- Braveheart Resources (BHT) referred to a newly-completed ore sorting study as “exceptionally positive”
- The study was taken at the company’s Bull River Mine project, located near Cranbrook, British Columbia
- Braveheart owns 100 per cent of the project
- The study included 206 rock samples from a stockpile of mineralized material consisting of copper, gold and silver
- Braveheart Resources is up 10.00 per cent on the day, with shares trading at C$0.11 at 1:06 pm ET
Braveheart Resources (BHT) referred to a newly-completed ore sorting study as “exceptionally positive.”
The study was taken at the company’s Bull River Mine project, located near Cranbrook, British Columbia.
Braveheart owns 100 per cent of the project.
The ore sorting study included 206 rock samples from a stockpile of mineralized material consisting of copper, gold and silver. All material was analyzed using x-ray technology. Results show 61 per cent of the sampled material was accepted by the sorter and 39 per cent was rejected as non-economic low grade or waste.
The arithmetic mean for all samples was 3.28 per cent copper, 28.2 grams of silver per tonne of material and 0.318 grams of gold per tonne of material mined, which significantly exceeds the current resource for copper and silver.
In October 2013, Moose Mountain Technical Services completed an independent scoping study on the Bull River Mine. The volume of the surface stockpile of mineralized material was surveyed and estimated to be 80,912 cubic metres. In October 2020, Braveheart commissioned an independent volumetric estimate of the mineralized material on surface. That estimate was 85,638 cubic metres, which exceeds the 2013 estimate.
“These results are extremely encouraging. The study demonstrates that ore sorting can provide economic benefit if introduced during milling of the surface stockpile. The greater benefit is in mining of the underground Resource of mineralized material that has been pre-developed on seven separate sublevels in the underground workings.
The introduction of ore sorting could have a positive impact on the economics of our Bull River project and result in a reduction in the COG for the deposit and a resulting increase in the size of the Resource and an extension of the mine life. Additionally, it may be applicable at our newly acquired Thierry copper, nickel and silver project in Ontario,” said Braveheart President and CEO Ian Berzins.
Braveheart Resources is up 10.00 per cent on the day, with shares trading at C$0.11 at 1:06 pm ET.