Canadian Critical Minerals Inc. Accepts Delivery of an Ore Sorter for Bull River Mine
Canadian Critical Minerals Inc. Accepts
Delivery of an Ore Sorter for Bull River Mine
Calgary, Alberta--(Newsfile Corp. - November 13, 2023) - Canadian Critical Minerals Inc.
(TSXV: CCMI)
(OTCQB: RIINF)
("
CCMI
" or the "
Company
") is pleased to announce that it has accepted delivery of
an ore sorter at the Bull River Mine ("
BRM
" or the "
Project
") on November 11, 2023, from Bayhorse
Silver Inc.
(TSXV:
BHS)
.
The Company has agreed to rent a Steinert KSS 100 X-Ray Transmissive
Ore-Sorter from Bayhorse to upgrade stockpiled mineralized material at BRM.
Previously, the Company announced that it had entered into an Ore Purchase Agreement ("
OPA
") with
New Afton (see press release dated October 5, 2023, on Sedar+).
Under the terms of the OPA, CCMI
will deliver up to 90,000 tonnes of mineralized material from the Bull River Mine to the New Afton Mine
near Kamloops, British Columbia over a period of two years.
The Company currently has a large
stockpile of approximately 180,000 tonnes of mineralized copper, gold and silver material on surface at
BRM.
Material will be screened and crushed and then sorted prior to transporting to the New Afton mill
facility.
Ore sorting will separate low grade and waste from higher grade material so that only higher-
grade material will be trucked.
CCMI began crushing and screening of stockpiled material in early November 2023.
The Company
plans to begin reassembly and re-commissioning of the ore sorter in November 2023.
The Company is
currently reviewing options for transportation of concentrated mineralized material to New Afton by truck
and/or rail.
Ian Berzins, President and CEO of CCMI commented, "We are extremely pleased to have the ore sorter
safely delivered to the mine site.
Once the sorter is operational, we can begin sending concentrated
material to New Afton, thereby generating revenues from the surface stockpile.
Proceeds from the OPA
will be used to continue with final permitting of the Project, on-going care and maintenance costs and
further capital upgrades at the Project.
We are very interested to assess the applicability of ore sorting
on our mineralized material on a large-scale basis as a grade control strategy. Bull River may become
the first copper mine in North America to utilize X-Ray Transmissive Ore Sorting technology on a
commercial scale.
Potentially, ore sorting can be integrated into the BRM milling operation in the longer
term. By first renting the ore sorter from BHS, we can gain operational knowledge prior to purchasing a
new machine."
About Canadian Critical Minerals Inc.
CCMI 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
also owns a 39% interest in the 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/187150