(Drill Results Demonstrate Potential for Increased Mine Life)
Calgary, Alberta--(Newsfile Corp. - September 30, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") is pleased to report high grade copper and gold mineralization on the final two diamond drill holes from the H1 2021 diamond drill program.
Ian Berzins, President and CEO commented, "We are extremely pleased with the recent results from this year's drill program. The results indicate that we have mineralized material up to 175 metres below the lowest levels of the developed underground mine infrastructure and gold mineralization has increased at depth. This could result in an increase in the total Resources at the Bull River mine and potentially increase life of mine".
Results from New Holes BRU-21-05 and BRU-21-06
- BRU-21-05 intersected 1.71% copper, 17.6 g/t gold and 11.6 g/t silver over 4.9 metres including 2.60% copper, 33.5 g/t gold and 18.9 g/t silver over 2.5 metres including 3.09% copper, 127 g/t gold (4.08 oz/t) and 40.60 g/t silver over 0.5 metres.
- BRU-21-06 intersected 2.1% copper, 0.30 g/t gold and 30.0 g/t silver over 5.9 metres including 11.41% copper, 0.94 g/t gold and 51.65 g/t silver over 1.0 metre.
- All six holes that have been drilled as part of the H1 2021 drilling program have intersected mineralized structures between 425 metres and 525 metres below the surface portal and between 75 metres and 175 metres below the lowest workings of the mine on 9 level. The intersections do not represent true width of the vein structures.
Summary of 2021 Bull River Mine Drilling Program
| Hole ID |
Azimuth |
Dip |
From |
To |
Length |
Cu |
Ag |
Au |
|
|
|
(m) |
(m) |
(m) |
(%) |
(g/t) |
(g/t) |
| BRU 21-01 |
55 |
-26 |
171.4 |
174.8 |
3.4 |
5.12 |
28.6 |
0.63 |
| Including |
|
|
173.8 |
174.4 |
0.6 |
19.79 |
98.6 |
0.17 |
| BRU 21-02 |
55 |
-37 |
184.1 |
186.1 |
2.0 |
1.52 |
8.1 |
0.17 |
| BRU 21-03 |
55 |
-48 |
190.9 |
194.4 |
3.5 |
2.39 |
12.5 |
0.29 |
| Including |
|
|
192.5 |
193.5 |
1.0 |
5.60 |
29.3 |
0.49 |
| BRU 21-04 |
55 |
-59 |
205.5 |
208.0 |
2.5 |
0.34 |
1.9 |
0.05 |
| BRU 21-05 |
10 |
-15 |
104.8 |
109.7 |
4.9 |
1.71 |
11.6 |
17.6 |
| Including |
|
|
107.2 |
109.7 |
2.5 |
2.60 |
18.9 |
33.52 |
| Including |
|
|
109.2 |
109.7 |
0.5 |
3.09 |
20.3 |
127.0 |
| BRU 21-06 |
10 |
-35 |
103.7 |
109.6 |
5.9 |
2.10 |
9.5 |
0.30 |
| Including |
|
|
105.2 |
106.3 |
1.0 |
11.41 |
51.7 |
0.94 |
The purpose of the H1 2021 drilling program was to test the down dip extension of the vein systems under the current workings to demonstrate the potential that the current Resource can be extended on strike and to depth. All six holes in the 2021 program were drilled from underground workings on 9 Level and collared in 9E4XC Ext Re-muck. 22,000 metres of underground workings are currently being maintained in a dewatered condition.
The Company is also pleased to announce the release of its consolidated financial results for the year ended May 31, 2021. Detailed results and management's discussion and analysis are now available on SEDAR.
Qualified person
Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins P.Eng., who serves as President, Chief Executive Officer and a director of the Company and is a Qualified Person under the definition of National Instrument 43-101.
About Braveheart Resources Inc.
Braveheart is a mining company primarily focused on two near-term copper production assets in Canada. Braveheart's main asset is the 100% owned Bull River Mine project (>85MM lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. Braveheart's newest acquisition is the 100% owned Thierry Mine project (>860MM lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.
Contact Information
Braveheart Resources Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@braveheartresources.com
Website: www.braveheartresources.com
For more investor information, please contact Braveheart at:
Manish Grigo
Director, Corporate Development
M: +1-416-569-3292
E: mgrigo@braveheartresources.com
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98141
