Coniagas Exploration Plan: Defining New Drill Targets and Optimizing Infill Holes
Coniagas Exploration Plan: Defining New Drill Targets and Optimizing Infill
Holes
Vancouver, BC – March 11, 2025 – Coniagas Battery Metals Inc. (TSXV: COS) (“Coniagas” or
the “Company”), is working with Laurentia Exploration to fine tune the next drill program with
both infill drilling and step-out holes on the Graal property, the Company’s strategically located
asset near Saguenay-Lac St. Jean, Quebec.
Prior to drilling, the Company proposes to complete a property-wide airborne mag-EM survey
with particular design consideration given to the superconductive nature of the Graal base metal
mineralization and with a tighter line spacing over the highly prospective area between the
Discovery Zone and the MHY Zone. The data from this survey will provide critical information
to guide this and future exploration programs.
Frank Basa, P .Eng. Ontario, President and CEO of Coniagas, stated, "The Graal Property has
already delivered exceptional near-surface Copper and Nickel values. With this next phase of
drilling, we are confident that additional holes will add lateral and vertical extent enabling known
zones to be connected, all while building upon the results within known mineralized zones.”
The initial drill plan, a total of 9,500m in 58 holes, is laid out to focus primarily on near-surface
mineralization and to extend the best intercepts in the Discovery, MHY and Gravi Zones. Some
holes will target untested surface EM anomalies from surveys conducted in the previous
program. A total of 1,775 m has been allocated to a more regional approach to confirm historic
intercepts peripheral to the main Zones.
Given that the known mineralization is near surface, a program of prospecting with a beep mat
has been proposed to test regional extent of mineralization using known Max/Min EM anomaly
trends and the airborne geophysics data received to gain a better understanding of the local
geology prior to drilling program in those areas.
For Historical and recent exploration results, please see previous news release or the project
section on the company website.
Coniagas Battery Metals Inc.
550 Burrard St. Suite 2900
Vancouver, B.C. V6C 0A3
Coniagas.com
Strategic Location:
The Graal property boasts an excellent location north of Saguenay-Lac St. Jean, offering several
logistical advantages:
• Year-Round Accessibility: The site is road-accessible and drill-ready throughout the year.
• Proximity to Infrastructure: The nearby Chute-de-Passe power station provides reliable
and cost-effective energy.
• Local Industrial Hub: The town of Lac -St. Jean, an industrial hub, offers a skilled
workforce and port access to the St. Lawrence River.
Frank Basa, P .Eng. Ontario, President and CEO of Coniagas, stated, " Graal's near-surface
mineralization delivers clear economic advantages. Our drill program targets zone expansion
while connecting discrete bodies into one unified resource, and the shallow -depth deposit
compresses development timelines by years. This benef it is amplified by our existing
infrastructure and local skilled workforce."
Qualified Person
The technical information reported in this news release was reviewed and approved by Maxime
Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian
NI 43-101 standards. The Qualified Person has not completed sufficient work to verify the
historical information on the Property, particularly regarding historical drill results. However, the
Qualified Person believes that drilling and analytical results were completed to industry standard
practices. The information provides an indication of the exploration potential of the Property but
may not be representative of expected results.
About Coniagas Battery Metals Inc.
Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper
and cobalt and platinum group metals in Québec. Coniagas’ strategy is to create value for
shareholders through the development of its mineral properties, with the intention to develop
Coniagas into a critical metals supplier to the electric vehicle (EV) market.
At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted successful
exploration involving geophysics as well as shallow drilling that hit mineralization in almost every
hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high -
grade nickel and copper with cobalt, platinum and palladium byproducts. The Company plans
in the near-term to conduct additional drilling leading to the production of a Ni 43-101 resource
report, metallurgical testing and consul tations with First Nations. The Graal project and
immediate work plan are outlined in detail in the “NI 43-101 Technical Report Graal Nickel &
Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada” dated January 17, 2024. The report
is available along with other information at the Company’s website https://coniagas.com/
“Frank J. Basa”
Frank J. Basa, P . Eng. Member of Professional Engineers Ontario
Chief Executive Officer
For further information, contact:
Frank J. Basa, P . Eng. Ontario
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff, Corporate Communications
P: 416-710-2410 E: [email protected]
You can follow Coniagas on Social Media:
LinkedIn: https://www.linkedin.com/company/coniagas-battery-metals/
X (Twitter): https://twitter.com/coniagasmetals
Facebook: https://www.facebook.com/coniagas/
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements regarding Coniagas Battery Metals
Inc. (“Coniagas” or the “Company”) which include, but are not limited to, comments that involve
future events and conditions, which are subject to various risks and uncertainties. Except for
statements of historical facts, comments that address the Coniagas trading on the TSX Venture
Exchange, resource potential, upcoming work programs, geological interpretations, receipt and
security of mineral property titles, avail ability of funds, and others are forward -looking. No
assurance can be given that any of the foregoing will be achieved. Forward-looking statements
are not guarantees of future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary
materially from forward-looking statements. The Company does not undertake to update any
forward-looking information in this news release or other communications unless required by
law.