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Braveheart Resources - 1,000m Drilling Program at Nelson BC Whitewater Property to Commence May 24, 2016
TORONTO, ON / ACCESSWIRE / May 17, 2016 / Braveheart Resources Inc. (TSXV: BHT) ("Braveheart...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Resources - 1,000m Drilling Program at Nelson BC Whitewater Property to Commence May 24, 2016TORONTO, ON / ACCESSWIRE / May 17, 2016 / Braveheart Resources Inc. (TSXV: BHT) (\"Braveheart\" or, the \"Company\") is pleased to announce the latest progress on its 2016 exploration program for its Whitewater gold property near Nelson in southeastern British Columbia.\nThe Company has contracted the services of Lucky Drilling of Castlegar, BC to carry out a 1000m diamond-drilling program at the Whitewater Property. This initial program will test targets previously identified by mapping and sampling exploration activities in 2015. The snowmelt has occurred much more rapidly than in earlier years and the Company considers that the program is about one month ahead of its previous planned schedule. The program is anticipated to take about 3 weeks to complete; initial drill results should be available before the end of June. A second round of drilling is planned for the fall to follow up on this first program. \nThe Company has recently submitted an application for a 1,000 tonne bulk sample permit from the British Columbia Ministry of Energy and Mines, anticipating approval by the end of July. Results from the drilling program could influence the final location of the bulk sample excavation.\nThe Whitewater Property is a former gold producer with the last known production being shipped to the Cominco smelter in Trail BC for direct processing. The area chosen for the bulk sample is in the same vicinity of the adit used to extract that ore. \nThe Company earlier announced the closing of a financing of $273,000 comprised of units and flow through units at $0.05. Each unit includes one common share and a warrant which entitles the holder to acquire one additional common share at a price of $0.10 for 18 months. The flow through units includes one common share and one-half warrant where each warrant entitles the holder to acquire one additional common share at $0.10 for 18 months. A second financing, under the same terms, is planned to close in June 2016.\nAbout Braveheart Resources Inc.\nBraveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Bravehe...