NEWSBlue Note Resumes Drilling and Updates Technical Reports at Croinor
MONTREAL, Aug. 29, 2011 /CNW Telbec/ - Blue Note Mining Inc. (TSXV: BNT) ("Blue Note") and Critical Elements Corporation (TSXV: CRE) report that Blue Note has resumed a 3,000 meter diamond drill program at the Croinor Gold Project located near Val d'Or, Quebec.
Blue Note is also in the process of updating the Mineral Resources and Mineral Reserves for Croinor that were previously estimated in 2009 to include the results from the 2010 and 2011 drilling campaigns. The 2009 Mineral Resource estimate totalled 814,228 tonnes (measured and indicated) grading 9.11 g/t gold with a cut-off grade of 5.0 g/t. Based on a positive prefeasibility study completed in 2010, Mineral Reserves were reported at 689,829 tonnes (proven and probable) grading 8.35 g/t gold for a total of 185,260 ounces of mineable gold (see NI43-101 compliant technical reports prepared September 2009, August 2010 and revised on June 2011 available at www.sedar.ca).
In 2010 and 2011, there have been 12,744 meters of additional drilling completed in 49 exploration diamond drill holes at Croinor. The recent exploration drill programs have focused both on extending mineralized lenses in the immediate area of the current Mineral Reserves as well as testing along strike to the east and west of the deposit and at depth, with positive results obtained in all areas of the programs (see press releases dated September 8, 2010, October 18, 2010, November 11, 2010, April 26, 2011, May 18, 2011 and August 25, 2011).
A wireframe model of the mineralized lenses is now being constructed which will lead to a computer generated block model and a new Mineral Resource estimate. Upon completion, the prefeasibility study will be updated which will include an updated Mineral Reserve.
InnovExplo, a Val d'Or based consulting firm, is preparing the geological model of the Croinor deposit and will be preparing the updated Mineral Resources and Mineral Reserves estimate and prefeasibility study. The current diamond drilling is being carried out by Forages La Virole and supervised by InnovExplo personnel under Carl Pelletier P.Geo., a qualified and independent person as defined under NI 43-101 guidelines.
Stephane Dubois, P.Eng., Vice President, Operations for Blue Note Mining Inc. is a Qualified Person as defined under NI 43-101 guidelines and has reviewed the technical information contained in this release.
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with properties located in known gold regions of Canada, including the prolific Val-d'Or region of Quebec and northern New Brunswick.