Bitterroot Resources Ltd. reports exploration and corporate developments for a mineral project portfolio focused on precious and battery metals in Nevada and Michigan. Company updates include work at the Nighthawk Gold/Silver Project in Nevada's Walker Lane district, the Coyote Sinter epithermal gold/silver project in Elko County, and Michigan nickel-copper-PGM properties including LM and Voyageur.
Recurring news themes include drill permits, drilling programs, geophysical targets, claim staking, project option agreements, mineralized intercepts, subsidiary activity, capital-structure disclosure, governance matters, and operating and financial results.
Bitterroot Resources Ltd. provides an update on its precious metals exploration in Nevada while progressing on magmatic nickel/copper drilling in Michigan. The Coyote Sinter claims in Elko County have identified promising drilling targets through a CSAMT survey, leading to plans for drilling in late 2022. The Castle claims in Esmeralda County, known for low-grade mineralization, will test for high-grade gold/silver at depth. Both projects have BLM approval for multiple drill sites, contingent on financing and equipment availability.
Bitterroot Resources Ltd. is set to resume drilling at its LM nickel-copper property in Michigan during the week of January 10, 2022. The focus will be on the southeast quadrant of the LM intrusion, targeting depths below 250 metres. The first hole, LM 22-22, is being drilled near previous high-grade intersections, including 0.75 metres grading 5.16% nickel and 1.18% copper. Bitterroot holds a 51% stake in the project, funded alongside its partner Below Exploration Inc. for further exploration.
Bitterroot Resources Ltd. has reported assay results for drill holes LM 21-13 and LM 21-14 from its LM Project in Michigan, confirming significant nickel and copper mineralization. Hole LM 21-13 revealed 2.68m of upper disseminated mineralization with nickel grades up to 0.33%. In contrast, LM 21-14 showed lesser results, with no significant mineralization found. The ongoing drilling aims to enhance understanding of the mineralization's orientation, with additional holes planned before winter. The project is funded by Bitterroot (51%) and Below Exploration (49%).
Bitterroot Resources Ltd. has reported significant findings from its drilling program at the LM nickel-copper-PGM project in Michigan, with hole LM 21-10 revealing 2.3 meters of sulphide mineralization, including 0.93% nickel and 0.77% copper. The results suggest a continuation of high-grade mineralization in the area. A non-brokered private placement of up to 10 million units at C$0.10 is planned, with proceeds aimed at further drilling and exploration activities. The drilling program is set to resume in late May.
Bitterroot Resources Ltd. (OTC PINK: BITTF) announced a significant discovery at its LM nickel-copper-PGM project in Michigan, with drill hole LM 21-10 intersecting 2.1 meters of mineralization. The mineralization includes chalcopyrite, pentlandite, and pyrrhotite, with assay results expected in 8-10 weeks. Additionally, the company has expanded its property through a Memorandum of Understanding that allows for the purchase of 280 acres, facilitating further exploration. This acquisition is partially funded by Bitterroot (51%) and Below Exploration (49%).
Bitterroot Resources Ltd. has entered a minerals lease and purchase option with a privately-held corporation for 80 acres at the LM Project in Michigan's Upper Peninsula. This area hosts magnetic targets and is adjacent to ongoing drilling for nickel-copper sulphides. The agreement involves a total payment of US$15,000 and issuance of 300,000 common shares over three years. Additionally, the lease allows for escalating rental payments and the option to purchase mineral rights at specified prices. The exploration is funded by Bitterroot (51%) and Below Exploration Inc. (49%).
Bitterroot Resources Ltd. has announced a non-brokered private placement of up to 12,000,000 units priced at $0.06 per unit, aiming for gross proceeds of up to $720,000. Each unit consists of one common share and half a common share purchase warrant, exercisable at $0.12 for two years. The funds will be allocated for follow-up drilling on the LM Property, pre-drilling permitting, and other projects in Nevada. This offering is pending approval from the TSX Venture Exchange and is restricted from US distribution.
Bitterroot Resources Ltd. (TSXV:BTT) has completed 1,411 meters of drilling across four core holes at its LM Property in Michigan, targeting conduit-hosted nickel-copper-PGM mineralization. Significant findings include a 5.3-meter mineralized interval with notable nickel/copper/PGM content. The exploration aims to assess the potential for massive mineralization, as historical successes in similar regions suggest. Following data analysis, further drilling is planned post-Fall hunting season, with Below Exploration funding $285,000 towards the project.