Braveheart Resources: Update on Bulk Sample on Referendum Property Near Nelson, BC
TORONTO, ONTARIO--(Marketwired - Sept. 25, 2015) - Braveheart Resources Inc. (TSX VENTURE:BHT) ("Braveheart" or, the "Company") is pleased to announce the latest progress on the Bulk Sampling project on its Referendum gold property in southeastern British Columbia.
The Company began the project in 2014 and transported around 250 tonnes of material to Nelson before being shut down for the winter. The material have been crushed and screened to -1/2" and separately stockpiled for processing.
Some issues were experienced with the installation and commissioning of the processing equipment which is generally comprised of a small ball mill and Sepro iCon 350 gravity concentrator. These operational difficulties have been addressed and the plant is now running. Approximately 120 tonnes of the stockpiled material have been processed to date, producing some 150 kg of gold bearing black sand.
The processing operation is currently halted to allow time to assess the results, review the program to date and develop a modified plan moving forward. While further testing and confirmation is required, the stockpile grade appears to be less than 1 g/t. It is felt that this was caused by excessive dilution in the first excavation activities. In order to overcome this obstacle, a trenching program was initiated on September 22 on the Referendum property to identify additional areas for the balance of the bulk sample (around 750 tonnes). The necessary tonnage will be excavated and transported to the Nelson plant during the month of October;
Some preliminary results from the processing operations are as follows:
-- A 1.5 kg black sand sample assayed 129.5 g/t Au;
-- A 4.2 kg black sand sample underwent flotation testing with excellent
-- Overall concentrate grade: 4,452 g/t Au
-- Head grade: 146.2 g/t Au
-- Fine Au fraction (-500 um) recovery: 99.6%
-- Overall Au recovery: 83.3 %. It is projected that if the +500 um
fraction (grading 57.1 g/t Au) had been floated, overall recovery
would be greater than 90%.
In addition to the Referendum activities, a large (around 100 kg) grab sample from Whitewater was recently subjected to a crushing/milling/shaker table test at a facility in Bellingham, Washington. This testing produced 4.86 kg of concentrates that assayed 819.6 g/t Au.
All assaying has been performed by Met-Solve Analytical Services and the flotation testing by Met-Solve Laboratories, both companies are located in Langley, BC. Based on these encouraging results, Braveheart is investigating the purchase of a flotation cell to optimize overall gold recovery and permit small-scale smelting;
Braveheart is encouraged with the overall program to date. The main objective of a bulk sample is to obtain technical information on a deposit, particularly mining and physical characteristics and it is felt that significant knowledge has been gained. The Company will be submitting applications for additional bulk sampling on both the Referendum and Whitewater properties for 2016.
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 14,614,505 common shares issued and outstanding.
Braveheart'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 qualified person under the definition of National Instrument 43-101.
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 is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) 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 Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Braveheart Resources Inc.
David W. Johnston