07:06:34 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Green Battery Minerals Inc
Symbol GEM
Shares Issued 82,753,644
Close 2023-09-06 C$ 0.055
Market Cap C$ 4,551,450
Recent Sedar Documents

ORIGINAL: Strong Graphite Assay Results Announced by Green Battery Minerals

2023-09-06 11:30 ET - News Release

(via TheNewswire)

Green Battery Minerals Inc.
  



Company measures 14.41% Graphite over 19.0m on Zone 6


September 6th, 2023 – TheNewswire - VANCOUVER, B.C. Green Battery Minerals Inc. (" Green" or the "Company") (TSXV: 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."

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 intervals present throughout. Intercepts and collars are presented in Tables 1 and 2 below:

 

Table 1: Significant intercepts from the Fall 2022 drill program.

 

Table 2: Collar coordinates from the Fall 2022 drill program.

  
 


Click Image To View Full Size

 

Figure 1: Drilling and surface work on Area 1.


Click Image To View Full Size

 

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.