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home / news releases / GEM:CC - GREEN BATTERY MINERALS Completes Resource Expansion Drilling at Zone 1 and Intersects Numerous Holes Ranging from 150 - 200 Feet of Graphite


GEM:CC - GREEN BATTERY MINERALS Completes Resource Expansion Drilling at Zone 1 and Intersects Numerous Holes Ranging from 150 - 200 Feet of Graphite

(TheNewswire)



Vancouver, British Columbia | TheNewswire | May18 th , 2022 – Green Battery Minerals I nc. (the "Company") (TSXV:GEM) (OTC:CZSVF) ( is pleased to provide initial results from 11diamond drill holes that were completed as part of the Company’ssuccessful resource infill and expansion drilling at the BerkwoodGraphite Project, situated 280 km north of Baie-Comeau, Quebec.

Tom Yingling, President and CEO of Green Battery states “ I am very pleased to report that the fifthdrill program on Zone 1 continued to have success.  Having drilledseveral holes that have graphite intersections ranging from 150 feetto over 200 feet (46-62 m) is outstanding.  Zone 1 already has acurrent resource estimate of indicated (1.76 Mt @ 17% Cgr) andinferred (1.53 Mt @ 16.4 Cgr) graphite and this drill program wasdesigned to increase that.  These new drill holes will be added toour current 3-D model and used to pinpoint the next drill locationsplanned for this July.  July’s drill program will be designed toexplore and develop our newly discovered Zone 6 graphite outcrop andis also planned to expand the resource on Zone 1.”

The program which was commenced on 1st April 2022 was completed for atotal of 11 holes and 1,152 meters. Significant intersections ofgraphite enrichment were encountered in the hinge zone of the synclinewhere the predominance of the existing resources occurs, theseintersections are anticipated to improve resource confidence in thecore of the deposit. All11 holes intersected graphite enrichment. Someof the significant intersections include:

  • 62 m of graphite enrichment from 47 m in BK1-51-22

  • 50 m of graphite enrichment from 50 m, and further 18 m from 27 m inBK1-52-22

  • 46 m of graphite enrichment from 66 m in BK1-47-22

  • 37.9 m of graphite enrichment from 42.1 m in BK1-46-22

  • 36.1 m of graphite enrichment from 72.9 m in BK1-50-22

  • 36 m of graphite enrichment from 54 m, and 9.5 m from 99.5 m inBK1-53-22

Table 1 : Summary of Zone 1graphite enrichment intersections


Click Image To View Full Size

The above intervals are drilling lengths, not true widths, because thetrue orientation of the enrichment horizons has not yet beenestablished.

The infill drilling focused on the core of the syncline at the west ofthe deposit area, infilling at the ‘nose’ of the synclinecontinued to produce wide intersection in, and adjacent to areas ofknown graphite enrichment. Step out drilling along the southern limbof the of the interpreted fold structure was completed and graphiteenrichment encountered suggest additional structural controls disruptthe continuity of the enrichment horizon to the east.  Thisdistribution is broadly coincident with the magnetic anomaly, thecompany intends to complete additional structural mapping followed byfurther confirmation drilling in Q2/Q3 of 2022.


Click Image To View Full Size

Figure 1: Zone 1 Drill holelocations and down-hole traces.

Table 2 : Summary of drill holelocations and down hole specifications.

HOLE-ID

EASTING

NORTHING

ELEVATION

LENGTH

AZIMUTH

DIP

(UTM NAD 83)

(UTM NAD 83)

(m AMSL)

(m)

(degree)

(degree)

BK1-46-22

493189.42

5655689.60

626.8

100

0

-65

BK1-47-22

493117.00

5655668.00

665.0

112

0

-50

BK1-48-22

493285.00

5655688.00

656.0

121

0

-50

BK1-49-22

493384.00

5655742.87

637.0

109

0

-50

BK1-50-22

493074.00

5655677.00

662.0

109

5

-50

BK1-51-22

493074.00

5655677.00

662.0

109

0

-75

BK1-52-22

493019.00

5655699.00

651.0

109

45

-50

BK1-53-22

493025.68

5655694.81

631.1

110

60

-70

BK1-54-22

493063.53

5655711.36

641.1

55

0

-75

BK1-55-22

493153.55

5655671.99

642.0

109

0

50

BK1-56-22

493239.12

5655684.39

659.4

109

0

-50

Clarification on qualified person for May 6, 2022, newsrelease.

