Sunvest Options Roy Cobalt to Battery Mineral Resources
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C, 1H2 Phone: 604-683-3995 Fax: 604-683-3988
www.sunvestminerals.com
Sunvest Options Roy Cobalt to Battery Mineral Resources
Vancouver, British Columbia – February 27 th, 2017 – Sunvest Minerals Corp. (TSX -V: SSS) ("Sunvest
Minerals" or the “ Company”) announces it has signed an option agreement with Battery Mineral
Resources Ltd. (“Battery”) whereby Battery will have the right to earn an 80% interest on Sunvest’s Roy
Cobalt Property located about 11 km northwest of Elk Lake, Ontario.
Sunvest acquired the Roy Cobalt property in August 2016 and expanded their property position in
September 2016. The Roy mine property was first developed in 1912 with three shafts that were sunk. It
was later operated for cobalt in the early 1950s by Roy Silver Mines Ltd. , during which further
underground development (such as the deepening of the main shaft and the drilling of surface and
underground drill holes) was undertaken. Sampling by the Company in October 2016 returned values of
cobalt ranging from 0.45 per cent to 7.19 per cent with an average value of 4.01 per cent. Copper varied
from 0.014 per cent to 10.20 per cent, with an average value of 4 per cent.
Battery is an Australian incorporated company and has acquired a large property position in the historic
Elk Lake silver camp. Elk Lake began as a mining boom town when native silver was discovered in James
Township in 1906, with mining activity peaking between 1907 and 1913, when there were about thirty
active mining properties in the area. While the historic focu s was on silver production, there is a well -
known association with cobalt mineralization.
“We are happy to have Battery Minerals advance our Roy Cobalt Project as part of a district scale program
for cobalt-silver mineralization. This strategic alliance allows Sunvest to focus on resource expansion on
the Company’s keystone, McKinnon-Hawkins Gold Project in Ontario, and the planning and permitting for
a maiden drill program on the Evening Star project in Nevada, in the spring.” states President Gordon
Zelko. “We look forward to reporting progress made on both projects.”
Cumulative terms of the deal call for Battery to make cash payments of $150,000, issue 450,000 shares
and incur $500,000 of expenditures over a 3 year period.
About Battery Mineral Resources
Battery Mineral Resources Limited is an unlisted Australian public company focused on the acquisition,
development and integration of minerals critical to the rechargeable battery market and energy storage
sector. The Company has assembled a diversified portfolio of advanced quality cobalt, graphite and
lithium projects designed to supply growing market demand and deliver maximum leverage to the sector.
Battery aims to maximize value by sourcing long term strategic partnerships with potential end users and
battery groups. The Company’s focus is on acquiring and developing projects within close proximity to
supply chain partners and customers in Asia and North America.
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C, 1H2 Phone: 604-683-3995 Fax: 604-683-3988
www.sunvestminerals.com
ON BEHALF OF THE BOARD
“Mike England”
_______________________________
Mike England, CEO & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the 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.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements, which relate to future events or
future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect
management’s current beliefs and are based on assumptions made by and information currently available to the Company.
Investors are cautioned that these forward looking statements are neither p romises nor guarantees, and are subject to risks
and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements
are made as of the date hereof and, except as required under applicable securities l egislation, the Company does not assume
any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in
this press release are qualified by these cautionary statements and by those made in our f ilings with SEDAR in Canada
(available at WWW.SEDAR.COM).