Bluebird Battery Metals Commences Exploration Program at its priority Canegrass Nickel-Cobalt-Copper Project in Western Australia
200 Burrard Street, Suite 1680
Vancouver, British Columbia, V6C 3L6
Tel: (604) 678‐5308
www.bluebirdbatterymetals.com
Bluebird Battery Metals Commences Exploration Program at its
priority Canegrass Nickel-Cobalt-Copper Project in Western Australia
Vancouver, British Columbia, May 29, 2018 – Bluebird Battery Metals Inc. (TSXV: BATT;
US:BBBMF) (the “Company” or “Bluebird”) is pleased to announce that initial exploration has
commenced at its Canegrass Ni-Co-Cu Project (the “ Project”) in the Mount Magnet Region of
Western Australia.
Highlights:
After acquiring property in March 2018, ground EM surveys were initiated in April
2018 at two priority targets (CG02 and CG039), where the previous drilling identified
nickel, cobalt and copper close to surface.
Preliminary interpretation of the results by Newexco, the Compa ny’s lead geophysical
contractor, positively identified the presence of strong EM conductors at both targets.
Ground EM survey program expanded across the multiple other conductors identified in
2013.
Expanded airborne mag survey to commence before the end of May 2018.
Currently reviewing drill permits to ensure the Company can test new priority targets in
early Q3, 2018.
“We are pleased to commence our initial explo ration program on our priority nickel, cobalt,
copper project within the largest layered intrusive complex in Australia. Previous exploration, not
followed up on since 2014, highlig hted exciting nickel and cobalt gr ades close to surface that
clearly deserve attention noting the recent incr ease in cobalt and nickel commodity prices,”
commented Peter A. Ball., Chairman and CEO of Bluebird. “The interest in the Battery Metals
Sector has surged in the past year, noting the exponential demand for Cobalt related to the Electric
Vehicle revolution, and the supply gap that is foreseen in the next few years. BlueBird recently
acquired two exciting (Ni-Co-Cu / Co-Cu) project s, and continues to review other potential
opportunities to add to our portfolio.”
Canegrass Ni-Co-Cu Project
The underexplored 4200 hectare Canegrass Ni-Co-Cu Project, is l ocated ~60 kms SE of Mt.
Magnet in Western Australia. The Project is located within the Windimurra Igneous Complex
(“Windimurra”), the largest layered mafic-ultramafic intrusive in Australia (see Figure 1),
thickest in the world, and geologically similar to the Bushveld Igneous Complex in South Africa.
In 2013, an airborne VTEM ™ survey identified fourteen (14) con ductors within the 4,200 ha
property footprint (see Figure 2), six of which are associated with coincident magnetic anomalies.
Initial diamond drilling (10 holes) was completed in 2014 at tw o of the fourteen identified
conductors, and intersected nickel, cobalt and copper in nine of the ten holes drilled (see Table 1).
Hole CPRC004 intersected 13.0 m grading 0.91% Ni, 0.08% Co and 0.58% Cu , the most
significant result to date.
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Downhole EM surveys completed in 2014 identified off-hole anomalies that were never followed
up or drilled. Recommendations from the initial exploration inc luded follow up ground EM
surveys over the identified c onductors and a high resolution ai rborne magnetic survey over the
entire property.
After acquiring the project in March 2018, and reviewing the historical data, BlueBird’s technical
team immediately initiated ground EM surveys in April 2018 at t wo priority targets (CG02 and
CG039), where the previous dril ling identified nickel, cobalt a nd copper close to surface.
Preliminary interpretation of the results by Newexco, the Company’s lead geophysical contractor,
positively identified the presence of strong EM conductors at b oth targets. As a result, the
Company has decided to expand the ground EM survey program across the remaining conductors
identified in 2013.
Based on additional technical review of the project, the Compan y is also further expanding a
recommended airborne mag survey, to commence before the end of May 2018. BlueBird will
expedite the analysis of results from the airborne and ground b ased surveys, and accelerate
permitting and a drill targeting exercise to ensure the Company can test the priority targets by
means of reverse circulation drilling in early Q3, 2018.
