Shares Outstanding: 363 Million
Symbol & Exchange: BN.H-NEX
MONTREAL, Aug. 31 /CNW Telbec/ - Blue Note Mining Inc. ("Blue Note")
reports that it has engaged Logan Drilling of Stewiacke, Nova Scotia, to begin
a 10-hole drilling program on Blue Note's Williams Brook Gold property located
near Bathurst, New Brunswick.
The aim of this drill campaign is to further define the grade, frequency
and geometry of gold-bearing quartz veins at the Williams Brook Gold property.
Blue Note believes the best opportunity to add to shareholder value is to
focus its fall exploration program on its 100-percent owned Williams Brook
gold property in Bathurst, New Brunswick, Canada.
As news released on December 10, 2008, Blue Note made a significant gold
discovery on its Williams Brook property in late 2008. Drill hole WB-08-11
returned 2.8 meters assaying 11.2 grams of gold per tonne including a half
meter section assaying 24.1 grams of gold per tonne. The gold mineralization
was intersected just 15 meters vertical from surface.
"Previous diamond drilling at the site was largely guided by geophysical
trends. Recent stripping of overburden in the vicinity of known high grade
gold occurrences has identified mineralized veins trending oblique to the
typical geophysical patterns, so the earlier drilling hit some veins but
missed others that occur nearby." stated Arthur Hamilton, P.Geo., Regional
Blue Note also holds a 100% interest in over 400 square kilometers of
mineral claim properties in the region surrounding the Williams Brook property
that is considered prospective for new gold discoveries. These claims will be
the focus of exploration over the next 12 months as Blue Note learns more
about the Williams Brook area. Blue Note also holds a number of base metal
exploration claims in the world renowned Bathurst mining camp.
Arthur Hamilton, P.Geo., Regional Exploration Manager, Blue Note Mining
Inc. is a Qualified Person and has reviewed the technical information
contained in this press release.
Blue Note Mining is a Canadian mineral exploration and mining company
headquartered in Montreal with operations in Bathurst, New Brunswick. The
company's shares trade on the NEX under the symbol BN.
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that involve
risks and uncertainties. Although the company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by government
authorities, uncertainties associated with contract negotiations, additional
financing requirements, market acceptance of the Company's products and
competitive pressures. These factors and others are more fully discussed in
Company filings with Canadian securities regulatory authorities.
The NEX does not accept responsibility for the adequacy or accuracy of
this news release.
For further information:
For further information: Michael Judson, President & Chief Executive
Officer, Blue Note Mining, (800) 937-3095, firstname.lastname@example.org