VANCOUVER, July 16, 2018 /CNW/ - BlueBird Battery Metals
Inc. (TSXV: BATT) (US: BBBMF) (the "Company" or
"BlueBird") is pleased to announce that recently a cobalt
bloom rock specimen collected by the Yukon Government from the Batt
Co-Cu Project in the Yukon, Canada
assayed 1.16% Cobalt and 0.66 g/t Gold. The Company also
wishes to announce that it will commence its summer 10-day
exploration program at the Batt Project in early August 2018.
"We are excited to commence the first detailed exploration
program at the Batt Co-Cu Project since the 1960s. The recent
high-grade rock sample averaging 1.16% cobalt, indicates the
potential of battery metals at the project, noting it also
re-confirms historical grades sampled over 50 years ago,"
commented Chairman and CEO, Peter A.
Ball.
BlueBird's summer exploration program at the Batt Project will
be comprised of property-scale mapping, soil and rock chip
sampling, and a general reconnaissance exercise to evaluate the
mineralized trend that has been identified across the claims.
Multiple cobalt blooms occurences have been identified, with the
one sample tested yielding the high grade cobalt result.
Information gathered from the program will assist the Company in
planning a potential larger exploration program, which may include
ground EM or aeromag geophysical surveys, in the fall of 2018.
The program will be completed by the technical team from
Strategic Metals Ltd. ("Strategic")(TSXV: SMD). BlueBird entered
into an option agreement in March
2018 with Strategic to acquire an 80% interest in the Batt
Claims in the Yukon Territory,
Canada.
"We have asked our exploration team to assess the possibility
of a "Windy Craggy style" Copper-Cobalt VMS style deposit on the
property. The Yukon Government has mapped a mafic volcanics/
sediment contact across the Batt property that may be prospective
for that style of deposit," stated Alf Stewart, President of
BlueBird.
The sample was a specimen sample from a gabbro outcrop with
cobalt bloom from: UTM Zone 8, NAD 83 – 370955 mE, 6669695
mN. The rock sample was sent to ALS Minerals in Whitehorse where it was dried and screened to
-180 microns. The sample was then shipped to ALS Minerals in
North Vancouver where it was
analyzed for 48 elements by four acid digestion and inductively
coupled plasma-atomic emission spectroscopy
(ME-MS61). Overlimit value for cobalt was determined by four
acid digestion and inductively coupled plasma-atomic emission
spectroscopy (Co-OG62). An additional 30 g charge was further
analyzed for gold by fire assay with inductively coupled plasma and
atomic emission spectroscopy finish
(AuICP21).
About the Batt Co-Cu Project
The Property is located 70 km south of Haines Junction, Yukon and 16 km from the Haines Road at Dalton
Post. The claims cover a prominent gossanous ridge where cobalt
bloom has been reported in multiple locations. The project is
located approximately 20 km north of the British Columbia border, where in 1967, minor
historical exploration work completed identified a zone that is
steeply dipping, north trending and about 3km long and 250m wide. Two historical grab samples
collected assayed: 5.6% Cu, N/A Co, 0.4% Sb, 0.7 g/t Au, and
1.7% Cu, 0.65% Co, Sb N/A, 2.7 g/t Au, where sample 2 was
very similar metal ratios as Windy Craggy. Batt claims re-staked in
1993 based on geological similarities to the Windy Craggy
deposit with a historical (1991) Proven and Probable Reserve
of 297.0 Mt @ 1.4% Cu, 0.07% Co (source Government of
British Columbia MINFILE database).
Please visit the website
www.bluebirdbatterymetals.com for additional
information on the Batt Co-Cu Project.
The technical content of this news release has been reviewed and
approved by Wes Hanson, P.Geo., a
director of the Company and a Qualified Person pursuant to National
Instrument 43-101.
About BlueBird Battery Metals
BlueBird Battery Metals (TSXV: BATT; US: BBBMF) is
a Canadian publicly listed company focused on the global
exploration and development of strategic battery metals projects,
primarily cobalt and nickel. BlueBird's goal is to pursue a
business model that offers direct and long-term leverage to the
price appreciation in nickel and cobalt, two principal materials in
EV batteries. The Company plans to become a leader in the battery
metals sector, as cobalt is currently in a global supply deficit,
has a vulnerable supply chain, and is part of an emerging sector
with extraordinary potential. BlueBird is advancing its portfolio
of battery metals focused assets in Western Australia and New South Wales, Australia, and in the
Yukon, Canada, and is currently
reviewing new acquisition opportunities to add to the Company's
project portfolio.
On Behalf of the Board of BlueBird Battery Metals
Inc.
Peter A. Ball
Chairman and CEO
This news release may contain or refer to forward-looking
information based on current expectations, including, but not
limited to the Company exploring its properties in Australia or the Yukon, and the impact on the Company of these
events, including the effect on the share prices. Forward-looking
information is subject to significant risks and uncertainties, as
actual results may differ materially from forecasted results.
Forward-looking information is provided as of the date hereof and
we assume no responsibility to update or revise such information to
reflect new events or circumstances.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor
their Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE Bluebird Battery Metals
