GREEN BATTERY MINERALS RECEIVES
ASSAYS FROM DRILLING INTO GRAPHITE OUTCROP ON ZONE
6.
INTERSECTING 28.48 METERS OF
28.37% GRADE GRAPHITE. PROVING OUR CONCEPT THAT OUR GRAPHITE IS OPEN TO
DEPTH.
Video Link:
https://www.youtube.com/watch?v=zkJjAix3P7U
VANCOUVER, BRITISH COLUMBIA
- Vancouver, British Columbia, May 6th. 2022
Green Battery
Minerals Inc. ("Green Battery" or the "Company") (TSX-V: GEM, FSE:
BK2P, WKN: A2QENP OTC: GBMIF) - is pleased to provide initial
assay results from twelve diamond drill holes that were completed
as part of the Company's successful first phase of drilling on the
newly discovered Zone 6 area at the Berkwood Graphite Project,
situated 280 km north of Baie-Comeau, Quebec. The program drilled into the outcrops
and proved up our concept that our graphite is open to
depth.
A total of 12 exploratory drill holes were completed for a
total of 970 metres. Six of the
twelve drill locations were drilled into outcrops and intersected
significant graphite enrichment.
The other 6 holes where exploratory holes meant to explore
various areas on our airborne geophysical
anomaly.
Tom Yingling, President and CEO states, "We are very pleased to announce that our maiden
drill program on Zone 6 has not only confirmed the presence of
Graphite in numerous holes but that we have some significant
intersects of graphite testing as high as 28
percent.
Maiden drill programs on a new
geophysical target are always risky so having such great results
right out of the gate is very encouraging. Zone 6 is a whole new graphitic body located
only a short distance away from our existing resource located at
Zone 1. Now that we have compiled the data from the 12
holes drilled on Zone 6, we can pinpoint future drill locations
planned for the Summer drill program."
Highlights
intersections from initial Zone 6 assay results:
BK6-21-01
intersected 39.3 m of graphite enrichment from 28.0 m to 67.3
m and 8 m of graphite enrichment
from 15.0 m to 23.0 m, for a total of 46 samples
submitted.
BK6-21-04
intersected 13.2m graphite enrichment from 26.0 m to 40.0 m for a
total of 11 samples submitted.
BK6-21-07 with
9.3m graphite enrichment from 32.0 m to 41.3 m for a total of 12
samples submitted.
Table 1: Summary of
Zone 6 graphite mineralisation intercepts.
We were only able to drill into
outcrops 1 and 2 as the terrain was too steep to get the drill into
position on the other outcrops. Summer drilling will be much better to set the
drill up on these other outcrops. The
Company is excited to drill into these remaining outcrops as all of
them have been tested and assays have shown that they contain
graphite as high as 40 percent.
Below are pictures of the graphite outcrop on the side of the
hill.
Table 2: Summary of
Zone 6 graphite mineralisation intercepts.
HOLE-ID
|
FROM
(m)
|
TO (m)
|
LENGTH
|
LITHOLOGY
|
(m)
|
BK6-21-01
|
15.0
|
23.0
|
8.0
|
Graphite Zone
|
BK6-21-01
|
28.0
|
67.3
|
39.3
|
Graphite Zone
|
BK6-21-04
|
26.0
|
40.0
|
14.0
|
Graphite Zone
|
BK6-21-07
|
32.0
|
41.3
|
9.3
|
Graphite Zone
|
BK6-21-08
|
41.5
|
49.9
|
8.2
|
Graphite Zone
|
BK6-21-10
|
16.5
|
19.0
|
2.5
|
Graphite Zone
|
BK6-21-11
|
44.6
|
47.0
|
2.4
|
Graphite Zone
|
The above intervals are drilling lengths, not true
widths, because the true orientation of the enrichment horizons has
not yet been established.
Figure 1: Zone 6
Drill hole locations and down-hole traces.
