Base Metals

Battery Mineral Resources Corp. is pleased to announce encouraging drill core assay results from the on-going 2021 exploration and in-fill Dalmacia drill program at the Punitaqui mine complex in Chile. Punitaqui is slated for resumption of copper concentrate production in mid to late-2022. Dalmacia is located in the southern portion of the Punitaqui area about 6 kilometers south of the Punitaqui copper processing ...

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce encouraging drill core assay results from the on-going 2021 exploration and in-fill Dalmacia drill program at the Punitaqui mine complex ("Punitaqui") in Chile. Punitaqui is slated for resumption of copper concentrate production in mid to late-2022. Dalmacia is located in the southern portion of the Punitaqui area about 6 kilometers south of the Punitaqui copper processing plant. The Dalmacia target is the second of several historic zones drilled by BMR with partially delineated mineralized zones and established underground access.

Highlights

  • Complete final assay results from two Dalmacia drillholes (DS-21-03 and DS-21-06 see Table 1) have been returned with encouraging results as follows:

Drillhole DS-21-O3 (Infill):

  • 15 meters ("m") grading 1.01% copper ("Cu"), 1.2g/t silver ("Ag") and 0.02g/t gold ("Au") including 4m at 2.47% Cu, 3.1g/t Ag and 0.05g/t Au.

Drillhole DS-21-O6 (Step-out):

  • 32m grading 0.73% Cu and 0.5g/t Ag including 16m at 1.15% Cu, 0.6g/t Ag and 0.06g/t Au and also including 7m at 1.75% Cu, 0.8g/t Ag and 0.08g/t Au from 37m.
  • 3m at 2.14% Cu, 0.60g/t Ag and 0.03g/t Au from 112m.
  • 5m at 1.58% Cu, 0.4g/t Ag and 0.02g/t Au from 134m.
  • 95m at 0.78% Cu and 0.5g/t Ag from 167m including
    • 3m at 1.84% Cu, 0.8g/t Ag and 0.10g/t Au from 167m
    • 4m at 1.75% Cu,0.6g/t Ag and 0.07g/t Au from 183m
    • 65m at 0.93%Cu and 0.5g/t Ag including 14m at 2.44% Cu, 0.7g/t Ag and 0.04g/t Au from 197m
    • 19m at 1.10% Cu, 0.6g/t Ag and 0.02g/t Au from 243m including 8m at 1.88% Cu, 0.7g/t Ag and 0.03g/t Au from 243m and 2m at 1.79% Cu, 0.7g/t Ag and 0.06g/t Au from 260m.
  • 19 holes completed at Dalmacia have reached target depth and 18 holes have intersected significant visible copper mineralization.
  • The Dalmacia drill program is designed to confirm mineralized zones identified by previous drilling programs and expand these mineralized zones north and south, along strike and at also depth.
  • Earlier results from the Dalmacia 2021 drilling program include (see Table 2):
    • Drillhole DS-21-O1:
      • 12m grading 1.79% Cu and 2.5g/t Ag including 8m at 2.44% Cu, 3.2g/t Ag and 0.04g/t Au
      • 23m at 1.16% Cu and 1.7g/t Ag including 13m at 1.56% Cu and 2.1g/t Ag and including 7m at 2.32% Cu, 3.1g/t Ag and 0.04g/t Au
      • 2m at 1.06% Cu, 0.7g/t Ag and 0.03g/t Au
      • 4m at 0.89% Cu and 0.4g/t Ag
      • 4.9m at 0.72% Cu and 0.6g/t Ag
    • Drillhole DS-21-02:
      • 7m grading 1.67% Cu, 2.6g/t Ag and 0.08g/t Au
      • 10m at 1.03% Cu and 2.1g/t Ag including 3m at 1.49% Cu and 2.3g/t Ag
      • 2m at 2.34% Cu and 5g/t Ag
      • 7m at 2.58% Cu and 2.7g/t Ag
      • 11m at 1.08% Cu, 0.9g/t Ag and 0.08g/t Au including 4.0m at 2.32% Cu, 1.4g/t Ag and 0.17g/t Au and including 3.0m at 2.90% Cu, 1.7g/t Ag and 0.22g/t Au.

