TORONTO, ONTARIO, (Newsfile Corp. – October 3, 2017) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces the completion of its 2017 Diamond Drilling Program at the Alpine Mine property (Alpine) with more than 1,600 meters drilled in 11 holes, surpassing the Company's original target of 1,500 meters. While analytical results are pending for six holes, initial results are very encouraging with a best assay from Hole AL17004 returning 11.8 g/t Au over 1.5m (including 29.6 g/t Au over 0.5m).
Phil Keele, Braveheart President and CEO stated, “The objective of the program was to improve our understanding of the gold potential on the down dip side of the vein structure at Alpine. While much of the lab work on core samples is still pending, I can confirm that quartz vein material was intersected in 10 of the 11 holes. Historical information has shown that mineralization typically occurs in and around the main quartz vein structure at Alpine. I am also pleased to announce that lab results have been received for five drill holes where mineralized material was intersected. These results can be seen in Table 1 below. Further analyses will be released as the information becomes available but we are excited by these results so far. Our thanks go out to our contractors, Lucky Drilling Ltd, supported by the services of TerraLogic Exploration Inc. and Masse Environmental Consultants Ltd. who were able to complete the diamond drilling program lost-time and accident free and under budget. A job well done.”
Table 1 - Initial Drill Hole Assays
*Gravimetric analysis (FA-GRA) completed on all over-detection (>5 g/t Au) fire assay results
Table 2 in the attached Appendix provides a summary of the drilling program. Figure 1 shows the location of the drill holes in relation to the historical Alpine Mine workings.
Notes on analytical techniques
All core was analyzed by Activation Laboratories Inc. of Kamloops, BC utilizing an industry standard 30 elements ICP-MS technique following an aqua-regia digestion (UT-1M). In addition, all mineralized core was analyzed for gold on a large 500g split by fire-assay with an AA finish (1A2). A comprehensive external QAQC procedure was employed by Terralogic which included regular and strategic inclusions of blanks, standards and duplicates into the sampling stream.
About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favourable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 41,514,505 common shares issued and outstanding.
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a consultant to Braveheart who serves as a qualified person under the definition of National Instrument 43-101.
Phil Keele, P.Eng,. President and CEO
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 is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) 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 Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.
Table 2 - Drilling Summary
Figure 1 - Drill Hole Location Map