As of the date of this report, Mr. Martin has approximately 24.55 million common shares of the company, representing approximately 12.8 per cent of the common shares of the company, plus 6.05 million warrants. If the warrants were exercised by Mr. Martin, the total shares held by Mr. Martin would be 30.6 million or 15.4 per cent of the issued and outstanding shares of the company.
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2018) - Blue River Resources Ltd . (TSXV: BXR ) (OTC Pink: BRVRF ) (FSE: 0BL) (the "Company") announces that it has received a 43-101 report on its 100% owned Castle Copper Project located near Princeton BC .
The report was written by Mr. Sean Butler, P. Geo ., and recommends a two phased exploration program consisting of IP geophysics and soil geochemistry in phase 1 and contingent on positive results in Phase 1, 2000 meters of NQ diamond drilling in Phase 2.
The area of interest that the exploration program will focus on is the Christian Creek zone where hole no. BXR 11-9 returned 198 meters of 0.04 % copper from 30 meters to 228 meters.
Several companies are exploring this region for porphyry copper deposits from Copper Mountain Mining and Sego Resources to the south, to Antofagasta Minerals to the north and Kaizen Resources in Aspen Grove BC .
The Company is reviewing additional opportunities in the resource sector as well as the non-resource sector.
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.
So far I have not observed any dilution and the company does not currently have any dilutive convertibles or aggressive debt. The company is clean and continues to be accumulated in anticipation of further updates which some have said could be very substantial.
This is a Long term hold for me, around 2 years. I anticipate a PPS of $10 by then given the current Share Structure.