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Company measures 14.41%Graphite over 19.0m on Zone 6
September 6th, 2023 – TheNewswire - VANCOUVER, B.C. Green Battery Minerals Inc.(" Green" or the "Company") (TSXV: GEM, FSE: BK2P,WKN: A2QENP OTC: GBMIF) is pleased to announceassay results from its drilling program conducted at Zone 6 on itsBerkwood graphite property in Quebec. The program was designed tofollow up on surface work conducted over the target area last summer (see February16, 2023 news release) and was successful in intercepting graphitemineralization at depth over the previously defined 600m of strikelength with a total of 20 holes and 2058m drilled.
Tom Yingling, President and CEO of GEMcommented: "We continueto produce excellent drilling results, not just in terms ofcomposition but also in terms of quality. With only about 10% of ourproperty fully explored, we already have 550,000 tonnes (inferred +indicated) graphite resource and these new results will add to that.As we work towards delivering a PEA, we are more than encouraged byour exploration results. With billions being invested in batteryplants throughout North America, it is of crucial importance that thecritical minerals needed to meet demand are available. That is whatGEM is doing, ensuring LIB manufacturers will have a high quality,North American source of graphite. We are positioned well and withmore results to come out over the coming months, we are confident ofgenerating substantial additional value, especially considering the$3.5 billion NPV our neighbors (Nouveau Monde, TSXV:NOU) have producedon the back of their fully explored property."
The headline intercept was drilled down dip out of an abundance ofcuriosity on the most impressive outcrop. Typical high-gradeintercepts were approximately 4.0m long at close to true thicknesswith other minor intervals present throughout. Intercepts and collarsare presented in Tables 1 and 2 below:
Table 1: Significant intercepts fromthe Fall 2022 drill program. Table 2: Collar coordinates from theFall 2022 drill program. | | |
Click Image To View Full Size Figure 1: Drilling and surface workon Area 1.
Click Image To View Full Size | | | The core of the fold nose and the north limb of thestructure, representing 1000m of strike length, remain untested andwill require more aggressive earthworks to properlyevaluate.
| | | | | | | | | About the Berkwood GraphiteProject
The Berkwood Graphite Project is located withinthe jurisdiction 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 ofNouveau Monde’s deposit which has a $3.5billion NPV on it. The Company believes its Zone 1 deposit, and thatof Nouveau Monde, share many similar geological characteristics withthe Zone 1 deposit being one of the highest-grade graphite deposits inthe world.
The current mineral resource at the BerkwoodGraphite Project includes in-pit constrained resource totaling1,755,300 tonnes of indicated resources at 17.00 % Cgr and 1,526,400tonnes in inferred resources at 16.39 % Cgr.
In-pit Resource at Lac Gueret SouthProject (rounded numbers)
Click Image To View Full Size | | | | |
On Behalf of the Board of Directors
Green Battery Mineralslnc.
'Thomas Yingling'
President, CEO & Director
FOR MORE INFORMATION, PLEASECONTACT:
Investor Relations:
or 1-604-343-7740
info@greenbatteryminerals.com
www.greenbatteryminerals.com
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B4W8
Phone: (438) 469-0705
#1100 - 1111Melville Street, Vancouver , BC, V6E 3V6
Phone: (604) 343-7740
Disclaimer for Forward-LookingInformation:
Certain statements in thisdocument which are not purely historical are forward-lookingstatements, including any statements regarding beliefs, plans,expectations or intentions regarding the future. Forward lookingstatements in this news release include that the Company will carryout the drill program described in this news release, conduct theOffering and expend funds on Berkwood Graphite Project exploration. Itis important to note that the Company's actual business outcomes andexploration results could differ materially from those in suchforward-looking statements. Risks and uncertainties include thatfurther permits may not be granted timely or at all; the mineralclaims may prove to be unworthy of further expenditure; there may notbe an economic mineral resource; methods we thought would be effectivemay not prove to be in practice or on our claims; economic,competitive, governmental, environmental and technological factors mayaffect the Company's operations, markets, products and prices; ourspecific plans and timing drilling, field work and other plans maychange; we may not have access to or be able to develop any mineralsbecause of cost factors, type of terrain, or availability of equipmentand technology; and we may also not raise sufficient funds to carryout our plans. Additional risk factors are discussed in the sectionentitled "Risk Factors" in the Company's ManagementDiscussion and Analysis for its recently completed fiscal period,which is available under Company's SEDAR profile at www.sedar.com . No assurance can be given that any ofthe events anticipated by the forward-looking statements will occuror, if they do occur, what benefits the Company will obtain fromthem. 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 Exchangenor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. | | | | |
