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Braveheart Resources Inc. to Begin Underground Drilling at Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - January 8, 2020) - Braveheart Resources Inc. (TSXV: BHT) ...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Resources Inc. to Begin Underground Drilling at Bull River Mine ProjectCalgary, Alberta--(Newsfile Corp. - January 8, 2020) - Braveheart Resources Inc. (TSXV: BHT) (\"Braveheart\" or the \"Company\") announces that it plans to begin drilling from underground workings at the Bull River Mine project. The purpose of the drilling program will be to test the down dip extension of the vein systems under the current workings. Approximately 3,000 metres of drilling is planned for the first quarter of 2020. The Company is currently completing ground support activities at the proposed drill locations.Braveheart has a current NI 43-101 technical report that was completed in November 2018 and published in SEDAR in January 2019. The Bull River Mine project has an indicated resource of 1.51 million tonnes of copper, gold and silver mineralized material with an average copper equivalent grade of 2.263% CuEq based on a cut off grade of 1% CuEq. Additionally, the project has an inferred resource of 340,000 tonnes at 1.86% CuEq based on a cut off grade of 1% CuEq. The resource is currently open to depth. The Company plans to follow-up on several diamond drill holes that are below the current workings and not included in the database. One historical drill hole, BRU00-035 that is located below and to the east of the current resource model of the Main South Vein, yielded a composite average of 2.86% Cu over 9.9 metres including 4.27% Cu over 6.0 metres. These values do not represent true widths.The Company is also providing an update on our recent press release of December 30, 2019 relating to the planned extension on the expiry of 25,994,880 unexercised warrants. The warrants were previously issued on January 20, 2019 as part of a plan of arrangement. The warrants have a current expiry date of January 20, 2020 and each warrant entitles the holder to purchase one common share of the Company at a price of Cdn$0.15 per share. Subject to approval by the TSX Venture Exchange (\"TSXV\"), the Company intended to extend the expiry date by six months to July 20, 2020. The Company has since been informed by the TSXV that because the warrants were originally issued as part of a reviewable acquisition, and not a private placement, they are not eligible for an extension. About Braveheart Resources Inc.Braveheart is a Canadian based junior mining comp...