VANCOUVER, BC , Sept. 13,
2022 /CNW/ - South Star Battery Metals Corp. ("South
Star" or the "Company") (TSXV: STS) (OTCQB: STSBD), is pleased to
announce that it has contracted a drilling company for the maiden
diamond ("DDH") drilling campaign to begin in September 2022. The Alabama exploration program includes:
- Drilling 10-15 holes (HQ);
- Logging & Assays;
- QA/QC Program with Blanks, Duplicates and Standards;
- Background Water Quality Testing;
- Geotechnical Drilling / Installation of a Piezometer to Monitor
Groundwater Levels; &
- Drill Pad Construction and Reclamation.
In addition, the Company is preparing to mobilize a geophysics
contractor to perform approximately 4-5 linear kilometers of
geophysics to test the limits of the priority drilling targets at
the Santa Cruz Mine in Bahia, Brazil prior to beginning the 2023 drilling
program. The proposed deliverables and schedule of the 2022/2023
exploration programs follow:
- Alabama Graphite Project Exploration Program Update
- Maiden DDH Drilling Campaign (Sept-Oct
2022)
- Maiden 43-101 Technical Report & Maiden Resource Estimate
(Q1 2023)
- 2000m Drilling Campaign (Q2/Q3
2023)
- Santa Cruz Mine Exploration Program Update
- Geophysics Campaign (Q3/Q4 2022)
- 4000 – 5000m Drilling Campaign
(Q2/Q3 2023)
Richard Pearce, CEO of South
Star, said, "We are excited to get the maiden drilling campaign
started in Alabama and test the
extents of the mineralization. This initial drilling campaign will
be focused on testing limits and generating significant targets for
the 2023 drilling campaign, which will ultimately result in a
Preliminary Economic Assessment ("PEA"). The Company anticipates
the PEA will be completed by Q4 2023. At Santa Cruz, the geophysics program should help
us improve our drilling hit rate and test limits of the 10-15
near-term targets we have previously identified in preparation for
the 2023 drilling campaign, which is scheduled to begin after the
rainy season in 2023. The Santa
Cruz 2023 campaign will be a mix of diamond and RC drilling,
and the proposed meters would significantly increase the total
meters into the Project. Our goals are to generate a significantly
larger resource and reserve estimate to support our future Phase
2/3 expansion plans. We are eager to get the drills turning as we
scale our upcoming production."
About South Star Battery Metals
Corp
South Star Battery Metals Corp. is a Canadian battery metals
project developer focused on the selective acquisition and
development of near-term production projects in the Americas. South
Star's Santa Cruz Graphite Project, located in Southern Bahia,
Brazil is the first of a series of
industrial and battery metals projects that will be put into
production. Brazil is the
second-largest graphite-producing region in the world with more
than 80 years of continuous mining. Santa
Cruz has at-surface mineralization in friable materials, and
successful large-scale pilot-plant testing (>30t) has been
completed. The results of the testing show that approximately 65%
of Cg concentrate is +80 mesh with good recoveries and 95%-99% Cg.
With excellent infrastructure and logistics, South Star is carrying
its development plan towards Phase 1 production projected in Q3
2023.
South Star's next project in the development pipeline is a
project in Alabama located in the
middle of a developing electric vehicle, aerospace and defence hub
in the southeastern United States. The Project is a historic
mine active during World Wars I & II. Trenching,
sampling, analysis and preliminary metallurgic testing has been
completed. The testing indicated a traditional
crush/grind/flotation concentration circuit achieved grades of
approximately 96-97% with approximately 86% recoveries. South Star
is executing on its plan to create a multi-asset, diversified
battery metals company with near-term operations in strategic
jurisdictions. South Star trades on the TSX Venture Exchange
under the symbol STS, and on the OTCQB under the symbol STSBF.
South Star is committed to a corporate culture, project
execution plan and safe operations that embrace the highest
standards of ESG principles based on transparency, stakeholder
engagement, ongoing education and stewardship. To learn more,
please visit the Company website at
http://www.southstarbatterymetals.com.
This news release has been reviewed and approved by Richard
Pearce, P.E., a "Qualified Person" under National Instrument 43-101
and President and CEO of South Star Battery Metals Corp.
On behalf of the Board,
Mr. Richard Pearce
Chief Executive Officer
Twitter: https://twitter.com/southstarbm
Facebook:
https://www.facebook.com/southstarbatterymetals
LinkedIn:
https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals - YouTube
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this press release.
Forward-Looking
Information
This press release contains "forward-looking statements"
within the meaning of applicable securities legislation.
Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and
estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not
statements of historical fact and may be "forward-looking
statements". Forward-looking statements in this press release
include, but are not limited to, statements regarding: moving
Santa Cruz into production and
scaling operations as well as advancing the Alabama project; and the
Company's plans and expectations.
Forward-looking statements are subject to a variety of risks
and uncertainties which could cause actual events or results to
differ from those reflected in the forward-looking statements,
including, without limitation: risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms; risks
related to the outcome of legal proceedings; political and
regulatory risks associated with mining and exploration; risks
related to the maintenance of stock exchange listings; risks
related to environmental regulation and liability; the potential
for delays in exploration or development activities or the
completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the
interpretation of drill results, the geology, grade and continuity
of mineral deposits; risks related to the inherent uncertainty of
production and cost estimates and the potential for unexpected
costs and expenses; results of prefeasibility and feasibility
studies, and the possibility that future exploration, development
or mining results will not be consistent with the Company's
expectations; risks related to commodity price fluctuations; and
other risks and uncertainties related to the Company's prospects,
properties and business detailed elsewhere in the Company's
disclosure record. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
in forward-looking statements. Investors are cautioned against
attributing undue certainty to forward-looking statements. These
forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances. Actual events or results could
differ materially from the Company's expectations or
projections.
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SOURCE South Star Battery Metals Corp.