(TheNewswire)
Vancouver,BC - TheNewswire- November 22, 2023 - Green Battery Minerals Inc. ("Green" or the "Company") (TSX-V:GEM ) ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) is pleased to announce that it has completedprospecting and MAG/EM ground surveys using beep-mat at theunderexplored Zone 3 prospect at its Berkwood Graphite Project inQuebec. The work has further defined the prospect and has crystallizedcompelling targets for further exploration.
Zone 3 Highlights
-
Zone 3 comprises 12 mineral claims for a total of 604.6Ha and is road accessible via gravel forestry service roads thatcrisscross the project area;
-
Zone 3 is strategically located 6 km from the LacGuéret property JV of Nouveau Monde Graphite and MasonGraphite;
-
1.4 km strike length EM conductivity anomaly withpotential for a further 1.6 km extension along a prospectiveinterpreted fold hinge;
-
Historical drilling of coarse flake graphite atLG-13-04N included 22.0 m @ 20.91% CG (from 4.40 m in depth) and asecondary zone of 4.50 m @ 7.78% CG (from 74.25 m).
Zone 3 Exploration Target
Zone 3 is strategically located 6 km from the LacGuéret property JV, a collaboration between Nouveau Monde Graphiteand Mason Graphite. Green Battery Minerals recently consolidatedclaims covering the Zone 3 prospect to secure the core of theconductive anomaly where historical drilling intersected high-gradegraphite.
The prospect was initially identified in 2003 by SOQUEMand has emerged as a promising electromagnetic (EM) target that hasremained underexplored. Zone 3 shares key characteristics with theneighboring Lac Guéret property and the Company’s Zone 1 resource(Figure 1). The 1.4 km by 200 m conductivity anomaly extends southwarddisplaying an apparent fold structure as the potential to thicken andconcentrate graphite mineralization within hinge. Mapped thrust faultsbound the conductor which when combined with inferred folding implyfavorable conditions for thickening and thrust duplication of graphitemineralization (Figure 2).
Table 1 :Assay results from LG-13-04N as described by Caron, Y.,2013 (2 ) GM 68992.
LG-13-04N | 489939mE | 5666044mN | 589m Elev | Dip/Azi | -45 | 300 |
Sample ID | From (m) | To (m) | Interval (m) | Weight (kg) | C (%) | Graphitic Cgr (%) |
E5610261 | 4.4 | 6.4 | 2 | 5.84 | 13.7 | 13.3 |
E5610262 | 6.4 | 8.4 | 2 | 5.28 | 17.3 | 16.9 |
E5610263 | 8.4 | 10.4 | 2 | 4.64 | 23.5 | 23.2 |
E5610264 | 10.4 | 12.4 | 2 | 4.42 | 28.2 | 27.8 |
E5610265 | 12.4 | 14.4 | 2 | 4.88 | 23.8 | 23.6 |
E5610266 | 14.4 | 16.4 | 2 | 4.72 | 22.8 | 22.8 |
E5610267 | 16.4 | 18.4 | 2 | 4.88 | 22.7 | 22.7 |
E5610268 | 18.4 | 20.4 | 2 | 5 | 23.4 | 23.1 |
E5610269 | 20.4 | 22.4 | 2 | 5.16 | 20.5 | 20.4 |
E5610270 | 22.4 | 24.4 | 2 | 5.34 | 21 | 20.9 |
E5610271 | 24.4 | 26.4 | 2 | 5.36 | 15.5 | 15.3 |
E5610272 | 26.4 | 27.9 | 1.5 | 3.08 | 0.22 | 0.22 |
Composite | 4.4 | 26.4 | 22 | 20.9 | ||
E5610274 | 72.75 | 74.25 | 1.5 | 2.3 | 0.87 | 0.81 |
E5610275 | 74.25 | 75.25 | 1 | 2.26 | 9.77 | 9.37 |
E5610276 | 75.25 | 76.25 | 1 | 2.12 | 9.22 | 8.86 |
E5610277 | 76.25 | 77.25 | 1 | 2.8 | 14 | 13.8 |
E5610278 | 77.25 | 78.75 | 1.5 | 3.3 | 2.37 | 1.99 |
Composite | 74.25 | 78.75 | 4.5 | 7.78 |
Historical exploration involved mechanical excavationand drilling. High grade graphite concentrations of up to 40-60% arereported for samples from two drillholes: however, records for theseholes are incomplete. Reliable exploration from drilling in 2013confirmed Zone 3 potential including the near surface 22.0 m @ 20.91%Cgr and 4.5 m @ 7.78% Cgr detailed in Table 1 below.
