Green Battery Minerals mobilizes on the Berkwood Graphite property, in Quebec, to undertake the 6th drilling program
VANCOUVER, BRITISH COLUMBIA – TheNewswire – August 262022 – Green Battery Minerals Inc. (the company”) (TSXV: GEM), (FSE: BK2P), (WKN: A2QENP), (OTC: GBMIF) is pleased to announce that it has engaged a drilling contractor to commence additional drilling on Zone 6 of its 100% owned Berkwood Graphite Project. The program aims to better define the extent and grade of the Zone 6 graphite discovery and to drill into the outcrops that were exposed during our last mapping program carried out in July of this year.
The 2022 2,000m 20-hole drill program was designed based on the results of graphite surface exposures identified during the previous July mapping program (see Press release Date August 5, 2022). Semi-continuous graphite horizons have been identified along the trend shown in Figure 1 and Figure 2 and appear to define a recumbent folded structure. Drilling should initially focus on areas of graphite outcrop. At each of the main outcrop locations, a number of holes will be advanced which attempt to demonstrate continuity down dip and along strike. Drilling will begin along 400m of continuous graphite exposure along the south dipping south flank of the antiform between the outcrops of Zones 1 to 3 (Figure 1). Where access is possible, target holes will be advanced into the nose of the antiform, where surface mapping has identified the fault’s offset surface continuity in Zone 4 outcrops. Several target holes have also been specifically designed to establish the true thickness near the surface of flush graphite.
Drilling is expected to begin before the end of August 2022 and is expected to last 4-6 weeks with field operations based in Manic 5, Quebec. The proposed budget was approved for an amount of CA$1,000,000.
Figure 1: Oblique aerial view – looking east, of Lac Gueret – Zone 6 drilling access roads and notable areas of graphite outcrop.
Click on image to view full size
Figure 2: Berkwood Graphite Project – Zone 6 surface graphite exposure and proposed drill holes.
The Company has already completed a drilling program on Zone 6 for a total of 970 meters in 12 drill holes. Six of the twelve drill pads were drilled into outcrops and intersected significant graphite enrichment (see Press release Date May 6, 2022).
Tom Yingling, President and CEO of Green Battery says “It’s not every day that you get the opportunity to drill into anything high quality and we are about to drill straight into 4 separate graphite outcrops along a defined length of 400m with further strong indications. Needless to say, we are excited to test these outcrops at depth under much more favorable conditions than we encountered last winter.”
About the Berkwood Graphite Project
The Berkwood Graphite project is located within the jurisdiction of Quebec, in the regional county municipality of Manicouagan, a three-hour drive from the city of Baie-Comeau. Easy access is ensured by a main departmental road and numerous tertiary and forest roads which cross the property.
The Zone 1 deposit is located 8 km southwest of the Mason Graphite deposit which is the subject of an ongoing feasibility study. The Company believes that its Zone 1 deposit and the Mason deposit share many similar geological features, with the Zone 1 deposit being one of the richest graphite deposits in the world.
The Lac Gueret South Graphite Project’s current mineral resources include in-pit constrained resources totaling 1,755,300 tonnes of Indicated Resources at 17.00% Cgr and 1,526,400 tonnes of Inferred Resources at 16.39% Cgr.
Table 1: In-pit resource at the Lac Gueret Sud project (rounded figures)
The above mineral resource estimates are described in the technical report titled, NI 43-101 Technical Report Mineral Resource Estimate on the Lac Gueret South Graphite Property, Quebec, Canada. With an effective date of June 19e2019, dated June 30e, 2019, by Edward Lyons, geo., Florent Baril, eng., and Claude Duplessis, eng. Link to the report:
Qualified person: Luke van der Meer (P.Geo) is a Qualified Person (“QP”) as defined by National Instrument 43-101 guidelines, and has reviewed and approved the technical content of this press release.
About the company: Green Battery Minerals is managed by a team with over 150 years of collective experience with a proven track record not only in finding many mines, but also in building and operating them. The most recent success of the Green Battery Minerals management team is the discovery of the Berkwood graphite deposit in northern Quebec. Green Battery Minerals owns 100% of this asset and Company shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.
On behalf of the Board of Directors
Green Battery Minerals Inc.
President, CEO and Director
FOR MORE INFORMATION PLEASE CONTACT:
[email protected] www.greenbatteryminerals.com
Disclaimer for forward-looking information:
Certain statements contained herein that are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements contained in this press release include that the Company will complete the drilling program described in this press release, complete the Offer and spend funds on the exploration of the Berkwood Graphite Project. It is important to note that the Company’s actual business results and exploration results could differ materially from those contained in these forward-looking statements. Risks and uncertainties include that further permits may not be granted in a timely manner or at all; mining concessions may prove unworthy of additional expenditure; there may not be an economic mineral resource; methods we believe to be effective may not turn out to be in practice or as we claim; economic, competitive, governmental, environmental and technological factors may affect the Company’s business, markets, products and prices; our specific plans and timing of drilling, fieldwork and other plans may change; we may not have access to or be able to develop minerals due to cost factors, type of terrain or availability of equipment and technology; and we also may not raise enough funds to carry out our projects. Other risk factors are discussed in the section entitled “Risk Factors” of the Company’s MD&A for its recently completed fiscal year, which is available under the Company’s SEDAR profile at www.sedar.com. There can be no assurance that any of the events anticipated by the forward-looking statements will occur or, if they occur, what benefits the Company will derive therefrom. These forward-looking statements reflect management’s current beliefs and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we will not update the risk factors in these forward-looking statements.
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.