VANCOUVER, BRITISH COLUMBIA – Vancouver, British Columbia, | June 30th, 2022 – Green Battery Minerals inc. (the “Company”) (TSXV: GEM) (OTC: CZSVF) announces it has mobilized a field crew to the Berkwood Graphite Project, situated 280 km north of Baie-Comeau, Quebec.
The exploration campaign will further map out the geology and extent of graphite on surface over priority targets with a focus on Zone 6. A beep mat will be used to identify graphite outcrop under cover of thin vegetation much like previous programs (see October 1, 2019 news release). Structural mapping surrounding these anomalous zones will also take place in order to guide drill hole targeting.
Additionally, an excavator will be on site to construct drill trails to the top of the mountain at Zone 6 where all indications suggest the presence of a fold nose much like the deposit of high-grade graphite enrichment at Zone 1. In the event that graphite is exposed in outcrop by this work, opportunistic channel sampling will take place in the core of the fold nose on Zone 6 which will tie potential future drill intercepts to surface for the resource model.
Tom Yingling, President and CEO of Green Battery states “Should be good! After proving the presence of high-grade graphite in drill holes along the southern limb at Zone 6 and confirming our exploration techniques, we are looking forward to preparing the site for a future drill program into the guts of this anomaly while deepening our understanding of the geological context.”
About the Berkwood Graphite Project
The Berkwood Graphite Project is located within the jurisdiction of Quebec, in the Manicouagan Regional County Municipality, three hours driving time from the city of Baie-Comeau. Easy access is provided via a major secondary road and numerous tertiary and forest roads that traverse the property.
The current mineral resource at the Berkwood Graphite Project includes in-pit constrained resource totalling 1,755,300 tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes in inferred resources at 16.39 % Cgr.
In-pit Resource at Lac Gueret South Project (rounded numbers)
The mineral resource estimates above are described in the technical report entitled, NI 43-101 Technical Report Mineral Resource Estimate on the Lac Gueret South Graphite Property, Quebec, Canada. With an Effective date of June 19th, 2019, dated June 30th, 2019, by Edward Lyons, PGeo., Florent Baril, ing., and Claude Duplessis, ing. Link to Report:
Qualified Person: Luke van der Meer (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.
Green Battery Minerals lnc.
President, CEO & Director
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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.
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