- Braveheart (BHT) experienced a 57 per cent increase in copper metal in the new mineral resource estimate for the Bull River Mine in B.C.
- The mineral resource estimate was independently prepared by Moose Mountain Technical Services
- The increases are due to the inclusion of new drilling from 2020 and 2021 and reinterpretation of the mineralized shapes
- Braveheart is a mining company focused on two near-term copper production assets in Canada
- Braveheart Resources Inc. (BHT) is up 14.29 per cent, trading at C$0.08 at 11:58 am EST
Braveheart Resources Inc. (BHT) reports that a new mineral resource estimate for the Bull River Mine reports a 57 per cent increase in copper metal.
The mineral resource estimate was independently prepared by Moose Mountain Technical Services under the supervision of Sue Bird, P.Eng.
The current mineral resource is based on a 0.9 per cent copper equivalent cut-off grade whereas the 2018 mineral resource was based on a 0.6 per cent CuEq COG.
The increases in copper metal are due to the inclusion of new drilling from 2020 and 2021, reinterpretation of the mineralized shapes and additional certificates and QAQC being applied.
Ian Berzins, President and CEO, commented,
“We are extremely pleased with the results of the updated MRE. This represents increases of 23 per cent in the indicated mineral resource and 230 per cent in the inferred mineral resource from the 2018 mineral resource estimate.”
“Additionally, both gold and silver metals increased by 63 per cent and 71 per cent respectively compared with the 2018 mineral resource estimate. The results are encouraging because we have significant overall increases in copper, gold and silver notwithstanding the use of a higher COG of 0.9 per cent CuEq in the new mineral resource versus 0.6 per cent CuEq in the previous mineral resource,” concluded Berzins.
Braveheart is a mining company focused on two near-term copper production assets in Canada. Braveheart’s main asset is the 100 per cent owned Bull River Mine project near Cranbrook, British Columbia which has a mineral resource containing copper, gold and silver.
Braveheart’s newest acquisition is the 100 per cent owned Thierry Mine project near Pickle Lake, Ontario which has a mineral resource containing copper, nickel, silver, palladium, platinum and gold.
Braveheart Resources Inc. (BHT) is up 14.29 per cent, trading at C$0.08 at 11:58 am EST.