Canadian Critical Minerals Provides Progress Report on Bull River Mine Project
Canadian Critical Minerals Provides Progress
Report on Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - May 14, 2024) - Canadian Critical Minerals Inc.
(TSXV: CCMI)
is
pleased to report that it has received additional revenues for the Company from the sale of stockpiled
copper, gold and silver mineralized material at the Bull River Mine ("
BRM
") project near Cranbrook, BC.
During the month of April 2024, the Company trucked 362 wet metric tonnes ("
wmt
") of mineralized
material to New Afton and the Company received a provisional payment of approximately US$72,445 for
the April shipments.
The mineralized material sent to New Afton graded 2.96% Cu, 0.62 g/t Au and 23.1
g/t Ag.
The Company is using a Steinert KSS 100 X-Ray Transmissive Ore Sorter ("
Ore Sorter
") to pre-
concentrate coarse mineralized material from a large surface stockpile at the BRM prior to transporting
to New Afton for processing under an Ore Purchase Agreement ("
OPA
") (see press release dated
October 5, 2023, on Sedar+).
Road restrictions, that were imposed by the Ministry of Transportation and
Infrastructure of British Columbia on February 24, 2024, to 70% of normal loads in the Cranbrook area,
were finally removed on April 24, 2024.
The Company has now resumed trucking operations.
Ian Berzins, President and CEO commented, "With road restrictions now removed in the Cranbrook
area, we expect to increase sending high-grade, pre-concentrated stockpile material to New Afton. The
run of mine mineralized material from the surface stockpile grades 1.39% copper, 0.29 g/t gold and 11
g/t silver, so we are still seeing grade improvements of over 200% for all metals using the ore sorter.
The
stockpile is not totally homogeneous in terms of grade, so we expect to see some fluctuation in results in
coming months."
Qualified person
CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and
approved by Gary Low, P.Geo., 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.
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 34% 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/209194