GEM:CC - Green Battery Minerals Samples 9.0m of 17.02% on Surface at Zone 6
(TheNewswire)
V ancouver , BC - TheNewswire - February 16, 2023 - Green Battery Minerals Inc. (” Green” or the “Company”)(TSXV:GEM ) ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) i s pleased to announce assay results from thesurface work conducted at Zone 6 last summer. The program was plannedto follow up on a previous prospecting efforts covering a regional EManomaly, as well as prepare trails for a subsequent drill programwhich took place last autumn and for which assays are still pending.
A total of 4 areas of graphite outcrop over a strike length of ~600mwere exposed and cleaned for the collection of 117 channel samples. Anadditional 19 grab samples were collected over a total strike lengthof ~1600m at Zone 6. Surface observations indicate that Zone 6 is afold with separate limbs extending westwards from a fold nose at Area4. Graphite encountered on surface during this campaign proved to bemuch broader than initially discovered during the 2019 prospectingcampaign where teams were limited to hand tools (see October 1, 2019news release), however steep terrain prevented the excavator fromreaching core of the fold nose.
Graphite horizons were consistently noted amidst the quartz richgneisses in the lower section of the highly prospective Mehinekformation and often in association with a hornblende-garnet-amphibolegneiss which marks the base of the graphite rich paragneiss unit.
Notable results from the channel sampling are presented in the tableand Figures 1-4 below:
| Area 1 |
| 9.0m @ 17.02% Cgr |
| Area 2 |
| 4.2m @ 18.15% Cgr |
| Area 3 |
| 8.2m @ 13.30% Cgr |
| 8.7m @ 9.53% Cgr |
| 7.8m @ 20.70% Cgr |
| Area 4 |
| 7.7m @ 7.49% Cgr |
Figure 1: Surace sampling from Area 1.
Figure 2: Surface sampling from Area 2.
Figure 3: Surface sampling from Area 3.
Figure 4: Surface sampling from Area 4.
Additional grab sampling along the strike of the EM anomaly to thenorthwest has confirmed graphite mineralization over a total strikelength of ~1600m (Figure 5).
Figure 5: Surface sampling across Zone6.
All 4 graphite outcrops with channel sampling were drilled withmultiple holes during the subsequent drill campaign (see October 6,2022 news release). Assays are expected sometime in March.
Tom Yingling, President and CEO of Berkwood: “Our systematic explorationof Zone 6 deepened our understanding of the geology and structure andyielded 4 excpetional graphite outcrops as targets for the subsequentdrill campaign. We look forward to releasing these results when assaysare received in March.”
About the Berkwood GraphiteProject
The Berkwood Graphite Project is located within thejurisdiction of Quebec, in the Manicouagan Regional CountyMunicipality, three hours driving time from the city of Baie-Comeau.Easy access is provided via a major secondary road and numeroustertiary and forest roads that traverse the property.
The Zone 1 deposit lies 8 km southwest of MasonGraphite’s deposit which is the subject of a current feasibilitystudy. The Company believes its Zone 1 deposit and that of Mason sharemany similar geological characteristics with the Zone 1 deposit beingone of the highest-grade graphite deposits in the world.
The current mineral resource at the Berkwood GraphiteProject includes in-pit constrained resource totalling 1,755,300tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes ininferred resources at 16.39 % Cgr.
Table 2: In-pit Resource at LacGueret South Project (rounded numbers)
The mineral resource estimates above are described inthe technical report entitled, NI 43-101 Technical Report MineralResource Estimate on the Lac Gueret South Graphite Property, Quebec,Canada. With an Effective date of June 19th, 2019, dated June 30th,2019, by Edward Lyons, PGeo., Florent Baril, ing., and ClaudeDuplessis, ing. Link to Report:
https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf
Qualified Person: Mr. Luke van der Meer, P.Geo. is a Qualified Person( “QP” ) as defined by National Instrument 43-101 guidelines, and hehas reviewed and approved the technical content of this newsrelease.
About the Company: Green Battery Minerals is managed by a team with over 150years collectively with a proven track record of not just findingnumerous mines but building and operating them too. The Green BatteryMineral management team’s most recent success is discovering theBerkwood graphite resource in Northern Quebec. Green Battery Mineralowns this asset 100 percent, 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 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-Looking Information:
Certain statements inthis release are forward-looking statements, which reflect theexpectations of management. Forward-looking statements consist ofstatements that are not purely historical, including any statementsregarding beliefs, plans, expectations or intentions regarding thefuture. Such statements are subject to risks and uncertainties thatmay cause actual results, performance or developments to differmaterially from those contained in the statements. No assurance canbe given that any of the events anticipated by the forward-lookingstatements will occur or, if they do occur, what benefits the Companywill obtain from them. These forward-looking statements reflectmanagement’s current views and are based on certain expectations,estimates and assumptions, which may prove to beincorrect.
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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