Free Battery Metal Limited Announces Gallium Values Up To 110.5 PPM
Free Battery Metal Limited Announces Gallium Values Up To 110.5 PPM
Toronto, Ontario— January 6, 2025, Free Battery Metal Limited (CSE: FREE)
(formerly, Titus Energy Corp.) ("FREE" or the "Company"), is pleased to announce
elevated gallium values from bedrock grab samples collected on the Mound Lake
Property, south of Lake Nipigon in northwestern Ontario, Canada.
The Mound Lake Property encompasses 243 single-cell unpatented mineral claims
covering over 4,800 hectares in a prolific mining district.
The northern part of the property, near the contact between the Mound Lake
Pluton and metasedimentary country rocks, has demonstrated consistent,
elevated gallium values. These results coincide with elevated levels of other
critical metals, including beryllium (Be), lithium (Li), and rubidium (Rb), near the
Larson Creek and Mound Creek faults.
Exploration Highlights
The exploration of Free Battery’s Mound Lake Property commenced in the
summer of 2023. Between June 30 and July 16, a comprehensive prospecting and
grab sampling program was conducted, during which 213 rock samples were
collected and sent for analysis. The results of this initial program were previously
disclosed in the Company’s press release dated September 7, 2023.
As a follow-up to the summer campaign, an additional 164 samples were collected
and analyzed for trace element geochemistry using sodium peroxide fusion with
ICP-MS measurement. Results from this second phase confirmed notably higher
gallium values compared to the initial program.
Elevated Gallium Results
Analysis of both sampling campaigns has identified 12 bedrock grab samples with
gallium values exceeding 50 ppm, with the highest result measuring 110.5 ppm.
For comparison, gallium abundances in fertile granites and pegmatites typically
peak at ~90 ppm, while the average crustal abundance is approximately 19 ppm.
Over 70% of the samples from the Mound Lake Property returned gallium values
above crustal abundance.
Table 1: Highlighted Selected Samples with Elevated Gallium Samples
Sample
Number
Easting
(UTM
Zone 16)
Northing
(UTM
Zone 16)
Ga
(ppm)
Sample Description
107359 388851 5446455 78.5 20 to 40 cm wide pegmatite dyke in coarse-
grained, equigranular, leucogranite host; dyke
contains large (<4 cm) books of muscovite and
black, columnar tourmaline.
107362 388746 5446796 75.8 Leucogranite cut by a 30 cm wide, quartz-rich
pegmatite dyke with large (<5 cm) muscovite
books and tourmaline crystals up to 5 cm long.
The core of the dyke is predominantly quartz,
with some scattered potassium feldspar, mica,
and tourmaline megacrysts.
107367 388939 5447262 91.9 Pink pegmatite dyke within coarse-grained,
equigranular, leucogranite host. Dyke has large
(<6 cm) books of muscovite.
107380 388523 5447923 110.5 Lenticular, north-trending, pink, beryl-bearing
pegmatite, approximately 4 x 15 m in size,
within metasedimentary host rock. Pegmatite
lens contains quartz and K-feldspar
megacrysts, metasedimentary enclaves, large
(<5 cm) muscovite books and creamy-white
beryl up to 3 cm long and 0.5 cm wide.
107384 388383 5447902 61.5 Eastern outcrop of granitic dyke from GWS-
152.
107398 390860 5447867 55.1 Light-pink pegmatite dyke within pink,
medium-grained, equigranular granite. Dyke
has large (<3 cm) books of muscovite.
K043563 387578 5447417 51.4 Quartz-dominant, foliation-parallel,
leucogranite dykes/dykelets within foliated
metasedimentary host rock; very fine-grained,
light blue apatite and perhaps creamy green
epidote noted.
K043570 386418 5447726 56.0 10 cm wide, light-coloured, muscovite- and
apatite-bearing, leucogranite dyke within
metasedimentary host rock. Fine-grained
white, sugary matrix with very fine-grained
clusters of apatite along dyke margins.
K043577 389643 5447846 54.1 Creamy-white, muscovite-bearing lenticular
pegmatite dyke within metasedimentary host
rock. Dyke lenses range from 1 cm to 1 m
wide. Green muscovite is foliated parallel to
dyke margins.
K043593 384322 5445561 61.2 Pink, muscovite- and tourmaline-bearing,
pegmatite dyke within metasedimentary host
rock. Quartz and locally graphic-textured K-
feldspar megacrysts.
