Braveheart Resources – Alpine Mine Property Report
Braveheart Resources – Alpine Mine Property Report
TORONTO, ONTARIO, January 16, 2017– Braveheart Resources Inc. (TSXV: BHT)
(“Braveheart” or, the “Company”) is pleased to anno unce that it has received a technical
report recently completed on its Alpine Mine property near Nelson in southeastern British
Columbia. The report was prepa red by Bernhardt Augsten, P.Geo . on behalf of the
previous owners of the Alpine Mine property just prior to its acquisition by Braveheart.
The report summarizes field work completed on the Alpine Mine property in the summer
of 2016. The work was initiated with the purpose of attempting to trace out the exposed
portion of the Alpine vein system to the west and northwest of known occurrences in the
vicinity of t he westerly termination of the Number 6 L evel of the original Alpine Mine .
From this point the Alpine vein structure was traced i ntermittently for approximately 1.8
km to the northwest. Evidence for this was the presence of in -situ auriferous quartz
veining and quartz vein float. Samples collected along this traverse ranged in assay
values from <0.03 g/t gold to 42.3 g/t gold.
As part of the 2016 exploration a successful attempt was made to relocate the drill collars
from the 1989 diamond drilling program conducted by Cominco when they held an
option on the Alpine Mine property. At that time Cominco drilled 12 holes for a total o f
1,745.1 m from two setups on the northeast slope of the Alpine Mine property below the
lowermost underground mine workings. Some of these holes were successful in
intersecting the Alpine vein, notably hole AG89 -12, which intersected 122.46 g/t gold
over a core length of 0.7 m. This work was well-documented with detailed drill logs in a
publicly available assessment report. The fact that the location of these holes is now
precisely known allows Braveheart to use this data in their exploration s trategy g oing
forward (It also shows that the Alpine vein system exists approximately 400 m down dip
of the lowermost underground mine workings).
The 2016 report also references relatively recent (2011) exploration on peripheral vein
systems including the ‘ Black Prince’, ‘ King Solomon ’ and the ‘ Gold Crown’, which
occur on the property but have received far less historical exploration. These three are
former producing mines and are all located on the Alpine Mine property. Their
approximate locations are shown on Figure 1.
The Black Prince is located approximately 3.1 km to the northwest of the main Alpine
Mine area. Selected sampling of quartz veins in old mine dumps at the Black Prince
returned up to 71.0 g/t gold and 34 g/t silver. At the King Solomon, quartz vein samples
from old mine dumps returned up to 50.0 g/t gold and 42.2 g/t silver. The old King
Solomon workings are located approximately 1.8 km to the south -southwest of the
Alpine mine. At the old Gold Crown workings selected samples of partially oxidized
sulphide-bearing quartz vein material from mine dumps returned 267 g/t gold and 47.6 g/t
silver. The Gold Crown is located approximately 620 m to the southeast of the Alpine
Mine area.
It should be noted that all samples (with the exception of the Cominco drill intercepts) are
selected ‘grab’ samples and thus are not representative of the veins as a whole.
The relationship between these mineralized veins and the Alpine vein syst em is not
known at this time; however, they will be part of ongoing work undertaken by Braveheart
on the Alpine Mine property.
The 2016 samples were analyzed by Actlabs of Kamloops, British Columb ia. All
samples were analyzed by multi-element ICP; gold analyses were completed by fire assay
with a gravimetric finish.
Figure 1
Location Map
Braveheart’s Alpine Mine Property (shaded in blue)
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 29,714,505 common shares issued and
outstanding.
Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been
reviewed and ap proved by Mr. Jim Decker, P.Eng. , a director of Braveheart who serves
as a qualified person under the definition of National Instrument 43-101.
Contact
David W. Johnston, President and CEO, Director
403-701-2781
Website: http://www.braveheartresourcesinc.com
Caution Regarding Forward-Looking Information
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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 -
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that, while considered reasonable, are subject to known and unkno wn risks, (more)
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differ materially from those expressed or implied by such forward -looking information
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