Braveheart Resources Inc. Commences Diamond Drilling Program at its Alpine Mine Property near Nelson BC
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Braveheart Resources Inc. Commences Diamond Drilling Program
at its Alpine Mine Property near Nelson BC
TORONTO, ONTARIO , (Newsfile Corp. – August 29, 2017) - Braveheart Resources Inc.
(TSXV: BHT) ("Braveheart" or, the "Company" ) announces the commencement of its planned
2017 Drilling Program. This follows its success in recently completing the last tranche of a non-
brokered private placement financing consisting of 125,000 flow-through units at $0.06 per flow-
through unit and 1,600,000 units at $0.06 per unit for gross proceeds of $103,500.
This results in an oversubscr ibed total financing raise of $804,000 and will finance the 2017
drilling program and general workin g capital. All securities issued pursuant to the financing will
be subject to a four month hold period.
Phil Keele, Braveheart President and CEO stated . “The objective of this drilling program is
to improve our understanding of the gold potential on the down dip si de of the vein structure at
the Alpine Mine Property ( "Alpine"). Alpine has a rich histor y of gold production primarily
dating back to the 1930’s and 40’s. These workings still exist today. This drilling will improve
our estimate of what additional gold resource potentially exists on this exciting, high grade
property. Drilling core holes that intersect the vein structure and then analyzing the core in a
qualified laboratory enables us to do just that. We are confident that our drilling contractor,
Lucky Drilling Ltd, supported by the competent se rvices of TerraLogic Exploration Inc. and
Masse Environmental Consultants Ltd., will enable the completion of a series of strategically
selected drill holes safely, efficiently, on budget a nd in an environmentally sensitive manner. I
am grateful to all of our shareholders that believe, like I do, in the value of Braveheart Resources
Inc. and the growth of its suite of BC gold properties.”
Key Highlights:
This fully funded drilling program will in clude mapping, geological sampling and
surveys, laboratory work and conceptual mine planning that will extend through
2017.
The program consists of approximately 1,500 meters of diamond drilling.
The drilling permit is valid for 5 years.
According to historical reco rds, maintained by BC Mi nistry Energy and Mines,
Alpine produced more than 16,000 tonnes of mineralized material generating more
than 11,000 oz Au over its life.
An extensive sampling program is being conducted on mineralized dumps located at
Alpine. This will be compared to historic al work performed by Cove Resources in
1989.
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A selective rock sampling program undert aken on mineralized dumps in 2011 at
Braveheart’s Black Prince, Gold Crown and King Solomon mines indicated that
significant gold grades can occur.
For more information on Braveheart Resou rces Inc. including photos visit our
website at www.braveheartresourcesinc.com
About Braveheart Resources Inc.
Braveheart is a Canadian based junior explor ation company focused on building shareholder
wealth through aggressive explor ation 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
34,581,173 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 consulta nt to Braveheart who se rves as a qualified
person under the definition of National Instrument 43-101.
Contact
Phil Keele, P.Eng., President and CEO
780-215-4044
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under
applicable Canadian securities legislation. Forward- looking information includes, but is not limited to,
statements about strategic plans, future work pr ograms and objectives and expected results from such
work programs. Forward-looking information is necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown risks, (more)
uncertainties, and other factors which may cause the actua l results and future events to differ materially
from those expressed or implied by such forward-l ooking information and the risks identified in the
Company's continuous disclosure record. There can be no assurance that such information will prove to
be accurate, as actual results and future events coul d differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward-looking information.
All forward-looking information contained in this news release is given as of the date hereof and is based
upon the opinions and estimates of management and info rmation available to management as at the date
hereof. The Company disclaims any intention or ob ligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as required by law.
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 of this news release.