Canadian Critical Minerals Inc. announced 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. 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. 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." Classification, Cutoff CuEq (%), In situ Grades, Metal, Tonnage (Ktonnes), CuEq (Ktonnes), Cu Eq (%), Cu (klbs), Au (oz), Ag (oz), Ag (oz). The Bull River Mine is fully developed and dewatered with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels to a depth of 350 metres below surface. The surface infrastructure includes a 700 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities.
The property is connected to grid power and there is year-round access to the site by paved and all-weather roads. Qualified Person. Accordingly, readers should not place undue reliance on forward-looking information contained in this news.