Battery CEO Martin Kostuik states; "Our recent acquisition of the former producing Punitaqui copper mine in Chile will give our investors an opportunity to participate in a potentially significant re-rating in BMR's valuation as we transition from development to operations and positive cash-flowing. The development of Punitaqui towards a restart is progressing well on all fronts such as drilling, engineering and permit modifications and we look forward to presenting the restart plan for the mine in Q1 2022. In addition, as the drilling program progresses across the various mineralized zones, we are excited to report the first of many results for Dalmacia. These new step-out drilling results demonstrate that previously defined mineralized zone remains open to the north and the 2021 infill drilling has confirmed the presence of a number of high-grade shoots.

This program has the potential to provide the Company with an additional source of copper ore along with existing ore at the Cinabrio mine and the mineralization at the San Andres target. We look forward to providing further exciting updates for the drill program as we progress towards a potential near term resumption of operations and cashflow at Punitaqui."

Punitaqui Copper Mine
Punitaqui is a former producing copper mine located in the Coquimbo region of Chile with an eight-plus year operating history within which produced up to 25 million pounds of copper in concentrate annually. Punitaqui was recently acquired by BMR via a private placement equity financing announced on July 13, 2021. BMR began developing the project immediately by initiating a drilling program, operating and environmental permit modifications and engineering studies.

Dalmacia Drill Program

  • Program comprises both confirmation and step-out diamond core drilling
  • Currently, two diamond core drills are in operation at Dalmacia.
  • Nineteen holes have been completed for 3,892 meters of diamond core drilling and the program continues

The Dalmacia target is located in the southern portion of the Punitaqui area about 6 kilometers south of the Punitaqui processing plant (see Figure 1 and Figure 2). The first drilling occurred in 1993-1994 when 49 reverse circulation ("RC") holes totaling 9,972m were completed. Historic exploration drilling at Dalmacia North has been completed at a grid spacing of 25m x 25m and at a spacing 15m x 15m in the south. In total, 229 drill holes (98 RC holes and 131 diamond core holes) have been drilled for a total of 53,294m.

The geological setting of the Dalmacia target is different from both the Cinabrio mine and San Andres target which are located 20 kilometers to the north. Dalmacia is situated within a roof-pendant of volcanic rocks, with minor calcareous intercalations of Middle to Upper Jurassic age. This volcano-sedimentary complex is intruded by younger aged granites located in a reverse fault.

The current drill program is designed to infill and confirm the continuity of mineralization between previous drilling and includes a series of step-out holes to test the potential adjacent to the main zone of copper-gold mineralization as defined by historic drilling. The infill drilling results to date have defined several steep dipping shoots of high-grade mineralization. Step-out drilling has identified high-grade mineralization beyond the northern edge of the main drilling grid.

Drillhole DS-21-03 was designed as an infill drill hole to test Dalmacia mineralization in the south-central portion of the target 100m northeast of the mine portal. It was drilled in a northeast direction between drill holes DS-14-09 (9m at 1.62% Cu) and DAL-09 (7.0m at 1.66% Cu). DS-21-03 resulted in one intercept; 15m grading 1.01% Cu and 1.2g/t Ag from 46m downhole including 4m at 2.47% Cu, 3.1g/t Ag and 0.05g/t Au from 46m.

Drillhole DS-21-06 was designed to test Dalmacia mineralization beyond the northern edge of the known mineralized zone. The hole was drilled north of drill hole DAL-38 which intersected 16 meters of 1.24% Cu from 59 meters and DS-11-04 which intersected 12 meters of 1.94% Cu from 22 meters and 11.4 meters of 1.01% Cu from 205 meters. Drillhole DS-21-06 resulted in numerous intercepts of mineralization between 37 and 262 meters downhole. These include 16m grading 1.15% Cu, 0.6g/t Ag and 0.06g/t Au from 37m downhole, 95m at 0.78% Cu from 167m downhole including 14m at 2.44% Cu and 0.7g/t Ag from 197m and 19m at 1.10% Cu and 0.6g/t Ag from 243m downhole.

