MONTREAL, Feb. 24 /CNW Telbec/ - Blue Note Mining Inc. (TSXV: BNT)
("Blue Note" or the "Company") is pleased to report that a second drill
rig from Forages La Virole is being mobilized at the Croinor gold
project located near Val-d'Or, Quebec, and will be moved to its 100%
owned Chimo gold project in early March to complete the planned drill
program (see news release of December 6, 2010).
To date, 2,182 meters in 9 diamond drill holes have been completed at
the Croinor gold project on the 7,700 meter, first phase drill program
aimed at increasing the mineral resources laterally and at depth.
Core from this program is being delivered to the InnovExplo core
preparation area where it is logged and sampled as it is received and
samples are being delivered to ALS Chemex Laboratory in Val-d'Or for
analysis. To date, 262 samples have been delivered to the laboratory
and assays are pending.
In other news, the Company announces the appointment of Mr. Daniel
Bortoluzzi, CA as Chief Financial Officer in replacement of Mr. Robert
Therriault who has left the Company. Mr. Bortoluzzi has been the
Company's corporate controller since October 2008 and has over fifteen
years of experience working with private and public mining and
manufacturing companies. Previously, Mr. Bortoluzzi has served as
corporate controller of Campbell Resources, Zemex Corporation and
Lorbec Metals, and was a manager at Samson Bélair Deloitte & Touche.
John Martin, P. Eng., President and Chief Operating Officer of Blue Note
Mining Inc., is a Qualified Person as defined under NI43-101 guidelines
and has reviewed the technical information contained in this press
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company
headquartered in Montreal with properties located in known gold regions
of Canada, including the prolific Val-d'Or region of Quebec and
northern New Brunswick.
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.
"Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
SOURCE BLUE NOTE MINING INC.
For further information:
Jean Mayer, Executive Vice President
(800) 937-3095 x236