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January 14, 2010 Brett's In-Fill Drilling Continues to Intersect Significant Widths and Grades at Hammond Reef News Release 10-01 Brett Resources Inc. (TSX Venture Exchange -- BBR) is pleased to provide results from drilling completed to the end of 2009 at its Hammond Reef Project in northwestern Ontario. Highlights of recent results include drill holes BR-148 with 196.5 metres of 1.13 grams per tonne Au, BR-153 with 97.5 metres of 2.24 grams per tonne Au and BR-163 with 198.0 metres of 1.02 grams per tonne Au. Patrick Soares, President and CEO comments, "I am pleased that the current in-fill drill program is providing consistently good results that confirm the continuity of the mineralization". Drilling completed to the end of 2009 totaled 29 holes and just over 9,200 metres. Assay results from BR-135 to BR-147 were released on December 8, 2009. The Company has now received the assays for the remaining 16 holes, BR-148 to BR-163. Please see drill plan map on the Company's website. The majority of these newly released results report to the infill program of the A-Zone, with the exception of holes BR-149 and BR-151 which were collared North of Mitta Lake. The diamond drilling completed North of Mitta Lake tested the footwall of the system just east of the A-Zone. The in-fill program has been designed to assist in determining the drill density required to convert the current Inferred Resource to Indicated and Measured. The infill holes will also be used to refine the geological interpretation of the deposit. Summarized below are the best intervals for each of the 16 holes. A complete listing of all the intervals for these holes along with a plan view of the holes can be found on the Company web site at www.brettresources.com. Schematic cross-sections showing mineralization will be added to the web site. Cross Section Hole No. From (m) To (m) Core Length Au (g/t) 1770_E BR-148 117.5 314.0 196.5 1.13 incl 144.5 168.5 24.0 1.85 243.5 287.0 43.5 1.90 1745_E BR-150 80.0 297.5 217.5 1.18 incl 146.0 168.5 22.5 2.40 incl 192.5 237.5 45.0 2.57 1745_E BR-152 86.0 192.5 106.5 0.93 incl 152.0 156.5 4.5 5.64 1695_E BR-153 201.5 299.0 97.5 2.24 incl 263.0 279.5 16.5 6.51 309.5 342.5 33.0 1.03 1720_E BR-154 24.5 78.5 54.0 0.39 102.5 147.5 45.0 0.64 236.0 239.0 3.0 10.23 1695_E BR-155 72.5 156.5 84.0 0.75 167.0 293.0 126.0 1.25 incl 182.0 223.7 41.7 2.12 incl 240.2 254.0 13.8 2.24 1745_E BR-156 72.5 120.5 48.0 1.02 129.5 255.5 126.0 1.42 incl 210.5 228.5 18.0 2.64 1720_E BR-157 36.5 42.5 6.0 2.51 179.0 288.5 109.5 0.73 incl 239.0 257.0 18.0 1.77 1795_E BR-158 75.5 198.5 123.0 0.77 incl 171.5 182.0 10.5 2.32 1770_E BR-159 146.0 179.0 33.0 0.50 188.0 329.0 141.0 0.71 incl 248.0 257.0 9.0 2.00 1845_E BR-160 38.0 134.0 96.0 1.26 incl 99.5 114.5 15.0 3.51 147.5 194.0 46.5 0.73 1745_E BR-161 138.5 318.5 180.0 0.62 1820_E BR-162 150.5 165.5 15.0 1.14 212.0 344.0 132.0 1.31 incl 248.0 258.5 10.5 2.99 incl 299.0 318.5 19.5 2.31 1845_E BR-163 129.5 327.5 198.0 1.02 incl 236.0 252.5 16.5 3.23 Limited drill testing of the footwall was completed with six holes. The assay results of last two of these holes are reported. The objective of drill testing the footwall was for a combination of exploration and engineering planning purposes. The following table shows the footwall exploration holes: Cross Section Hole No. From (m) To (m) Core Length Au (g/t) 2120_E BR-149 15.50 18.50 3.00 0.410 26.00 33.50 7.50 0.411 84.50 89.00 4.50 0.424 206.00 209.00 3.00 0.443 1920_E BR-151 20.00 24.50 4.50 0.397 51.50 75.50 24.00 0.342 87.50 98.00 10.50 0.291 Brett has resumed drilling at Hammond Reef with two diamond drills. One drill will continue to test the A-Zone area and the other will move to the 41-Zone where it will initiate completion of a tightly spaced drill hole layout. This phase of 41-Zone testing will have a similar objective to the A-Zone in-fill program where geological data will be collected to assist in determining the required drill density to upgrade the current Inferred Resource. These holes will also assist in refining the 41-Zone geological model. A third drill diamond will be added to the program before the end of January. This third drill will be operated by Rainy Lake Tribal Contracting ("RLTC"), a well respected and highly experienced local First Nations contractor. Quality Assurance and Quality Control The Company utilizes standard industry practices in quality control and quality assurance with insertion of blind standards, blanks, and duplicates, in addition to the quality assurance and quality control practiced by the assay laboratory. Sample preparation and analysis are conducted by ALS Chemex Laboratories with sample preparation in Thunder Bay, ON, and analyses of pulps in North Vancouver, BC, ISO/IEC guideline 17025 accredited facilities. The geologist and Qualified Person under the terms of National Instrument 43-101 responsible for the verification of work and data acquisition at Hammond Reef is John Zbeetnoff, P. Geo. Assay results used in this news release have some minor out of range control samples, as such, these samples as well as some of their related core samples are currently undergoing analytical rerun analyses for gold at the analytical lab. The assay results for these reruns are expected with in four to six weeks. It is not expected that there will be any noticeable impact on the final length weighted grade calculations. All significant grade changes will be reported in future new releases, minor changes will be posted on the website. The Qualified Person responsible for this news release under the terms of National Instrument 43-101 is Patrick Soares, PGeo. About Brett Resources Inc. 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. Since 2006 Brett's primary focus has been the 100 percent owned Hammond Reef Gold Deposit in Ontario where a C.I.M. Inferred Resource of 6.70 million ounces of gold, 259.4 million tonnes at a grade of 0.8 grams per tonne utilizing a 0.3 gram per tonne gold cut-off has been outlined. The Company will continue to advance this flagship Project. Patrick Soares, President & CEO |
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| aus der Diskussion: | Brett Resources - unterbewerteter Goldexplorer mit großen Chancen |
| Autor (Datum des Eintrages): | jeffjass (23.01.10 18:56:53) |
| Beitrag: | 23 von 31 (ID:38798382) |
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