The company wishes to clarify it’s disclosure made in a news releaseon May 6, 2022 titled “Green Battery Minerals Receives Assays fromDrilling into Graphite Outcrop on Zone 6. Intersecting 28.48 meters of28.37% Grade Graphite. Proving Our Concept that Our Graphite Is Opento Depth”.  The qualified person that reviewed the release is Lukevan der Meer (P.Geo) and not Alexander Beloborodov (P.Geo). Mostsincere apologies are given for the misrepresentation of Mr.Beloborodov.

Aboutthe Berkwood Graphite Project

The Berkwood Graphite Project is located within the jurisdiction ofQuebec, in the Manicouagan Regional County Municipality, three hoursdriving time from the city of Baie-Comeau. Easy access is provided viaa major secondary road and numerous tertiary and forest roads thattraverse the property.

The Zone 1 deposit lies 8 km southwest of Mason Graphite’s depositwhich is the subject of a current feasibility study. The Companybelieves its Zone 1 deposit and that of Mason share many similargeological characteristics with the Zone 1 deposit being one of thehighest-grade graphite deposits in the world.

The current mineral resource at the Berkwood Graphite Project includesin-pit constrained resource totalling 1,755,300 tonnes of indicatedresources at 17.00 % Cgr and 1,526,400 tonnes in inferred resources at16.39 % Cgr.

Table 3 : In-pit Resource at LacGueret South Project (rounded numbers)


Click Image To View Full Size

The mineral resource estimates above are described in the technicalreport entitled, NI 43-101 Technical Report Mineral Resource Estimateon the Lac Gueret South Graphite Property, Quebec, Canada. With anEffective date of June 19 th , 2019, dated June 30 th , 2019, by Edward Lyons, PGeo., Florent Baril, ing., andClaude Duplessis, ing. Link to Report:

https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf

Qualified Perso n: Luke van derMeer (P.Geo) is a Qualified Person (“QP”) as defined by NationalInstrument 43-101 guidelines, and he has reviewed and approved thetechnical content of this news release.

About the Company: GreenBattery Minerals is managed by a team with over 150 years ofcollective experience with a proven track record of not just findingnumerous mines but building and operating them as well. The GreenBattery Minerals management team’s most recent success isdiscovering the Berkwood graphite deposit in Northern Québec. GreenBattery Minerals owns 100% of this asset and the Company’sshareholders will benefit from this asset as the demand for graphitefor electric vehicles increases significantly.

On Behalf of the Board of Directors

Green Battery Minerals lnc.

‘Thomas Yingling‘

President, CEO & Director

FOR MORE INFORMATION, PLEASECONTACT:

Investor Relations:

or 1-604-343-7740

info@greenbatteryminerals.com www.greenbatteryminerals.com

Disclaimer for Forward-LookingInformation:

Certain statements in this documentwhich are not purely historical are forward-looking statements,including any statements regarding beliefs, plans, expectations orintentions regarding the future. Forward looking statements in thisnews release include that the Company will carry out the drill programdescribed in this news release, conduct the Offering and expend fundson Berkwood Graphite Project exploration. It is important to note thatthe Company’s actual business outcomes and exploration results coulddiffer materially from those in such forward-looking statements. Risksand uncertainties include that further permits may not be grantedtimely or at all; the mineral claims may prove to be unworthy offurther expenditure; there may not be an economic mineral resource;methods we thought would be effective may not prove to be in practiceor on our claims; economic, competitive, governmental, environmentaland technological factors may affect the Company’s operations,markets, products and prices; our specific plans and timing drilling,field work and other plans may change; we may not have access to or beable to develop any minerals because of cost factors, type of terrain,or availability of equipment and technology; and we may also not raisesufficient funds to carry out our plans. Additional risk factors arediscussed in the section entitled “Risk Factors” in theCompany’s Management Discussion and Analysis for its recentlycompleted fiscal period, which is available under Company’s SEDARprofile at www.sedar.com.  No assurance can be given that any of theevents anticipated by the forward-looking statements will occur or, ifthey do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s currentviews and are based on certain expectations, estimates andassumptions, which may prove to be incorrect. Except as required bylaw, we will not update these forward-looking statement riskfactors.

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

Copyright (c) 2022 TheNewswire - All rights reserved.

Stock Information

Company Name: Green Battery Minerals Inc.
Stock Symbol: GEM:CC
Market: TSXVC
Website: greenbatteryminerals.com

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