targets at 400–700 metres are planned for drilling, subject to financing.
Positive
- Acquisition of LM surface estate for US$170,000 securing control for exploration
- Trans Superior holds 20% of Ravine River Properties alongside aligned local investors
- Three-year access/road use permit simplifies drilling on east half of LM Property
- Previous drilling: 7,565 metres in 26 holes with mineralization in 10 holes
Negative
- Planned drilling of 400–700 m LM intrusion is subject to financing
AI-generated analysis. How Rhea-AI works. Not financial advice.
WEST VANCOUVER, BC / ACCESS Newswire / August 11, 2026 / Bitterroot Resources Ltd.'s (TSXV:BTT) Michigan subsidiary Trans Superior Resources, Inc., together with several investors, have purchased the surface estate on the strategically-located LM nickel-copper property in the Upper Peninsula of Michigan. This purchase gives Bitterroot and its minority joint venture partner Below Exploration Inc. control of the LM Property for mineral exploration and development, plus a valuable hardwood timber resource.
Trans Superior owns
In addition, Trans Superior has received a three-year access/road use permit from a local timber company, which will simplify drill access to the east half of the LM Property. In June, Talon Metals Corp. resumed drilling its Roland target, approximately 120 metres east of the LM Property. In late July, Perseverance Metals Inc. initiated its first drilling program on the nearby Voyageur Lands, under option/earn-in from Bitterroot and partner Altius Minerals Corporation. Also in July, as part of the Defence Production Act Title III environmental review process, Trans Superior completed a contractor-led archaeological survey on the 40-acre LM Property and the nearby 80-acre MPC lease. No archaeological resources were identified. Follow-up government-led consultation is underway.
The LM Project is within the Baraga Basin, which hosts the only nickel mine in the USA, Talon's Eagle Mine. The Baraga Basin is highly prospective for discovery of additional high-grade, magmatic conduit-hosted nickel-copper deposits. The LM and Roland targets are believed to be parts of the same magmatic conduit system. Previous drilling by Bitterroot and Below on the LM Property (7,565 metres in 26 core holes, to a depth of 300 metres) has defined a magma conduit that hosts disseminated, semi-massive and/or massive sulphide nickel-copper PGM mineralization of high metal tenor in 10 of 26 holes. Drill intervals and photographs of the mineralization are available at www.bitterrootresources.com. The most prospective and untested part of the LM intrusion is in the 400-700 metres depth range, which will be drill-tested, subject to financing.
Michael Carr, CEO of Bitterroot commented; "The relatively low-cost acquisition of the LM Property's surface estate increases our operational flexibility and extends our drilling season. As we pursue various sources of funding for drilling at LM, we see concurrent potential benefits from Perseverance and Talon's drilling in 2026 and beyond".
Mr. Jeff Rowe, P.Geo, is the Qualified Person responsible for the technical content of this disclosure.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
CEO and Director
Contact: 604 922 1351
infoman@bitterrootresources.com
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SOURCE: Bitterroot Resources Ltd.
View the original press release on ACCESS Newswire