Blue Note Extends High Grade Gold West of Croinor and Hits Gold Mineralization Down to 650m at Depth
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) and Critical Elements
Corporation (TSXV: CRE) are pleased to announce results of the
recent Croinor diamond drill program which clearly demonstrate that
Croinor's gold mineralization extends substantially to the west and
at a depth of at least 654m while still open in all directions. "We
are very excited with these results as they indicate that Croinor's
current reserve which is within 250m from surface may very well
extend significantly both along strike and at depth", stated Leon
Methot, President & CEO. Six of the seven holes from the 2,765
meters drill program were drilled between sections 650W and 810W to
test the continuity of significant intersections from the winter
drill program that included 21.70 g/t gold over 1.0 meter and 28.15
g/t gold over 1.0 meter in CR-11-395 on Section 750W (see press
release dated May 18, 2011). Several intersections at a
vertical depth varying from 200 to 285 meters, are interpreted as
west extensions of mineralized zones in the current ore reserve.
New deeper gold mineralized zones were also identified and it is
anticipated that additional resource will be developed to the west
of the current ore reserves based on the positive results of the
2010-2011 diamond drill programs (Figure 1). Significant gold
mineralized intersections from holes CR-11-402 to CR-11-407 are
shown in Table 1.
________________________________________________________ |Hole no.
|Section|Dip| From|To (m)|Core Length*|Au (g/t)|
|_________|_______|___|_____|______|____________|________|
|CR-11-402| 690-W|-65|333.2| 333.7| 0.5| 5.26|
|_________|_______|___|_____|______|____________|________|
|CR-11-402| | |346.3| 347.3| 1.0| 0.54|
|_________|_______|___|_____|______|____________|________|
|CR-11-402| | |352.9| 353.8| 0.9| 2.64|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| 650-W|-70|318.4| 318.9| 0.5| 1.78|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |320.9| 322.9| 2.0| 6.66|
|_________|_______|___|_____|______|____________|________|
|Includes | | |321.9| 322.9| 1.0| 11.94|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |359.7| 360.7| 1.0| 5.74|
|_________|_______|___|_____|______|____________|________|
|Includes | | |359.7| 360.2| 0.5| 11.20|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |360.7| 361.2| 0.5| 1.48|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |387.5| 388.0| 0.5| 1.90|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |389.5| 390.7| 1.2| 6.66|
|_________|_______|___|_____|______|____________|________|
|Includes | | |390.0| 390.7| 0.7| 11.40|
|_________|_______|___|_____|______|____________|________|
|CR-11-404| 650-W|-65|234.3| 239.3| 5.0| 3.74|
|_________|_______|___|_____|______|____________|________|
|Includes | | |234.3| 235.0| 0.7| 17.15|
|_________|_______|___|_____|______|____________|________|
|CR-11-404| | |240.8| 241.3| 0.5| 1.04|
|_________|_______|___|_____|______|____________|________|
|CR-11-404| | |242.8| 243.3| 0.5| 2.59|
|_________|_______|___|_____|______|____________|________|
|CR-11-404| | |262.5| 264.5| 2.0| 3.92|
|_________|_______|___|_____|______|____________|________|
|Includes | | |262.5| 263.0| 0.5| 6.77|
|_________|_______|___|_____|______|____________|________| |And | |
|264.0| 264.5| 0.5| 8.04|
|_________|_______|___|_____|______|____________|________|
|CR-11-405| 690-W|-65|235.6| 236.6| 1.0| 1.14|
|_________|_______|___|_____|______|____________|________|
|CR-11-405| | |236.6| 238.2| 1.6| 11.15|
|_________|_______|___|_____|______|____________|________|
|Includes | | |236.6| 237.6| 1.0| 14.59|
|_________|_______|___|_____|______|____________|________|
|CR-11-405| | |241.5| 243.1| 1.6| 3.18|
|_________|_______|___|_____|______|____________|________|
|Includes | | |241.5| 242.0| 0.5| 6.85|
|_________|_______|___|_____|______|____________|________|
|CR-11-405| | |251.9| 254.5| 2.6| 4.88|
|_________|_______|___|_____|______|____________|________|
|Includes | | |252.4| 252.9| 0.5| 21.05|
|_________|_______|___|_____|______|____________|________|
|CR-11-406| 810-W|-65|146.6| 147.2| 0.6| 0.67|
|_________|_______|___|_____|______|____________|________|
|CR-11-406| | |150.8| 151.6| 0.8| 0.82|
|_________|_______|___|_____|______|____________|________|
|CR-11-406| | |183.5| 184.1| 0.6| 3.19|
|_________|_______|___|_____|______|____________|________|
|CR-11-407| 810-W|-65|252.0| 252.6| 0.6| 7.20|
|_________|_______|___|_____|______|____________|________|
|CR-11-407| | |265.2| 266.1| 0.9| 1.89|
|_________|_______|___|_____|______|____________|________| *Based
on the current interpretation, holes CR-11-402 to CR-11-407 were
drilled approximately perpendicular to the mineralized zones, and
core length intervals in these holes are considered to closely
approximate true widths. However, more detailed drilling is
required to accurately determine true widths. Mineralization at
Depth - Hole CR-11-408 At Croinor, diamond drill holes are
typically drilled from north to south and oriented to cut the
mineralized zones at a high to perpendicular angle. However, hole
CR-11-408 was drilled from south to north to follow the diorite
sill at depth to investigate new potential mineralized zones. The
hole was drilled to 751 meters (660 meters vertical). Numerous
mineralized zones were encountered throughout the hole from a
vertical depth of 51 meters through 654 meters. Results from hole
CR-11-408 clearly demonstrate that Croinor's type and density of
mineralization extend to 654m at depth and is still open in all
directions. Significant gold mineralized intersections from hole
CR-11-408 are shown in Table 2.
