Blue River Resources Ltd.: Drilling Program Commenced on the Okalla West Gold Anomaly on the Banlung Gold Project, Cambodia
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2016) - Blue River Resources Ltd. (TSXV: BXR) (OTC Pink: BRVRF) (Frankfurt: 0BL) ("Blue River") is pleased to announce that a shallow drilling program has commenced on the Okalla West gold anomaly in Banlung, Cambodia, with Angkor Gold Corp. The exploration target is a shallow gold anomaly measuring approximately 4 square kilometers. Initial drilling is focused on a 40 hectare area where previous sampling revealed a high concentration of gold occurrences.
250 shallow drill holes have been completed to date, of a total of 1200 holes to be drilled. The drill samples will be submitted to ALSs and results will be reported when received.
Samples will be logged by the Angkor Gold team and splits will be fire assayed for gold by ALS, which includes a minimum 10% blank, standard and duplicate QA/QC sample checks.
The exploration plan is designed to delineate a near surface, gold resource located in saprolite / laterite, within 7 meters from surface. Initial tests conducted by Angkor Gold indicate that the gold mineralization can be recovered using low-cost gravity separation.
Technical information contained in this news release was reviewed by Jonathan Soper, P. Eng., a qualified person as defined under National Instrument 43-101. Mr Soper has reviewed and approved the scientific and technical disclosure in this news release.
Blue River initially has the right to participate in up to a 50% interest of the Banlung license from Angkor Gold Corp., after the completion of a total investment of US$3.5 million in exploration expenditures over a 4-year period. Blue River may then exercise their option on an additional 20% interest of the Banlung tenement through the commission and completion of a bankable feasibility study on the property or portion thereof.
To view an enhanced version of Figure 1, please visit:
O — 250 Completed Auger Holes
ABOUT BLUE RIVER RESOURCES LTD
Blue River Resources Ltd. is a mineral exploration and development company, focused on gold exploration on the 150 km2 Banlung Tenement, Cambodia. The Company also has a 100% interest in two mineral properties in the Quesnel Trough Copper Belt: the Castle Copper Project near the Copper Mountain Mine, Princeton, BC and the Mazama Copper Deposit, Okanogan County, WA.
Neither 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.
ON BEHALF OF THE BOARD
BLUE RIVER RESOURCES LTD.
/s/ Griffin Jones
For further information contact:
Griffin Jones, Tel: (604) 682-7339