Braveheart Resources Inc. Commences Diamond Drilling Program at its Alpine Mine Property near Nelson BC

TORONTO, ONTARIO, (Newsfile Corp. – August 29, 2017) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces the commencement of its planned 2017 Drilling Program. This follows its success in recently completing the last tranche of a non-brokered private placement financing consisting of 125,000 flow-through units at $0.06 per flow-through unit and 1,600,000 units at $0.06 per unit for gross proceeds of $103,500.  

This results in an oversubscribed total financing raise of $804,000 and will finance the 2017 drilling program and general working capital. All securities issued pursuant to the financing will be subject to a four month hold period.

Phil Keele, Braveheart President and CEO stated, “The objective of this drilling program is to improve our understanding of the gold potential on the down dip side of the vein structure at the Alpine Mine Property ("Alpine"). Alpine has a rich history of gold production primarily dating back to the 1930’s and 40’s. These workings still exist today. This drilling will improve our estimate of what additional gold resource potentially exists on this exciting, high grade property.  Drilling core holes that intersect the vein structure and then analyzing the core in a qualified laboratory enables us to do just that. We are confident that our drilling contractor, Lucky Drilling Ltd, supported by the competent services of TerraLogic Exploration Inc. and Masse Environmental Consultants Ltd., will enable the completion of a series of strategically selected drill holes safely, efficiently, on budget and in an environmentally sensitive manner. I am grateful to all of our shareholders that believe, like I do, in the value of Braveheart Resources Inc. and the growth of its suite of BC gold properties.”

Key Highlights: 

  • This fully funded drilling program will include mapping, geological sampling and surveys, laboratory work and conceptual mine planning that will extend through 2017.
  • The program consists of approximately 1,500 meters of diamond drilling.
  • The drilling permit is valid for 5 years.
  • According to historical records, maintained by BC Ministry Energy and Mines, Alpine produced more than 16,000 tonnes of mineralized material generating more than 11,000 oz Au over its life.
  • An extensive sampling program is being conducted on mineralized dumps located at Alpine.  This will be compared to historical work performed by Cove Resources in 1989.
  • A selective rock sampling program undertaken on mineralized dumps in 2011 at Braveheart’s Black Prince, Gold Crown and King Solomon mines indicated that significant gold grades can occur.  
  • For more information on Braveheart Resources Inc. including photos visit our website at www.braveheartresourcesinc.com

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).  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 34,581,173 common shares issued and outstanding.

Qualified Person
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. 

Contact
Phil Keele, P.Eng., President and CEO
780-215-4044
pkeele@shaw.ca

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. 

Appendix

 

Alpine Mine looking to the North

2017 Drill Target Zone


Helicopter delivering components for drilling

Men working on drill pad construction

Braveheart Resources Inc. Closes Financing

TORONTO, ONTARIO, July 28, 2017 -- Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed the first tranche of a non-brokered private placement financing consisting of 2,166,667 flow-through units at $0.06 per flow-through unit and 5,333,333 units at $0.06 per unit for gross proceeds of $450,000.  The Company intends to close additional tranches of the financing for gross proceeds of up to $750,000 comprised of either units or flow-through units.

The units are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.12 per share for 24 months. The flow-through units are comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.12 per share for 24 months.

The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital. All securities issued pursuant to the financing will be subject to a four month hold period.

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). 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 34,581,173 common shares issued and outstanding.

Qualified Person
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. 

Contact
Phil Keele, P.Eng,. President and CEO
780-215-4044
pkeele@shaw.ca

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.

Braveheart Resources Appoints Phil Keele as President

TORONTO, ONTARIO, May 30, 2017 -- Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") is pleased to announce that it has appointed Phil Keele to the position of President and Chief Executive Officer. The Company believes that Mr. Keele brings valuable expertise to Braveheart’s operations as it moves forward to explore and develop its Alpine Mine property (“the Property”) near Nelson in southeastern British Columbia.
Mr. Keele holds a B.Sc. in Mining Engineering from Queens University and is a registered professional engineer in the Province of Alberta. He has more than 30 years’ experience in all facets of the mining industry particularly in engineering, operations and senior management. Mr. Keele retired from Canadian Natural Resources Limited (CNRL) in 2016 where he held the position of VP, Mining. Prior to joining CNRL, Mr. Keele held senior positions with another major Canadian mining company in western Canada.

