Battery Mineral Resources Plans Diamond Drilling ON the Bald ROCK Cobalt-Silver Target IN the Gowganda Area
BATTERY MINERAL RESOURCES PLANS DIAMOND DRILLING ON THE
BALD ROCK COBALT-SILVER TARGET IN THE GOWGANDA AREA
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Vancouver, British Columbia – (Jul 12th, 2021) – Battery Mineral Resources Corp.
(TSXV: BMR) ("Battery" or “BMR” or the "Company") announces that it has
completed a seven hole – 682.00 metre diamond drill program on its 100% owned
Bald Rock prospect in the Gowganda Project area (Figure 1).
Highlights
• The Bald Rock target comprises an area of extensive historic stripping and
channel sampling that yielded intervals grading 51.60 grams per tonne silver
(“g/t Ag”), >1.00 percent cobalt (“% Co”) and 1.37 percent copper (“% Cu”)
over 0.58 metres (“m”), and 4.19g/t Ag, >0.30% Co, and 1.13% Cu over
2.05m;
• Rock sampling by BMR field crews of the stripped outcrop that was channel
sampled in 2011 returned assays of 41.30g/t Ag, 1.53% Co and 7.65% Cu;
• No record or field evidence of any historic diamond drilling;
• Five holes are designed to test the strike and depth extent of the known 10m
wide zone of altered and mineralized zone exposed in the stripped outcrop
area, and one hole will target the projected intersection of the Bald Rock vein
corridor, the vein system hosting the 3,317ounce per ton (“oz/t”) silver rock
grab sample result as well as the shaft vein system;
• One hole tested the vein mineralisation exposed at the prospect shaft/pit to
the northwest of the stripped outcrop area.
• The final hole was drilled to test the vertical continuity of high-grade silver
vein mineralisation identified in historic rock grab sampling (3,317oz/t silver
assay) northwest of the stripped outcrop.
• Drilling results and assays are expected by end of July,2021.
About the Bald Rock program
The Bald Rock prospect is situated in Lawson Township and is also referred to as the
LaCarte or Silver Leaf showing. It consists of a shaft that was sunk in the 1930s and
numerous pits and mechanically stripped outcrops which have been periodically
examined over the years.
In 2010, a stripped outcrop 25 0m south of the shaft was rock grab sampled and
yielded an assay of 3,317oz/t silver (113,725g/t Ag). In 2011 follow-up exploration
consisted of a channel sampling program on the Bald Rock showing located
approximately 500 m south of the shaft. The channel sampling returned several
anomalous mineralized zones including;
• 51.60g/t Ag, >1.00% Co and 1.37% Cu over 0.58m,
• 4.19g/t Ag, >0.30% Co, and 1.13% Cu over 2.05m.
Reconnaissance rock grab samples collected by BMR from a prospect pit adjacent to
the 2011 channel samples yielded assays of 41.30g/t Ag, 1.53% Co and 7.65% Cu
(Photo 1). Stripping and detailed mapping of the outcrop revealed that the altered
and mineralized corridor is at least 10m wide, extends over a strike length of 40m
and is open along strike in both directions.
The vein at the shaft, which was exposed by a pit and stripping strikes N330oE and
yielded an assay of 0.93% cobalt and 5.68g/t silver from a BMR rock grab sample of
the vein. The orientation of the vein exposed by the stripping and produced the
3,317oz/t silver assay is located 250m south of the shaft and strikes N350oE while
the main Bald Rock vein system located further south strikes N050oE.
A seven-hole, 682.00m diamond drill program was completed in late June 2021. Five
holes tested the depth and strike extent of the Bald Rock vein exposed in the stripped
outcrop. The sixth hole target the intersection of three mineralised vein sets and a
seventh hole targeted a historic high -grade silver grade silver rock sample result
(Figure 2). A total of 189 drillcore samples were submitted for assay.
Battery CEO Martin Kostuik states;” The detailed mapping and sampling at Bald
Rock prospect have identified a previously undrilled, 10-metre wide altered and
mineralized zone that is open along strike and at depth. We are looking forward to
the assay results from the drill testing of this target located southeast of the former
producing Gowganda mining camp.”
Background
The Gowganda mining camp was one of three historic silver-cobalt districts in
Canada’s Cobalt Embayment situated in northeastern Ontario about 6 hours drive
north of Toronto. Estimated historic production from the Gowganda camp (1910-
1969) was 60 million ounces of silver and 1.3 million pounds of bi-product cobalt.
This production was sourced from high-grade silver-cobalt veins hosted in
Proterozoic Nipissing diabase sill-like intrusions. Thirty-seven mineral occurrences
are present on the BMR’s Gowganda block which have an extensive exploration &
mining history dating back to 1908 when silver was first discovered at Miller Lake.
The Gowganda Project totals 1,138 mining claims and 4 mining leases covering
22,693 hectares (226 square kilometres) in two main blocks. BMR’s holdings
include 4 of the 5 past producers in the Gowganda Camp including the Capitol,
Bonsall, Millerett and Miller Lake-O’Brien mines.
The Gowganda block bedrock geology consists of that intrude Proterozoic Huronian
Cobalt Group sedimen ts intruded by Nipissing diabase sills and dykes. The oldest
rocks at Gowganda are A rchean greenstone metavolcanics - metasediments and/or
granitic basement. Late diabase dykes cut all Archean and Proterozoic lithologies.
