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)
Gold bars with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

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.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

Keep reading...Show less
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×