STRONG GRAPHITE ASSAY RESULTS ANNOUNCED BY GREEN BATTERY MINERALS Company measures 14.41% Graphite over 19.0m on Zone 6
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STRONG GRAPHITE ASSAY RESULTS ANNOUNCED BY
GREEN BATTERY MINERALS
Company measures 14.41% Graphite over 19.0m on Zone 6
September 6th, 2023 VANCOUVER, B.C. Green Battery Minerals Inc. (” Green” or
the “Company”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) ) is
pleased to announce assay results from its drilling program conducted at Zone 6 on its
Berkwood graphite property in Quebec. The program was designed to follow up on
surface work conducted over the target area last summer (see February 16, 2023 news
release) and was successful in intercepting graphite mineralization at depth over the
previously defined 600m of strike length with a total of 20 holes and 2058m drilled.
Tom Yingling, President and CEO of GEM commented: "We continue to produce excellent
drilling results, not just in terms of composition but also in terms of quality. With only
about 10% of our property fully explored, we already have 550,000 tonnes (inferred +
indicated) graphite resource and these new results will add to that. As we work towards
delivering a PEA, we are more than encouraged by our exploration results. With billions
being invested in battery plants throughout North America, it is of crucial importance that
the critical minerals needed to meet demand are available. That is what GEM is doing,
ensuring LIB manufacturers will have a high quality, North American source of graphite.
We are positioned well and with more results to come out over the coming months, we are
confident of generating substantial additional value, especially considering the $3.5 billion
NPV our neighbors (Nouveau Monde, TSXV:NOU) have produced on the back of their
fully explored property.”
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The headline intercept was drilled down dip out of an abundance of curiosity on the most
impressive outcrop. Typical high-grade intercepts were approximately 4.0m long at close
to true thickness with other minor interv als present throughout. Intercepts and collars are
presented in Tables 1 and 2 below:
Table 1: Significant intercepts from the Fall 2022 drill program.
From (m) To (m) Length (m) Cgr%
BK6-22-13 29.40 33.55 4.15 15.49
BK6-22-13 72.33 76.00 3.67 2.07
BK6-22-14 54.00 58.00 4.00 20.55
BK6-22-14 60.77 61.76 0.99 23.02
BK6-22-15 29.22 30.24 1.02 20.22
BK6-22-16 42.48 44.32 1.84 4.91
BK6-22-17 44.00 47.00 3.00 24.80
BK6-22-17 53.00 61.00 8.00 21.20
BK6-22-18 70.75 72.75 2.00 2.81
BK6-22-19 58.00 61.13 3.13 9.05
BK6-22-20 67.14 71.92 4.78 9.93
BK6-22-21 0.82 4.00 3.18 24.07
BK6-22-21 9.72 12.42 2.70 10.79
BK6-22-21 35.65 54.74 19.09 14.41
BK6-22-22 16.06 19.74 3.68 13.92
BK6-22-22 53.40 58.07 4.67 13.77
BK6-22-22 90.27 92.00 1.73 7.50
BK6-22-23 14.78 19.00 4.22 3.85
BK6-22-24 64.48 68.06 3.58 17.82
BK6-22-24 84.00 89.25 5.25 8.57
BK6-22-25 9.05 10.85 1.80 2.29
BK6-22-26 30.43 31.54 1.11 6.91
BK6-22-27
BK6-22-28 49.93 50.84 0.91 6.95
BK6-22-29 2.00 4.36 2.36 3.81
BK6-22-30 1.90 4.20 2.30 9.38
BK6-22-31 10.08 15.00 4.92 10.06
BK6-22-32
Hole Abandoned
N o Significant Re sults
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Table 2: Collar coordinates from the Fall 2022 drill program.
Easting_Z19 Northing_Z19 Elevation (m) Azimuth Dip Length (m)
BK6-22-13 487541.4 5651553.7 453.2 0 -50 76
BK6-22-14 487561.5 5651502.9 466.2 0 -60 109
BK6-22-15 487564.7 5651502.7 468.9 30 -50 109
BK6-22-16 487655.3 5651496.5 497.0 0 -50 109
BK6-22-17 487653.9 5651493.0 497.2 315 -50 109
BK6-22-18 487656.9 5651502.6 497.6 45 -50 109
BK6-22-19 487664.8 5651470.7 497.0 0 -50 109
BK6-22-20 487662.9 5651471.5 497.0 335 -45 107
BK6-22-21 487784.0 5651541.0 542.0 0 -90 70
BK6-22-22 487813.2 5651524.6 544.2 315 -50 109
BK6-22-23 487822.1 5651499.6 543.9 0 -50 109
BK6-22-24 487819.0 5651498.8 543.5 315 -50 109
BK6-22-25 487889.7 5651532.6 555.2 320 -50 124
BK6-22-26 487933.3 5651648.8 584.4 90 -50 109
BK6-22-27 487932.2 5651648.2 584.7 312 -50 19
BK6-22-28 487923.7 5651649.2 584.5 300 -45 142
BK6-22-29 487912.7 5651721.4 585.7 75 -45 109
BK6-22-30 487918.4 5651706.2 585.8 180 -45 109
BK6-22-31 487548.9 5651562.6 452.5 45 -45 109
BK6-22-32 487462.5 5651548.0 425.7 15 -50 103
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Figure 1: Drilling and surface work on Area 1.
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Figure 2: Drilling and surface work on Area 2.
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Figure 3: Drilling and surface work on Area 3.
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Figure 4: Drilling and surface work on Area 4.
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The core of the fold nose and the north limb of the structure, representing 1000m of strike
length, remain untested and will require more aggressive earthworks to properly evaluate.
Tom’s Video.
https://www.youtube.com/watch?v=HmlqReWD934
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 Nouveau Monde’s deposit which has a $3.5
billion NPV on it. The Company believes its Zone 1 deposit, and that of Nouveau
Monde, 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.