Most of the polymetallic silver -cobalt-nickel vein occurrences are hosted in the
Nipissing diabase although both Archean metavolcanic and Cobalt Group sedimentary
rocks have also been recorded to host veins. Most of the productive veins were hosted
in the upper half, or hanging wall, of the Nipissing diabase sills. Mineralized quartz-
calcite veins are typically vertical to steeply dipping. Vein widths range from mm -
scale to 1 metre in width. The highest -grade ores were commonly mined at
structural/vein intersections.
Mineralized zones occur as sheets of native silver and finer-grained iron-cobalt-nickel
arsenide minerals in calcite gangue, often with minor comb-textured quartz along the
vein margins.
Figure 1: Gowganda Project – Bald Rock Location Map
Figure 2: LiDAR image showing Bald Rock stripped area with the proposed diamond drillhole
locations. Vein zones (red dashed lines) are projected from measured orientations on
stripped outcrop areas
Figure 2: LiDAR image showing Bald Rock stripped area with the diamond drillhole locations.
Vein zones (red dashed lines) are projected from measured orientations on stripped outcrop areas
Photo 1: Left-typical Calcite (+/-quartz) vein with Cobalt bloom; Right- typical
specular hematite vein; both types are found on the Bald Rock outcrop and in the historic
prospect cut/pit.
Quality Control
Sample preparation, analysis and security procedures applied on the BMR exploration
projects is aligned with industry best practice. BMR has implemented protocols and
procedures to insure high quality collection and management of samples resulting in
reliable exploration assay data. BMR has implemented formal analytical quality
control monitoring for all of its field sampling and drilling programs by inserting
blanks and certified reference materials into every sample sequence dispatched.
Sample preparation is performed by ALS Minerals Laboratories ( “ALS”) in Sudbury,
Ontario and sample analyses by ALS in North Vancouver, British Columbia. ALS
analytical facilities are commercial laboratories and are independent from BMR. All
BMR samples are collected and packaged by BMR staff and delivered upon receipt at
the ALS Laboratory in Sudbury . Samples are logged in a sophisticated laboratory
information management system (LIMS) for sample tracking, scheduling, quality
control, and electronic reporting. Sam ples are dried prior to crushing. The samples
are crushed to 70% < -2 millimeters and a riffle split of 250 grams is then pulverized
to 85% of the material achieving a size of <75 microns. These prepared samples are
then shipped to the ALS Laboratory in North Vancouver for analyses by the following
methods:
• ME-MS61: A high precision, multi -acid digest including Hydrofluoric, Nitric,
Perchloric and Hydrochloric acids. Analysed by inductively coupled plasma
mass spectrometry (“ICP”) that produces results for 48 elements.
• ME-OG62: Aqua -Regia digest: Analysed by ICP -AES (Atomic Emission
Spectrometry) or sometimes called optical emission spectrometry (ICP -OES)
for high levels of Co, Cu, Ni and Ag.
• Ag-GRA21: Silver by fire assay and gravimetric finish; 30 -gram charge.
Weight. Used when samples contain > 1500 g/t silver.
• Au-AA25: Gold was analysed by a 30-gram fire assay method, followed by AAS
(atomic absorption spectroscopy).
Certified international standards are inserted into sample batches by ALS. Blanks and
duplicates are inserted within each analytical run. The blank is inserted at the
beginning, internationally certified standards are inserted at random intervals, and
duplicates are analysed at the end of the batch.
Additional Information
P. J. Doyle, FAusIMM (#208850), Battery Mineral Resources Corp. - Vice President
Exploration - Canada, supervised the preparation of and approved the scientific and
technical information in this press release pertaining to the Canada Exploration
Program. Scientific and technical information pertaining to the cobalt resource at
McAra was extracted from the Company’s NI 43 -101 “Technical report on Cobalt
Exploration Assets in Canada” dated as of May 26, 2020 with an effective date of
March 31, 2020, prepared by Glen Cole (P. Geo) of SRK Consulting (Canada) Inc.
About Battery Mineral Resources Corp.
Battery is a multi-commodity resource company which provides investors with
exposure to the world -wide trend towards electrification . Battery is engaged in the
discovery, acquisition, and development of battery metals (cobalt, lithium, graphite,
nickel & copper), in North and South America and South Korea with the intention of
becoming a premier and sustainable supplier of battery minerals to the electrification
marketplace. Battery is the largest mineral claim holder in the historic Gowganda
Cobalt-Silver Camp, Canada and continues to pursue a focused program to build on
the recently announced, +1 million pound cobalt resource at McAra by testing over
50 high-grade primary cobalt silver-nickel-copper targets. In addition, Battery owns
100% of ESI Energy Services, Inc., a pipeline equipment rental and sales company
with operations in Leduc, Alberta and Phoenix, Arizona. Finally, Battery is currently
developing the Punitaqui Mining Complex, and pursuing the potential near term
resumption of operations at the prior producing Punitaqui copper -gold mine. The
Punitaqui copper-gold mine most recently produced approximately 21,000 tonnes of
copper concentrate in 2019 and is located in the Coquimbo region of Chile.
For further information, please contact:
Battery Mineral Resources Corp.
Martin Kostuik
Phone: +1 (604) 229 3830
Email: [email protected]
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Forward Looking Statements
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