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February 28, 2025 TSX-V: BRON
BRONCO RESOURCES CORP. (TSX-V:BRON) (“Bronco” or the “Company”) is pleased to announce the expansion of high grade mineralization at the Company’s Placer Mountain project in Southern BC (“Placer Mountain” or the “Property”). Drilling expanded high grade gold mineralization at the Kodiak Zone by 200m along and 200m parallel to strike (Figures 1 & 2). The Kodiak Zone now has a drilled mineralized footprint of 330 by 300 metres. KZ-24-10 intersected 16.05m of 2.21 g/t Au including 2.85m of 10.55 g/t Au1. In total some 1,236 meters of drilling were completed in 10 diamond drill holes and every hole hit significant gold mineralization (Table 1 & 2). The 2024 drilling was all within the large 1.5km by 800m Kodiak Zone gold-in-soil anomaly first discovered in 2021.
Highlights:
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Key Intersetions:
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Hole KZ-24-08 - 0.80m of 36.40 g/t gold
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Hole KZ-24-10 - 16.05m of 2.21 g/t gold, including 2.85m of 10.55 g/t gold
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Hole KZ-24-09 - 13.10m of 2.28 g/t gold and 1.20m of 14.60 g/t gold1
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Hole KZ-24-04 - 22.20m of 0.79 g/t gold
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Hole KZ-24-05 - 18.30m of 0.83 g/t gold
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The strike of the Kodiak Zone is now 330m, expanded by 200m, to the south west with near surface high grade gold mineralization encountered in step out holes KZ-24-08, KZ-24-09, and KZ-24-10 (Table 1, Figure 1 2).
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Mineralization at the Kodiak Zone has only been tested to a true depth of 100m leaving the system wide open at depth.
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Parallel high grade gold vein systems were encountered in 4 holes (KZ-24-04, KZ-24-05, KZ-24-06, KZ-24-07) and 200 metres to the south east of the main Kodiak Zone (Table 1).
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All 18 holes and 1,962m drilled in 2024 and 2021 encountered gold mineralization within the Kodiak Zone.
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Drilling has only loosely tested ~20% of strike within the Kodiak Zone 1.5km by 800m gold-in-soil anomaly.
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Note: all intersections are down hole widths as true width remains unknown at this time.
Corbin Stewart, CEO, commented “The winter 2024 drilling program was very encouraging as we were able to confirm and significantly expand the size of the Kodiak Zone. We were able build on the consistency and repeatability of high tenor gold mineralization with a limited amount of drilling. In a testament to our team and contractors, all holes drilled so far in the Kodiak Zone have encountered strong gold mineralization within multiple mineralized systems. Our largest step out to date, KZ-24-09, which was a 200m step out, contained multiple high grade mineralized zones corresponding to anomalous gold-in-soil. Drilling has barely scratched the surface on the 1.5km by 800m gold-in-soil anomaly and we are excited about the ongoing potential in the Kodiak Zone. The Kodiak Zone is just one of 8 gold-in-soil anomalies, including the Main Vein, hosted at Placer Mountain.
We are currently using the new data to update our geological model to optimize future drilling on the Kodiak Zone. The property has excellent infrastructure with logging roads and can be worked year round making it a prime candidate for a large, low cost, grid based drilling project. In addition to infrastructure, the proximity to Princeton, BC, a full service mining town, is extremely helpful for advancing the project going forward. The company plans to continue to focus on drilling the Kodiak Zone as well as using our past success with geochemical sampling to further explore the Placer Mountain property.”
2025 Exploration Planning
The company is currently planning a larger methodical grid drilling program to continue to test the the large Kodiak Zone gold-in-soil anomaly. Planned drilling will continue to test the Kodiak Zone along strike as well as potential parallel zones utilizing the strong correlation between drill results and overlaying of gold-in-soil geochemistry and in-situ bedrock mineralization. The Kodiak Zone is an ideal candidate for a large-scale low cost grid based drilling program due to the network of well maintained logging roads and limited tree cover.
