Green Battery Minerals inc. (TSX-V: 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 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:
The above intervals are drilling lengths, not true widths, because the true orientation of the enrichment horizons has not yet been established.
Figure 1: Zone 1 Drill hole locations and down-hole traces.
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.
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.
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 & Claude Duplessis, ing. Link to Report: https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf
Luke van der Meer (P.Geo) is a Qualified Person as defined by National Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this news release.
About Green Battery Minerals:
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.
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