The results from DS-21-06 indicate that high-grade mineralization at Dalmacia is open to the north. Follow-up drilling is underway to further define the mineralization discovered in DS-21-06. Sample assay results, reported herein, are from DS-21-03 & DS-21-06 from the Dalmacia target (see Table 1 and Figure 2).

Table 1: Dalmacia Drilling New December Significant Assay Results

Drillhole
Number
From
(m)
To
(m)
Sample
 Interval
(m)
Copper
Cu (%)
Silver Ag
(g/t)
Gold
 Au (g/t)
DS-21-03 46.0 61.0 15.0 1.01 1.2 0.017
including 46.0 50.0 4.0 2.47 3.1 0.05
DS-21-06 37.0 69.0 32.0 0.73 0.5 -
including 37.0 53.0 16.0 1.15 0.6 0.06
including 37.0 44.0 7.0 1.75 0.8 0.079
and 112.0 115.0 3.0 2.14 0.6 0.03
and 134.0 139.0 5.0 1.58 0.4 0.019
and 167.0 262.0 95.0 0.78 0.5 -
including 167.0 170.0 3.0 1.84 0.8 0.096
and 183.0 187.0 4.0 1.75 0.6 0.071
and 197.0 262.0 65.0 0.93 0.5 -
including 197.0 211.0 14.0 2.44 0.7 0.039
and 243.0 262.0 19.0 1.10 0.6 0.022
including 243.0 251.0 8.0 1.88 0.7 0.029
and 260.0 262.0 2.0 1.79 0.7 0.06

 

Table 2: Dalmacia 2021 Drilling Significant Assays Results - November 2021

Drillhole
Number
From
(m)
To
(m)
Sample
Interval
(m)
Copper
Cu (%)
Silver
Ag (g/t)
Gold
Au (g/t)
DS-21-01 79.0 91.0 12.0 1.79 2.5 -
including 80.0 88.0 8.0 2.44 3.2 0.04
and 105.0 128.0 23.0 1.16 1.7 -
including 115.0 128.0 13.0 1.56 2.1 0.04
including 115.0 122.0 7.0 1.67 2.6 0.08
and 137.0 139.0 2.0 1.06 0.7 0.03
and 180.0 184.0 4.0 0.89 0.4 -
and 220.0 224.9 4.9 0.72 0.03 -
DS-21-02 22.0 29.0 7.0 1.67 2.6 0.08
and 64.0 74.0 10.0 1.03 2.1 -
including 64.0 67.0 3.0 1.49 2.3 -
and 71.0 73.0 2.0 2.34 5.0 -
and 99.0 106.0 7.0 2.58 2.7 -
and 177.0 188.0 11.0 1.08 0.9 0.08
including 177.0 181.0 4.0 2.32 1.4 0.17
Including 177.0 180.0 3.0 2.90 1.7 0.22

 


Note: All Intercepts reported as downhole core intervals



Figure 1: Dalmacia Target Location Map

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6076/106862_e30bb6005466aaef_002full.jpg.



Figure 2: Dalmacia Target Drill Plan

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6076/106862_e30bb6005466aaef_003full.jpg.

Background - Dalmacia Target
The first modern drilling of the Dalmacia target occurred in 1993-1994 when 49 reverse circulation ("RC") holes totaling 9,972m were completed.

In 2007, Compañia Minera Punitaqui carried out ground magnetics and induced polarization surveys followed by RC drilling program (49 holes/11,473m). Between 2011 - 2018 a total of 131 diamond core drillholes were completed at Dalmacia for a total of 31,849m.

