Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB:RIINF) (“CCMI” or the “Company“) is pleased to announce a 10% increase in copper and a 15% increase in gold in a new Mineral Resource for the Bull River Mine, near Cranbrook, B.C. The Mineral Resource Estimate (“MRE”) was independently prepared by Moose Mountain Technical Services (“MMTS”) under the supervision of Sue Bird, P.Eng. The Mineral Resource includes mineralized material from the surface stockpile of run of mine material that was previously not included in the Mineral Resource estimate.
Highlights:
- Total Indicated Mineral Resource of 2.9Mt grading 1.58% Cu, 0.389 g/t, and 13.3 g/t Ag.
- Total Inferred Mineral Resource of 1.6Mt grading 1.43% Cu, 0.388 g/t Au, and 12.1 g/t Ag.
- Inclusion of stockpile and increase in metal prices have resulted in the Indicated Resource to increase by 11% in the Cu metal and 17% in the gold metal content compared to the previous, 2021 MRE.
The current surface Mineral Resource has an effective date of December 31, 2024. The surface stockpile Mineral Resource is not based on a Cutoff grade (“COG”) because the material is already on surface and the entire stockpile is reported. As of December 31, 2024, the Company had trucked 6,737 tonnes of pre-concentrated high-grade mineralized material to New Afton under an Ore Purchase Agreement (“OPA”). Under the OPA, New Afton performed assay services on all trucked material as well as low grade mineralized material that was rejected from the ore sorting process. The December 31, 2024 stockpile resource is estimated at 173,263 tonnes of mineralized material grading 1.092% copper, 0.232 g/t gold and 9.1 g/t silver. As a result, there are 4,172,800 lbs of copper, 1,292 ounces of gold and 50,507 ounces of silver in the stockpile resource.
Ian Berzins, President and CEO commented, “We are extremely pleased with the results of the up-dated Mineral Resource including underground and surface mineralized material. During the period November 2023 to August 2024, the Company crushed and screened 180,000 tonnes of mineralized run of mine material already on surface in a stockpile. Subsequently, the Company sorted coarse material through an ore sorter and both the high-grade material that was sent to New Afton plus the lower grade material that was rejected by the sorter and not trucked to New Afton were assayed for copper, gold and silver. As a result, 5,177,900 lbs of CuEq mineralized material were added to the current Mineral Resource at Bull River.”
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