GREEN BATTERY MINERALS COMPLETES
RESOURCE EXPANSION DRILLING AT ZONE 1 AND INTERSECTS NUMEROUS HOLES
RANGING FROM 150 - 200 FEET OF GRAPHITE.
Video:
https://youtu.be/FxBhD1pC3Cs
VANCOUVER, BRITISH COLUMBIA
- | May 18th, 2022 --
InvestorsHub NewsWire -- Green Battery Minerals inc. (the
"Company") (TSXV: GEM) (OTC: CZSVF) is pleased to provide initial results
from 11 diamond drill holes that were completed as part of the
Company's successful resource infill and expansion drilling at the
Berkwood Graphite Project, situated 280 km north of Baie-Comeau,
Quebec.
Tom Yingling, President and CEO of Green Battery states
"I am very pleased to report
that the fifth drill program on Zone 1 continued to have
success.
Having drilled several holes that
have graphite intersections ranging from 150 feet to over 200 feet
(46-62 m) is outstanding. Zone 1 already has a current resource estimate
of indicated (1.76 Mt @ 17% Cgr) and inferred (1.53 Mt @ 16.4 Cgr)
graphite and this drill program was designed to increase
that.
These new drill holes will be added
to our current 3-D model and used to pinpoint the next drill
locations planned for this July. July's drill program will be designed to
explore and develop our newly discovered Zone 6 graphite outcrop
and is also planned to expand the resource on Zone
1."
The program which was commenced on 1st April 2022 was
completed for a total of 11 holes and 1,152 meters. Significant
intersections of graphite enrichment were encountered in the hinge
zone of the syncline where the predominance of the existing
resources occurs, these intersections are anticipated to improve
resource confidence in the core of the deposit. All11 holes
intersected graphite enrichment. Some of the significant
intersections include:
-
62 m of graphite
enrichment from 47 m in BK1-51-22
-
50 m of graphite
enrichment from 50 m, and further 18 m from 27 m in
BK1-52-22
-
46 m of graphite
enrichment from 66 m in BK1-47-22
-
37.9 m of graphite
enrichment from 42.1 m in BK1-46-22
-
36.1 m of graphite
enrichment from 72.9 m in BK1-50-22
-
36 m of graphite
enrichment from 54 m, and 9.5 m from 99.5 m in
BK1-53-22
Table 1: Summary of
Zone 1 graphite enrichment intersections
The above intervals are drilling lengths, not true widths,
because the true orientation of the enrichment horizons has not yet
been established.
The infill drilling focused on the core of the syncline at
the west of the deposit area, infilling at the 'nose' of the
syncline continued to produce wide intersection in, and adjacent to
areas of known graphite enrichment. Step out drilling along the
southern limb of the of the interpreted fold structure was
completed and graphite enrichment encountered suggest additional
structural controls disrupt the continuity of the enrichment
horizon to the east. This
distribution is broadly coincident with the magnetic anomaly, the
company intends to complete additional structural mapping followed
by further confirmation drilling in Q2/Q3 of 2022.
Figure 1: Zone 1
Drill hole locations and down-hole traces.
Table 2: Summary of
drill hole locations and down hole specifications.
HOLE-ID
|
EASTING
|
NORTHING
|
ELEVATION
|
LENGTH
|
AZIMUTH
|
DIP
|
|
(UTM NAD
83)
|
(UTM NAD
83)
|
(m
AMSL)
|
(m)
|
(degree)
|
(degree)
|
BK1-46-22
|
493189.42
|
5655689.60
|
626.8
|
100
|
0
|
-65
|
BK1-47-22
|
493117.00
|
5655668.00
|
665.0
|
112
|
0
|
-50
|
BK1-48-22
|
493285.00
|
5655688.00
|
656.0
|
121
|
0
|
-50
|
BK1-49-22
|
493384.00
|
5655742.87
|
637.0
|
109
|
0
|
-50
|
BK1-50-22
|
493074.00
|
5655677.00
|
662.0
|
109
|
5
|
-50
|
BK1-51-22
|
493074.00
|
5655677.00
|
662.0
|
109
|
0
|
-75
|
BK1-52-22
|
493019.00
|
5655699.00
|
651.0
|
109
|
45
|
-50
|
BK1-53-22
|
493025.68
|
5655694.81
|
631.1
|
110
|
60
|
-70
|
BK1-54-22
|
493063.53
|
5655711.36
|
641.1
|
55
|
0
|
-75
|
BK1-55-22
|
493153.55
|
5655671.99
|
642.0
|
109
|
0
|
50
|
BK1-56-22
|
493239.12
|
5655684.39
|
659.4
|
109
|
0
|
-50
|
Clarification on qualified person
for May 6, 2022, news release.
