Canadian Critical Minerals begins drilling at Thierry Mine Project
Calgary, Alberta–(Newsfile Corp. – Jul 5, 2023) – Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) (“Canadian Critical Minerals” or the “Company“) is pleased to announce that, effective July 6, 2023, exploration drilling has commenced at the Thierry Mine Project near Pickle Lake, Ontario.
The summer 2023 program is designed for approximately 2,500 meters of diamond drilling and will focus on the expansion of the K1-1 deposit, a large-tonnage, near-surface deposit located approximately 3 km from the Thierry mine that produced in the past. The K1-1 deposit has a current derived mineral resource within an optimized Whittle pit shell consisting of the following: 53,614,000 tons of grade 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0 .03 g/t Au, 0.05 g/t Pt and 0.14 g/t Pd at an NSR of C$12/tonne (see NI 43-10 technical report filed on SEDAR Feb 22, 2021).
The current derivative source at K1-1 does not include results from a 7,218 foot drilling program completed by Cadillac Ventures Inc. in the summer of 2012. Eight diamond boreholes were completed outside the optimized Whittle scale and each hole crossed mineralization with tested grades comparable to or better than those in the current derived resource. The results of this program are included below and can be viewed on SEDAR (see Cadillac Ventures Inc. press release dated September 13, 2012).
Assay Highlights from the 2012 Drilling Program by Cadillac Ventures Inc.
| Hole # | From (ft) | to (ft) | Length (ft) | Cu% | Ni% |
| K-12-43 | 139.5 | 213 | 73.5 | 0.39 | 0.07 |
| K-12-44 | 44.6 | 55 | 10.4 | 0.34 | 0.05 |
| 378.5 | 391.5 | 13 | 0.43 | 0.09 | |
| K-12-45 | 98.5 | 108 | 9.5 | 0.37 | 0.08 |
| 135 | 153.5 | 18.5 | 0.34 | 0.05 | |
| 325 | 353 | 28 | 0.32 | 0.06 | |
| 369 | 430 | 61 | 0.34 | 0.08 | |
| K-12-46 | 88.3 | 116 | 27.7 | 0.37 | 0.13 |
| 240 | 323 | 83 | 0.33 | 0.10 | |
| 540 | 550 | 10 | 0.42 | 0.15 | |
| 612.5 | 622.5 | 10 | 0.41 | 0.09 | |
| K-12-47 | 395 | 435 | 40 | 0.33 | 0.16 |
| 460 | 505 | 45 | 0.31 | 0.14 | |
| 680.8 | 785 | 104.2 | 0.35 | 0.09 | |
| 847 | 901.5 | 54.5 | 0.33 | 0.08 | |
| 984 | 999 | 15 | 0.36 | 0.10 | |
| K-12-48 | 657.5 | 692.5 | 35 | 0.55 | 0.14 |
| 759.5 | 984.5 | 225 | 0.48 | 0.11 | |
| included | 824.3 | 984.5 | 160.2 | 0.51 | 0.10 |
| 1003.3 | 1027.4 | 24.1 | 0.59 | 0.12 | |
| 1047.4 | 1074 | 26.6 | 0.33 | 0.14 | |
| 1137 | 1228 | 91 | 0.36 | 0.09 | |
| 1243 | 1310 | 67 | 0.30 | 0.11 | |
| 1325 | 1343.75 | 6:75 p.m | 0.30 | 0.07 | |
| K-12-49 | 795 | 1105 | 310 | 0.37 | 0.08 |
| included | 935 | 1105 | 175 | 0.42 | 0.10 |
| 1135 | 1170 | 35 | 0.31 | 0.09 | |
| 1190 | 1255 | 65 | 0.37 | 0.09 | |
| 1280 | 1320 | 40 | 0.50 | 0.10 | |
| K-12-50 | 635.5 | 685 | 49.5 | 0.38 | 0.07 |
| 695 | 710 | 15 | 0.36 | 0.08 | |
| 725 | 870 | 145 | 0.49 | 0.12 | |
| 895 | 955 | 60 | 0.30 | 0.12 | |
| 1080 | 1098.5 | 18.5 | 0.31 | 0.10 |
Ian Berzins, President and CEO, commented: “We are pleased to commence our first drilling program at the Thierry Mine project with specific focus on the K1-1 deposit. We intend to build on the results of previous operators. The program is overseen by Brian Newton, who is well acquainted with the project having supervised previous programs. We believe there is significant potential to expand the current derivative resource at K1-1.”
Suitable person
CCMI’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Brian H. Newton P.Geo., of Minroc Management Limited, who serves as an advisor to the company and is a qualified person under the definition of National Instrument 43-101 .
About Canadian Critical Minerals Inc.
Canadian Critical Minerals Inc. is a mining company primarily focused on two near-term copper production assets in Canada. CCMI’s principal asset is its 100% ownership of the Bull River Mine project (>135 million pounds of copper) near Cranbrook, British Columbia, which has a mineral resource containing copper, gold and silver. CCMI’s latest acquisition is the 100% owned Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario, which has a mineral resource containing copper, nickel, silver, palladium, platinum and gold.
Contact details
Canadian Critical Minerals Inc.
Ian Berzins
President and General Manager
M: +1-403-512-8202
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.canadiancriticalmineralsinc.com
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