(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire- Vancouver, British Columbia, | Oct. 6th, 2022– Green Battery Minerals Inc. (the "Company") (TSXV:GEM ) , ( FSE:BK2P ) , ( WKN:A2QENP ) ( OTC:GBMIF) is pleased to provide initial resultsfrom twenty (20) diamond drill holes that were completed as part ofthe Company’s successful second phase of drilling on the newlydiscovered Zone 6 area at the Berkwood Graphite Project, situated 280km north of Baie-Comeau, Quebec.
A total of 20 exploratory drill holes were completedfor a total of 2,058m. Seven of the twenty holes intersectedsignificant graphite enrichment contiguous with previous drillresults, extending the initial strike length of the Graphiteenrichment horizon to 350 m along the southern limb.
Highlights intersections from initialassay results:
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BK6-22-21 intersected 16.5 m of graphite enrichmentfrom 35.7 m to 52.2 m for a total of 16 samples submitted, (See figure2 below).
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BK6-22-17 intersected 3.5 m of graphite enrichment from44.4 m to 47.9 m, and 8.6 m of graphite enrichment from 53.1 m to 61.7m for a total of 12 samples submitted.
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BK6-21-24 with 2.8 m graphite enrichment from 64.5 m to67.3 m for a total of 3 samples submitted.
Green Battery Minerals is also very pleased to announceit has acquired additional claims adjacent to the zone 6 area. Intotal 16 new claims amounting to 866 Ha was staked on behalf of GreenBattery Minerals to cover additional prospective areas withgeophysical anomalism surrounding the core of the claims at Zone6.
Tom Yingling, President and CEO ofGreen Battery, states, “I am very pleased withthese initial results to date. We were successful in intersectingGraphite in 18 of the 20 holes drilled. Initial results show themineralization to be continuous along strike for a length ofapproximately 350 m (1,150 feet) so far, and still open.”
“The 2022 drill program at Zone 6 was an explorationprogram designed to discover and expand upon potential graphiteresources, and better understand the geology that controls thegraphite enrichment. Our goal is to add to the proven resource wealready have on Zone 1 ( see news release dated July 15th,2019 ), and we plan to do so by continuingwith step-out and infill drilling on both Zone 1 and Zone 6. I ampleased to say that the Company also has numerous other outcropping graphite zones sampled that we still needto drill. In addition, management is very pleased to have expandedzone 6 by adding the new contiguous claims.
Benchmark Minerals Intelligence, one of the world’sleading battery element resource sources, says theworld will need an estimated 97 natural flake graphite mines to meetthe required demand by 2035.”
Figure 1: 2022 drillhole location planand mapped/surface projected intersections of graphite enrichment atZone 6.
The 2 nd Phase of drilling was successful indelineating along strike continuation of graphite enrichment along thesouthern limb of the host antiform fold structure. Initial resultsshow the mineralization to be continuous along strike for a length ofapproximately 350 m.
Approximately 100 narrow intersections of graphiteenrichment (both massive and disseminated) were encountered in a totalof 18 of the 20 holes completed. These intervals ranged in thicknessfrom 0.5 to 4 m in length and often identified new (unknown) zones ofgraphite enrichment, of these a total of 24 were greater than 1 m withobserved massive graphite enrichment.
Table 1: Summary of Zone 6significant graphite enrichment intercepts.
HOLE-ID | FROM (m) | TO (m) | LENGTH | LITHOLOGY |
(m) | ||||
BK6-22-13 | 30.43 | 33.55 | 3.12 | massive graphite enrichment |
BK6-22-14 | 54.66 | 57.41 | 2.75 | massive graphite enrichment |
BK6-22-17 | 44.36 | 47.9 | 3.54 | massive graphite enrichment |
BK6-22-17 | 53.14 | 61.73 | 8.59 | massive graphite enrichment |
BK6-22-19 | 58.9 | 61.13 | 2.23 | massive graphite enrichment |
BK6-22-21 | 35.65 | 52.15 | 16.5 | massive graphite enrichment |
BK6-22-22 | 16.1 | 17.7 | 1.6 | massive graphite enrichment |
The above intervals are drilling lengths, not truewidths, because the true orientation of the enrichment horizons hasnot yet been established.
The 2022 drilling focused on the outcrops 1 to 3 alongthe southern limb, and outcrop 4 at the ‘fold nose’ area.Intersections in holes 32 and 13 successfully extended the westwardstrike of graphite enrichment by approximately 100 m – open to thewest. Intersections in holes 14, 15, 17, 16, 20, and 18, extended theenriched horizon to the east connecting it with the Outcrop 3 area,where the thickest intersection were encountered in hole 21.Additional intersections in the neighbouring holes 22, and 24 appearto show local folding and replication of the enriched horizon withinthe antiform which hosts the graphite enriched horizon.
