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Braveheart Assays for Cobaltite in Recent Bull River Mine Drilling Program
(Potential for Cobalt Recovery as a By-Product Credit) Calgary, Alberta--(Newsfile Corp. - Au...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Assays for Cobaltite in Recent Bull River Mine Drilling Program(Potential for Cobalt Recovery as a By-Product Credit)Calgary, Alberta--(Newsfile Corp. - August 19, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) (\"Braveheart\" or the \"Company\") has received additional metallurgical results from the recent drilling program at the Bull River Mine project. To-date the Company has received results for four of six holes in the H1 2021 diamond drill program (see press release dated July 8, 2021, on SEDAR). In addition to copper, gold and silver the Company has now received assays for cobalt. Cobalt mineralization was encountered in each of the four drill holes for which assays have been received to-date. Cobalt grade ranged from 0.015% to 0.033%. The results from the remaining two holes are not expected to be received until late September 2021 due to a backlog at the lab. Ian Berzins, President and CEO, commented, \"We are pleased with the initial results from this year's drill program which has not only validated the presence of copper, gold and silver mineralization at depth but also the presence of cobalt mineralization. Historically previous operators did not assay for cobalt so there is no recognition of cobalt in the current NI 43-101 Resource which was completed in January 2019 by Sue Bird of Moose Mountain Minerals. The Company has not yet determined that a saleable cobalt concentrate can be produced. However, with cobalt now being added to the list of critical metals in Ontario and the United States and with cobalt prices increasing to over US$53,000 per tonne, the potential for adding cobalt by-product credits at the Bull River Mine project is encouraging and desires more investigation\". This could result in an increase in the total metal values at the Bull River Mine. In June 2018, Braveheart began an analysis of the potential for economic extraction of cobalt at the Bull River Mine. The purpose of the testing was to determine whether cobalt could be recovered to a pyrite concentrate through a secondary flotation process. Cobalt is visually apparent in the underground workings that are currently being maintained in a dewatered condition. Chip samples were taken from the walls of the workings under the supervision of Ian Berzins, P.Eng. of Braveheart (see press release dated January 28,...