(TheNewswire)
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).
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Zone 6, the red triangles are known outcrops that have been channel sampled and
have grades up to 40+% graphite.
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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.
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Zone 6 outcrops and channel sampling
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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
‘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 .
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