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Re: News Release - Monday, February 26, 2007
Brett's 2007 Drilling at Hammond Reef Confirming Potential to
Expand Resource
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Brett Resources Inc. (TSX Venture Exchange -- BBR) is pleased to report
the results from initial 2007 drilling at the Hammond Reef Project near
Atikokan, Ontario. In-fill and extension drilling at 50 m spacing of
the previously outlined A Zone and 41 Zone is providing encouraging
results, proving good continuity from section to section and down dip
in these broad, shallow dipping, gold mineralized zones. Brett is
earning a 60% interest in the Hammond Reef property from Kinross Gold
Corp. by spending US $5 million on exploration over four years and
issuing one million shares to Kinross over the same period. After
Brett vests, Kinross will have a one time opportunity to back in for
60% of the Project by spending the next US $5 Million (see News Release
of March 1, 2006 for a more complete description of the agreement).
http://www.brettresources.com/i/misc/nrfeb26-07.jpg
Results have been received for the first 8 holes, BR-12 to BR-19, from
the winter drilling program initiated in mid-January 2007. Drilling is
now progressing on both the A zone and the 41 zone with two rigs fully
operational. Highlights of these initial holes include 84 metres of
1.05 g/t gold and 43.5 metres of 1.37 g/t gold in the A zone, and 27
metres of 1.39 g/t gold and 43.5 metres of 1.23 g/t gold in the 41
zone. The significant intervals (above a 0.3 g/t Au cut-off) are
summarized in the table above.
These results are the first holes from a planned 2007 drill program of
70 holes totaling 15,000 metres. The program is designed to provide
sufficient drill density to complete a NI 43-101 conformable resource
calculation, as well as to increase the resource base substantially in
order to evaluate the potential for a large low grade open pit gold
deposit.
A series of holes have commenced on Mitta Lake to define the eastern
portion of the A Zone, and to investigate the Mitta Gap, located
between the A zone and the 41 Zone. A total of 11 holes are planned on
the lake this winter.
The Company utilizes industry best practices in quality control and
quality assurance with insertions of standards, blanks, and duplicates,
in addition to the quality assurance and quality control practiced by
the assay laboratory. Sample preparation and analysis are conducted by
Accurassay Laboratories of Thunder Bay, Ont., an ISO/IEC guideline
17025 accredited facility. Project Manager responsible for the conduct
of work and data acquisition at Hammond Reef is Denis Villeneuve,
P.Geol.
The Qualified Person responsible for this news release under the terms
of National Instrument 43-101 is Thomas Hasek, P.Eng.
About Brett Resources
Brett Resources Inc. is a Canadian minerals exploration company whose
primary mandate is the discovery, acquisition, and development of
precious metals systems, with particular expertise in Canada and Latin
America. Recent opportunities in the acquisition of tin and tungsten
resources in North America and gold in Ontario are providing
diversification to its asset portfolio.
ON BEHALF OF THE BOARD OF DIRECTORS OF
BRETT RESOURCES INC.
"Thomas Hasek"
Thomas Hasek, President & CEO
Cautionary Statements on Forward-Looking Information.
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from
the Company's expectations. Certain risk factors may also affect the
actual results achieved by the Company. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.
View News Release in PDF Format:
Associated File:
http://www.brettresources.com/i/pdf/nrfeb26-07.pdf
14 KB in size, approx. 4 seconds to download at 56.6Kbps
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Copyright (c) 2007 BRETT RESOURCES INC. (BBR) All rights reserved.
For more information visit our website at
http://www.brettresources.com/ or send mailto:info@brettresources.com
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