Tom Yingling, President and CEO of GEM,commented on the success of the field exploration and the prospectsgenerated at Zone 3, stating, "We are excited to focus on the exploration journey atour under-explored Zone 3 Prospect, and are encouraged to expediteadvancing Zone 3 exploration by the anchor results presented byhistorical drilling that includes 22.0 m@ 20.91% graphite (“Cgr”) from surface! " Mr.Yingling continued, "The 2023 confirmation of subsurface conductivityanomalism, coupled with historical results, including historicalassays up to 27.8% Cgr at shallow depths, underscores the highpotential of Zone 3. Moreover, we've just scratched the surface atZone 3, having explored only a small portion of the 3km anomaloustrend. The substantial area of the airborne geophysical anomalypresents an extensive target zone wherein the 2023 ground geophysicsdefines two high interest conductive targets lineaments, one of whichis developed along strike from the high-grade historical drillintercept. In 2024 we will move quickly to expose more outcrop anddrill to validate the extent of graphite mineralization at Zone 3 witha view to adding resource at Zone 3 to the Zone 1 resource so as todefine the basis for a future hub and spoke graphite productionproject."
Table 2 : Assay results fromLG-13-04N as described by Caron, Y., 2013 (2) GM 68992.
Figure 1 :Berkwood Graphite Project EM Conductivity anomalism and Land PackageZones, Quebec.
Figure 2 :Green battery minerals projects at Zone 3, Zone 6 and Zone 1 scalecomparison with the Lac Guéret project (Cassoff et al., 2018) 3) .
2023 Prospecting and EM Conductivity groundgeophysics
In July 2023, Green Battery Minerals further definedtargets at Zone 3 using ground MAG/EM beep mat tool. Led by LaurentiaExploration the site investigations focused along strike fromhistorical workings and confirmed anomalies at nine locations andincluded definition of a 200m strike extension northward fromhistorical drillhole LG-13-04N (Figure 3).
Rock sampling was completed from exposed outcrop atthree locations approximately 250 m north of LG-13-04N. The localizednatural clearing exposed coarse graphite outcrops which were sampledalong a continuous trend of 50 m along strike around 2004 trenchingand drilling. Laboratory results are pending and are expected toconfirm the tenor of graphite mineralization along the defined strikeof the subsurface conductivity anomaly.
Figure 3: Details of graphitic rock chip samples andconductivity anomaly locations at the Zone 3 prospect.
Figure 4: A) Laurentia Exploration staff at exposedoutcrops of Graphite at Zone 3, B) Graphite chip samples, C) Exposed,oxidized graphite.
Next Steps
Building on the successful exploration strategy at Zone1 and Zone 6, our next steps at Zone 3 will continue with systematicground confirmation along conductor trends, leveraging our successfulapproach from previous zones. The company intends to include strippingand channel sampling to refine the understanding of structural settingof those graphite-rich horizons. This critical groundwork will pavethe way for the next phase of exploration drilling: success at Zone 3will complement the known resources at Zones 1 and 6 and move theBerkwood Project towards a critical resource threshold which couldsupport shallow mine development for coarse natural graphiteproduction.
Green Battery Metal Critical Minerals PropertyPortfolio:
-
Berkwood Graphite Project – Quebec. Graphite Project
-
Jupiter – Quebec. Lithium Pegmatite (LCT) prospect
-
Stallion – British Columbia. Copper Porphyry, Epithermal Au+Agprospect
-
Boudrias – Quebec. Nickel Copper (PGE) prospect
About the Berkwood Graphite Project
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 resource lies 8 km southwest ofNouveau Monde’s deposit which has a $3.5 billion NPV on it. TheCompanies Zone 1 resource, and that of Nouveau Monde, share manysimilar geological characteristics, with the Zone 1 resource being ofexceptionally high grade and coarse flake size by global standards.
