GBMIF - Green Battery Minerals Reports new Graphitic Outcrops on Zone 6 and Channel Sampling
(TheNewswire)
Vancouver, British Columbia – TheNewswire - July15 th , 2022 – GreenBattery Minerals inc. (the "Company") (TSXV:GEM) (OTC:CZSVF)is pleased to announce that its crews working onZone 6 , (as per June 30 th news release) have exposed significant Graphitic outcrops and havechannel sampled them. The program intends to further define andexpose the outcrops on the Zone. The current geological mapping andtrenching being done on Zone 6 will be used to pinpoint the upcomingdrill program. This will move us closer to our PEA.
ZONE 6
Prior to the new knowledge of Zone 6 the Company had previouslycompleted a drill program (NR May 6 th , 2022) on Zone 6 for a total of 760 meters in 12 drillholes. Six of the twelve drill locations were drilled into outcropsand intersected significant graphite enrichment. These intersectionssupport an evolving structural model of multiple recumbently foldedgraphitic horizons hosting thick and presumably continuous graphiticintervals of compelling grade and true thickness.
There are still many outcrops on Zone 6 that have not been drilled. We are exposing more of these outcrops as we putin the roads to the outcrops for the drill pads.
Map 1: Zone 6 road to Graphite Outcrops on top of thehill showing 5 significant outcrops.
Picture 1: Area 1 Graphite Outcrops.
Click Image To View Full Size
Picture 2: Area 2 Graphite Outcrops .
Picture 3: Area 3 Graphite Outcrops and channelsampling.
Picture 4: Area 3 channel samples – richgraphite.
Picture 5: Area 4 graphite outcrops at the top of thehill.
Picture 6: Area 5 Graphite Outcrops .
Tom Yingling, President and CEO of Green Battery, states," The crews have expanded theoutcrops, and we are thrilled with the visual results. Once the channel sampled graphite assayed reports come in, we will analyzethe information to help us define this compelling anomaly and deepenour understanding of what further work is needed. "
About the Berkwood GraphiteProject
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 roadstraverse 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.
In-pit Resource at Lac Gueret South Project (roundednumbers)
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 byNational Instrument 43-101 guidelines, and he has reviewed andapproved the technical content of this news release.
About the Company : Green BatteryMinerals is managed by a team with over 150 years of the collectiveexperience and a proven track record of finding numerous mines andbuilding and operating them . The Gree nBattery Minerals management team's most recent success is discoveringthe Berkwood graphite deposit in Northern Québec. Green BatteryMinerals owns 100% of this asset, and the Company's shareholders willbenefit from this asset as the demand for graphite for electricvehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals inc.
'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. Theseforward-looking statements reflect management's current views and arebased on certain expectations, estimates and assumptions, which mayprove to be incorrect. Except as required by law, we will not updatethese forward-looking statement risk factors.
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.
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