David Johnston, who will now become Chairman of the Board, stated: “Phil has a wealth of practical mining experience that will be of tremendous benefit to Braveheart as we continue our strategy of developing high grade gold deposits. The board is pleased that Phil has agreed to take on this responsibility.”

Mr. Keele responded: “I am excited to become more active in Braveheart’s exploration and development operations, especially with the past producing Alpine Mine property which I believe continues to have great potential. I also look forward to working closely with Aaron Matlock, our Chief Operating Officer.”

Braveheart’s interest in the Alpine Mine project is pursuant to an option agreement whereby Braveheart can acquire 100% of the high-grade gold property in the West Kootenay region of British Columbia and thus increase its land holdings in the area to over 12,000 hectares.
"The Alpine Mine property is located in a highly favorable geological environment and is an ideal fit for Braveheart as we continue our strategy of developing high grade gold targets," explained COO Aaron Matlock "Our prospecting and geological team will be considering fresh interpretations and potential new exploration and development options with regards to this important Property."

The 2,177-hectare Property is approximately 20 km northeast of Nelson within which is the Alpine Mine, a former operating underground mine with a recorded production of approximately 17,000 tonnes between 1938 and 1948. This material contained approximately 11,500 oz of gold, 7,200 oz of silver, 49 tonnes of lead and 17 tonnes of zinc.

Braveheart has developed a comprehensive exploration program for the Alpine Mine property in 2017. Fund raising is almost complete for the program which will include helicopter assisted diamond drilling, road rehabilitation, prospecting, sampling of old mine workings and dumps to corroborate technical information from work done on the Property by previous owners. Exploration permit applications have been submitted to the BC Ministry of Mines and Energy. Ground activities are anticipated to begin in late June.

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 currently has 31,314,505 common shares issued and outstanding.

Qualified Person
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. 

Contact
Phil Keele, P.Eng,. President and CEO
780-215-4044
pkeele@shaw.ca

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. 

Braveheart Resources Inc.– Appoints Director to Board and Grants Options

TORONTO, ONTARIO, April 17, 2017 -- Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) is pleased to announce the appointment of Phil Keele to the Board of Directors.
Mr. Keele holds a B.Sc. in Mining Engineering from Queen's University and is a registered professional engineer in the Province of Alberta. He has more than 30 years experience in all facets of the mining industry particularly in engineering, operations and senior management. Mr. Keele retired from Canadian Natural Resources Limited (CNRL) in 2016 where he held the position of VP, Mining. Prior to joining CNRL, Mr. Keele held senior positions with a major Canadian mining company in western Canada.

The board is delighted to welcome Mr. Keele to the board. Mr. Keele's experience and expertise will benefit the company's development immensely and we look forward to the results of his role and leadership with Braveheart

In addition, the Company announces that it is doing a financing of up to $750,000 comprised of units and flow through units at $0.06. Each unit includes one common share and a warrant which entitles the holder to acquire one additional common share at a price of $0.12 for 24 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 $0.12 for 24 months. The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital.

In addition, the Company also announces the granting of up to 3,000,000 options at a strike price of $0.06 and an expiry date of five years to officers, directors and consultants of the Company.


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 has approximately 31,314,505 common shares issued and outstanding.

Qualified Person
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.  

Contact
David W. Johnston, CEO/President
403-701-2781
davidwjohnston@shaw.ca


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. 

 

Braveheart Resources Inc. Closes Final Tranche of Financing

Toronto, Ontario -- (Newsfile Corp. – February 23, 2017) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed the final tranche of its previously announced non-brokered private placement financing.  The Company issued 2,100,000 units at $0.06 per unit for gross proceeds of $126,000.  Each unit is comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.12 per share for 24 months.