Figure 1: Canegrass Project Location Map
Figure 2: Canegrass Project; Regional Geology (1:500000) with 2017 VTEM Targets
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Table 1: Canegrass Project Significant Drill Results (Historical)
The intervals noted in the table above represent down hole drill length and not true width.
There is insufficient data at this time to determine the true width of mineralization.
The Company entered into an option agreement with Trafalgar Res ources Pty Ltd., a private
Australian company, to acquire a 100% interest in the Canegrass Project (refer to BlueBird’s press
release dated March 15, 2018).
Other Projects – Batt Claims
BlueBird is also currently reviewing the Batt Co-Cu Project that the Company recently optioned
in Yukon, Canada, and anticipates announcing a summer explorati on program in the coming
weeks. The Batt claims were re-staked in 1993 based on geologic al similarities to the Windy
Craggy deposit, which hosted a hi storical (1991) Proven and Pro bable Reserve of 297.0 Mt @
Hole ID From To Interval Ni Co Cu
(m) (m) (m) (%) (%) (%)
CPDD001 222.44 223.00 0.56 0.33 0.05 0.47
224.00 225.21 1.21 0.29 0.04 0.55
CPDD002 219.00 220.50 1.50 0.49 0.07 0.24
221.40 223.00 1.60 0.65 0.08 0.51
CPDD003 234.00 234.67 0.67 1.52 0.13 1.33
250.00 252.29 1.29 0.30 0.03 0.96
CPRC001 153.00 155.00 2.00 0.18 0.04 0.33
CPRC002 198.00 201.00 3.00 0.06 0.01 0.71
CPRC003 27.00 28.00 1.00 0.49 0.10 0.33
CPRC004 104.00 117.00 13.00 0.91 0.08 0.58
including 112.00 116.00 4.00 1.23 0.10 0.69
CPRC005 152.00 156.00 4.00 0.59 0.08 0.46
CPRC006 102.00 104.00 2.00 0.48 0.10 0.11
CPRC007 No significant results
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1.4% Cu, 0.07% Co (source Government of British Columbia MINFILE database). Two historical
grab samples collected at the Batt claims assayed:
1. 5.6% Cu, N/A Co, 0.4% Sb, 0.7 g/t Au
2. 1.7% Cu, 0.65% Co, N/A Sb, 2.7 g/t Au
Sample #2 was very similar metal ratios as Windy Craggy.
The technical content of this news release has been reviewed an d approved Wes Hanson, P.Geo.,
a director of the Company and a Qualified Person pursuant to Na tional Instrument 43-101. The
qualified person has not yet visited the Canegra ss or Batt Projects, and therefore has not yet
verified the data disclosed, including samplin g, analytical, and test data underlying the
information or opinions contained in the written disclosure.
About Bluebird Battery Metals
BlueBird Battery Metals ( TSXV: BATT; US: BBBMF ) is a Canadian publicly listed company
focused on the global exploration and development of strategic battery metals projects, primarily
cobalt and nickel. BlueBird’s goal is to pursue a business mode l that offers direct and long-term
leverage to the price appreciation in nickel and cobalt, two principal materials in EV batteries. The
Company plans to become a leader in the battery metals sector, as cobalt is currently in a global
supply deficit, has a vulnerable supply chain, and is part of an emerging sector with extraordinary
potential. BlueBird is currently advancing its Co-Ni-Cu project s in Western Australia and in
Yukon, Canada, and reviewing new acquisition opportunities to add to the Company’s portfolio.
On Behalf of the Board of BlueBird Battery Metals Inc.
Peter A. Ball
Chairman and CEO
For more information, please contact 1-(855)-584-0258 or [email protected].
This news release may contain or refer to forward-looking information based on current expectations, including, but
not limited to exploring the Canegrass Ni-Co-Cu Property and the Batt Co-Cu Property and the impact on the
Company of these events, including th e effect on the share prices. Forward- looking information is subject to
significant risks and uncertainties, as actual results may di ffer materially from forecasted results. Forward-looking
information is provided as of the date hereof and we assume no responsibility to update or revise such information to
reflect new events or circumstances.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is
defined in the policies of the TSX Ve nture Exchange) accepts responsibility for the adequacy or accuracy of this
release.