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Canadian Critical Minerals Announces Increases of Indicated Metal of 11% for Copper and 17% for Gold at the Bull River Mine
MTIMTI(US:MTX) Newsfileยท2025-03-04 22:02

Core Viewpoint - Canadian Critical Minerals Inc. announced significant increases in the indicated mineral resources for copper and gold at the Bull River Mine, with an 11% increase in copper and a 17% increase in gold compared to the previous estimate [1][4]. Group 1: Mineral Resource Estimates - The updated Mineral Resource Estimate (MRE) for the Bull River Mine shows a 10% increase in copper and a 15% increase in gold, with the effective date of the resource being December 31, 2024 [1][2]. - The surface stockpile resource is estimated at 173,263 tonnes, grading 1.092% copper, 0.232 g/t gold, and 9.1 g/t silver, containing 4,172,800 lbs of copper, 1,292 ounces of gold, and 50,507 ounces of silver [2][6]. - The total indicated mineral resource is 2.9 million tonnes (Mt) grading 1.58% copper, 0.389 g/t gold, and 13.3 g/t silver, while the inferred resource is 1.6 Mt grading 1.43% copper, 0.388 g/t gold, and 12.1 g/t silver [4][5]. Group 2: Operational Highlights - During the period from November 2023 to August 2024, the company processed 180,000 tonnes of mineralized run-of-mine material, adding 5,177,900 lbs of copper equivalent (CuEq) mineralized material to the current resource [3][4]. - The Bull River Mine is fully developed with 21,000 meters of underground development and includes a 700 tonne per day conventional mill [6][11]. Group 3: Qualified Person and Compliance - The mineral resource estimates have been reviewed and approved by Sue Bird, P.Eng., a qualified person under National Instrument 43-101 [7][8]. - The estimates are prepared in accordance with Canadian securities laws and the guidelines set by the Canadian Institute of Mining, Metallurgy and Petroleum [8][10].