The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital.   

All securities issued pursuant to the financing will be subject to a four month hold period.

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).

Contact
Braveheart Resources Inc
David W. Johnston, President
403-701-2781
davidwjohnston@shaw.ca 
Website: www.braveheartresourcesinc.com

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, 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. 

 

Braveheart Resources – Alpine Mine Property Report

TORONTO, ONTARIO, January 16, 2017– Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) is pleased to announce that it has received a technical report recently completed on its Alpine Mine property near Nelson in southeastern British Columbia. The report was prepared by Bernhardt Augsten, P.Geo. on behalf of the previous owners of the Alpine Mine property just prior to its acquisition by Braveheart.

The report summarizes field work completed on the Alpine Mine property in the summer of 2016.  The work was initiated with the purpose of attempting to trace out the exposed portion of the Alpine vein system to the west and northwest of known occurrences in the vicinity of the westerly termination of the Number 6 Level of the original Alpine Mine.  From this point the Alpine vein structure was traced intermittently for approximately 1.8 km to the northwest.  Evidence for this was the presence of in-situ auriferous quartz veining and quartz vein float.  Samples collected along this traverse ranged in assay values from <0.03 g/t gold to 42.3 g/t gold.

As part of the 2016 exploration a successful attempt was made to relocate the drill collars from the 1989 diamond drilling program conducted by Cominco when they held an option on the Alpine Mine property.  At that time Cominco drilled 12 holes for a total of 1,745.1 m from two setups on the northeast slope of the Alpine Mine property below the lowermost underground mine workings.  Some of these holes were successful in intersecting the Alpine vein, notably hole AG89-12, which intersected 122.46 g/t gold over a core length of 0.7 m.  This work was well-documented with detailed drill logs in a publicly available assessment report.  The fact that the location of these holes is now precisely known allows Braveheart to use this data in their exploration strategy going forward (It also shows that the Alpine vein system exists approximately 400 m down dip of the lowermost underground mine workings). 

The 2016 report also references relatively recent (2011) exploration on peripheral vein systems including the ‘Black Prince’, ‘King Solomon’ and the ‘Gold Crown’, which occur on the property but have received far less historical exploration. These three are former producing mines and are all located on the Alpine Mine property. Their approximate locations are shown on Figure 1.

The Black Prince is located approximately 3.1 km to the northwest of the main Alpine Mine area. Selected sampling of quartz veins in old mine dumps at the Black Prince returned up to 71.0 g/t gold and 34 g/t silver.  At the King Solomon, quartz vein samples from old mine dumps returned up to 50.0 g/t gold and 42.2 g/t silver.  The old King Solomon workings are located approximately 1.8 km to the south-southwest of the Alpine mine.  At the old Gold Crown workings selected samples of partially oxidized sulphide-bearing quartz vein material from mine dumps returned 267 g/t gold and 47.6 g/t silver.  The Gold Crown is located approximately 620 m to the southeast of the Alpine Mine area.

It should be noted that all samples (with the exception of the Cominco drill intercepts) are selected ‘grab’ samples and thus are not representative of the veins as a whole.

The relationship between these mineralized veins and the Alpine vein system is not known at this time; however, they will be part of ongoing work undertaken by Braveheart on the Alpine Mine property.

The 2016 samples were analyzed by Actlabs of Kamloops, British Columbia.  All samples were analyzed by multi-element ICP; gold analyses were completed by fire assay with a gravimetric finish.

Figure 1
Location Map
Braveheart’s Alpine Mine Property (shaded in blue)

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 has approximately 29,714,505 common shares issued and outstanding.

Qualified Person
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.

Contact
David W. Johnston, President and CEO, Director
403-701-2781
davidwjohnston@shaw.ca

Website: http://www.braveheartresourcesinc.com

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.