The programs first drill hole (BK6-21-01) encountered a
cumulative total of 43.3 m of graphite enrichment contained within
two distinct enriched horizons, the drilling intersected the
enriched horizons at an oblique angle thus true thicknesses are not
known. While the fourth drillhole (BK6-21-04), located to scissor
the successful intersection from the first hole to confirm grade
thickness of the graphite enrichment, the precise orientation of
the intersected enriched horizons is not known therefore true
thicknesses cannot be inferred.
Drillhole BK6-21-07 and BK6-21-08 targeted enriched horizons
between BK6-21-04 and BK6-21-05 to further confirm further
continuation of the graphite horizon along strike. These two
drillholes were successful and intersected enrichment from 32.0 m
to 41.3 m (9.3 m graphite enrichment) and 41.7 m to 49.9 m (8.2 m
graphite enrichment) respectively.
BK6-21-10, and BK6-21-11 similarly targeted along strike
extensions from BK6-21-01 toward the west and intersected 2.5 m of
graphite enrichment from 16.5 m to 19.0 m , and 2.4 m of graphite
enrichment, from 44.6 m to 47.0 m in BK6-21-11
The 2021 drilling focused on the southern limb of the
interpreted fold structure, the successful intersections suggest a
structurally controlled antiform hosts the graphite enriched
horizons, and distribution is broadly coincident with the magnetic
anomaly, the company intends to complete additional structural
mapping followed by further confirmation drilling in Q2/Q3 of
2022.
Table 3: Summary of
Phase 1 drill hole locations and down hole
specifications.
HOLE-ID
|
EASTING
|
NORTHING
|
ELEVATION
|
LENGTH
|
AZIMUTH
|
DIP
|
|
(UTM NAD
83)
|
(UTM NAD
83)
|
(m
AMSL)
|
(m)
|
(degree)
|
(degree)
|
BK6-21-01
|
487536
|
5651586
|
471
|
102
|
190
|
-50
|
BK6-21-02
|
487200.7
|
5651750.6
|
433
|
33
|
225
|
-50
|
BK6-21-03
|
487202
|
5651760
|
435
|
102
|
45
|
-50
|
BK6-21-04
|
493085
|
5655730
|
455
|
79
|
77
|
-50
|
BK6-21-05
|
487553
|
5651475
|
491
|
87
|
45
|
-50
|
BK6-21-06
|
487553
|
5651475
|
491
|
24
|
45
|
-88
|
BK6-21-07
|
487537
|
5651536
|
495
|
102
|
51
|
-50
|
BK6-21-08
|
487537
|
5651536
|
495
|
102
|
0
|
-50
|
BK6-21-09
|
487455
|
5651601.2
|
452
|
102
|
10
|
-50
|
BK6-21-10
|
487368
|
5651714.6
|
452
|
102
|
20
|
-50
|
BK6-21-11
|
487280
|
5651930
|
441
|
102
|
320
|
-50
|
BK6-21-12
|
487420
|
5652102
|
429
|
33
|
210
|
-50
|
QA / QC Comments
Eighty-six diamond drill core samples of sawn core have been
collected from core lengths usually varying from 0.3 to 1.50 m
depending upon geological and mineralogical
constraints. Every tenth sample, a
QAQC measure was entered in the sample submission in the order of
standard-blank-standard-duplicate. The standard selected is OREAS
723; a certified reference material containing 5.87% TGC (Total
Graphitic Carbon). For the eighty-six core samples submitted, there
were ten QAQC samples - 11.5%.
Samples were delivered to MSALABS in Langley, British
Columbia, an ISO accredited laboratory.
There they were crushed to a nominal minus 2 mm, split into
representative sub-samples and then pulverized to at least 85%
minus 75 microns before collecting sub-sample pulps for each of the
core samples.
All sub-sample pulps were analysed for both Total Carbon +
Total Sulphur (SPM-512) and Graphite Carbon (SPM-140). The Graphite
Carbon analysis process involves the sample to be washed, leached,
and the residue measured by induction. The detection range for this
analysis is between 0.02-50%, while the SPM-512 detection limit for
both Carbon and Sulphur is 0.01-50%.
Qualified Person:
Alexander Beloborodov (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.