BITTERROOT RESOURCES INTERSECTS ADDITIONAL NICKEL-COPPER-PGM MINERALIZATION C$1,000,000 NON-BROKERED PRIVATE PLACEMENT Bitterroot Resources Ltd. ( symbol BTT, TSX-V ) has received assays for the third mineralized drill hole ( LM 21-10) of the 2021 winter drilling program at the LM nickel-
BITTERROOT RESOURCES LTD.
Suite 206-B, 1571 Bellevue Avenue,
West Vancouver, BC, V7V 1A6
tel 604 922 1351
www.bitterrootresources.com
NEWS RELEASE
April 27, 2021
BITTERROOT RESOURCES INTERSECTS ADDITIONAL
NICKEL-COPPER-PGM MINERALIZATION
C$1,000,000 NON-BROKERED PRIVATE PLACEMENT
Bitterroot Resources Ltd. ( symbol BTT, TSX-V ) has received assays for the third
mineralized drill hole ( LM 21-10) of the 2021 winter drilling program at the LM nickel-
copper-PGM project in the Upper Peninsula of Michigan. Hole LM 21-10 intersected an
estimated true thickness of 2.3 metres of disseminated and blebby sulphide mineralization,
grading 0.93% nickel and 0.77% copper. A basal 0.18 metre-thick interval of semi-massive
sulphides occurs at the lower contact of the intrusion grades 2.74% nickel and 0.43 %
copper, once again confirming the high metal tenor of the sulphides. The mineralization
occurs mainly as chalcopyrite, pentlandite and pyrrhotite blebs and clasts. Assays of the
mineralized intervals are provided in the table below. A 3-dimensional model of the drill
holes, photos of the mineralized core samples and an updated slide presentation are posted
on www.bitterrootresources.com.
LM 21-10
Est. True
Thickness
(m)
Rock Type Ni
(%)
Cu
(%)
Au + PGM
(ppm)
2.12 Upper Disseminated
Mineralization 0.78 0.80 0.40
0.18 Semi-Massive Sulphide 2.74 0.43 0.37
2.30 TOTAL TRUE THICKNESS (est.) 0.93 0.77 0.39
From
(m)
To
(m)
Core
Interval
(m)
Rock Type Ni
(%)
Cu
(%)
Au + PGM
(ppm)
260.50 262.75 2.25
Upper Disseminated
Mineralization 0.78 0.80 0.40
262.75 262.94 0.19 Semi-Massive Sulphide 2.74 0.43 0.37
Hole LM 21-10 intersected the sulphide-bearing mineralized interval some 50 metres east
of the mineralization intersected in LM 20-01 and 70 metres northeast of the mineralization
intersected hole LM 21-07. All three mineralized intervals occur at approximately the same
elevation, where the keel of the conduit appears to be sub-horizontal.
The final hole of the winter drilling program was hole LM 21-11, which exited the intrusion
approximately 15 metres above the elevation of the mineralized keel. Hole LM 21-09 was
re-entered but crews were not able to advance the hole due to faulting.
Drilling is expected to resume in late May, to test for extensions of the highest-grade
mineralization intersected so far in hole LM 21-07.
Exploration and land acquisition of the LM Project is being funded by Bitterroot Resources
Ltd. (51%) and privately-owned joint venture partner Below Exploration Inc. (49%).
PRIVATE PLACEMENT
Bitterroot Resources Ltd.’s management will conduct a non-brokered private placement
and issue up to 10,000,000 units priced at C$0.10, consisting of one common share and
one half of a common share purchase warrant exercisable at C$0.20 for two years. The
proceeds will be used for drilling at the LM Property, exploration on the Company’s gold
projects in Nevada and for general working capital.
This news release does not constitute an offer or solicitation to sell any of these securities
in the United States. The securities will not be registered under the United States Securities
Act of 1933, as amended (“the US Securities Act”), or under any State securities laws. The
securities may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S Securities Act and applicable State securities laws, or unless an
exemption from such registration is available.
Mr. Glenn W. Scott, CPG, is the Qualified Person responsible for the technical content of
this release. Mr. Nickolas Dudek, P.Geo, of C.J. Greig & Associates Ltd. is the Qualified
Person responsible for the 3-dimensional modelling of the drill hole data.
Quality assurance/Quality control
Bitterroot Resources Ltd. used ALS Canada Ltd. ( “ALS”) for geochemical analyses and
assaying. ALS is a global leader in analytical services. The samples were analyzed at
ALS’s secure, ISO 17025-certified laboratory in North Vancouver, BC, Canada, by 33-
element four acid leach and Fire Assay, both with ICP-AES finish.
Analytical quality assurance and quality control (QA/QC) confirming the accuracy of the
23 analyses were performed by ALS using one standard sample and two blanks.
Core samples were transferred on a daily basis from the drill site to Bitterroot’s secure core
storage and logging facility. After leaving the drill site, core samples were in the custody
of Bitterroot’s personnel or in secure storage. The two (2)-inch (5 cm)-diameter NQ-sized
drill core was cut with a rock saw. Half of the core was shipped to ALS for sample
preparation and analysis and half retained. The samples were tagged, bagged and boxed by
Bitterroot personnel and shipped via courier to ALS in North Vancouver, B.C.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: Certain statements contained in this press release may constitute
forward-looking statements under Canadian securities legislation. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or
variations of such words and phrases or statements that certain actions, events or results “will” occur. This
document contains statements about expected or anticipated future events and/or financial results that are
forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general
economic, market and business conditions, regulatory processes and actions, technical issues, new
legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the
occurrence of unexpected events and the company’s ability to execute and implement its future plans. Actual
events may differ materially from those projected in the forward-looking statements. When relying on
forward-looking statements to make decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and should not place undue reliance on such forward-looking statements. The
Company does not undertake to update any forward-looking statements, except as may be required by
applicable securities laws. For such forward-looking statements, we claim the safe harbour for forward-
looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.