GREEN
BATTERY MINERALS MOBILIZES TO BERKWOOD GRAPHITE PROPERTY, QUÉBEC,
TO UNDERTAKE 6TH
DRILL
PROGRAM.
VANCOUVER,
BRITISH COLUMBIA - Aug. 26th, 2022 - InvestorsHub
NewsWire - Green Battery Minerals inc. (the
"Company") (TSX-V:
GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is pleased to announce that it has
mobilized a drill contractor to commence additional drilling on
Zone 6 of it's 100% owned Berkwood Graphite Project. The program is
intended to further define the extent and grade of the Zone 6
graphite discovery and to drill into the outcrops that were exposed
in our last mapping program done in July of this year.
The 20-hole 2,000 m 2022 drill
program has been designed based on the results of surface exposures
of graphite identified during the previous July mapping program
(see
news release date August 5, 2022). Semi continuous horizons
of graphite were identified along the trend illustrated in Figure 1
and Figure 2 and appear to define a recumbent fold structure.
Drilling is to initially focus on outcropping areas of graphite. At
each of the principal outcrop locations a number of holes will be
advanced and will attempt to demonstrate down dip and along-strike
continuity. Drilling will commence along 400m of continuous
graphite exposure along the south-dipping southern limb of the
antiform between Areas 1 – 3 outcrops (Figure 1). Where access is
possible, targeted holes will be advanced in the nose of the
antiform, where surface mapping has identified fault offset surface
continuity into the Area 4 outcrops. Several targeted holes have
also been specifically designed to establish the near surface true
thickness of the outcropping graphite.
Drilling is expected to
commence before the end of August 2022 and is expected to last for
4 to 6 weeks with field operations based out of Manic 5, Quebec.
The proposed budget has been approved in the amount of
CAD$1,000,000.
Figure
2: Berkwood Graphite Project - Zone 6 surface graphite exposure and
proposed drill holes.
The Company has previously
completed a drill program on Zone 6 for a total of 970 meters in 12
drill holes. Six of the twelve drill locations were drilled into
outcrops and intersected significant graphite enrichment
(see
news release date May 6, 2022).
Tom Yingling, President and CEO
of Green Battery states "It's
not every day you get to drill into high grade anything and here we
are about to drill directly into 4 separate graphite outcrops along
a defined 400m strike length with strong indications of more.
Needless to say, we are excited to test these outcrops at depth
under much fairer conditions than those we encountered last
winter."
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 Lac Gueret South 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
1: 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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