The Dalmacia exploration drilling has been completed at a grid spacing of 25m x 25m in the north and at 15m x 15m in the south. In total, 229 drill holes (98 RC holes and 131 diamond core holes) have been drilled for a total of 53,294m with 35,201 samples analysed.

The Dalmacia target is located within a roof-pendant of volcanic rocks, with minor calcareous intercalations of Middle to Upper Jurassic age. This volcano-sedimentary complex is intruded by 105-130Ma granitoids located in a reverse fault.

The Dalmacia copper-gold mineralization is hosted in the Agua Salada Complex, consisting of andesites, ocoites (porphyritc andesites) with white phenocrysts and ocoites with black phenocrysts. The ocoites are conformable to stratigraphy ("sill-type") and in plan show an elliptical to sub-circular morphology.

The copper-gold mineralization occurs as veins, fracture infillings and disseminated oxides and sulphides. The known strike length of the mineralized zone is at least 1,500m and up to 300m wide with depths greater than 500m. Additionally, mineralization is related to regional structures and deformation zones, developed mainly in the contacts between granitoids and volcano-sedimentary rocks.

The mineralisation at Dalmacia is hosted in andesites, and andesitic porphyry dykes with both black and white phenocrysts. The copper-gold mineralization is structurally controlled and occurs as veins, fracture infillings and disseminated oxides and sulphides. The known strike length of the mineralised zone is at least 1,500m and up to 300m wide with depths greater than 500m.

At Dalmacia, oxide mineralisation includes chrysocolla, atacamite, neotocite and cuprite. Primary mineralisation consists of chalcopyrite and bornite with pyrite. Secondary mineralisation includes chalcocite and bornite.

Locally, the copper mineralization at Dalmacia is hosted within a stratigraphic package that includes sedimentary rocks, andesites, and tuffs, intruded by ocoites and late intrusive diorite (dykes and stocks), which have generated hornfels. The alteration related with the mineralization varies from potassium feldspar, actinolite, secondary biotite, chlorite, green sericite to sericite-quartz/sericite.

The main copper mineralization occurs immediately after the ocoites undergo a late phase of chalcosodic alteration (quartz-albite-actinolite-epidote, "white" ocoites) with the destruction of magnetite and superimposed onto an earlier event of black albite, magnetite and silicates (black ocoites).

The upper portion of the Dalmacia target is accessed via a portal and a limited underground ramp and level development.

At Dalmacia, the copper-gold mineralization is hosted by andesitic volcanic rocks, with minor sandstone layers, intruded by subvolcanic dikes, sills and small stocks of porphyritic andesite (ocoites), and diorite. The mineralization is interpreted to be controlled by both lithologies and fault structures. Lithologies favorable to mineralization include vesicular porphyritic andesites and sandstone units. At least two sets of steeply dipping shear zones are thought to be fluid pathway for the hydrothermal fluids which produced the mineralization. Zones of moderate to intense biotite alteration are commonly associated with the copper mineralization and locally contain moderate grade disseminated chalcopyrite-bornite mineralization.

Quality Control
Sample preparation, analysis and security procedures applied on the BMR exploration projects is aligned with industry best practice. BMR has implemented protocols and procedures to ensure high quality collection and management of samples resulting in reliable exploration assay data. BMR has implemented formal analytical quality control monitoring for all field sampling and drilling programs by inserting blanks and certified reference materials into every sample sequence dispatched.

Sample preparation is performed ALS Global - Geochemistry Analytical Lab in La Serena, Chile and sample analyses by ALS in Lima, Peru. ALS analytical facilities are commercial laboratories and are independent from BMR. All BMR samples are collected and packaged by BMR staff and delivered upon receipt at the ALS Laboratory. Samples are logged in a sophisticated laboratory information management system for sample tracking, scheduling, quality control, and electronic reporting. Samples are dried then crushed to 70%

  • ME-MS61: A high precision, multi-acid digest including Hydrofluoric, Nitric, Perchloric and Hydrochloric acids. Analysed by inductively coupled plasma ("ICP") mass spectrometry that produces results for 48 elements.
  • ME-OG62: Aqua-Regia digest: Analysed by ICP-AES (Atomic Emission Spectrometry) or sometimes called optical emission spectrometry (ICP-OES) for high levels of Co, Cu, Ni and Ag.

