The directors of Encounter Resources Ltd. announced the intersection of a shoot of high grade copper-cobalt mineralisation at the BM7 prospect at Yeneena, Western Australia. BM1-BM7 is a 14 km long copper system, discovered and wholly owned by Encounter, that contains high grade copper-cobalt sulphide mineralisation and a coherent zone of near surface copper oxide mineralisation. Considering the improving market outlook for both copper and cobalt, the Company is assessing the potential within the large mineral system at BM7 for near-term, high grade copper-cobalt development opportunities. A two RC hole program was completed at BM7 in November 2016 to test for continuity of the copper-cobalt mineralisation intersected in aircore hole EPT1667 (9 m @ 1.5% Cu and 1.0% Co from 42 m to EOH). The two shallow RC scissor holes intersected additional high grade copper-cobalt down dip of EPT1667. EPT2292 included an intersection of 7 m @ 1.4% Cu and 246 ppm Co from 66 m. Also encouraging, is the bottom of hole intersection in EPT2293 that finished in 18 m @ 0.5% Cu and 735 ppm Co from 49 m including the final sample that graded 1 m @ 0.2% Co. It is interpreted that a steeply dipping high grade copper-cobalt shoot has been discovered at BM7 that is open to the north and south. Shallow drilling along the interpreted strike of the shoot includes an intersection of 8 m @ 2.0% Cu and 1076 ppm Co from 58 m in EPT 1689 located 200 m south and strong copper-cobalt mineralisation intersected on the drill section 200 m north. A follow up drill program is planned in April-May 2017 to test down dip and along strike of the shoot and to test for additional near surface shoots in the BM7 region.