Business
Braveheart Resources - Update on Assays for bulk sample on Whitewater Property near Nelson, BC
Toronto, Ontario--(Newsfile Corp. - February 4, 2016) - Braveheart Resources Inc. (TSXV: BHT) ...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Resources - Update on Assays for bulk sample on Whitewater Property near Nelson, BCToronto, Ontario--(Newsfile Corp. - February 4, 2016) - Braveheart Resources Inc. (TSXV: BHT) (\"Braveheart\" or, the \"Company\") is pleased to announce the latest progress on the Bulk Sampling project on its Whitewater gold property in southeastern British Columbia.The Company transported 354 kg of material to Mt. Baker Mining & Metals in Bellingham, WA where it was crushed and screened. The 354 kg rock sample assayed 15.5 g/t of gold. A concentrated sample of 3.1 kg assayed 1,240 g/t of gold. Overall gold recovery from the sample was 70% using only gravimetric methods.All assaying has been performed by Met-Solve Analytical Services located in Langley, BC. As a result of this bulk sample from the Whitewater property the Company will apply for a bulk sampling permit of up to a thousand tons for the same property. The Company has received a Notice of Work (NOW) permit from the British Columbia Ministry of Energy and Mines to commence a 1,500m drill program on the same Whitewater property for the summer of 2016. . In addition, the Company announces that it is doing a financing of up to $500,000 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 include 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. The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.About Braveheart Resources Inc.Braveheart 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). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 19,369,506 common shares issued and outstanding.Qualified PersonBraveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Braveheart who serves as a quali...