16:44:07 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Green Battery Minerals Inc
Symbol GEM
Shares Issued 86,088,644
Close 2023-10-18 C$ 0.045
Market Cap C$ 3,873,989
Recent Sedar Documents

Green Battery finds new pegmatite outcrops at Jupiter

2023-10-19 13:53 ET - News Release

Mr. Thomas Yingling reports

GREEN BATTERY MINERALS IDENTIFIES NUMEROUS NEW PEGMATITE OUTCROPS AT ITS JUPITER LITHIUM PROJECT IN JAMES BAY, QUEBEC

Green Battery Minerals Inc. has completed a preliminary reconnaissance and rock chip sampling program at its highly prospective Jupiter lithium property in James Bay. The boots on the ground work program was completed mid-September, during which period field crews successfully identified and sampled numerous previously undocumented pegmatite outcrops. In total, the company collected 48 samples, which were delivered to SGS Laboratories for geochemical assay and analysis.

Tom Yingling, president and chief executive officer of Green Battery Minerals, commented: "Having found a large number of previously unidentified pegmatites at our James Bay Jupiter lithium property we have added significant potential value to this exciting project," stated Mr. Yingling. "We are eagerly anticipating the outcome of our sampling work, especially considering the major lithium resources identified proximal to the Jupiter property. This field program was an enormous success and has not only expanded our understanding of the geological landscape but has also opened up exciting possibilities for further exploration. The remaining unexplored pegmatites hold further potential for additional resource discovery."

Helicopter-assisted rock sampling program: preliminary results

During the company's inaugural exploration program, the team found a number of previously undocumented pegmatites on the property and were successfully able to visit approximately half the historically recorded pegmatites. These impressive coarse-grained pegmatites were found to be up to 30 metres wide and extended along strike for hundreds of metres. These large dike-like structures presented logistical advantages providing direct helicopter access to the most intriguing outcrops on the property, emphasizing their importance.

A total of 48 samples were collected from pegmatitic outcrops across the property, including samples from at least 10 discrete pegmatite intrusives in the northern part of the property. Multiple distinct pegmatitic generations were observed on the property, all displaying encouraging indications of mineral zonation and evolved fractionation across the multitude of pegmatites observed.

The 51 samples (including three QA/QC (quality assurance/quality control) samples) collected have been submitted to SGS Laboratories in Val d'Or, Que., to be analyzed by four-acid 54-element analysis -- sodium peroxide fusion, ICP-AES/ICP-MS analysis including Li (lithium), Cs (caesium) and Ta (tantalum). The results are anticipated to be delivered in six to eight weeks. This analysis will allow the company to utilize invaluable geochemical pathfinder proxy indicator methods in vectoring for lithium mineralized pegmatite dikes on the property.

This field program was an enormous success and has not only expanded the company's understanding of the geological landscape but has also opened up exciting possibilities for further exploration and research. The remaining unexplored pegmatites hold the potential for additional revelations, which could significantly contribute to the company's knowledge of pegmatite geology and potential mineral resources in the region.

About the Jupiter property

The Jupiter property was optioned to explore for lithium (LCT) pegmatites, and rare earth elements (REE). The property is an early stage exploration opportunity which comprises a total of 122 Quebec mineral exploration claims which amount to a total of 6,406 hectares. Up to 33 pegmatite occurrences have been identified by government mapping completed over the property. Rock samples collected adjacent to the property returned up to 315 ppm (parts per million) lithium. These claims are strategically located within the James Bay lithium prospectivity area within which are the Nemaska lithium, James Bay lithium and Rose critical elements deposits. The Jupiter property fulfills the company's goal of providing additional battery elements that go into lithium-ion batteries.

Property highlights

  • The Jupiter property is located within the La Grande geological subprovince, near the boundary with the Opinaca subprovince within a favourable host rock comprising "typically porphyritic and magnetic tonalite; with minor injections of pink pegmatite."
  • Up to 33 pegmatite occurrences have been identified by government mapping completed over the property. Rock samples collected adjacent to the property returned up to 315 ppm lithium.
  • The acquired claims are located over regionally elevated lake bottom sediment geochemical anomalism for lithium, with values up to 100 ppm along the down ice trend of the property.
  • Float plane and helicopter accessible, approximately 175 km south of Radisson, and 25 km southwest of the Eleonore mine and Airstrip. The northern infrastructure corridor comprising Rte de la Baie-James provincial highway and three Power transmission lines is located approximately 35 to 50 km east of the property.

Green Battery Metal Critical Minerals property portfolio:

  • Berkwood graphite project -- Quebec -- graphite project;
  • Jupiter -- Quebec -- lithium pegmatite (LCT) prospect;
  • Stallion -- British Columbia -- copper porphyry, epithermal Au+Ag (gold plus silver) prospect;
  • Boudrias -- Quebec -- nickel-copper (PGE) prospect.

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 eight km southwest of Nouveau Monde's deposit which has a $3.5-billion NPV (net present value) on it. The company's Zone 1 deposit, and that of Nouveau Monde, share many similar geological characteristics, with the Zone 1 deposit being of exceptionally high grade and coarse flake size by global standards.

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 per cent Cgr and 1,526,400 tonnes in inferred resources at 16.39 per cent Cgr.

Table 2: In-pit resource at Lac Gueret South project (rounded numbers)

Current resources (as of June 17, 2019)

The mineral resource estimates herein are described in the technical report entitled, National Instrument 43-101 technical report mineral resource estimate on the Lac Gueret south graphite property, Quebec, Canada. With an Effective date of June 30, 2019, by Edward Lyons, PGeo, Florent Baril, ing, and Claude Duplessis, ing.

QA/QC comments

All samples were collected by typical field methods according to CIM best practices, selected samples were collected by representative rock chips into numbered samples bags, a CRM sample was inserted at a ratio of one sample in 20 to the sample batch, field duplicates were additionally collected to confirm the outcrop geochemistry. All samples were submitted to SGS laboratories, results are currently pending.

Qualified person

Luke van der Meer, PGeo, 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 Green Battery Minerals Inc.

Green Battery Minerals is managed by a team with over 150 years collectively with a proven record of not just finding numerous mines but building and operating them too. The Green Battery Mineral management team's most recent success is discovering the Berkwood graphite resource in Northern Quebec. Green Battery Mineral owns this asset 100 per cent, and the company's shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.