Drilling at Chimo Indicates Favourable Open Pit Potential
25 Agosto 2011 - 3:00PM
PR Newswire (Canada)
MONTREAL, Aug. 25, 2011 /CNW/ -- MONTREAL, Aug. 25, 2011 /CNW
Telbec/ - Blue Note Mining Inc. (TSXV: BNT) ("Blue Note" or the
"Company") is pleased to report results from a recently completed
diamond drill program on its wholly-owned Chimo and Nova gold
properties located approximately 50 km east of Val-d'Or, Quebec.
The program, comprising eight holes, was carried out on three areas
in close proximity to the historic Chimo mine. Six holes were
drilled in the "Dyke Zone" area located on the Nova Property and
immediately southwest of the Chimo mine site with grades up to 8.91
g/t gold over 1.0 meter (240.0-241.0 m) in CH-11-07. These holes
(CH-11-05, -07, -08, -09, -10, -12A) intersected 14 mineralized
intervals at shallow depth above 120 meters indicating favourable
open pit potential. Hole CH-11-09 intersected 14.6 meters
(25.9-40.5 m) grading 1.31 g/t gold. Mineralized zones within the
felsic dyke included 1.15 g/t gold over 1.5 meters, 0.79 g/t gold
over 11.5 meters, 1.66 g/t gold over 1.3 meters and 1.22 g/t gold
over 3.0 meters. Drilling in the Dyke Zone area was carried
out over a strike length of approximately 350 meters. Significant
mineralized intersections are shown in Table 1. Table 1.
___________________________________________________________________
|Hole No. | East| North|Dip| | From|To (m)|Length*|Au (g/t)|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-05 |331344|5319832|-58| | 21.3| 24.5| 3.2| 2.36|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-05 | | | | | 99.0| 99.8| 0.8| 1.98|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-05 | | | | |194.0| 195.5| 1.5| 1.15|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-06 |331640|5320450|-75| |279.0| 280.5| 1.5| 0.78|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-07 |331377|5319891|-74| | 92.2| 106.3| 14.1| 0.75|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-07 | | | |Includes| 93.0| 96.0| 3.0| 1.58|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-07 | | | | And|105.0| 106.3| 1.3| 2.07|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-07 | | | | |240.0| 241.0| 1.0| 8.91|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-07 | | | | |277.2| 281.6| 4.4| 1.40|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-07 | | | |Includes|277.2| 277.9| 0.7| 6.46|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-07 | | | | |334.0| 335.1| 1.1| 3.35|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-07 | | | |Includes|334.0| 334.6| 0.6| 4.87|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-08 |331232|5319798|-55| | 72.1| 72.8| 0.7| 1.40|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-08 | | | | |120.5| 132.0| 11.5| 0.79|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-08 | | | |Includes|121.0| 123.0| 2.0| 1.35|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-08 | | | | And|130.5| 132.0| 1.5| 1.71|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-08 | | | | |141.0| 143.6| 2.6| 0.86|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-09 |331175|5319893|-70| | 25.9| 40.5| 14.6| 1.31|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-09 | | | |Includes| 35.0| 40.5| 5.5| 2.79|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-09 | | | | |123.0| 129.6| 6.6| 3.06|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-09 | | | |Includes|123.0| 125.6| 2.6| 5.37|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-09 | | | | |286.5| 287.8| 1.3| 1.66|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-10 |331114|5319773|-50| | 27.0| 28.4| 1.4| 0.96|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-10 | | | | | 39.0| 42.0| 3.0| 1.22|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-11 |332831|5319877|-63| |254.1| 255.2| 1.1| 1.76|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-11 | | | | |393.0| 395.1| 2.1| 1.42|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-11 | | | | |408.0| 408.5| 0.5| 5.83|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-12A|331024|5319857|-45| | 39.5| 42.0| 2.5| 0.92|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-12A| | | | | 53.0| 57.5| 4.5| 0.61|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-12A| | | | | 73.0| 74.0| 1.0| 2.79|
|_________|______|_______|___|________|_____|______|_______|________|
|CH-11-12A| | | | | 90.0| 90.6| 0.6| 2.11|
|_________|______|_______|___|________|_____|______|_______|________|
* Due to the low density of drilling in this area and occurrence of
several gold-bearing zones, correlation of mineralized zones is not
clear and true width of core intersections is not known. Hole
CH-11-06 was drilled on the Chimo mining lease to test Zone 2 West
located immediately north of the historic mine workings and hole
CH-11-11 was collared on the Nova Property and located east of the
Chimo mine. The Company is proceeding with a comprehensive
compilation and digitalization of the historical and current data
which will provide a clear and complete assessment of the Chimo and
Nova properties and will lead to the next work program. Chimo is a
past producer whereas Chimo Gold Mines Inc. extracted 140,000
tonnes at 14.8 grams of gold per tonne from 1966 to 1984. Louvem
Mines Inc. exploited the Chimo mine between 1984 and 1988
extracting a total of 493,000 tonnes at an average grade of 5.69
grams gold per tonne. From 1989 to 1996 and following
infrastructure rehabilitation and the sinking of a shaft to 930
meters, Cambior mined 1,692,000 tonnes at a grade of 3.83 grams of
gold per tonne. The drill program was carried out by Forages La
Virole and was supervised by InnovExplo personnel under Carl
Pelletier P.Geo., a qualified and independent person as defined
under NI 43-101 guidelines. Gold values were determined by fire
assay and AAS, or fire assay and gravimetric analyses if over 3
g/t, at the ALS Laboratory Group, Minerals Division laboratory in
Val d'Or. Arthur Hamilton, P.Geo., Exploration Manager 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.
Forward-Looking Statements This news release contains discussion of
items that may constitute forward-looking statements within the
meaning of securities laws that involve risks and uncertainties.
Although the Company believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ materially from
expectations include the effects of general economic conditions,
actions by government authorities, uncertainties associated with
contract negotiations, additional financing requirements, market
acceptance of the Company's products and competitive pressures.
These factors and others are more fully discussed in Company
filings with Canadian securities regulatory authorities. "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 or accuracy of this
release." To view this news release in HTML formatting, please use
the following URL:
http://www.cnw.ca/en/releases/archive/August2011/25/c6117.html p
please contact: /p p Jean Mayerbr/ Executive Vice Presidentbr/
(800) 937-3095 x236br/ a
href="mailto:jmayer@bluenotemining.ca"jmayer@bluenotemining.ca/abr/
ua href="http://www.bluenotemining.ca"www.bluenotemining.ca/a/u /p
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