Certified standards are inserted into sample batches by ALS. Blanks and duplicates are inserted within each analytical run. The blank is inserted at the beginning, certified standards are inserted at random intervals, and duplicates are analysed at the end of the batch.

Additional Information
Michael Schuler, Battery Mineral Resources Corp. Chile Exploration Manager, supervised the preparation of and approved the scientific and technical information in this press release pertaining to the Punitaqui Exploration Drill Program. Mr. Schuler is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Battery Mineral Resources Corp.
A battery mineral company with high-quality assets providing shareholders exposure to the global mega-trend of electrification and focused on growth through cash-flow, exploration and acquisitions in the world's top mining jurisdictions. Battery is currently developing the Punitaqui Mining Complex and pursuing the potential near term resumption of operations for second half of 2022 at the prior producing Punitaqui copper-gold mine. The Punitaqui copper-gold mine most recently produced approximately 21,000 tonnes of copper concentrate in 2019 and is located in the Coquimbo region of Chile.

Battery is engaged in the discovery, acquisition, and development of battery metals (cobalt, lithium, graphite, nickel and copper), in North and South America and South Korea with the intention of becoming a premier and sustainable supplier of battery minerals to the electrification marketplace. Battery is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp, Canada and continues to pursue a focused program to build on the recently announced, +1-million-pound high grade cobalt resource at McAra by testing over 50 high-grade primary cobalt silver-nickel-copper targets. In addition, Battery owns 100% of ESI Energy Services, Inc., also known as Ozzie's, a pipeline equipment rental and sales company with operations in Leduc, Alberta and Phoenix, Arizona.

For further information, please contact:

Battery Mineral Resources Corp.
Martin Kostuik
Phone: +1 (604) 229 3830
Email: info@bmrcorp.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106862

News Provided by Newsfile via QuoteMedia

Battery Mineral Resources

Battery Mineral Resources

Overview

The global battery metals market is a rapidly growing billion-dollar industry. This market represents the raw materials used in the production of batteries such as lithium, nickel, cobalt, manganese and graphite. With the increasing popularity of electric vehicles, energy storage systems, consumer electronics and electric alternatives to everyday applications, the demand for these metals has seen unprecedented growth.

In 2019, analysts valued the market at US$11.3 billion and projected it to grow at a CAGR of 8.2 percent and reach US$20.5 billion by 2027. A rapid surge in the renewable energy industry has many looking to the battery mineral and metal exploration and development companies to supply the demand, which shows robust projections across global markets.

Battery Mineral Resources (TSXV:BMR,OTCQB:BTRMF) is a Canadian multi-commodity resource company focused on exploring, mining and bringing essential battery minerals to market through project development and production. Its unparalleled management team and high-quality asset portfolio set the company apart from other emerging battery metals players.

battery mineral resources punitaqui plant

BMR stands as the largest claim holder across all minerals in the Ontario Cobalt Belt, which is one of the most richly endowed mining regions in the world. It currently has a robust asset portfolio, including its McAra, Gowganda, Iron Mask, Island 27 projects in Ontario and additional projects in the works across the province and Quebec. As a first-mover in the district, the company has led efforts in recognizing the potential of multiple new, at-surface and high-grade primary cobalt discoveries in this region.

In March 2021, BMR acquired the near-term cash flow Minera Altos de Punitaqui copper-gold project in Chile, which consists of a centralized process plant fed by four satellite copper deposits — San Andres, Cinabrio, Dalmacia and Los Mantos. The past-producing mining operation leverages easy road access to local population centers and presents outstanding exploration opportunities across its classic IOCG and manto style copper-gold-silver veins.

