TSXV:GEM

Green Battery Recieves Berkwood Graphite Drill Permits

(TheNewswire)

Green Battery Minerals Inc.

Green Battery Minerals Inc. (" Green" or the "Company") (TSXV:GEM ) ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) is pleased to announce that it has received all permits for its upcoming drill program scheduled to commence at the end of October 2021.  Drilling contractors have confirmed availability and are preparing to mobilize.  The drill program is designed to complete up to 5,000 metres at Green's road-accessible Berkwood Graphite Project located in Northern Quebec, Canada.  Flagging, line cutting, and road-building will commence forthwith.  Drilling will focus on the Zone 6 Prospect, and furtherance of the Zone 1 resource (refer NR of August 19. 2019). The program has been designed by the Company's Board of Directors and technical advisors. Longford Exploration coordinates the fieldwork and synchronizes the program, as they have successfully done in all our previous drill programs.  In the summer of 2019 (pre-COVID), Green Battery's technical team visited the Berkwood property and conducted a detailed survey of the selected drill locations to determine the best roads and trails to be used or opened and to locate appropriate sources for water for the drill program. The team also channel sampled new undrilled graphite outcrops that were completely exposed at the surface, and test results proved numerous areas with high-grade graphite with excellent metallurgy. (NR Oct 1st, 2019

CEO Tom Yingling states: " I am very pleased to have the drill permitting process completed.  We have a very exciting drill program designed.  Drilling Zone 1 for the fifth time could add significantly to the Company's resource size. All of the drillings are low-risk step out and infill drilling from previous successful drill holes designed to add to the Company's already established resource. All of the previous drill programs and the upcoming one are supported by a very distinct geophysical anomaly that has proven successful in drilling into graphite with every hole. I am pleased to finally drill Zone 6 as it has returned good graphite from its outcrops and channel samples; we need to drill to determine the shallow sub-surface potential.  The geophysical anomaly used to initially target, discover and sample it indicates it has the potential to comprise a large, shallow graphite occurrence."

The drill program this winter aims to accomplish three goals.

1. The first objective is to conduct step out and infill drilling designed to potentially increase the already established resource on Zone 1 (see news release dated Aug 19, 2019).   Having hit graphite in every hole drilled to date on Zone;1 this is not an exploratory program but rather completely designed with the intent of increasing the companies resource size.

2. The second objective is to drill Zone 6.  The Company is fortunate that the graphite structure on our property bends and folds and causes numerous outcrops. On Zone 6 there are many large outcrops that have never been drilled before.   Geophysics indicates that Zone 6 is a large body and channel samples from 7 outcrops from the zone have already proven that this body is not only graphitic, but that it contains extremely high-grade graphite with excellent metallurgy.  Having surface sampled the zone 6 drill locations, and proven there is graphite there already, mitigates much of the risk going into this drill program.

3. The third objective is to use these drill results to further our Preliminary Economic Assessment ( PEA). PEAs include information on mineral project economics at various metal/mineral prices.  This PEA will include an estimated NPV (Net Present Value) of the resource and an estimated IRR (Internal Rate of Return). (NR May 20 th , 2021)

Green Battery Minerals Inc. controls a road-accessible graphite resource located in Northern Quebec. The uniqueness of our graphite is what makes us different from many other of the world's graphite deposits. Over the past five years, the Company has discovered and developed its Berkwood Graphite Project which has extremely high grades and extremely large flake sizes compared to other world graphite sources. These characteristics allow us to use a cleaner and greener purification process that reduces the use of hazardous materials. (NR Feb 7th, 2019 and Aug 27th, 2019).



Click Image To View Full Size

Zone 6, the red triangles are known outcrops that have been channel sampled and

have grades up to 40+% graphite.




Click Image To View Full Size

ZONE 6 Geophysical Anomalies represent a large outcropping graphitic body that has returned excellent high-grade graphite with excellent metallurgy.

The Company's graphite is outcropping on the surface, which means there would be less waste rock removal and less disruption of the earth, as well as ready reclamation back to its natural state.  These qualities increase the economics of the project significantly and allow us to maintain our environmentally friendly business model.   Green Battery is also pleased to state that the Company will benefit from existing extensive infrastructure, including hydroelectric power, year-round maintained highways and a local skilled workforce.  All of our properties are road accessible to drive to, and there is accommodation in proximity. All these factors help make our program greener, cleaner and maintains the Companies strong ESG mandate.


Click Image To View Full Size

Zone 6 outcrops and channel sampling


Click Image To View Full Size

Zone 6 with logging road access.

Qualified Person: Mr. Dave Kelsch, 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 collectively with a proven track record of not just finding numerous mines but building and operating them too. The Green Battery Mineral management team's most recent success is discovering the Berkwood graphite resource in Northern Quebec. Green Battery Mineral owns this asset 100 percent, 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 release are forward-looking statements, which reflect the expectations of management.  Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.  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.

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 .

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Green Battery Minerals

Green Battery Minerals

Exploring Highly Prospective Graphite and Gold Assets in North America

Exploring Highly Prospective Graphite and Gold Assets in North America Keep Reading...
Gold nuggets spilling from a container onto a wooden surface.

Traceable Gold Production Linked to Regeneration Efforts in Abandoned Mines

Regeneration, a Washington-based public benefit company, is turning abandoned mine waste in the river valleys of Yukon and British Columbia into responsibly sourced gold. Founded out of the nonprofit Resolve, Regeneration uses advanced re-mining technology to extract remaining metals from... Keep Reading...
Chris Vermeulen, gold bars.

Chris Vermeulen: Gold Signaling "Massive" Equities Correction, My Strategy Now

Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, weighs in on gold's record-setting price run and what could be next for the metal. Vermeulen also discusses the outlook for silver, platinum and palladium.Don’t forget to follow us @INN_Resource for real-time updates!Securities... Keep Reading...
Chess pawns casting a shadow resembling chess kings on a textured surface.

IAMGOLD Expands Québec Footprint via Acquisition of Northern Superior, Orbec

IAMGOLD (TSX:IMG,NYSE:IAG) is tightening its grip on one of Québec’s most promising gold districts with back-to-back acquisitions aimed at consolidating control over a vast stretch of the Chibougamau region. In the span of two days, the mid-tier gold producer announced definitive agreements to... Keep Reading...
Rich Checkan, gold bars.

Rich Checkan: Gold Nowhere Near Top, Use Price Dips to Buy

Morgan Stanley (NYSE:MS) recently recommended that investors consider a 60-20-20 portfolio where 20 percent is allocated to gold. Rich Checkan, president and COO of Asset Strategies International, crunches the numbers, explaining what that type of shift could mean for the yellow metal. He also... Keep Reading...
Graphic reading "Top 5 Canadian mining stocks this week" in front of stock market graph in background.

Top 5 Canadian Mining Stocks This Week: JZR Gold Jumps 113 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.The Government of Ontario started taking applications for resource development projects under... Keep Reading...

Latest Press Releases

Related News