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Braveheart Announces Commencement of Preliminary Economic Assessment at Bull River Mine
Calgary, Alberta--(Newsfile Corp. - February 9, 2022) - Braveheart Resources Inc. (TSXV: BHT)...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Announces Commencement of Preliminary Economic Assessment at Bull River MineCalgary, Alberta--(Newsfile Corp. - February 9, 2022) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) (\"Braveheart\" or the \"Company\") is pleased to announce the commencement of a Preliminary Economic Assessment (\"PEA\") for its 100% owned Bull River Mine, near Cranbrook, B.C. Braveheart has engaged JDS Energy & Mining Inc. (\"JDS\") to complete the PEA study. JDS is ideally suited to complete the work having been involved with the project under previous owners and having completed similar studies for junior and major mining companies in northern and western Canada. The Company expects to receive the completed study within approximately 120 days. The Bull River Mine is fully developed and dewatered with 21,000 meters of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 700 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.The Company recently announced a 57% increase in copper metal at the Bull River project (see press release dated December 8, 2021). 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. The new N.I. 43-101 compliant Technical Report was independently prepared by Moose Mountain Technical Services under the supervision of Sue Bird, P.Eng. A summary of the Mineral Resource is presented below in Table 1. The N.I. 43-101 Technical Report was filed on SEDAR on January 21, 2022.Table 1: Summary of Bull River Mineral Resource - Effective Date December 1, 2021Cutoff CuEq (%)In situIn situ GradesMetalTonnageCu Eq.CuAuAgNSR CuAuAg(Ktonnes)(%)(%)(gpt)(gpt)($US)(000 lbs)(kz)(koz)Indicated0.92,2612.1321.7960.42215.3155.2989,54530.61,113Inferred 0.91,3561.9181.5980.41713.6139.70 47,799 18.2594 Mineral Resources Notes:The qualified person responsible for the mineral resource estimate is Sue Bird P.Eng of Moose Mountain Technical Services. The base case cut-off is an NSR value of CDN$65/tonne, based on Processing costs of CDN...