The company's cobalt reach extends into the prolific mining district of Idaho with its three 100 percent owned properties covering 14 significant cobalt prospects in the state. Bonanza, Desert and East Fork properties are strategically positioned near the home of eCobalt Solutions Idaho cobalt project, the only advanced stage, near term, environmentally permitted, primary cobalt deposit in the U.S.

Another exciting addition to the BMR portfolio is its highly prospective graphite assets located in South Korea and lithium assets in prolific U.S. mining districts. The Guemam and Taehwa projects are two past-producing graphite mines, which leverage close proximity to excellent lithium-ion industrial infrastructure and considerable yield and high-grade graphite potential.

battery mineral resources san andres trend punitaqui

The next steps for the company involve extensive drilling in Chile and a 9,000-meter drilling program across its assets in Ontario, targeting eight cobalt silver prospects. Exciting development work and operational construction in the near future could propel exploration and drilling forward significantly. Positive drill results at its Idaho properties also present higher-than-expected cobalt grades and exploration opportunities.

Battery Mineral Resources Corp.'s management team consists of leaders with extensive operational and development experience. Combined with a stellar and supportive shareholder portfolio, the company is primed for exceptional economic growth and well-funded development.

Battery Mineral Resources' Company Highlights

  • Battery Mineral Resources is a multi-commodity resource company focused on discovering, acquiring and developing battery metals projects (cobalt, lithium, graphite, nickel & copper), in North and South America and South Korea. It's poised to become a premier and sustainable supplier of battery minerals to the electrification marketplace.
  • BMR is currently developing the Punitaqui Mining Complex and pursuing the potential near-term resumption of operations at the prior producing Punitaqui copper-gold mine.
  • BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp, Canada. It controls a robust portfolio of cobalt assets across the prolific Timmins & Sudbury and Rouyn & Val d'Or Quebec areas.
  • Its Canadian cobalt portfolio consists of McAra, Gowganda, Iron Mask, Island 27, Fabre in Quebec and several additional highly prospective projects in politically stable jurisdictions of Ontario.
  • Additional battery mineral exposure includes its strategically acquired graphite assets in South Korea and lithium properties in prolific mining districts like Nevada and California.
  • BMR's management team combines seasoned experts across related industries in finance, resource development and battery mineral exploration.

Click here to follow Battery Mineral Resources on LinkedIn

Battery Mineral Resources' Key Projects

Minera Altos de Punitaqui Copper Complex

battery mineral resources minera altos de punitaqui copper complex map

Minera Altos de Punitaqui (MAP) is an integrated copper and gold mining complex located in the region of Coquimbo, Chile approximately 50km south of the Andacollo copper mine owned by Teck Resources. The 8.095-hectare asset consists of a centralized process plant that is fed by four satellite copper deposits – San Andres, Cinabrio, Dalmacia and Los Mantos. The fully permitted operation also leverages excellent road access and widespread mineralization.

MAP boasts a past production history and near-term production potential. Cinabrio and San Andres mining zones leverage underground portal access and Mantos-type copper mineralization up to 30 meters thick. The Dalmacia drill target contains copper-silver-gold mineralization which is structurally controlled. All regional targets offer immediate exploration and district-scale potential to BMR.

After its acquisition in March 2021, BMR has been quick to begin development on the asset. The company plans to immediately commence restart activities at the site to resume mining and milling operations which will be carried out in conjunction with an aggressive regional exploration campaign to better define historical mineral resources and add new resources for mining in the future. Re-start is projected to begin within 12 months to a potential annual EBITDA of US$50 million per annum.

Canadian Cobalt Exploration Projects

battery mineral resources cobalt mining camp

BMR controls a large 1,100-kilometer squared land package in the Ontario Cobalt Belt, which hosts multiple high-grade and widespread mineralized targets. The company has conducted geotechnical assessments and assays on the property with samples from outcrop revealing target prospects that present up to-21 percent cobalt values.

