VANCOUVER, BRITISH COLUMBIA, CANADA -- August 12, 2022 --
InvestorsHub NewsWire -- Green Battery Minerals inc. (the
"Company") (TSXV:GEM) (OTC:CZSVF) is pleased to provide assay
results from 11 diamond drill holes that were completed as part of
the Company's successful Zone 1, 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 "these
further drill results on Zone 1 will help expand our current
resource estimate of indicated (1.76 Mt @ 17% Cgr) and inferred
(1.53 Mt @ 16.4 Cgr) graphite. The results are consistent
with existing grades."
The program which was commenced on 1st April 2022 was completed
for a total of 11 holes and 1,152 meters. Highlights of
these holes include.
-
BK1-46-22 - 51.2m (from 42.2m) at 22.61%, including 21m
(from 43.7m) at 30.09%, and including 12.1m (from 75.3m) at
28.52%
-
BK1-47-22 - 45.95m (from 66.05m) at 17.58%, including 9.05m
(from 67.55m) at 26.26%, and including 10.5m (from 100.7m) at
29.96%
-
BK1-50-22 - 36.1m (from 72.9m) at 18.46%, including 10.5m
(from 75.9m) at 31.73%
-
BK1-51-22 - 62m (from 47m) at 16.37%, including 9m (from
48.5m) at 29.71%, and including 12m (from 69.5m) at
27.68%
-
BK1-52-22 - 58m (from 50m) at 11.44%, including 9m (from
51.5m) at 28.85%
-
BK1-54-22 - 42.5m (from 43m) at 14.74% including 13m (from
44.5m) at 24.07%
-
BK1-55-22 - 46.5m (from 56m) at 21.97% including 19.5m
(from 80m) at 35.52%
Table 1: Summary of Zone 1 graphite enrichment
intersections
|
Hole ID
|
From (m)
|
To (m)
|
Interval (m)
|
Grade
(% TCG)
|
Cut Off
|
|
BK1-46-22
|
9
|
9.74
|
0.74
|
21.91
|
|
|
and
|
10.19
|
11.05
|
0.86
|
16.86
|
|
|
and
|
11.28
|
12.24
|
0.96
|
16.56
|
|
|
and
|
17.7
|
18.95
|
1.25
|
5.14
|
|
|
and
|
30.67
|
32.32
|
1.65
|
20.00
|
|
|
and
|
37.1
|
39.5
|
2.40
|
20.80
|
|
|
and
|
42.2
|
93.4
|
51.20
|
22.61
|
|
|
including
|
42.2
|
63.2
|
21.00
|
30.09
|
20%
|
|
and including
|
75.3
|
87.4
|
12.10
|
28.52
|
20%
|
|
BK1-47-22
|
8.6
|
14.6
|
6.00
|
27.77
|
|
|
and
|
36.55
|
39.84
|
3.29
|
7.21
|
|
|
and
|
42.84
|
44.85
|
2.01
|
9.68
|
|
|
and
|
66.05
|
112
|
45.95
|
17.58
|
|
|
including
|
66.05
|
75.1
|
9.05
|
26.26
|
20%
|
|
and including
|
100.7
|
111.2
|
10.50
|
29.96
|
20%
|
|
BK1-48-22
|
84.2
|
85.56
|
1.36
|
6.12
|
|
|
and
|
98.3
|
100.2
|
1.90
|
29.64
|
20%
|
|
and
|
109.5
|
112.5
|
3.00
|
4.27
|
|
|
BK1-49-22
|
4.7
|
7
|
2.30
|
12.73
|
|
|
and
|
13.7
|
14.15
|
0.45
|
1.16
|
|
|
and
|
22.6
|
24.65
|
2.05
|
1.45
|
|
|
and
|
33.2
|
33.8
|
0.60
|
6.22
|
|
|
and
|
48.38
|
48.9
|
0.52
|
9.01
|
|
|
BK1-50-22
|
7.32
|
7.58
|
0.26
|
16.90
|
|
|
and
|
72.9
|
109
|
36.10
|
18.46
|
|
|
and including
|
75.9
|
86.4
|
10.50
|
31.73
|
20%
|
|
BK1-51-22
|
9.7
|
11.4
|
1.70
|
32.68
|
20%
|
|
and
|
47
|
109
|
62.00
|
16.37
|
|
|
including
|
47
|
56
|
9.00
|
29.71
|
|
|
and including
|
69.5
|
81.5
|
12.00
|
27.68
|
|
|
BK1-52-22
|
14.5
|