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 Resourceat Lac Gueret South Project (rounded numbers)
Current Resources (as of June 17 th , 2019)
Minerals Resources Category | Tonnage (Mt) | Grade (% Cgr) | Cgr (t) | Cut off |
Indicated | 1.76 | 17.0 | 299,200 | 6.81% |
Inferred | 1.53 | 16.4 | 250,200 | 6.81% |
The mineral resource estimates above are described inthe technical report entitled, NI 43-101 TechnicalReport Mineral Resource Estimate onthe Lac Gueret South Graphite Property, Quebec, Canada. With anEffective date of June 30th, 2019, by Edward Lyons, PGeo., FlorentBaril, ing., and Claude Duplessis, ing.
Link to Report:
https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf
QAQC Comments: All samples werecollected by typical field methods according to CIM best practices,selected samples were collected by representative rock chips intonumbered samples bags. A total of five (5) samples (including 1 blankand 1 standard) were shipped to ALS Canada Ltd. In Val-d’Or. Theywere prepared (PREP-31a) and analyzed by the lab for carbon (graphite;C-IR18) and for total carbon and total sulphide (ME-IR08). Thestandard used is an Oreas 723 (5.87 % graphitic carbon). Sampleanalysis results are not yet available.
The historical data presented in this release isderived from public domain reports, the results have not been verifiedby the author, no subsequent drilling has been completed to confirmthe drilled intersections of graphite from LG-13-04N.
Sources:
-
Roy, I., 2004; Projet Lac Guéret Nord (1339N): Rapportsur les travaux d'exploration 2004 Secteur du Bloc C. SOQUEM INC. etQuinto Technology Inc. https://gq.mines.gouv.qc.ca/documents/examine/GM61184/GM61184.pdf N.B. ‘Secteur 4’ trenching and drilling (9 holes)is described; however, results were not reported for the Zone 3 area(Secteur 4).
-
Caron, Y., 2013; Propriete du Lac Guéret : Rapport des ForagesD’Exploraion, Region La Cote-Nord, Quebec. Mason Graphite Inc. https://gq.mines.gouv.qc.ca/documents/examine/GM68992/GM68992.pdf
-
Cassoff, P., Grandillo, A., Piciacchia, L., Fortier, S., Duplessis,C., and Rachidi, M., 2018; NI 43-101 Technical Report FeasibilityStudy Update – Lac Guéret Graphite Project. Mason Graphite Inc.Effective Date: December 5, 2018. https://masongraphite.com/wp- content/uploads/2021/06/a53b7c_22115be39ccf4d85b9579f359680997c.pdf
-
Bagrianski, A., 2003; Report on a Halicopter-borne Time DomainElectromagnetic Geophysical Survey. Block A and B, ReservoirManicouagan Area, Quebec. https://gq.mines.gouv.qc.ca/documents/examine/GM60497/GM60497.pdf
Qualified Person: MaximeBouchard, Geo., M.Sc., (OGQ #1752) of Laurentia Exploration Inc.(3415, rue de l’Énergie Jonquière, Québec G7X 0J6), anindependent Qualified Person as defined by Canadian NI 43-101standards, has reviewed, and approved the geological informationreported in this news release.
About the Company: Green BatteryMinerals is managed by a team with over 150 years collectively with aproven track record of not just finding numerous mines but buildingand operating them too. The Green Battery Mineral management team’smost recent success is discovering the Berkwood graphite resource inNorthern Quebec. Green Battery Mineral owns this asset 100 percent,and the Company’s shareholders will benefit from this asset as thedemand for Graphite for electric vehicles increasessignificantly.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
‘Thomas Yingling’
President, CEO & Director
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 - 1111 Melville Street, Vancouver , BC, V6E3V6
Phone: (604) 343-7740
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations: info@greenbatteryminerals.com or1-604-343-7740
Website: www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information: Certain statements in this document which arenot purely historical are forward-looking statements, including anystatements regarding beliefs, plans, expectations or intentionsregarding the future. Forward looking statements in this news releaseinclude that the Company will carry out the drill program described inthis news release, conduct the Offering and expend funds on BerkwoodGraphite Project exploration. It is important to note that theCompany'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; andwe may also not raise sufficient funds to carry out our plans.Additional risk factors are discussed in the section entitled"Risk Factors" in the Company's Management Discussion andAnalysis for its recently completed fiscal period, which is availableunder Company's SEDAR profile at www.sedar.com . 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 be incorrect. Except asrequired by law, we will not update these forward-looking statementrisk factors. Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisNews Release.
Copyright (c) 2023 TheNewswire - All rights reserved.