Blue River Resources Announces Expanded Surface Gold Anomaly and Exploration Plans for 2016 Banlung Project, Cambodia

VANCOUVER, BC / ACCESSWIRE / May 31, 2016 / Blue River Resources Ltd. (TSXV: BXR ) (OTC Pink: BRVRF) (FSE: 0BL) (“Blue River”) is pleased to announce that the surface gold anomaly on the Banlung Project, Cambodia has been expanded to 4.37 km(2), with a higher gold pan concentrate zone measuring 40 hectares, within the zone.

Today’s announcement follows a previous release of exploration results on the Banlung Project dated October 13, 2015 where ANGKOR Gold Corp. disclosed the discovery of a 2 km(2) surface gold anomaly from sampling 12,500 termite mounds over an 6.8 km x 8.4 km area. Visible gold was panned from 83% of the termite mound samples in the 2 km(2) anomaly area.

A second infill program of systematic soil sampling of 2,420 termite mounds was conducted in late 2015 and has expanded the size of the surface gold anomaly by more than 100%. The surface gold anomaly now covers an area of 4.37 km(2), twice the size of the known anomaly identified in the first survey. The results of the infill survey shows the highest gold pan concentrate results covers an area of 40 hectares. Rounded to angular visible gold grains were found from panning in 64% of the total samples collected in the second survey, leading to the possibility that the source of this gold is within 50 to 500 meters from the surface anomaly. Gold values from auger drilling and surface sampling to date on the Banlung Project range from 1.14 g/ tonne to 3.5 g / tonne.

2016 EXPLORATION PLAN, BANLUNG PROJECT

The 2016 Banlung Exploration Plan calls for auger drilling the 40 hectare high gold pan concentrate surface anomaly with 1200 auger sites and the remainder of the 4 km(2) surface gold anomaly with 1400 auger sites. Samples will be split and panned by Angkor Gold personnel and fire assayed at the ALS lab in Laos. All sample analysis includes a minimum 10% blank, standard and duplicate QA/QC sample checks.

Follow-up exploration will include trenching and pit excavation and 2,000 to 4,000 m of air-core drilling. The exploration plan is designed to delineate a near surface gold resource that can be mined using 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.

ABOUT BLUE RIVER RESOURCES LTD

Blue River Resources Ltd. is a mineral exploration and development company, focused on gold exploration on the Banlung Tenement, Cambodia. The Company also has a 100% interest in two mineral properties in the Quesnel Trough Copper Belt: the Castle Copper Project near the Copper Mountain Mine, Princeton, BC and the Mazama Copper Deposit, Okanogan County, WA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD
BLUE RIVER RESOURCES LTD.
/s/ Griffin Jones
Griffin Jones
President, Director

For further information contact:
Griffin Jones, Tel: (604) 682-7339
www.Blueriv.com

SOURCE: Blue River Resources Ltd. 

ReleaseID: 440571