Original News Release
Bitterroot buys surface estate on LM property
Mr. Michael Carr reports
BITTERROOT RESOURCES' UPDATE ON THE LM NICKEL-COPPER PROJECT, MICHIGAN
Bitterroot Resources Ltd.'s Michigan subsidiary Trans Superior Resources Inc., together with several investors, has purchased the surface estate on the strategically located LM nickel-copper property in the Upper Peninsula of Michigan. This purchase gives Bitterroot and its minority joint venture partner Below Exploration Inc. control of the LM property for mineral exploration and development, plus a valuable hardwood timber resource.
Trans Superior owns 20 per cent of the new LM property surface owner, Ravine River Properties LLC, with the rest held by four Michigan-based investors whose interests are similarly aligned, through their equity interests in Bitterroot and/or Below Exploration. The purchase price was $170,000 (U.S.).
In addition, Trans Superior has received a three-year access/road use permit from a local timber company, which will simplify drill access to the east half of the LM property. In June, Talon Metals Corp. resumed drilling its Roland target, approximately 120 metres east of the LM property. In late July, Perseverance Metals Inc. initiated its first drilling program on the nearby Voyageur Lands, under option/earn-in from Bitterroot and partner Altius Minerals Corp. Also in July, as part of the Defence Production Act Title III environmental review process, Trans Superior completed a contractor-led archeological survey on the 40-acre LM property and the nearby 80-acre MPC lease. No archeological resources were identified. Follow-up government-led consultation is under way.
The LM project is within the Baraga basin, which hosts the only nickel mine in the United States, Talon's Eagle mine. The Baraga basin is highly prospective for discovery of additional high-grade, magmatic conduit-hosted nickel-copper deposits. The LM and Roland targets are believed to be parts of the same magmatic conduit system. Previous drilling by Bitterroot and Below on the LM property (7,565 metres in 26 core holes, to a depth of 300 metres) has defined a magma conduit that hosts disseminated, semi-massive and/or massive sulphide nickel-copper platinum group metal mineralization of high metal tenor in 10 of 26 holes. Drill intervals and photographs of the mineralization are available at the Bitterroot website. The most prospective and untested part of the LM intrusion is in the 400- to 700-metre depth range, which will be drill-tested, subject to financing.
Michael Carr, chief executive officer of Bitterroot, commented: "The relatively low-cost acquisition of the LM property's surface estate increases our operational flexibility and extends our drilling season. As we pursue various sources of funding for drilling at LM, we see concurrent potential benefits from Perseverance and Talon's drilling in 2026 and beyond."
Jeff Rowe, PGeo, is the qualified person responsible for the technical content of this disclosure.
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