Canadian Critical Minerals Generates USD$143,000 in Revenue from Bull River Mine
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) reported revenue of approximately USD$143,000 from the sale of stockpiled copper, gold, and silver mineralized material at the Bull River Mine project in July 2024. The company shipped 550 wet metric tonnes of sorted mineralized material to New Afton, grading 3.73% Cu, 0.69 g/t Au, and 31.0 g/t Ag.
Despite processing more material through the ore sorter compared to previous months, lower grade material from the surface stockpile resulted in less high-grade material for shipment. The company expects some fluctuation in results due to the stockpile's heterogeneous nature. The average run of mine mineralized material grades 1.39% copper, 0.29 g/t gold, and 11 g/t silver.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ha riportato un fatturato di circa USD$143.000 dalla vendita di materiale mineralizzato in magazzino di rame, oro e argento presso il progetto Bull River Mine nel luglio 2024. L'azienda ha spedito 550 tonnellate metriche umide di materiale mineralizzato selezionato a New Afton, con gradi di 3,73% Cu, 0,69 g/t Au e 31,0 g/t Ag.
Nonostante il trattamento di una maggiore quantità di materiale tramite il separatore di minerali rispetto ai mesi precedenti, il materiale di qualità inferiore proveniente dalla scorta superficiale ha portato a una minore disponibilità di materiale di alta qualità per la spedizione. L'azienda prevede alcune fluttuazioni nei risultati a causa della natura eterogenea della scorta. I gradi medi del materiale mineralizzato proveniente dalla miniera sono 1,39% rame, 0,29 g/t oro e 11 g/t argento.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) reportó ingresos de aproximadamente USD$143.000 por la venta de material mineralizado en stock de cobre, oro y plata en el proyecto Bull River Mine en julio de 2024. La compañía envió 550 toneladas métricas húmedas de material mineralizado seleccionado a New Afton, con leyes de 3,73% Cu, 0,69 g/t Au y 31,0 g/t Ag.
A pesar de procesar más material a través del separador de mineral en comparación con meses anteriores, el material de menor calidad de la pila superficial resultó en menos material de alta ley para el envío. La empresa espera algunas fluctuaciones en los resultados debido a la naturaleza heterogénea de la pila. Las leyes promedio del material mineralizado extraído son 1,39% cobre, 0,29 g/t oro y 11 g/t plata.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF)는 2024년 7월 Bull River Mine 프로젝트에서 보관 중인 구리, 금 및 은 광물화 물질의 판매로 약 USD$143,000의 수익을 기록했습니다. 회사는 550 습식 메트릭 톤의 분류된 광물화 물질을 New Afton으로 출하했으며, 구리 3.73% Cu, 금 0.69 g/t Au 및 은 31.0 g/t Ag 등급을 기록했습니다.
지난 몇 달에 비해 광물 분리기를 통해 더 많은 물질을 가공했음에도 불구하고, 표면 재고에서 나온 저등급 물질로 인해 선적할 고등급 물질이 줄어들었습니다. 회사는 재고의 이질성으로 인해 결과에 일부 변동이 있을 것으로 예상하고 있습니다. 평균 광물화 물질의 등급은 1.39% 구리, 0.29 g/t 금 및 11 g/t 은입니다.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) a rapporté un chiffre d'affaires d'environ USD$143,000 provenant de la vente de matériel minéralisé en stock de cuivre, d'or et d'argent sur le projet Bull River Mine en juillet 2024. La société a expédié 550 tonnes métriques humides de matériel minéralisé trié vers New Afton, avec des teneurs de 3,73% Cu, 0,69 g/t Au et 31,0 g/t Ag.
Malgré le traitement de plus de matériel par le séparateur de minerais par rapport aux mois précédents, le matériel de moindre qualité provenant du stock de surface a entraîné moins de matériel de haute qualité pour l'expédition. L'entreprise s'attend à certaines fluctuations dans les résultats en raison de la nature hétérogène du stock. Les teneurs moyennes du matériel minéralisé provenant de la mine sont de 1,39% cuivre, 0,29 g/t or et 11 g/t argent.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) meldete Einnahmen von etwa USD$143.000 aus dem Verkauf von lagerndem Kupfer-, Gold- und Silber-mineralisiertem Material im Bull River Mine-Projekt im Juli 2024. Das Unternehmen versandte 550 nasse metrische Tonnen sortierten mineralisierten Materials nach New Afton mit Gehalten von 3,73% Cu, 0,69 g/t Au und 31,0 g/t Ag.
Trotz der Verarbeitung von mehr Material durch den Erzeiniger im Vergleich zu den Vormonaten führte das niedriggradige Material aus dem Oberflächenlager zu weniger hochgradigem Material für den Versand. Das Unternehmen erwartet aufgrund der heterogenen Natur des Lagers einige Schwankungen in den Ergebnissen. Die durchschnittlichen Gehalte des Bergbau-mineralisierten Materials liegen bei 1,39% Kupfer, 0,29 g/t Gold und 11 g/t Silber.
- Generated USD$143,000 in revenue from mineralized material sales in July 2024
- Processed material graded 3.73% Cu, 0.69 g/t Au, and 31.0 g/t Ag
- All rejects from ore sorting process (0.4% Cu to 1.0% Cu) can be economically processed in the future
- Encountered lower grade material from surface stockpile, resulting in less high-grade material for shipment
- Fluctuating results expected due to heterogeneous nature of stockpile
Calgary, Alberta--(Newsfile Corp. - August 14, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of July 2024, the Company trucked 550 wet metric tonnes ("wmt") of sorted mineralized material to New Afton and the Company received a provisional payment of approximately USD
During the month, the Company encountered lower grade material from the surface stockpile. Although more mineralized material was processed through the ore sorter compared to all previous months of operation, less high-grade material was concentrated for shipment to New Afton. The stockpile is not totally homogeneous in terms of grade, so the Company expects to see some fluctuation in results on a month-to-month basis.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2187/219925_e3ffb854c4801a0b_001full.jpg
Ian Berzins, President and CEO commented, "The average run of mine mineralized material in the surface stockpile grades
Qualified person
CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Gary Low P.Geo., who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.
About Canadian Critical Minerals Inc.
CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the
Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.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 necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.
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 Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219925
FAQ
What was Canadian Critical Minerals' (RIINF) revenue from Bull River Mine in July 2024?
How much mineralized material did Canadian Critical Minerals (RIINF) ship to New Afton in July 2024?
What was the grade of the mineralized material shipped by Canadian Critical Minerals (RIINF) in July 2024?
What is the average grade of the run of mine mineralized material in the surface stockpile at Bull River Mine?
