Drilling at Croinor returns 15.11 g/t Au over 4.1 meters, 13.12 g/t Au over 6 meters and values up to 50.76 g/t Au
20 October 2011 - 11:30PM
PR Newswire (Canada)
MONTREAL, Oct. 20, 2011 /CNW Telbec/ - Blue Note Mining Inc. and
Critical Elements Corporation are pleased to announce results from
the first five holes of a recently completed eleven hole diamond
drill program at the Croinor project, located near Val d'Or,
Quebec. The drill program was designed to extend the limits of the
mineralized lenses in the area of the current ore reserves in order
to provide additional definition required for mine planning.
Significant mineralization was found in every hole of the program
ranging from 2.01 g/t Au to 50.76 g/t Au. The best results were
returned from CR-11-413 that included two main mineralized zones
with 15.11 g/t Au over 4.1 meters (3.9 meters true width) from
186.8 to 190.9 and 17.63 g/t Au over 4.3 meters (4.2 meters true
width) from 203.7 to 208.0 meters. Significant mineralized zones
from holes CR-11-409 to CR-11-413 are as follows:
_________________________________________________________________ |
| | | From | To | Length |True Width| Au | |Hole no.
|Section|Dip|(meters)|(meters)|(meters)| (meters) |(g/t)|
|_________|_______|___|________|________|________|__________|_____|
|CR-11-409| 390-W |-66| 155.5 | 157.0 | 1.5 | 1.41 |6.63 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-409| | | 162.2 | 162.9 | 0.7 | 0.68 |3.78 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-409| | | 166.4 | 170.1 | 3.7 | 3.58 |10.92|
|_________|_______|___|________|________|________|__________|_____|
|Includes | | | 168.8 | 170.1 | 1.3 | 1.26 |19.24|
|_________|_______|___|________|________|________|__________|_____|
|Includes | | | 169.6 | 170.1 | 0.5 | 0.48 |20.70|
|_________|_______|___|________|________|________|__________|_____|
|CR-11-409| | | 176.0 | 177.0 | 1.0 | 1.0 |5.64 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-410| 360-W |-60| 143.1 | 145.3 | 2.2 | 2.13 |2.87 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-410| | | 147.6 | 148.2 | 0.6 | 0.58 |2.28 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-410| | | 186.2 | 186.8 | 0.6 | 0.58 |3.22 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-411| 380-W |-56| 159.8 | 160.3 | 0.5 | 0.50 |2.01 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-411| | | 171.9 | 172.5 | 0.6 | 0.59 |4.56 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-412| 390-W |-67| 147.2 | 148.0 | 0.8 | 0.75 |15.08|
|_________|_______|___|________|________|________|__________|_____|
|CR-11-413| 350-W |-65| 186.8 | 190.9 | 4.1 | 3.91 |15.11|
|_________|_______|___|________|________|________|__________|_____|
|Includes | | | 186.8 | 187.8 | 1.0 | 0.95 |27.61|
|_________|_______|___|________|________|________|__________|_____|
| and | | | 187.3 | 187.8 | 0.5 | 0.48 |38.92|
|_________|_______|___|________|________|________|__________|_____|
| and | | | 190.4 | 190.9 | 0.5 | 0.48 |50.76|
|_________|_______|___|________|________|________|__________|_____|
|CR-11-413| | | 198.1 | 198.8 | 0.7 | 0.67 |4.98 |
|_________|_______|___|________|________|________|__________|_____|
|CR-11-413| | | 203.7 | 209.7 | 6.0 | 5.87 |13.12|
|_________|_______|___|________|________|________|__________|_____|
|Includes | | | 203.7 | 208.0 | 4.3 | 4.20 |17.63|
|_________|_______|___|________|________|________|__________|_____|
|Includes | | | 206.1 | 207.3 | 1.2 | 1.17 |32.38|
|_________|_______|___|________|________|________|__________|_____|
|CR-11-413| | | 242.7 | 243.3 | 0.6 | 0.58 |4.97 |
|_________|_______|___|________|________|________|__________|_____|
These results from the drill program continue to demonstrate
continuity of the mineralized lenses and the potential to further
increase reserves at Croinor. 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 Techni-Lab S.G.B. Abitibi Inc. laboratory in
Ste-Germaine-Boulé, Quebec. 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." BLUE NOTE MINING INC.
CONTACT: Blue Note shareholders, please contact:Jean MayerExecutive
Vice President(800) 937-3095
x236jmayer@bluenotemining.cawww.bluenotemining.caCritical Elements
shareholders, please contact:Jean-Sébastien Lavallée,
P.GeoPresident &
CEO819-354-5146president@cecorp.cawww.cecorp.caParadox Public
Relations514-341-0408
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