Geochemical and prospecting field program planning is underway to better define 6 of the 8 gold-in-soil anomalies that have not been drill tested. Exploration will be guided by using knowledge gained from the Kodiak Zone and Main Vein. The Company will continue to test the potential for mineralization under late cover and provide more information in future updates. The Placer Mountain Property continues to be a unique opportunity within South Central British Columbia located 15km to the south of Hudbay Minerals producing Copper Mountain Mine and Mill2.
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Figure 1 - Kodiak Zone Plan Map with Interpeted Surficial Vein System and Au-in-soil Outlines
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Figure 2 - Kodiak Zone Plan Map
Table 1 – 2024 Kodiak Zone Drilling Highlights1
Kodiak Zone Summary
The Kodiak Zone is a 330m by 300m drill tested gold mineralized zone within a 1.5km by 800m gold-in-soil anomaly. The Kodiak Zone was first disovered in 2021 through a large geochemical soil sampling program including 89 samples above 50 ppb and values up to 18.1 g/t Au (Figure 3)3. Trenching occurred the same year and highlighted intervals of 44.50m of 0.70 g/t Au and 8.00m of 2.56 g/t Au1,3. In 2021, 726 metres was drilled at the Kodiak Zone and operations were severely impacted by atomospheric rivers and large storms. Despite our limited ability to position the drill, all holes hit gold mineralization and the company was able to intersect 3m 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 32.2 g/t Ag in KZ-21-02 (Table 3) 1,3.
The 2024 drill program was planned to confirm and expand the 2021 program.The 2024 program expanded the Kodiak Zone to 330 by 300 metres and confirmed the presence of parallel mineralized vein sets. All holes hit gold mineralization and 9 of 10 had intercepts greater than 5 gram metre Au (Table 1). Gold mineralization in the Kodiak Zone is hosted in quartz sulpide veins within intrusives and characterized by >5% sulphides.
Table 3 - 2021 Kodiak Zone Drilling Highlights1,3
Placer Mountain Property Wide Potential
The company so far has identified 8 gold-in-soil anomalies on the Placer Mountain Property, with two being the Kodiak Zone and the Main Vein. The Main Vein is located 2.5km to the southwest of the Kodiak Zone and was first discovered in 2019 (Figure 3). A total of 1,709 metres was drilled within the Main Vein between 2020 and 2021. The Main Vein has been traced for a length of 385 metres and remains open along strike including strong gold intervals in Table 4. Some 5 of the 8 gold-in-soil anomalies show strong similarities to the Kodiak Zone and the Main Vein. Potential for multiple styles of mineralization is shown on the Property with a 2km by 1.5km Cu-Mo-Au-in-soil anomaly.
Table 4 – 2020 & 2021 Main Vein Drill Highlights1,3
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Figure 3 - Placer Mountain Geochemical Anomalies
1 The intervals reported in these tables represent drill and trenching intercepts and insufficient data are available at this time to state the true thickness of the mineralized intervals.
2 This news release contains information about adjacent properties on which Bronco does not have the right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.
3 Historical information contained in this presentation, maps or figures regarding the Company’s project or adjacent properties cannot be relied upon as the Company’s QP, as defined under NI 43-101 has not prepared nor verified the historical information.
Sample Analysis and QAQC
Samples were analyzed by SGS Canada Inc. in Burnaby,BC an ISO/IEC 17025 laboratory. Samples were crushed to 75% passing a 2mm screen and pulvarized to 85% passing 75 micron sieve. After preparation, samples were analyzed using a 50g fire assay (50g aliquot) with a ICP-OES finish. Assays returing great values than 10.0 grams per tonne (g/t) were fire assayed with a gravimetric finish. Blanks and cetrified reference standards were inserted for quality control.
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, acquiring, and advancing 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.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
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
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF BRONCO AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE BRONCO MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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