A Calgary-based junior miner announced the commencement of a Preliminary Economic Assessment (PEA) on the recently acquired Thierry Mine Project located near Pickle Lake in northwest Ontario. The Braveheart Resources Inc. (TSX-V:BHT) release mentioned that the PEA will focus on mining of the Mineral Resources at the Thierry underground mine and will include a review and update on capital, operating and G&A costs for the underground mine and surface process facilities.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in favorable and proven Canadian mining jurisdictions. Braveheart’s main asset is the Bull River Mine project near Cranbrook, British Columbia which has a current mineral resource containing copper, gold and silver.
Traders seemed to be happy about the news as shares popped up to $0.15/share (+7.14%) following the announcement. This move is a strong continuation of the uptrend the stock has been riding over the last three months.