Bronco Resources Provides Drilling Update
December 4, 2024 - Bronco Resources Corp. (TSX-V:BRON) ("Bronco" or the "Company") is pleased to provide an update to the 2024 drill program at the Company's Placer Mountain project in Southern BC ("Placer Mountain" or the "Property"). Some 965 meters of drilling have been completed to date in 8 diamond drill holes (Figures 1 & 2). The 2024 drilling program is focused on the large 1.5km by 700m Kodiak Zone gold-in-soil anomaly first discovered in 2021. Core samples from the first 3 holes have been sent to SGS Canada Inc. and results will be provided when received and QAQC has been conducted. Highlights:
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965 meters in 8 diamond drill holes have been completed to date.
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Hole KZ-24-09 is currently in progress and is a 200m step out from 2021 drilling (Figures 1 and 2).
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Drilling has been targeting along strike and proximal to the 2021 inaugural drilling and trenching programs (Figures 1 and 2).
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2021 drilling program returned numerous zones of significant gold mineralization in all holes including intervals of 3.0m of 39.20 g/t Au and 80.40 g/t Ag in KZ-21-05 and 1.4m of 46.51 g/t Au and 32.20 g/t Ag in KZ-21-02
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Kodiak Zone consists of a 1.5km by 700m gold-in-soil anomaly with samples from below detection to 18.1 g/t Au-in-soil including 89 samples greater than 50 ppb Au.
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The 2021 drilling program tested only 150m of the 1.5km of gold-in-soil anomaly strike.
Corbin Stewart, CEO, commented "Our drilling and technical crews have been hard at work successfully and safely conducting the 2024 drilling program to date. We are excited to continue to test the large gold-in-soil anomaly Kodiak Zone first discovered in 2021. We continue to test at depth, along strike, and in potential parallel zones from the initial 2021 discovery holes. The 2024 program has now completed more meterage than the inaugural program. The 2021 program was hampered by severe atmospheric weather conditions making drill moves extremely difficult. This year, below freezing weather at night has enabled us to move the drill and locate it on all planned target zones."
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Figure 1 - Kodiak Zone Gold-in-Soil Anomaly with 2024 Holes 1 - 8 Drill Collar Map
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Figure 2 - 2024 Hole 1 - 8 Drill Collar Map
Table 1 - 2021 Kodiak Zone Drilling Highlights1
1 The intervals reported in these tables represent drill intercepts and insufficient data are available at this time to state the true thickness of the mineralized intervals.
Qualified Person
R. Tim Henneberry, P.Geo, technical advisor to the Company, is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the technical data in this report.
About Bronco
Bronco Resources Corp. is a TSX Venture listed Canadian public company with a Board of Directors seasoned in the mineral exploration industry and having extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored gold properties worldwide.
ON BEHALF OF THE BOARD OF DIRECTORS OF BRONCO
"Corbin Stewart"
Corbin Stewart, Chief Executive Officer
For additional information visit Bronco's website at www.broncoresources.com or contact:
Bronco Resources Corp.
Corbin Stewart
Chief Executive Officer
info@broncoresources.com
Disclaimer for Forward-Looking Information
This news release contains statements that constitute "forward-looking Information", as such term is used in applicable Canadian securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
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Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR website at sedarplus.ca
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