Blue River is actively drilling their Okalla West Gold project which is located in the Banlung exploration district of Cambodia.
News last week showed assays grading as high as 2.45 gr/t gold from over 700 auger holes drilled to date. A total of 1200 drill holes are planned with additional trenching and RAB drilling also planned to further define the project area. Potential gold grade so far could be upwards of 800,000 ounces with shallow depths of only 6-7 meters.
Although there was selling pressure on the stock for a few days during the week, the stock closed off just 1 cent ending the week at 6 cents. Investors need to keep in mind that this is an alluvial gold play and NOT a hard rock play. Gold grades of 2+ gr/t Au are extremely positive for an alluvial operation as 2 tons of pay material equals roughly 3/4 - 1 cubic yard depending on density. With $1,200 gold today, that equates to $40 per gram and in turn $70 - $80 per ton of material approx. Modern sluicing methods today can easily see the processing of 100 yards per hour or 200 tons per hour. If you are going to mine, alluvial mining is by far the most efficient method and also offers a much lower CAPEX.
DRILLING PROGRAM COMMENCED ON THE OKALLA WEST GOLD ANOMALY ON
THE BANLUNG PROJECT, CAMBODIA
VANCOUVER, BC, (June 28, 2016): Blue River Resources Ltd. (TSXV: BXR ) (OTC: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.
DRILLING PROGRAM COMMENCED ON THE OKALLA WEST GOLD ANOMALY ON
THE BANLUNG PROJECT, CAMBODIA
VANCOUVER, BC, (June 28, 2016): Blue River Resources Ltd. (TSXV: BXR ) (OTC: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.DRILLING PROGRAM COMMENCED ON THE OKALLA WEST GOLD ANOMALY ON
THE BANLUNG PROJECT, CAMBODIA
VANCOUVER, BC, (June 28, 2016): Blue River Resources Ltd. (TSXV: BXR ) (OTC: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.DRILLING PROGRAM COMMENCED ON THE OKALLA WEST GOLD ANOMALY ON
THE BANLUNG PROJECT, CAMBODIA
VANCOUVER, BC, (June 28, 2016): Blue River Resources Ltd. (TSXV: BXR ) (OTC: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.
http://www.blueriv.com http://stockcharts.com/h-sc/ui?s=BXR.V Blue River Resources Ltd. TSX VENTURE: BXR or OTC: BRVRF announces that it has received an approved Notice of Work with respect to a 2012 diamond drilling program at the 100% owned Highland Valley North Project from the BC Ministry of Mines.
With this permit now issued, the Company has mobilized the diamond drill from the Castle Copper Project to the Highland Valley North Project and commenced diamond drilling to take advantage of the remainder of the fall season on the higher elevation Highland Valley North Project. Diamond drilling on the Company’s 100% owned Castle Copper Project near Princeton, BC, will resume immediately after completion of the drill program on the Highland North Project
The 2012 Highland Valley North diamond drill program is planned for 1,500 meters (5,000 feet) and is targeting a 1,600 meter long by 200 meters wide resistivity anomaly identified from a 2011 Induced Polarization (“I.P.”) geophysical survey as well as a series of historical trenches enriched in oxide copper mineralization. The first samples from this drilling project are scheduled to be submitted for analysis by week’s end and assay results will be released as they are received.