Toronto, Ontario - Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) is pleased to announce the progress on its Bulk Sampling project on its Referendum gold property in southeastern British Columbia. Mr. David W Johnston, President, reports that two hundred and fifty (250 tons) of an initial 1000 ton sample has been excavated and hauled to a storage yard on Silver King Road in Nelson BC. Mineralized material will be used to continue testing the metalurgical process. Assaying has started at Met-Solve Ananalytical Services and results will be announced when they become available. Both excavating and hauling work has paused for the winter and will resume in early spring when snow plowing costs will not be a factor. Access on existing Forest Service roads systems have proven to be a valuable asset to the company.
In addition, the Company announces that it is doing a financing of up to $500,000 comprised of units and flow through units at $0.05. Each unit includes one common share and a warrant which entitles the holder to acquire one additional common share at a price of $0.10 for 18 months. The flow through units include one common share and one-half warrant where each warrant entitles the holder to acquire one additional common share at $0.10 for 18 months. The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital.
About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart (formerly Rainbow Resources Inc) consolidated its shares in November, 2014 on a 1 for 10 basis (see press release November 26, 2014) and has approximately 5,004,705 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 director of Braveheart who serves as a qualified person under the definition of National Instrument 43-101.
Braveheart Resources Inc
David W. Johnston
Website: www.braveheartresourcesinc.com (currently under construction)
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 assumptionsthat, while considered reasonable, are subject to known and unknown risks, 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.
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