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Brett Intercepts 267 metres of 1.02 g/t Gold at Hammond Reef
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Brett Resources Inc. (TSX Venture Exchange -- BBR) is pleased to report
further results from the summer drilling campaign at its Hammond Reef
Project, 22 kilometres northeast of Atikokan, Ontario, 170 kilometres
west of Thunder Bay.
Drill hole BR-65 intersected 1.02 g/t Au over an interval of 267
metres, including three 6 m zones which fall below the 0.3 g/t Au
cutoff and average 0.19, 0.12 and 0.13 g/t Au respectively (see table
below). Other recent holes returning strong intercepts include BR-54
containing 84 m at 1.08 g/t Au and hole BR-60 with 133.5 m at 1.24 g/t
Au. All tabulated intervals are down-hole lengths and represent
approximate true widths as determined from cross section (true widths
equal at least 95% of core length).
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Hole From To Length Au Section
m m m g/t
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BR-51 124.5 235.5 111.0 0.90 1350E
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incl. 162.0 207.0 45.0 1.38
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BR-53 51.0 85.5 34.5 0.86 1250E
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BR-54 144.0 228.0 84.0 1.08 1450E
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BR-55 63.0 130.5 67.5 0.46 1250E
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incl. 123.0 130.5 7.5 1.45
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BR-58 45.0 114.0 69.0 0.81 1500E
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226.5 279.0 52.5 0.99
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BR-59 169.5 207.0 37.5 0.94 1400E
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217.5 279.0 61.5 0.98
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incl. 259.5 279.0 19.5 1.61
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BR-60 150.0 171.0 21.0 1.07 1550E
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195.0 328.5 133.5 1.24
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BR-65 55.5 322.5 267.0 1.02 1250E
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incl. 55.5 97.5 42.0 0.75
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incl. 103.5 141.0 37.5 1.77
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incl. 147.0 204.0 57.0 0.65
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incl. 210.0 322.5 112.5 1.20
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BR-66 102.0 127.5 25.5 1.39 1750E
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147.0 267.0 120.0 0.93
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The current drill program continues to expand on earlier encouraging
results encountered in the A Zone. The increasing cumulative thickness
of mineralization along the south margin of the A Zone is now being
evaluated with additional stepout drill holes. Seventy seven diamond
drill holes for a total of 20,102 metres have been completed to date
since the start of drilling in October last year.
In order to allow for assaying to catch up, drilling has been reduced
to one machine for the fall period. To expand the target, personnel are
exploring beyond the immediate known zones, including a substantial
trenching program. Drilling with a second lightweight machine on Mitta
Lake and the swamp area west of the lake is planned for the winter
season.
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
(see News Release of March 1, 2006 for a more complete description of
the agreement).
The Hammond Reef deposit, which is open both laterally and to depth,
comprises two roughly tabular zones along a northeasterly strike length
of 2.5 kilometres, with a 700 metre gap between them. They are
approximately 1000 and 800 metres long respectively and are designated
the A and 41 Zones. Mineralization occurs as fracture controlled quartz
vein stockworks with minor fine pyrite in variably altered, foliated
Archaen granitoids and mafic dikes within and adjacent to the northeast
trending structure known as the Hammond Reef Schist Zone.
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
principally by ALS Chemex Laboratories with sample preparation in
Thunder Bay, Ont. and analyses of pulps in North Vancouver, BC, with
minor quantities also being processed at Accurassay Laboratories in
Thunder Bay. Both are ISO/IEC guideline 17025 accredited facilities.
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. Opportunities in the acquisition of tin and tungsten resources
in North America and gold in Ontario have provided 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.
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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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