The project portfolio consists of McAra, Gowganda, Iron Mask, Island 27, other additional Ontario properties and highly prospective cobalt assets in Quebec. The projects access well-serviced mining networks and infrastructure with excellent exploration, development and mining suppliers in the prolific Timmins & Sudbury and Rouyn & Val d'Or Quebec areas. BMR stands as the largest regional landholder with extensive claim packages in the Elk Lake and Gowganda mining camps.

Over 42,244 meters have been drilled on 20 cobalt-silver prospects across seven properties. McAra has a measured and indicated resource of approximately 1,124,000 pounds of cobalt and stands as the highest-grade cobalt dominant deposit worldwide in more than 50 years with grades upwards of 1.5 percent cobalt. Exciting next steps for the company's Ontario cobalt assets include a 9,000-meter drilling program and a projected centralized processing plant at Gowganda.

Idaho Cobalt Projects

battery mineral resources idaho cobalt belt projects

Battery Mineral Resources has 434 mineral claims in three 100 percent owned properties covering fourteen significant cobalt prospects within a three by six kilometer cobalt-copper mineralized zone. Its properties include Bonanza, Desert and East Fork assets located in the historic cobalt-copper Blackbird mining district approximately 30 kilometers west of Salmon, Idaho.

The largest Bonanza hosts multiple surface and subsurface shoots of copper-cobalt mineralization hosted along contact with gabbro sill. Historic drilling results demonstrated cobalt grades ranging 0.4 percent to 0.58 percent with anomalous gold from surface level to 100 meters deep. All projects host excellent high-grade copper-cobalt discovery potential.

Graphic Assets — Geumam and Taehwa, South Korea

battery mineral resources south korea projects

BMR has 100 percent ownership of Guemam and Taehwa graphite exploration projects containing high-purity flake graphite deposits. Both assets are past-producing mines with existing local infrastructure and near-term production potential. Advantageous positioning in South Korea puts BMR close to established and booming battery industries in Asia.

Guemam is located 20 kilometers from South Korea's second-largest lithium-ion battery factory and has a maiden NI 43-101 resource. Indicated mineral resources on the property stand at approximately 101-kilo tons containing 6.6 percent graphite grades. The Taehwa project also has excellent discovery potential with historical mineral resource estimates of 99,000 tons of graphite at 6.8 percent and additional inferred mineral resource of 70,000 at seven percent graphite grades.

Battery Mineral Resources' Management Team

Lazaros Nikeas — Executive Chairman

Lazaros Nikeas has over 15 years of strategy and capital markets advisory for resource, chemicals and industrial companies, with over US$25 billion of M&A transactions completed. He is currently a principal investment manager of Weston Energy LLC, a Yorktown Partners LLC portfolio company with investments in energy minerals assets. Nikeas was previously a partner of Traxys Capital Partners, a private equity firm backed by The Carlyle Group.

Martin Kostuik — CEO & Director

Martin Kostuik has over 28 years of diversified experience in the mining industry as a mining engineer and senior executive. He was the president and director for the last four years at Arizona Gold Corporation and before was CEO and director of Rupert Resources Limited.

Previously, Kostuik built a broad base of experience in operations, engineering, exploration and capital projects with various companies including Luna Gold (Equinox), Barrick Gold Corporation, Taseko Mines Limited and DMC Mining Services.

Jack R. Cartmel — CPA, CA, CFO

Jack R. Cartmel is a finance executive with over 15 years of experience in the mining industry with expertise in M&A, IPOs, taxation, public company accounting and disclosure and financial and risk management. Previously, he held a position with TSX-listed Monument Mining, a mid-size gold producer in Asia and White Tiger Gold, a mid-size gold producer.

Peter Doyle — VP of Exploration

Peter Doyle has over 40 years of experience in all aspects of mineral exploration from regional reconnaissance to project evaluation and development, in a variety of geological terrains throughout Canada, the U.S., South America and Australia. He was previously with PT Freeport Indonesia, Gold Fields and Troy Resources.

