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Braveheart Announces 57% Increase in Copper Metal in New Mineral Resource at Bull River Mine
Calgary, Alberta--(Newsfile Corp. - December 8, 2021) - Braveheart Resources Inc. (TSXV: BHT)...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Announces 57% Increase in Copper Metal in New Mineral Resource at Bull River MineCalgary, Alberta--(Newsfile Corp. - December 8, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) (\"Braveheart\" or the \"Company\") is pleased to announce a 57% increase in copper metal in the new Mineral Resource for the Bull River Mine, near Cranbrook, B.C. The Mineral Resource estimate was independently prepared by Moose Mountain Technical Services (MMTS) under the supervision of Sue Bird, P.Eng. The current Mineral Resource is based on a 0.9% copper equivalent (\"CuEq\") cut-off grade (\"COG\") whereas the 2018 Mineral Resource was based on a 0.6% CuEq COG. The 2018 Mineral Resource, dated November 22, 2018, was filed on SEDAR on January 23, 2019 and was also prepared by Sue Bird, P.Eng. The increases are due to the inclusion of new drilling from 2020 and 2021, reinterpretation of the mineralized shapes and additional certificates and QAQC being applied. Ian Berzins, President and CEO, commented, \"We are extremely pleased with the results of the up-dated Mineral Resource. This represents increases in copper metal of 23% in the Indicated Mineral Resource and 230% in the Inferred Mineral Resource from the 2018 Mineral Resource estimate. Additionally, both gold and silver metals increased by 63% and 71% respectively compared with the 2018 Mineral Resource estimate. The results are encouraging because we have significant overall increases in copper, gold and silver notwithstanding the use of a higher COG of 0.9% CuEq in the new Mineral Resource versus 0.6% CuEq in the previous Mineral Resource.\" Table 1: Summary of Bull River Mineral Resource - Effective Date December 1, 2021ClassificationCutoff CuEq (%)In situIn situ GradesMetalTonnageCuEqCuAuAgNSR CuAuAg(Ktonnes)(%)(%)(gpt)(gpt)($CDN)(000 lbs)(kz)(koz)Indicated0.92,2612.1321.7960.42215.3155.2989,54530.61,113Inferred0.91,3561.9181.5980.41713.6139.70 47,799 18.2594 Mineral Resource Notes:The qualified person responsible for the mineral resource estimate is Sue Bird P.Eng of MMTS.The base case cut-off is an NSR value of CDN$65/tonne, based on Processing costs of CDN$30/tonne and Underground Mining costs of CDN$35/tonne.A minimum mining width of 2.0m is assumed. Mineral resources are based on a US$1,600/oz gold price, US$3.50/lb copper price and US$20/oz silve...