Blue Note Mobilizes Second Drill Rig at Croinor Gold Project; Appoints New Chief Financial Officer
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 B�lair 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 release.
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.
Forward-Looking Statements
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."