________________________________________________________ |Hole no.
|Section|Dip| From|To (m)|Core Length*|Au (g/t)|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| 750-W|-60| 58.0| 59.0| 1.0| 1.52|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | | 90.0| 96.6| 6.6| 0.89|
|_________|_______|___|_____|______|____________|________|
|Includes | | | 90.0| 90.6| 0.6| 4.50|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |108.0| 109.5| 1.5| 7.57|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |108.0| 109.0| 1.0| 9.70|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |121.4| 121.9| 0.5| 2.62|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |141.5| 142.1| 0.6| 1.43|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |147.9| 161.7| 13.8| 1.01|
|_________|_______|___|_____|______|____________|________|
|Includes | | |148.4| 149.4| 1.0| 3.54|
|_________|_______|___|_____|______|____________|________| |And | |
|158.7| 159.4| 0.7| 2.24|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |213.8| 215.0| 1.2| 5.64|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |228.0| 230.2| 2.2| 1.38|
|_________|_______|___|_____|______|____________|________|
|Includes | | |229.4| 230.2| 0.8| 2.54|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |290.7| 291.4| 0.7| 1.40|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |345.8| 350.1| 4.3| 2.65|
|_________|_______|___|_____|______|____________|________|
|Includes | | |345.8| 347.1| 1.3| 6.21|
|_________|_______|___|_____|______|____________|________|
|Includes | | |346.4| 347.1| 0.7| 11.03|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |355.4| 355.9| 0.5| 1.27|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |357.4| 366.0| 8.6| 2.48|
|_________|_______|___|_____|______|____________|________|
|Includes | | |357.4| 359.6| 2.2| 5.55|
|_________|_______|___|_____|______|____________|________| |And | |
|362.2| 363.2| 1.0| 5.52|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |365.1| 366.0| 0.9| 2.81|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |372.4| 375.8| 3.4| 1.29|
|_________|_______|___|_____|______|____________|________|
|Includes | | |372.4| 373.3| 0.9| 2.64|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |404.9| 405.4| 0.5| 1.40|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |552.2| 554.4| 2.2| 2.57|
|_________|_______|___|_____|______|____________|________|
|Includes | | |553.8| 554.4| 0.6| 7.48|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |683.2| 683.7| 0.5| 1.95|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |692.2| 692.7| 0.5| 2.45|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |707.3| 713.0| 5.7| 0.60|
|_________|_______|___|_____|______|____________|________|
|Includes | | |710.2| 710.8| 0.6| 2.52|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |732.8| 733.5| 0.7| 0.50|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |741.1| 742.3| 1.2| 0.50|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |743.6| 744.1| 0.5| 0.84|
|_________|_______|___|_____|______|____________|________| *True
widths of the mineralized zones in CR-11-408 could not be
determined due to insufficient information. A follow-up drill
program is planned based on these latest results. 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. About Critical Elements Corporation
Critical Elements is actively developing its 100%-owned Rose
lithium-Tantalum flagship project located in Quebec. The project
hosts a current new NI 43-101 compliant Indicated resource of 26.5
million tonnes of 1.30% LI(2)O Eq. or 0.98% LI(2)O and 163 ppm
Ta(2)0(5) and Inferred resource of 10.7 million tonnes of 1.14%
LI(2)O Eq. or 0.86% LI(2)O and 145 ppm Ta(2)0(5). Critical Elements
has commissioned a prefeasibility study for the project from
Genivar, one of the largest independent engineering firms in
Canada. Genivar is also doing an environmental study, and Acme
Metallurgical Ltd. of Vancouver is carrying out project metallurgy.
Critical Elements' portfolio also includes rare-earth and
Tantalum-Niobium projects in the Rocky Mountains of British
Columbia and in Quebec, as well as a 50% interest in the Croinor
project, which is located in Quebec and hosts a current NI 43-101
compliant measured and indicated resource of 814,228 tonnes at 9.11
g/t Au, for 238,414 ounces of gold at a 5 g/t cut-off.
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, technical uncertainties
associated with operating an underground mine 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/c6118.html p
Blue Note shareholders, please contact:br/ Jean Mayerbr/ Executive
Vice Presidentbr/ (800) 937-3095 x236br/ a
href="mailto:jmayer@bluenotemining.ca"jmayer@bluenotemining.ca/abr/
a href="http://www.bluenotemining.ca"uwww.bluenotemining.ca/u/a /p
p Critical Elements shareholders, please contact:br/ Jean-Sébastien
Lavallée, P.Geobr/ President & CEObr/ 819-354-5146br/ a
href="mailto:president@cecorp.ca"president@cecorp.ca/abr/ a
href="http://www.cecorp.ca"www.cecorp.ca/a /p p Paradox Public
Relationsbr/ 514-341-0408 /p
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