Braveheart Announces a Resource Estimate for Alpine Mine Property near Nelson, BC
Braveheart Announces a Resource Estimate for Alpine
Mine Property near Nelson, BC
Toronto, Ontario--(Newsfile Corp. - January 22, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the
"Company") is pleased to announce that it has received a National Instrument 43-101 ("NI 43-101") resource report for its
flagship Alpine Mine property located ~20 km from Nelson, BC. The report was prepared by Gary Giroux, P.Eng. who fulfills the
requirements of a "Qualified Person" as defined in NI 43-101. Mr. Giroux has been providing service to the exploration and
mining industry since 1970. For the past 41 years he has been involved in Geostatistical Resource/Reserve Studies for both
Major and Junior Mining Companies on a wide range of Deposit Types.
The report has an effective date of January 22, 2018 and the Company intends to file the complete report on SEDAR on or
before March 8, 2018.
An Inferred Resource of 268,000 tonnes has been estimated. Using a cut-off grade of 5.0 g/t Au and an average grade of 16.52
g/t Au, this represents an inferred resource of 142,000 oz of gold. Table 1 below provides a range of values using different cut-
off grades.
Table 1
-
Inferred Resource within the Alpine Vein
Au Cut-off
(g/t)
Tonnes > Cut-off
(tonnes)
Grade > Cut-off
Au (g/t)
Contained Au
Ozs
2.0
366,000
12.96
153,000
3.0
324,000
14.36
149,000
4.0
290,000
15.62
145,000
5.0
268,000
16.52
142,000
6.0
242,000
17.71
138,000
7.0
205,000
19.76
130,000
8.0
182,000
21.29
124,000
9.0
168,000
22.32
121,000
10.0
160,000
22.94
118,000
15.0
128,000
25.64
106,000
20.0
88,000
29.49
83,000
25.0
54,000
33.82
59,000
Data for the Alpine vein used in this resource estimate consisted of the following:
12 surface BQ diamond drill holes completed by Cominco in 1989
12 surface BTW diamond drill holes completed by Braveheart in 2017
256 underground drift and stope panel samples completed in 1988
7 underground drift and stope panel samples completed by Braveheart in 2017
Bulk density used was 2.54
Underground drift and stope samples were treated as horizontal or vertical drill holes.
Down hole surveys were available for all
drill holes and azimuth and dip information was added for all drift and stope samples.
A total of 558 gold assays were provided
with limited sampling for Ag, Pb and Zn.
A block model with blocks 20 x 20 x 1 m was superimposed over the Alpine Vein and for each block the percentage below
surface topography, the percentage within the Alpine Vein, the percentage within post mineral lamprophyre dykes and the
percentage inside underground drifts and stopes was recorded.
Grades for gold were interpolated into the block model for both
the area mined and the area remaining by Ordinary Kriging. An average gold price of US$1,300 was used in establishing the
cut-off grade of 5.0 g/t for underground mineral resources.
Phil Keele, President and CEO of Braveheart stated "We are again one step closer to realizing our goal of bringing the Alpine
Mine back to life.
At this stage of development there are no measured or indicated resources present within the Alpine Vein.
This resource report forms the basis upon which we can expand the resource by providing Braveheart with specific targets for a
diamond drilling program coupled with underground panel sampling in 2018 with the primary objective being to increase and
upgrade the mineral resource estimate. The Braveheart team is encouraged and excited about these results."
For more information on Braveheart Resources Inc. including photos please visit our website at
www.braveheartresourcesinc.com
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).
Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for
trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has approximately 42.8 million common
shares issued and outstanding.
Qualified Person
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 consultant
to
Braveheart who serves as a qualified person under the definition of National Instrument 43-
101.
Contact
Phil Keele, P.Eng,. President and CEO
780-215-4044 or
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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
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(more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those
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