Brett Reports That the New Sawbill North Road Opens
08 Février 2010 - 3:40PM
Marketwired
Brett Resources Inc. (TSX VENTURE: BBR) (the "Company" or "Brett")
is pleased to announce that the Sawbill North road was officially
opened on February 2, 2010. Approximately 26 kilometres in length,
this road provides a shorter link between Brett's mineral
properties in the Hammond Reef Area and the community of Atikokan.
The road will also provide access for other resource related
activities in the area.
The rehabilitation of the Sawbill North road is a collaborative
construction project between the Seine River First Nation, which
contributed $45,000 in training funds, Brett which contributed
$150,000 and the Ministry of Natural Resources which provided
funding of $150,000. The Ministry also provided a bridge for use on
the rehabilitated Sawbill North road. Brett would like to thank the
Town of Atikokan for their assistance in coordinating this
project.
All parties recognize the need to support economic development
in the area for First Nation Communities and the town of Atikokan.
Work on the road provided employment, training and development
opportunities to First Nation community members in the area as well
as employment opportunities to residents of the town of Atikokan.
Rainy Lake Tribal Contracting Ltd. supervised construction and
rehabilitation activities along the road which was completed on
budget and on time.
The official opening
(http://www.tbnewswatch.com/Video/Default.aspx?art_id=18443) of the
road was attended by Chief Earl Klyne, chief of the Seine River
First Nation, Dennis Brown, Mayor of Atikokan, and Bill Mauro, MPP.
Brett President and CEO, Patrick Soares, and Director, Steve Cook,
were also in attendance along with employees of Brett's Atikokan
office.
"Brett is extremely pleased with the collaborative approach
taken by all parties involved with this project. We are looking
forward to this being the first of many future ventures that will
be beneficial to all the stakeholders of the Hammond Reef Project,"
said Patrick Soares, President and CEO of the Company.
Brett is conducting a minimum of 70,000 metres of drilling
during 2010 with the expectation of a sequential program for 2011.
Up to six drills will be operating, one of which will be focused on
completing PQ drilling for metallurgical samples. The Company is
also advancing base line environmental, engineering and
metallurgical studies that are in support of a feasibility
study.
Now that this road is complete, travel time to Hammond Reef from
the town of Atikokan will be reduced to about 45 minutes. Brett has
set up an exploration office, core logging facilities and a
community relations centre in the town of Atikokan and will
continue to pursue a local hiring policy where qualified local
personnel are available.
Ongoing Exploration Activities:
As part of its efforts to satisfy the obligation under Brett's
acquisition agreement with Kinross Gold Corporation to expend $2
million on reviewing, acquiring and testing properties of mutual
interest in British Columbia and the Yukon, In September 2009 Brett
signed a letter agreement (the "Letter Agreement") with Firesteel
Resources Inc. ("Firesteel") pursuant to which Brett would have the
option to acquire, on certain terms set out in the Letter
Agreement, Firesteel's interest in certain mineral claims in
British Columbia referred to as the "ROK Property". The definitive
purchase and sale agreement contemplated by the Letter Agreement
was not entered into and in the intervening period Firesteel has
entered into a letter of intent with a third party for the
acquisition of an interest by that third party in the ROK Property.
Brett has filed a writ of summons against Firesteel for breach of
the Letter Agreement which seeks various remedies including
specific performance of the Letter Agreement or, alternatively,
damages. Brett does not presently consider the ROK Property to be
material to the Company.
About Brett Resources Inc.
Brett Resources Inc. is a Canadian minerals exploration company
whose mandate entails the discovery, acquisition, and development
of precious metals systems, with particular expertise in Canada and
Latin America. Since 2006 Brett's primary focus has been the 100
percent owned Hammond Reef Gold Deposit in Ontario where a C.I.M.
Inferred Resource of 6.70 million ounces of gold, 259.4 million
tonnes at a grade of 0.8 grams per tonne utilizing a 0.3 gram per
tonne gold cut-off has been outlined. The Company will continue to
advance this flagship Project.
Patrick Soares, President & CEO
Neither TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Brett Resources Inc. Tony Perri Manager, Investor
Relations 604-488-0008 (604) 669-2543 (FAX)
tperri@brettresources.com www.brettresources.com Wani Capital Raju
Wani 403-240-0555
Brett Resources (TSXV:BBR)
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