The results from the drilling show a complex foldinterference pattern across the zone 6 area. The diamond drillingprogram was completed with oriented core allowing the collectionimportant structural data to aid in interpretation of the spatialextent and controls on the enrichment horizon. Interpretations arecurrently underway to better understand the fold geometry at the zone6 area, and to understand controls on localised replication of theenrichment horizon as identified at the outcrop 3 area.
Figure 2: Drill Core from BK-22-21, A)Graphite enriched zone from 35.6 to 52.2 (16.6m length), B) inset; aselected example of coarse flake graphite enrichment encounteredbetween 40 – 43 m.
Drilling at the outcrop 4 area structure encounterednumerous variably thick intersections of graphite enrichment whereshallow dips exposed large areas of outcropping graphite at surface.Oriented core measurements are currently being interpreted to resolvethe complex fold interference pattern which controls the spatialdistribution of graphite enrichment at the nose of the antiformarea.
Table 1 :Summary of Phase 1 drill hole locations and down holespecifications.
HOLE-ID | EASTING | NORTHING | ELEVATION | LENGTH | AZIMUTH | DIP |
(UTM NAD 83) | (UTM NAD 83) | (m AMSL) | (m) | (degree) | (degree) | |
BK6-22-13 | 487541.4 | 5651554 | 453.222 | 76 | 0 | -50 |
BK6-22-14 | 487561.5 | 5651503 | 466.151 | 109 | 0 | -60 |
BK6-22-15 | 487564.7 | 5651503 | 468.909 | 109 | 30 | -50 |
BK6-22-16 | 487655.3 | 5651496 | 497.037 | 109 | 0 | -50 |
BK6-22-17 | 487653.9 | 5651493 | 497.177 | 109 | 315 | -50 |
BK6-22-18 | 487656.9 | 5651503 | 497.646 | 109 | 45 | -50 |
BK6-22-19 | 487664.8 | 5651471 | 496.96 | 109 | 0 | -50 |
BK6-22-20 | 487662.9 | 5651472 | 496.978 | 107 | 335 | -45 |
BK6-22-21 | 487784 | 5651541 | 541.985 | 70 | 0 | -90 |
BK6-22-22 | 487813.2 | 5651525 | 544.228 | 109 | 315 | -50 |
BK6-22-23 | 487822.1 | 5651500 | 543.868 | 109 | 0 | -50 |
BK6-22-24 | 487819 | 5651499 | 543.528 | 109 | 315 | -50 |
BK6-22-25 | 487889.7 | 5651533 | 555.213 | 124 | 320 | -50 |
BK6-22-26 | 487933.3 | 5651649 | 584.392 | 109 | 90 | -50 |
BK6-22-27 | 487932.2 | 5651648 | 584.74 | 19 | 312 | -50 |
BK6-22-28 | 487923.7 | 5651649 | 584.511 | 142 | 300 | -45 |
BK6-22-29 | 487912.7 | 5651721 | 585.721 | 109 | 75 | -45 |
BK6-22-30 | 487918.4 | 5651706 | 585.764 | 109 | 180 | -45 |
BK6-22-31 | 487548.9 | 5651563 | 452.452 | 109 | 45 | -45 |
BK6-22-32 | 487462.5 | 5651548 | 425.72 | 103 | 15 | -50 |
179 diamond drill core samples ofsawn core have been collected from core lengths usually varying from0.3 to 1.50 m depending upon geological and mineralogical constraints. Every tenth sample, a QAQC measure was entered in the samplesubmission in the order of standard-blank-standard-duplicate. Thestandard selected is OREAS 723; a certified reference materialcontaining 5.87% TGC (Total Graphitic Carbon).
Samples were delivered to MSALABS in Langley, BritishColumbia, an ISO accredited laboratory. There they were crushed to anominal minus 2 mm, split into representative sub-samples and thenpulverized to at least 85% minus 75 microns before collectingsub-sample pulps for each of the core samples.
All sub-sample pulps were analysed for both TotalCarbon + Total Sulphur (SPM-512) and Graphite Carbon (SPM-140). TheGraphite Carbon analysis process involves the sample to be ashed,leached, and the residue measured by induction. The detection rangefor this analysis is between 0.02-50%, while the SPM-512 detectionlimit for both Carbon and Sulphur is 0.01-50%.
Aboutthe Berkwood Graphite Project
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 19 th , 2019, datedJune 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 Person : Luke van der Meer (P.Geo) is a Qualified Person (“QP”)as defined by National Instrument 43-101 guidelines, and he hasreviewed and approved the technical content of this newsrelease.
About the Company: Green Battery Minerals is managed by a team with over 150years of collective experience with a proven track record of not justfinding numerous mines but building and operating them as well. TheGreen Battery 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.comwww.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 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 Management Discussionand Analysis for its recently completed fiscal period, which isavailable under Company’s SEDAR profile at www.sedar.com. Noassurance can be given that any of the events anticipated by theforward-looking statements will occur or, if they do occur, whatbenefits the Company will obtain from them. These forward-lookingstatements reflect management’s current views and are based oncertain expectations, estimates and assumptions, which may prove to beincorrect. Except as required by law, we will not update theseforward-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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