Blue Note Extends High Grade Gold West of Croinor and Hits Gold Mineralization Down to 650m at Depth
MONTREAL, Aug. 25, 2011 /CNW/ --
MONTREAL, Aug. 25, 2011 /CNW Telbec/ - Blue Note Mining Inc. (TSXV: BNT)
and Critical Elements Corporation (TSXV: CRE) are pleased to announce
results of the recent Croinor diamond drill program which clearly
demonstrate that Croinor's gold mineralization extends substantially to
the west and at a depth of at least 654m while still open in all
directions.
'We are very excited with these results as they indicate that Croinor's
current reserve which is within 250m from surface may very well extend
significantly both along strike and at depth', stated Leon Methot,
President & CEO.
Six of the seven holes from the 2,765 meters drill program were drilled
between sections 650W and 810W to test the continuity of significant
intersections from the winter drill program that included 21.70 g/t
gold over 1.0 meter and 28.15 g/t gold over 1.0 meter in CR-11-395 on
Section 750W (see press release dated May 18, 2011). Several
intersections at a vertical depth varying from 200 to 285 meters, are
interpreted as west extensions of mineralized zones in the current ore
reserve.
New deeper gold mineralized zones were also identified and it is
anticipated that additional resource will be developed to the west of
the current ore reserves based on the positive results of the 2010-2011
diamond drill programs (Figure 1).
Significant gold mineralized intersections from holes CR-11-402 to
CR-11-407 are shown in Table 1.
________________________________________________________
|Hole no. |Section|Dip| From|To (m)|Core Length*|Au (g/t)|
|_________|_______|___|_____|______|____________|________|
|CR-11-402| 690-W|-65|333.2| 333.7| 0.5| 5.26|
|_________|_______|___|_____|______|____________|________|
|CR-11-402| | |346.3| 347.3| 1.0| 0.54|
|_________|_______|___|_____|______|____________|________|
|CR-11-402| | |352.9| 353.8| 0.9| 2.64|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| 650-W|-70|318.4| 318.9| 0.5| 1.78|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |320.9| 322.9| 2.0| 6.66|
|_________|_______|___|_____|______|____________|________|
|Includes | | |321.9| 322.9| 1.0| 11.94|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |359.7| 360.7| 1.0| 5.74|
|_________|_______|___|_____|______|____________|________|
|Includes | | |359.7| 360.2| 0.5| 11.20|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |360.7| 361.2| 0.5| 1.48|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |387.5| 388.0| 0.5| 1.90|
|_________|_______|___|_____|______|____________|________|
|CR-11-403| | |389.5| 390.7| 1.2| 6.66|
|_________|_______|___|_____|______|____________|________|
|Includes | | |390.0| 390.7| 0.7| 11.40|
|_________|_______|___|_____|______|____________|________|
|CR-11-404| 650-W|-65|234.3| 239.3| 5.0| 3.74|
|_________|_______|___|_____|______|____________|________|
|Includes | | |234.3| 235.0| 0.7| 17.15|
|_________|_______|___|_____|______|____________|________|
|CR-11-404| | |240.8| 241.3| 0.5| 1.04|
|_________|_______|___|_____|______|____________|________|
|CR-11-404| | |242.8| 243.3| 0.5| 2.59|
|_________|_______|___|_____|______|____________|________|
|CR-11-404| | |262.5| 264.5| 2.0| 3.92|
|_________|_______|___|_____|______|____________|________|
|Includes | | |262.5| 263.0| 0.5| 6.77|
|_________|_______|___|_____|______|____________|________|
|And | | |264.0| 264.5| 0.5| 8.04|
|_________|_______|___|_____|______|____________|________|
|CR-11-405| 690-W|-65|235.6| 236.6| 1.0| 1.14|
|_________|_______|___|_____|______|____________|________|
|CR-11-405| | |236.6| 238.2| 1.6| 11.15|
|_________|_______|___|_____|______|____________|________|
|Includes | | |236.6| 237.6| 1.0| 14.59|
|_________|_______|___|_____|______|____________|________|
|CR-11-405| | |241.5| 243.1| 1.6| 3.18|
|_________|_______|___|_____|______|____________|________|
|Includes | | |241.5| 242.0| 0.5| 6.85|
|_________|_______|___|_____|______|____________|________|
|CR-11-405| | |251.9| 254.5| 2.6| 4.88|
|_________|_______|___|_____|______|____________|________|
|Includes | | |252.4| 252.9| 0.5| 21.05|
|_________|_______|___|_____|______|____________|________|
|CR-11-406| 810-W|-65|146.6| 147.2| 0.6| 0.67|
|_________|_______|___|_____|______|____________|________|
|CR-11-406| | |150.8| 151.6| 0.8| 0.82|
|_________|_______|___|_____|______|____________|________|
|CR-11-406| | |183.5| 184.1| 0.6| 3.19|
