Tuesday, November 15, 2016 3:04:34 PM
VANCOUVER, BC, (November 9, 2016): Blue River Resources Ltd. (TSXV: BXR )
(OTC:BRVRF) (Frankfurt:0BL) (“Blue River”) is pleased to announce the Phase 1 auger
program assay results from the Okalla West zone, Blue River Resources joint venture prospect
with Angkor Gold Corp. (TSX.V: ANK)
The lab results from the augured holes confirmed the surface geochemistry, termite mound,
pan-concentrate gold anomaly previously identified in Okalla West. The gold grades in the
assays, indicate an increase from the surface to the bottom of the holes, ranging from 0.01 to
2.45 g/t. The completed portion of the auger program, represents only 0.67 km2 of the 4 km2
surface gold anomaly area currently being explored.
The hydrothermal gold signature in Okalla West is significant, as it geochemically connects the
previously drilled Okalla prospect to Okalla West, potentially, regionally linking the source for
both prospects to the Okan Fault, opening up further gold exploration potential within the
Banlung Tenement and locally within the region.
“These auger results demonstrate the potential in the Okalla West prospect,” commented JP
Dau, VP of Operations for Angkor. He continued, “It is encouraging to see that the gold assay
results validate the visible gold seen in the large surface gold anomaly originally identified in the
2015 termite soil program. This exploration plan was designed to investigate the potential of a
near surface gold resource and we are pleased with the results to date.”
The auger assay results indicate that the gold present in Okalla West has a hydrothermal
source geochemical signature. In areas of higher gold concentrations, there is a good
correlation with areas of local elevation, pH acidic soils, and coincident anomalous copper, lead,
zinc, bismuth and arsenic within the Okalla West prospect area.
“Operating through the rainy season and dealing with high water tables, bedrock was contacted
with only a few of the holes augered. We have minimal data of the material past 4
meters,” states Jonathan Soper, P.Eng. Chairman of the Advisory Board for Blue River
Resources, “With the grade of the gold increasing with depth there is potential for another zone
below the gold near surface.”
The auger program on the Okalla West prospect completed to date, consists of 705 holes
completed out of the 1208 proposed, with a maximum auger depth of 6.6 meters. 116 holes
were selected for fire assay gold and multi-element analysis, totaling 235 samples, in addition to
22 certified reference material standard inserts and blanks for QA/QC analysis.
The next steps in the exploration program are to test the overlapping surface geochemistry and
auger anomalous gold areas with trenching and mechanical drilling, such as Reverse Air Blast,
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