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Braveheart Resources Inc. Receives Positive System Impact Study for Hydroelectric Reconnection at Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - May 15, 2020) - Braveheart Resources Inc. (TSXV: BHT) ("...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Resources Inc. Receives Positive System Impact Study for Hydroelectric Reconnection at Bull River Mine ProjectCalgary, Alberta--(Newsfile Corp. - May 15, 2020) - Braveheart Resources Inc. (TSXV: BHT) (\"Braveheart\" or the \"Company\") announces that it has received a positive system impact study (\"SIS\") from British Columbia Hydro and Power Authority (\"BCH\") on the Company's planned reconnection to grid power at a proposed load of 5 MW. The SIS determined that it is technically feasible to interconnect the proposed Bull River Mine load to the BCH transmission system. The next phase in reconnection to the grid is completion of a Facilities Study (\"FS\") which is required to further define interconnection requirements and establish a time table for BCH's ability to meet the Company's proposed service date.The Bull River Mine project (\"BRM\") is currently connected to grid power which is sufficient to continue with care and maintenance activities including dewatering of the underground mining infrastructure. In order for the Company to recommission its 700 tonne per day conventional crushing and milling circuit, additional power is required. In 2013 a fire destroyed the surface substation which supplied power to the mill concentrator facility. Subsequently the Company secured a replacement transformer for the surface substation and intends to install the transformer in the third or fourth quarter of 2020. Once the Company has successfully commissioned the installation of a new transformer, capable of supplying a minimum load of 5 MW, the project will be de-risked from the perspective of power supply.The Company plans to advance the Bull River Mine project in a phased approach wherein a surface stockpile of mineralized material will provide the initial feedstock to the upgraded mill facility. The Company's decision to continue with upgrades to the surface infrastructure and process mineralized material on surface is not based on a comprehensive feasibility study of mineral reserves that would otherwise demonstrate economic viability. There is risk and uncertainty regarding the economic viability of the surface stockpile in terms of tonnage, grade, recovery and potential oxidation of the material that was placed on the pile approximately 10 years ago. In order to process the surface stockpile the Company needs to co...