45
|
30.50
|
8.02
|
|
|
and
|
50
|
108
|
58.00
|
11.44
|
|
|
including
|
51.5
|
60.5
|
9.00
|
28.85
|
20%
|
|
BK1-53-22
|
21.5
|
26
|
4.50
|
1.76
|
|
|
and
|
35.5
|
37.5
|
2.00
|
2.69
|
|
|
and
|
43
|
89
|
46.00
|
8.72
|
|
|
and
|
99.5
|
102.5
|
3.00
|
14.19
|
|
|
BK1-54-22
|
19.5
|
25.5
|
6.00
|
1.80
|
|
|
and
|
43
|
85.5
|
42.50
|
14.74
|
|
|
including
|
43
|
56
|
13.00
|
24.07
|
20%
|
|
and
|
95
|
96
|
1.00
|
3.75
|
|
|
and
|
108
|
109
|
1.00
|
10.40
|
|
|
BK1-55-22
|
8.25
|
10.75
|
2.50
|
4.98
|
|
|
and
|
28.75
|
29.3
|
0.55
|
31.60
|
20%
|
|
and
|
56
|
102.5
|
46.50
|
21.97
|
|
|
including
|
80
|
99.5
|
19.50
|
35.52
|
20%
|
|
BK1-56-22
|
18
|
21
|
3.00
|
7.28
|
|
|
and
|
77
|
81
|
4.00
|
4.80
|
|
|
and
|
92
|
96
|
4.00
|
10.78
|
|
The above intervals are drilling lengths, not true widths,
because the true orientation of the enrichment horizons is highly
deformed and folded and has not yet accurately 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.
QA / QC Comments
A total of 347 diamond drill core samples of ½ cut core
were collected, individual sample lengths vary from 0.3 to 1.50 m
depending upon geological and mineralogical constraints.
Every tenth sample was submitted as a standard, blank, or
duplicate. The standard used was OREAS 723; a certified reference
material containing 5.87% TGC (Total Graphitic Carbon).
Samples were delivered to MSALABS in Langley, British Columbia,
an ISO accredited laboratory. There they were crushed to a
nominal minus 2 mm, split into representative sub-samples and then
pulverized to at least 85% minus 75 microns before collecting
sub-sample pulps for each of the core samples.
All sub-sample pulps were analysed for both Total Carbon + Total
Sulphur (SPM-512) and Graphite Carbon (SPM-140). The Graphite
Carbon analysis process involves the sample to be ashed, leached,
and the residue measured by induction. The detection range for this
analysis is between 0.02-50%, while the SPM-512 detection limit for
both Carbon and Sulphur is 0.01-50%.
Click Image To View Full Size
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
|
5655689
|
626
|
100
|
0/360
|
-65
|
|
BK1-47-22
|
493117
|
5655668
|
665
|
112
|
0/360
|
-50
|
|
BK1-48-22
|
493285
|
5655688
|
656
|
121
|
0/360
|
-50
|
|
BK1-49-22
|
493384
|
5655742
|
637
|
109
|
0/360
|
-50
|
|
BK1-50-22
|
493074
|
5655677
|
662
|
109
|
0/360
|
-50
|
|
BK1-51-22
|
493074
|
5655677
|
662
|
109
|
0/360
|
-75
|
|
BK1-52-22
|
493019
|
5655699
|
651
|
109
|
45
|
-50
|
|
BK1-53-22
|
493025
|
5655694
|
631
|
110
|
60
|
-70
|
|
BK1-54-22
|
493063
|
5655711
|
641
|
55
|
0/360
|
-75
|
|
BK1-55-22
|
493153
|
5655671
|
642
|
109
|
0/360
|
50
|
|
BK1-56-22
|
493239
|
5655684
|
659
|
109
|
0/360
|
-50
|
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.
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