|_________|_______|___|_____|______|____________|________|
|CR-11-407| 810-W|-65|252.0| 252.6| 0.6| 7.20|
|_________|_______|___|_____|______|____________|________|
|CR-11-407| | |265.2| 266.1| 0.9| 1.89|
|_________|_______|___|_____|______|____________|________|
*Based on the current interpretation, holes CR-11-402 to CR-11-407 were
drilled approximately perpendicular to the mineralized zones, and core
length intervals in these holes are considered to closely approximate
true widths. However, more detailed drilling is required to accurately
determine true widths.
Mineralization at Depth - Hole CR-11-408
At Croinor, diamond drill holes are typically drilled from north to
south and oriented to cut the mineralized zones at a high to
perpendicular angle. However, hole CR-11-408 was drilled from south to
north to follow the diorite sill at depth to investigate new potential
mineralized zones. The hole was drilled to 751 meters (660 meters
vertical). Numerous mineralized zones were encountered throughout the
hole from a vertical depth of 51 meters through 654 meters.
Results from hole CR-11-408 clearly demonstrate that Croinor's type and
density of mineralization extend to 654m at depth and is still open in
all directions.
Significant gold mineralized intersections from hole CR-11-408 are shown
in Table 2.
________________________________________________________
|Hole no. |Section|Dip| From|To (m)|Core Length*|Au (g/t)|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| 750-W|-60| 58.0| 59.0| 1.0| 1.52|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | | 90.0| 96.6| 6.6| 0.89|
|_________|_______|___|_____|______|____________|________|
|Includes | | | 90.0| 90.6| 0.6| 4.50|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |108.0| 109.5| 1.5| 7.57|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |108.0| 109.0| 1.0| 9.70|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |121.4| 121.9| 0.5| 2.62|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |141.5| 142.1| 0.6| 1.43|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |147.9| 161.7| 13.8| 1.01|
|_________|_______|___|_____|______|____________|________|
|Includes | | |148.4| 149.4| 1.0| 3.54|
|_________|_______|___|_____|______|____________|________|
|And | | |158.7| 159.4| 0.7| 2.24|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |213.8| 215.0| 1.2| 5.64|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |228.0| 230.2| 2.2| 1.38|
|_________|_______|___|_____|______|____________|________|
|Includes | | |229.4| 230.2| 0.8| 2.54|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |290.7| 291.4| 0.7| 1.40|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |345.8| 350.1| 4.3| 2.65|
|_________|_______|___|_____|______|____________|________|
|Includes | | |345.8| 347.1| 1.3| 6.21|
|_________|_______|___|_____|______|____________|________|
|Includes | | |346.4| 347.1| 0.7| 11.03|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |355.4| 355.9| 0.5| 1.27|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |357.4| 366.0| 8.6| 2.48|
|_________|_______|___|_____|______|____________|________|
|Includes | | |357.4| 359.6| 2.2| 5.55|
|_________|_______|___|_____|______|____________|________|
|And | | |362.2| 363.2| 1.0| 5.52|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |365.1| 366.0| 0.9| 2.81|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |372.4| 375.8| 3.4| 1.29|
|_________|_______|___|_____|______|____________|________|
|Includes | | |372.4| 373.3| 0.9| 2.64|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |404.9| 405.4| 0.5| 1.40|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |552.2| 554.4| 2.2| 2.57|
|_________|_______|___|_____|______|____________|________|
|Includes | | |553.8| 554.4| 0.6| 7.48|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |683.2| 683.7| 0.5| 1.95|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |692.2| 692.7| 0.5| 2.45|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |707.3| 713.0| 5.7| 0.60|
|_________|_______|___|_____|______|____________|________|
|Includes | | |710.2| 710.8| 0.6| 2.52|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |732.8| 733.5| 0.7| 0.50|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |741.1| 742.3| 1.2| 0.50|
|_________|_______|___|_____|______|____________|________|
|CR-11-408| | |743.6| 744.1| 0.5| 0.84|
|_________|_______|___|_____|______|____________|________|
*True widths of the mineralized zones in CR-11-408 could not be
determined due to insufficient information.
