Canadian Critical Minerals Begins Drilling at Thierry Mine Project
Canadian Critical Minerals Begins Drilling at
Thierry Mine Project
Calgary, Alberta--(Newsfile Corp. - July 5, 2023) - Canadian Critical Minerals Inc.
(TSXV: CCMI)
(OTCQB: RIINF)
("
Canadian Critical Minerals
" or the "
Company
") is pleased to announce that
exploration drilling has begun at the Thierry Mine Project near Pickle Lake, Ontario effective July 6,
2023.
The 2023 summer program is designed for approximately 2,500 metres of diamond drilling and will
focus on expanding upon the K1-1 deposit which is a large tonnage, near surface deposit located
approximately 3 km from the past producing Thierry Mine.
The K1-1 deposit has a current Inferred
Mineral Resource within an optimized Whittle pit shell consisting of the following: 53,614,000 tonnes
grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt and 0.14 g/t Pd at a NSR of C$12/tonne
(see NI 43-10 Technical Report filing on SEDAR dated February 22, 2021).
The current Inferred Resource at K1-1 does not include results from a 7,218-foot drilling program
completed by Cadillac Ventures Inc. in the summer of 2012.
Eight diamond drill holes were completed
outside of the optimized Whittle shell and each hole intersected mineralization with assayed grades
comparable to, or better than, those in the current Inferred Resource.
Results of this program are
included below and can be viewed on SEDAR (see press release by Cadillac Ventures Inc. of
September 13, 2012).
Assay highlights from 2012 Drilling Program by Cadillac Ventures Inc.
Hole #
From (ft)
To (ft)
Length (ft)
Cu %
Ni %
K-12-43
139.5
213
73.5
0.39
0.07
K-12-44
44.6
55
10.4
0.34
0.05
378.5
391.5
13
0.43
0.09
K-12-45
98.5
108
9.5
0.37
0.08
135
153.5
18.5
0.34
0.05
325
353
28
0.32
0.06
369
430
61
0.34
0.08
K-12-46
88.3
116
27.7
0.37
0.13
240
323
83
0.33
0.10
540
550
10
0.42
0.15
612.5
622.5
10
0.41
0.09
K-12-47
395
435
40
0.33
0.16
460
505
45
0.31
0.14
680.8
785
104.2
0.35
0.09
847
901.5
54.5
0.33
0.08
984
999
15
0.36
0.10
K-12-48
657.5
692.5
35
0.55
0.14
759.5
984.5
225
0.48
0.11
including
824.3
984.5
160.2
0.51
0.10
1003.3
1027.4
24.1
0.59
0.12
1047.4
1074
26.6
0.33
0.14
1137
1228
91
0.36
0.09
1243
1310
67
0.30
0.11
1325
1343.75
18.75
0.30
0.07
K-12-49
795
1105
310
0.37
0.08
including
935
1105
175
0.42
0.10
1135
1170
35
0.31
0.09
1190
1255
65
0.37
0.09
1280
1320
40
0.50
0.10
K-12-50
635.5
685
49.5
0.38
0.07
695
710
15
0.36
0.08
725
870
145
0.49
0.12
895
955
60
0.30
0.12
1080
1098.5
18.5
0.31
0.10
Ian Berzins, President and CEO, commented, "We are pleased to begin our initial drilling program at the
Thierry Mine project with specific focus on the K1-1 deposit. We plan to build on the results of previous
operators.
The program is being supervised by Brian Newton who is intimately familiar with the project
having supervised previous programs.
We believe there is significant potential to expand upon the
current Inferred Resource at K1-1."
Qualified person
CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and
approved by Brian H. Newton P.Geo., of Minroc Management Limited who serves as a Consultant to the
Company and is a Qualified Person under the definition of National Instrument 43-101.
About Canadian Critical Minerals Inc.
Canadian Critical Minerals Inc. is a mining company primarily focused on two near-term copper
production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (>135
million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing
copper, gold and silver. CCMI's latest acquisition is the 100% owned Thierry Mine project (>1.3 billion
lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver,
palladium, platinum and gold.
Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E:
Website:
www.canadiancriticalmineralsinc.com
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 programs and objectives and expected results from such
work programs. Forward-looking information necessarily involve known and unknown risks, including,
without limitation, risks associated with general economic conditions; inability to access sufficient
capital from internal and external sources, and/or inability to access sufficient capital on favourable
terms; and other risks.
Forward-looking information is necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors
which may cause the actual results and future events to differ materially from those expressed or
implied by such forward-looking 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 could 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 information available to management as at the date
hereof. The Company disclaims any intention or obligation 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 Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/172454