GREEN BATTERY MINERALS REPORTS NEW
GRAPHITIC OUTCROPS ON ZONE 6 AND CHANNEL SAMPLING.
VANCOUVER, BRITISH
COLUMBIA -- July
15th, 2022 – Green
Battery Minerals inc. (the "Company") (TSXV: GEM) (OTC: GBMIF) is pleased to announce that its crews
working on Zone 6 , (as per June 30th news release)
have exposed significant Graphitic outcrops and have channel
sampled them.
The program intends to further define and
expose the outcrops on the Zone.
The current geological mapping and trenching being done on
Zone 6 will be used to pinpoint the upcoming drill program. This
will move us closer to our PEA.
ZONE 6
Prior to the new knowledge of
Zone 6 the Company had previously completed a drill program
(NR May 6th, 2022) on
Zone 6 for a total of 760 meters in 12 drill
holes. Six of the twelve drill
locations were drilled into outcrops and intersected significant
graphite enrichment. These
intersections support an evolving structural model of multiple
recumbently folded graphitic horizons hosting thick and presumably
continuous graphitic intervals of compelling grade and true
thickness.
There are still many outcrops on Zone 6 that have not been
drilled. We are exposing more of
these outcrops as we put in the roads to the outcrops for the drill
pads.
Tom Yingling, President and CEO of Green Battery, states,
" The crews
have expanded the outcrops, and we are thrilled with the visual results. Once
the channel sampled graphite assayed reports come in, we will
analyze the information to help us define this compelling anomaly
and deepen our understanding of what further work is needed. We
look forward to the next drill program planned on zone 6 coming
late Summer or Fall 2022"
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 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.
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 the collective experience and a proven track record of
finding numerous mines and building and operating them. 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
inc.
'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.
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