Bronco Resources Corporate Update and Exploration Plan
301 – 1665 Ellis Street • Kelowna, BC V1Y 7T2
www.broncoresources.com
NEWS RELEASE
Bronco Resources Corporate Update and Exploration Plan
November 21, 2024 TSX-V: BRON
BRONCO RESOURCES CORP. (TSX -V:BRON) ( “Bronco” or the “Company”) is pleased to
announce the following update on the Company’s Placer Mountain project in Southern BC
(“Placer Mountain” or the “Property”). It is nearly three years since the last drill program
at the Placer Mountain Gold Property, but the Company is now financed and has secured all
necessary approvals for a new 5 -year area-based exploration permit which will allow th e
Company to restart exploration. Work will be focused on diamond drilling to follow up on the
Kodiak Zone discovery made in late 2021 with intercepts in KZ-21-05 of 3 meters of 39.20
g/t Au & 80.4 g/t Ag (see Table 1)1.
Placer Mountain Property Highlights:
• 14,445-hectare land package containing numerous high potential exploration targets
including the Kodiak Zone and Main Vein which have been successfully tested with
limited diamond drilling.
• Kodiak Zone is a 1.5km long, high tenor gold-in-soil anomaly with logging road access
recently discovered in 2021 by the Company.
• Limited drilling in 2020 and 2021, totalling 2,428 meters, found gold mineralization in
all holes.
• Inaugural drill program on the Kodiak Zone discovered high grade intervals of 3.0m of
39.20 g/t Au and 80.40 g/t Ag in KZ-21-05 and 1.4m of 46.51 g/t Au and 32.2 g/t Ag
in KZ-21-02 (see Table 1) 1.
• Drilling in 2020 and 2021 on the Main Vein encountered high grade intervals of 1.0m
of 48.60 g/t Au and 30.80 g/t Ag in PG -20-001 and 1.5m of 34.12 g/t Au and 87.70
g/t Ag in MV-21-06 (see Table 2) 1.
1 The intervals reported in these tables represent drill intercepts and insufficient data are available at this time to state t he true
thickness of the mineralized intervals.
2 This news release contains information about adjacent properties on which Bronco does not have the right to explore or mine.
Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s
properties.
301 – 1665 Ellis Street • Kelowna, BC V1Y 7T2
www.broncoresources.com
Table 1 – 2021 Kodiak Zone Drill Highlights1
Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t)
KZ-21-01 22.1 23.4 1.3 31.80 47.3
AND 82.3 82.6 0.3 3.30 7.7
AND 91.7 93.0 1.3 3.21 8.9
KZ-21-02 39.6 40.9 1.4 46.51 32.2
AND 47.3 47.6 0.4 1.04 3.1
KZ-21-03 32.3 32.6 0.3 0.53 2.1
KZ-21-04 35.7 36.0 0.3 1.46 5.9
KZ-21-05 27.0 30.5 3.0 39.20 80.4
incl. 28.0 29.0 1.0 87.50 169.0
KZ-21-06 21.0 22.1 1.1 0.96 8.4
KZ-21-07 64.7 65.0 0.3 1.11 2.3
KZ-21-08 45.4 45.8 0.4 17.40 77.5
AND 84.1 122.1 38.0 0.28 0.9
AND 139.4 150.3 10.9 0.23 0.8
301 – 1665 Ellis Street • Kelowna, BC V1Y 7T2
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Table 2 – 2020 & 2021 Main Vein Drill Highlights1
The Placer Mountain Property is in south central British Columbia in a mineral district of
numerous past and current producing mines and advanced exploration projects (Figure 1).
The Placer Mountain Property is located 15km to the south of the HudBay Minerals producing
Copper Mountain Mine and Mill and 30km south of Princeton, British Columbia (Figure 2) 2.
The area has a long history of mining and services to compliment exploration operations. The
Property is located off Highway 3 and has a network of logging roads throughout the Property.
Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t)
PG-20-001 15.0 16.0 1.0 48.60 30.8
PG-20-003 57.0 61.5 4.5 2.60 25.9
PG-20-004 15.5 17.8 2.3 1.72 13.2
PG-20-005 29.0 33.0 4.0 7.07 101.0
PG-20-006 73.6 75.5 1.9 3.92 16.1
PG-20-007 17.0 18.0 1.0 2.12 14.6
PG-20-009 52.7 58.4 5.7 1.32 26.7
MV-21-01 36.3 38.0 1.8 3.67 34.1
And 62.5 63.0 0.5 3.12 11.4
And 92.0 92.5 0.5 1.82 9.0
And 162.0 162.5 0.5 1.93 9.4
MV-21-02 48.5 49.4 0.9 19.80 83.0
And 58.9 63.0 4.1 1.93 15.9
MV-21-03 6.2 9.0 2.9 0.40 2.2
MV-21-04 16.5 2.1 4.0 0.49 11.4
MV-21-05 12.0 14.5 2.5 0.27 36.4
MV-21-06 62.8 64.3 1.5 34.12 87.7
MV-21-07 86.8 87.3 0.5 8.92 28.5
AND 106.9 107.4 0.5 1.81 17.9
MV-21-08 86.2 86.5 0.3 3.69 33.6
AND 88.0 89.3 1.3 1.36 4.5
MV-21-09 76.4 77.0 0.6 3.29 3.6
301 – 1665 Ellis Street • Kelowna, BC V1Y 7T2
www.broncoresources.com
Figure 1 – South Central British Columbia Mineral District
301 – 1665 Ellis Street • Kelowna, BC V1Y 7T2
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Figure 2 – Placer Mountain Property Overview
301 – 1665 Ellis Street • Kelowna, BC V1Y 7T2
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Placer Mountain was first discovered in 2019 through prospecting and trenching of the Main
Vein. The inaugural drill ing on the Main Vein at Placer Mountain took place in 2020 and
consisted of 533 meters. The 2020 program was successful in delineating the Main Vein with
PG-20-001 grading 1.0 meter of 48.60 g/t Au and 30.8 g/t Ag (see Table 2) 1. This near
surface discovery hole exemplified the relatively untouched exploration potential of the Placer
Mountain Property.
In 2021 the Company conducted a large prospecting, geochemical sampling, and trenching
program discovering the Kodiak Zone approximately 2.5km northeast of the Main Vein (Figure
3). Soil sampling on the Kodiak Zone outlined a 1.5km in strike by 750 meters gold-in-soil
anomaly with values ranging from below detection to 18.1 g/t Au-in-soil, including 89 samples
above 50 ppb (Figure 4). Follow up trenching highlighted intervals of 44.50 meters of 0.70
g/t Au in TR -03 and 8.00 meters of 2.56 g/t Au in TR -01 demonstrating the bulk tonnage
potential of the Kodiak Zone . In 2021, 1,895m was drilled between the Kodiak Zone and
Main Vein. Drilling at the Kodiak Zone was severely impacted by atmospheric and large
storms causing significant delays and difficulties in operating the drill program. With limited
ability to move and position the drill the company was still able to intersect at the Kodiak
Zone discovered intercepts of 3 meters of 39.20 g/t Au and 80.40 g/t Ag in KZ-21-05 and 1.4
meters of 46.51 g/t Au and 32.2 g/t Ag in KZ -21-02 (see Table 1) 1. In effect only a small
portion of the Kodiak Zone 1.5km Au-in-soil anomaly has been drilled to date.
Bronco Resources is currently finalizing exploration plans and expects to be drilling by the end
of November 2024.
301 – 1665 Ellis Street • Kelowna, BC V1Y 7T2
www.broncoresources.com
Figure 3 – Kodiak Zone & Main Vein Au-in-Soil Geochemistry
301 – 1665 Ellis Street • Kelowna, BC V1Y 7T2
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Figure 4 – Kodiak Zone 1.5km Au-in-Soil Anomaly & 2021 Drilling
CEO Comment
Corbin Stewart, CEO, commented “We are very excited to start the next stage of exploration
on the Placer Mountain Property. We will continue to build on the exploration successes since
the first discovery of the Main Vein in 2019. Placer Mountain is a unique property with the
combination of excellent access and essentially no historical exploration. Bronco will focus on
spending exploration dollars on drilling and boots on the ground exploration to continue to
advance the Placer Mountain Property. The 2024 will focus on testing the high-grade Kodiak
Zone with only 120 meters of the 1.5km gold-in-soil anomaly tested.”