Coniagas Battery Metals Secures Critical Ground Near SOQUEM's Cardinal Property, Accelerating Expansion into High-Grade Cu-Ni-Co- PGE Deposits Developing a High-Grade Battery Metals property portfolio in Quebec, Coniagas aims to advance
Coniagas Battery Metals Secures Critical Ground Near SOQUEM's
Cardinal Property, Accelerating Expansion into High-Grade Cu-Ni-Co-
PGE Deposits
Developing a High-Grade Battery Metals property portfolio in Quebec, Coniagas aims to advance
these properties towards production
Vancouver, BC – March 25, 2024 – Coniagas Battery Metals Inc. (TSXV: COS) (“Coniagas” or the
“Company”), a leading junior exploration company focused on battery metals, proudly announces its
strategic acquisition of key ground near SOQUEM's Cardinal Property, situated 80 km southeast of
Chibougamau, Quebec. This significant move underscores Coniagas' commitment to capitalizing on
high-grade copper-nickel-cobalt-platinum group elements (Cu-Ni-Co-PGE) deposits in the region.
Coniagas has staked a total of 28.3 square kilometers of ground in multiple packages. The new
package contains 531 claims for 28,397 hectares. This new property package is now dubbed
Dartagnan. There is highway access to the southern part of Dartagnan as well as a network of
logging roads providing access to other parts. See map below. Not only is there good access but
there is a power corridor leading to Chibougamau running through Dartagnan South. We are
committed to developing properties with good infrastructure in the world leading mining jurisdiction
of Quebec.
SOQUEM, a recognized leader in mineral exploration in Quebec, has reported impressive grades
from their Richelieu and Edgar zones. Notable drill highlights include grades of up to 0.92% copper,
0.73% nickel, 0.11% cobalt, along with 0.56 g/t platinum, 0.46 g/t palladium, and 0.11 g/t gold
values over an impressive 25.3m starting at downhole depth 130.7m (drill hole 1438-23-009 from
SOQUEM press release March 1, 2024), affirming the rich mineral potential of the area. The Edgar
zone reporting similar grades over 1.9m much shallower starting downhole depth of 67.2m.
By strategically staking ground adjacent to SOQUEM's Cardinal Property, Coniagas has leveraged
local prospectors' expertise and regional geological data, including magnetic features and lake
sediment samples with anomalous base metals. This proactive approach underscores Coniagas'
dedication to identifying and securing promising exploration targets with the potential for significant
mineralization.
Coniagas Battery Metals Inc.
550 Burrard St. Suite 2900
Vancouver , B.C. V6C 0A3
Coniagas.com
Frank J. Basa, CEO of Coniagas Battery Metals, commented, "The SOQUEM copper, nickel and
cobalt grades and widths are excellent; we are really excited to move into the area. The added
benefit of the strong PGE/Au component will definitely drive value."
Coniagas Battery Metals is poised to expand aggressively on its flagship property, Graal, with a
focus on becoming the premier junior explorer for Cu-Ni-Co-PGE deposits in Quebec. This strategic
acquisition aligns with Coniagas' overarching goal of acquiring and developing high-quality, high-
grade properties in the region, thereby solidifying its position as a leading player in the battery
metals exploration sector.
Coniagas wishes to thank Laurentian Exploration of Jonquiere, Quebec for assisting with the
Dartagnan acquisition.
For more information on Coniagas Battery Metals and its exploration projects, please visit
https://coniagas.com/
Figure 1: Coniagas’ Dartagnan and SOQUEM’s Cardinal properties
Qualified Person
The technical information in this news release was reviewed and approved by Claude Duplessis, P.Eng.
Quebec, of GoldMinds Geoservices Inc., who is a Qualified Person in accordance with National
Instrument 43-101.
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 consultations 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.
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 V enture 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, availability 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.