A follow-up drill program is planned based on these latest results.
The drill program was carried out by Forages La Virole and was
supervised by InnovExplo personnel under Carl Pelletier P.Geo., a
qualified and independent person as defined under NI 43-101 guidelines.
Gold values were determined by fire assay and AAS, or fire assay and
gravimetric analyses if over 3 g/t, at the ALS Laboratory Group,
Minerals Division laboratory in Val d'Or.
Arthur Hamilton, P.Geo., Exploration Manager for Blue Note Mining Inc.
is a Qualified Person as defined under NI 43-101 guidelines and has
reviewed the technical information contained in this release.
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company
headquartered in Montreal with properties located in known gold regions
of Canada, including the prolific Val-d'Or region of Quebec and
northern New Brunswick.
About Critical Elements Corporation
Critical Elements is actively developing its 100%-owned Rose
lithium-Tantalum flagship project located in Quebec. The project hosts
a current new NI 43-101 compliant Indicated resource of 26.5 million
tonnes of 1.30% LI(2)O Eq. or 0.98% LI(2)O and 163 ppm Ta(2)0(5) and Inferred resource of 10.7 million tonnes of 1.14% LI(2)O Eq. or 0.86% LI(2)O and 145 ppm Ta(2)0(5).
Critical Elements has commissioned a prefeasibility study for the
project from Genivar, one of the largest independent engineering firms
in Canada. Genivar is also doing an environmental study, and Acme
Metallurgical Ltd. of Vancouver is carrying out project metallurgy.
Critical Elements' portfolio also includes rare-earth and
Tantalum-Niobium projects in the Rocky Mountains of British Columbia
and in Quebec, as well as a 50% interest in the Croinor project, which
is located in Quebec and hosts a current NI 43-101 compliant measured
and indicated resource of 814,228 tonnes at 9.11 g/t Au, for 238,414
ounces of gold at a 5 g/t cut-off.
Forward-Looking Statements
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that
involve risks and uncertainties. Although the company believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurances that its expectations
will be achieved. Factors that could cause actual results to differ
materially from expectations include the effects of general economic
conditions, actions by government authorities, uncertainties associated
with contract negotiations, additional financing requirements, market
acceptance of the Company's products, technical uncertainties
associated with operating an underground mine and competitive
pressures. These factors and others are more fully discussed in Company
filings with Canadian securities regulatory authorities.
'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 or accuracy of this release.'
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/August2011/25/c6118.html
Blue Note shareholders, please contact:
Jean Mayer
Executive Vice President
(800) 937-3095 x236
jmayer@bluenotemining.ca
www.bluenotemining.ca
Critical Elements shareholders, please contact:
Jean-Sébastien Lavallée, P.Geo
President & CEO
819-354-5146
president@cecorp.ca
www.cecorp.ca
Paradox Public Relations
514-341-0408
