Blue Note Resumes Drilling and Updates Technical Reports at Croinor
29 Agosto 2011 - 3:18PM
PR Newswire (Canada)
MONTREAL, Aug. 29, 2011 /CNW/ -- MONTREAL, Aug. 29, 2011 /CNW
Telbec/ - Blue Note Mining Inc. (TSXV: BNT) ("Blue Note") and
Critical Elements Corporation (TSXV: CRE) report that Blue Note has
resumed a 3,000 meter diamond drill program at the Croinor Gold
Project located near Val d'Or, Quebec. Blue Note is also in the
process of updating the Mineral Resources and Mineral Reserves for
Croinor that were previously estimated in 2009 to include the
results from the 2010 and 2011 drilling campaigns. The 2009 Mineral
Resource estimate totalled 814,228 tonnes (measured and indicated)
grading 9.11 g/t gold with a cut-off grade of 5.0 g/t. Based on a
positive prefeasibility study completed in 2010, Mineral Reserves
were reported at 689,829 tonnes (proven and probable) grading 8.35
g/t gold for a total of 185,260 ounces of mineable gold (see
NI43-101 compliant technical reports prepared September 2009,
August 2010 and revised on June 2011 available at www.sedar.ca). In
2010 and 2011, there have been 12,744 meters of additional drilling
completed in 49 exploration diamond drill holes at Croinor. The
recent exploration drill programs have focused both on extending
mineralized lenses in the immediate area of the current Mineral
Reserves as well as testing along strike to the east and west of
the deposit and at depth, with positive results obtained in all
areas of the programs (see press releases dated September 8, 2010,
October 18, 2010, November 11, 2010, April 26, 2011, May 18, 2011
and August 25, 2011). A wireframe model of the mineralized lenses
is now being constructed which will lead to a computer generated
block model and a new Mineral Resource estimate. Upon completion,
the prefeasibility study will be updated which will include an
updated Mineral Reserve. InnovExplo, a Val d'Or based consulting
firm, is preparing the geological model of the Croinor deposit and
will be preparing the updated Mineral Resources and Mineral
Reserves estimate and prefeasibility study. The current diamond
drilling is being carried out by Forages La Virole and supervised
by InnovExplo personnel under Carl Pelletier P.Geo., a qualified
and independent person as defined under NI 43-101 guidelines.
Stephane Dubois, P.Eng., Vice President, Operations 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 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/August2011/29/c6844.html p
Blue Note shareholders, please contact:br/ Jean Mayer, 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
p Critical Elements shareholders, please contact:br/ Jean-Sébastien
Lavallée, P.Geo, 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/ 514-341-0408b /b /p
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