K043627 384324 5442945 50.1 White, muscovite- and tourmaline-bearing
pegmatite dyke within metasedimentary host
rock. Green, epidote-altered muscovite and
black, columnar tourmaline set in quartz.
K043812 384270 5445820 62.2 Pink, medium- to coarse-grained, muscovite-
and tourmaline-bearing, > 10 m wide
pegmatite, with 3 x 5 cm green muscovite
books and graphic-textured feldspar.
The Company is prioritizing exploration in the northern zones of the Mound Lake
Property. Further detailed analysis and mapping will be conducted to identify
potential targets for follow-up investigation and possible drilling. The Ontario
Mineral Inventory defines any gallium assay of 150 ppm or higher as a “Mineral
Occurrence,” underscoring the significance of these findings.
Figure 1: Topographic Map of <50 PPM Gallium Samples
Figure 2: Bedrock Geology Map of <50 PPM Gallium Samples
A comprehensive report on the 2023 grassroots exploration program is available
for review on Geology Ontario.
Qualified Person
The scientific and technical disclosure for Free Battery included in this news
release has been reviewed and approved by Mark Smyk, P .Geo. Mr. Smyk is a
Technical Advisor to the Company and a Qualified Person under National
Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”).
Quality Assurance / Quality Control ("QA/QC")
All samples were bagged, sealed, and stored inside a storage locker until delivery
to an independent laboratory, ALS Laboratories in Thunder Bay, Ontario (ISO/IEC
17025:2017). The initial batch of samples were analyzed by four acid digestion
with ICP-MS finish (ME-MS61). Standards and blanks were submitted with the
shipment to supplement the lab's internal controls.
On behalf of the Board of Directors,
Free Battery Metal Ltd.
Pam Sangster, Chief Executive Officer
Phone: 1-519-495-5823
Email: [email protected]
About Free Battery Metal Limited
Free Battery Metal Limited is a publicly traded company exploring for lithium and
other critical minerals. The Company is committed to responsible mining practices
and is actively exploring the Mound Lake Property in northwestern Ontario. The
property comprises 243 single-cell unpatented mining claims totaling
approximately 4,860 hectares.
The Company views lithium and other rare metals as critical commodities in
supporting the global transition to green technologies, including electric vehicles.
The Mound Lake Property is a key asset in the Company’s portfolio, offering
significant potential for the extraction of high-demand battery metals.
Forward-Looking Information and Cautionary Statements
This news release contains "forward-looking statements" within the meaning of
applicable securities laws. All statements contained herein that are not clearly
historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be
identified by the use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or may contain statements that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "will continue", "will
occur" or "will be achieved". The forward-looking information and forward-
looking statements contained herein include, but are not limited to, statements
regarding: the Company's potential mineralization and exploration of the Mound
Lake Property in northwestern Ontario, and the potential for the discovery of
Lithium and other rare metals.
Forward-looking information in this news release are based on certain
assumptions and expected future events, namely: the Company's ability to
continue as a going concern; the continued commercial viability and growth in
popularity of the Target's material properties; the Company's ability to develop
the Mound Lake Property; continued approval of the Company's activities by the
relevant governmental and/or regulatory authorities; and the Company's ability to
realize upon the potential discovery of Lithium and other rare or critical metals on
its properties.
These statements involve known and unknown risks, uncertainties and other
factors, which may cause actual results, performance or achievements to differ
materially from those expressed or implied by such statements, including but not
limited to: the potential inability of the Company to continue as a going concern;
the risks associated with the mining industry in general; the potential future
unviability of the Company's material property; risks associated with potential
governmental and/or regulatory action with respect to the Company's activities;
risks associated with the Company's ability to generate a profit; and the
Company's inability to realize upon the potential discovery of Lithium and other
rare metals on its properties.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further
cautioned not to place undue reliance on forward-looking statements, as there
can be no assurance that the plans, intentions or expectations upon which they
are placed will occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified
by this cautionary statement and reflect the Company's expectations as of the
date hereof and are subject to change thereafter. The Company undertakes no
obligation to update or revise any forward-looking statements, whether as a result
of new information, estimates or opinions, future events or results or otherwise
or to explain any material difference between subsequent actual events and such
forward-looking information, except as required by applicable law.