Green, Clean, Reduce, Reuse, Recharge! GREEN BATTERY MINERALS COMPLETES DISCOVERY DRILL PROGRAM AT ZONE 6 AND COMMENCES DRILLING ON ZONE 1
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone:
(604) 343-7740
Email: [email protected] Website: www.greenbatteryminerals.com
Green, Clean, Reduce, Reuse, Recharge!
GREEN BATTERY MINERALS COMPLETES DISCOVERY DRILL PROGRAM
AT ZONE 6 AND COMMENCES DRILLING ON ZONE 1
April 7th, 2022, VANCOUVER, B.C. Green Battery Minerals Inc. ( “Green Battery” or the
“Company”) (TSX -V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is pleased to
provide an update for the Berkwood Graphite Project Drill Program located in Northern Quebec,
Canada.
The company is pleased to announce that the 5th drill program at the Berkwood Graphite Project
is currently underway and is expected to conclude in the coming weeks.
The first phase of this Program commenced with drilling 12 holes for 998m at the never before
drilled Zone 6 where previous work identified graphite exposure coincident with an EM Anomaly
at surface. Six of the holes intercepted graphite mineralization and assay results are pending. The
success of the program will translate into additional planning for drilling of zone 6 with favourable
weather to better manage budget for the work.
The active drilling program is currently conducting a program of re source infill and expansion
drilling at Zone 1. Three holes have been completed for a total of 249 meters to date . Drilling is
scheduled to continue contingent upon seasonal weather and budgetary allowances.
The program has been punctuated by inclement weather, road repairs along the site access route,
and mechanical issues which have been protracted due to industry- wide supply chain issues. The
team has worked diligently to optimize the budget through the winter season with an emphasis on
collecting valuable data to support Zone 6 exploration, and further development at Zone 1 to
support an updated resource estimate.
Tom Yingling, President and CEO states, “We are very pleased to announce that our maiden drill
program on Zone 6 has confirmed the presence of Graphite in numerous holes. This is a whole
new graphitic body located only a short distance away from our existing resource located at Zone
GBM NR Drilling Progress Update 20220405 Page 1
1. Once the 3D model has been completed for Zone 6 and pinpointed future drill locations t he
Company plans to return to Zone 6 to continue drilling.”
“The Company is also pleased to announce that we are currently drilling on Zone 1. Zone 1 has
a current NI 43-101 resource estimate, and the current drill program is designed to add to this
resource by completing infill and resource expansion drilling. During the previous 4 drill
programs completed at Zone 1 the Company has only drilled about 20% of the geophysical
anomaly. To date every hole drilled into this anomaly has returned excellent graphite grades
which average 17%.”
“The Company is very fortunate, compared to its peers, to not only have high average grade
graphite and you can literally drive a truck and park it on top of the outcropping graphite as the
infrastructure of roads is outstanding.”
Figure 1: Drill rig on site at hole 1 at the Zone 6 discovery zone.
GBM NR Drilling Progress Update 20220405 Page 2
Figure 2: Overview of the Zone 1 and Zone 6 Deposits and proximity to the
adjacent development and infrastructure.
GBM NR Drilling Progress Update 20220405 Page 3
Figure 3: Perspective view facing north of the Zone 6 exploration target, Zone 6 Resource, and
Mason Graphite Project.
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 Zone 1 deposit lies 8 km southwest of Mason Graphite’s deposit which is the subject of a
current feasibility study. The Company believes its Zone 1 deposit and that of Mason share many
similar geological characteristics with the Zone 1 deposit being one of the highest-grade graphite
deposits in the world.
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.
Table 1: In-pit Resource at Lac Gueret South Project (rounded numbers)
GBM NR Drilling Progress Update 20220405 Page 4
The mineral resource estimates above are described in the technical report en titled, 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.
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. Gre en 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.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
‘Thomas Yingling‘
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740
[email protected] www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information:
Certain statements in this document whi ch 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 dri ll 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 suc h 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
GBM NR Drilling Progress Update 20220405 Page 5
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 give n 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.