Jacob Willoughby — VP of Corporate Development & Strategy

Jacob Willoughby is a geologist and MBA graduate with nearly 17 years of diversified experience in mining capital markets. He has worked as a mining analyst for over eight years, covering exploration and development companies globally in both precious and base metals. Willoughby also worked as a capital markets consultant, an investor and as a director and senior executive.

Willoughby was most recently VP of Research and Analyst at Red Cloud Securities in Toronto. Prior, he was a partner and mining analyst at Beacon Securities. He began his career in mining equity research at Paradigm Capital, where he worked for five years. He also spent two years as President and Director of Aldridge Minerals, a Canadian public company with assets in Turkey and Papua New Guinea.

Click here to follow Battery Mineral Resources on LinkedIn

Keep reading... Show less

Q4 2021 Results Investor Call and Change of Address

(TheNewswire)

Jervois Global Limited

Australia TheNewswire - 19 January 2022 - Jervois Global Limited (" Jervois " or the " Company ") (ASX:JRV) (TSXV:JRV) (OTCQX:JRVMF) advises that its Q4 2021 Quarterly Results and Investor Call will be held on Monday, 31 January at 0900 Australian Eastern Daylight Standard Time (" AEDT ").

Keep reading... Show less
Gravity Pilot Plant Installed at Canada Silver Cobalt's Temiskaming Testing Labs for High-Grade Silver Tailings Testing

Gravity Pilot Plant Installed at Canada Silver Cobalt's Temiskaming Testing Labs for High-Grade Silver Tailings Testing

(TheNewswire)

Canada Silver Cobalt Works Inc.

The installation of the gravity pilot plant at Temiskaming Testing Labs will be commissioned to optimize plant performance. It is designed to process high-grade stamp mill tailings and waste rock into concentrate feed for the Re-2Ox process .

Keep reading... Show less

Sherritt Announces 2021 Production Results and Guidance for 2022

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation ("Sherritt") (TSX:S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, today announced production results for the fourth quarter and year ended December 31, 2021, and provided guidance for expected production, unit costs and spending on capital in 2022.

Keep reading... Show less
Battery Mineral Resources Announces Intention to Issue C$5 Million in Unsecured Convertible Debentures

Battery Mineral Resources Announces Intention to Issue C$5 Million in Unsecured Convertible Debentures

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of unsecured convertible debentures (the "Debentures") for total gross proceeds of up to C$5 million. The proceeds from the Debentures will be used to fund an extension of the successful 2021 exploration drilling program at the Company's recently acquired Punitaqui copper project in Chile and for general working capital purposes.

The Debentures will mature on the date (the "Maturity Date") that is three years from the date of issuance. The holder of any Debenture may, at its option, at any time from six months from the date of issuance, and prior to the close of business on the business day immediately preceding the Maturity Date, convert all, but not less than all, of the principal amount of such Debenture into common shares of the Company at the conversion price of C$0.65 per share.

Keep reading... Show less

OTC Markets Group Welcomes Jervois Global Limited to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced Jervois Global Limited (ASX: JRV; TSX-V: JRV; OTCQX: JRVMF), a leading cobalt minerals, metals and chemicals company, has qualified to trade on the OTCQX® Best Market. Jervois Global Limited upgraded to OTCQX from the Pink® market.

Jervois Global Limited begins trading today on OTCQX under the symbol "JRVMF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .

Keep reading... Show less
Re-20x Process Extracts 99 Percent of Rubidium from Granada Gold Mine's Battery Metals Zone

Re-20x Process Extracts 99 Percent of Rubidium from Granada Gold Mine's Battery Metals Zone

(TheNewswire)

Canada Silver Cobalt Works Inc.

Stage I bench-scale testing has been completed at SGS Lakefield using the Re-2Ox process for the recovery of performance-enhancing battery metal Rubidium from Granada Gold Mine's drill core. Test work was funded and supervised by Canada Silver Cobalt Works.

Keep reading... Show less

Latest Press Releases

Related News

×