Updating 2012 Assessment On New Project
Braveheart Resources Inc. (TSXV:BHT)has commenced a Preliminary Economic Assessment (PEA) on its recently acquired Thierry Mine Project located near Pickle Lake in northwest Ontario, Canada.
The Company has engaged Eugene Puritch to direct and manage a team of independent consultants with P&E Mining Consultants Inc. to complete the PEA.
The most recent independent NI 43-101 Technical Report and Resource Estimate was completed by P&E Mining Consultants Inc. in February 2012.
The PEA will focus on mining of the Mineral Resources at the Thierry underground mine only and will include a review and update on capital, operating and G&A costs for the underground mine and surface processing facilities.
It will also include an update on cash flow models and financial analysis as well as an up-date on the NI 43-101 Technical Report. The report is expected to be complete in the first quarter of 2021.