The company wishes to clarify it's disclosure made in a news
release on May 6, 2022 titled "Green Battery Minerals Receives
Assays from Drilling into Graphite Outcrop on Zone 6. Intersecting
28.48 meters of 28.37% Grade Graphite. Proving Our Concept that Our
Graphite Is Open to Depth". The
qualified person that reviewed the release is Luke van der Meer
(P.Geo) and not Alexander Beloborodov
(P.Geo). Most sincere apologies are
given for the misrepresentation of Mr. Beloborodov.
About the Berkwood Graphite Project
The Berkwood Graphite Project is located within the
jurisdiction of Quebec, in the Manicouagan Regional County
Municipality, three hours driving time from the city of
Baie-Comeau. Easy access is provided via a major secondary road and
numerous tertiary and forest roads that traverse the
property.
The Zone 1 deposit lies 8 km southwest of Mason Graphite's
deposit which is the subject of a current feasibility study. The
Company believes its Zone 1 deposit and that of Mason share many
similar geological characteristics with the Zone 1 deposit being
one of the highest-grade graphite deposits in the world.
The current mineral resource at the Berkwood Graphite Project
includes in-pit constrained resource totalling 1,755,300 tonnes of
indicated resources at 17.00 % Cgr and 1,526,400 tonnes in inferred
resources at 16.39 % Cgr.
Table 3: In-pit
Resource at Lac Gueret South Project (rounded numbers)
The mineral resource estimates above are described in the
technical report entitled, NI 43-101 Technical Report Mineral
Resource 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 Claude 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 has reviewed and
approved the technical content of this news release.
About the Company:
Green Battery Minerals is managed by a team with over 150
years of collective experience with a proven track record of not
just finding numerous mines but building and operating them as
well. The Green Battery Minerals management team's most recent
success is discovering the Berkwood graphite deposit in Northern
Québec. Green Battery Minerals owns 100% of this asset and the
Company's shareholders will benefit from this asset as the demand
for graphite for electric vehicles increases
significantly.
On Behalf of the Board of Directors
Green Battery Minerals
lnc.
'Thomas Yingling'
President, CEO & Director
FOR MORE INFORMATION, PLEASE
CONTACT:
Investor Relations:
or 1-604-343-7740
info@greenbatteryminerals.com
www.greenbatteryminerals.com
Disclaimer for Forward-Looking
Information:
Certain statements in this document
which are not purely historical are forward-looking statements,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Forward looking statements in this
news release include that the Company will carry out the drill
program described in this news release, conduct the Offering and
expend funds on Berkwood Graphite Project exploration. It is
important to note that the Company's actual business outcomes and
exploration results could differ materially from those in such
forward-looking statements. Risks and uncertainties include that
further permits may not be granted timely or at all; the mineral
claims may prove to be unworthy of further expenditure; there may
not be an economic mineral resource; methods we thought would be
effective may not prove to be in practice or on our claims;
economic, competitive, governmental, environmental and
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 be
able to develop any minerals because of cost factors, type of
terrain, or availability of equipment and technology; and we 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 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 of the
events anticipated by the forward-looking statements will occur or,
if they do occur, what benefits the Company will obtain from
them.
These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions, which may prove to be
incorrect. Except as required by law, we will not update these
forward-looking statement risk factors.
Neither TSX Venture Exchange nor
its 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.