EASTERN EXTENSION CONTINUES TO HOLD UPSIDE AT CROINOR GOLD PROJECT
MONTREAL, April 26 /CNW/ --
MONTREAL, April 26 /CNW Telbec/ - Blue Note Mining Inc. (TSXV: BNT) and
Critical Elements Corporation (TSXV: CRE) are pleased to announce
results from the first eleven holes of the first phase, twenty-three
hole diamond drill program undertaken to test the extensions of the
underground resources/reserves at the Croinor Gold Project located in
Val d'Or, Quebec.
The 2011 drill program which commenced in February, 2011 set out to
increase Mineral resources and Mineral reserves laterally east and west
along strike, within the current resource block and at depth (see press
release of December 6, 2010). To date, this first phase of the Croinor
drill program has been completed with 23 holes and 7,185 meters
drilled.
Assay results from holes drilled on the eastern extension of the
resource block included in the July 2010 43-101 compliant
prefeasibility study clearly establish the continuity of the
mineralized zones and demonstrate excellent potential to add resources
and reserves to the east of the current resource. Core sample analyses
of significant mineralized zones are shown in Table 1.
Seven of the eleven holes intersected significant gold grades ranging
from 1.81 g/t Au over 1.0 m in hole CR-11-387 to 11.75 g/t Au over
0.6 m in hole CR-11-382. Additional resources added in this area will
be within 250 m from surface and in proximity to the planned Croinor
infrastructure thereby minimizing development and capital requirements
and improving the economics of the project.
_________________________________________________________
|Hole no. |Section|Dip|From (m)|To (m)|Length* (m)|Au g/t|
|__________|_______|___|________|______|___________|______|
|CR-11-379 |490E |-68|225.6 |226.1 |0.5 |3.03 |
|__________|_______|___|________|______|___________|______|
|CR-11-379 | | |226.8 |227.7 |0.9 |7.03 |
|__________|_______|___|________|______|___________|______|
|CR-11-379 | | |229.4 |230.0 |0.6 |3.3 |
|__________|_______|___|________|______|___________|______|
|CR-11-379 | | |268.3 |268.8 |0.5 |3.49 |
|__________|_______|___|________|______|___________|______|
|CR-11-380 |460E |-56|194.1 |194.7 |0.6 |0.57 |
|__________|_______|___|________|______|___________|______|
|CR-11-381 |510E |-45|61.4 |61.9 |0.5 |5.69 |
|__________|_______|___|________|______|___________|______|
|CR-11-381 | | |61.9 |62.6 |0.7 |4.33 |
|__________|_______|___|________|______|___________|______|
|CR-11-382 |540E |-67|199.0 |199.6 |0.6 |11.75 |
|__________|_______|___|________|______|___________|______|
|CR-11-383 |430E |-45|85.9 |86.4 |0.5 |0.14 |
|__________|_______|___|________|______|___________|______|
|CR-11-384 |160E |-68|237.6 |238.5 |0.9 |3.0 |
|__________|_______|___|________|______|___________|______|
|CR-11-385 |160E |-59|304.0 |305.3 |1.3 |1.62 |
|__________|_______|___|________|______|___________|______|
|CR-11-386A|160E |-58|110.2 |110.7 |0.5 |0.46 |
|__________|_______|___|________|______|___________|______|
|CR-11-387 |270E |-62|248.6 |249.6 |1.0 |1.81 |
|__________|_______|___|________|______|___________|______|
|CR-11-388 |270E |-61|198.9 |199.5 |0.6 |2.13 |
|__________|_______|___|________|______|___________|______|
|CR-11-388 | | |199.5 |200.2 |0.7 |8.23 |
|__________|_______|___|________|______|___________|______|
|CR-11-394 |509E |-67|205.1 |205.9 |0.8 |4.24 |
|__________|_______|___|________|______|___________|______|
Table 1. Significant core sample intervals. *True width is estimated to
be close to the core length since drilling was executed perpendicular
to the veins.
'The results from the recent drill program are very encouraging' stated
Leon Methot, Blue Note's Chairman and CEO. 'Additional resources in
this area would enhance the economics of an already robust project. We
will continue to track the deposit east along strike as we await the
assays from the western extension and current resource block.'
Drilling is scheduled to resume in early May once all assay information
is available.
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 according to NI 43-101. 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.
John Martin, P. Eng., President and Chief Operating Officer of 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 Corporation is a Canadian mining exploration company
whose objective is to create value for its shareholders by acquiring
promising projects that can be brought into production in the short
term. The Company is focused on the rare metals and rare earths,
particularly tantalum. It has achieved its objective with the Rose
tantalum-lithium project, which is currently at the advanced
exploration stage. Based on the work programs developed and positive
results, Critical Elements Corporation is aiming to put the Rose
project into production rapidly. Rose is one of several promising
projects in this sector, most notably the rare earths projects in the
Rocky Mountains of British Columbia and the rare earths and
tantalum-niobium projects in Quebec. The Company looks for projects
that could increases its tantalum resource and enable it to become the
largest tantalum producer in North America.
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.'
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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