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Green Battery Minerals Inc
Symbol GEM
Shares Issued 86,088,644
Close 2023-11-22 C$ 0.045
Market Cap C$ 3,873,989
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Green Battery Minerals defines targets at Berkwood

2023-11-23 09:15 ET - News Release

Mr. Tom Yingling reports

GREEN BATTERY MINERALS DEFINES ZONE-3 TARGETS AT ITS FLAGSHIP BERKWOOD GRAPHITE PROJECT IN QUEBEC

Green Battery Minerals Inc. has completed prospecting and magnetometer/electromagnetic ground surveys using beep mat at the underexplored zone 3 prospect at its Berkwood graphite project in Quebec. The work has further defined the prospect and has crystallized compelling targets for further exploration.

Zone 3 highlights:

  • Zone 3 comprises 12 mineral claims for a total of 604.6 hectares and is road accessible via gravel forestry service roads that crisscross the project area.
  • Zone 3 is strategically located six kilometres from the Lac Gueret property joint venture of Nouveau Monde Graphite and Mason Graphite.
  • A 1.4 km strike length EM conductivity anomaly with potential for a further 1.6 km extension along a prospective interpreted fold hinge.
  • Historical drilling of coarse flake graphite at LG-13-04N included 22 metres at 20.91 per cent graphitic carbon (from 4.40 m in depth) and a secondary zone of 4.50 m at 7.78 per cent Cg (from 74.25 m).

Zone 3 exploration target

Zone 3 is strategically located six km from the Lac Gueret property JV, a collaboration between Nouveau Monde Graphite and Mason Graphite. Green Battery Minerals recently consolidated claims covering the zone 3 prospect to secure the core of the conductive anomaly where historical drilling intersected high-grade graphite.

The prospect was initially identified in 2003 by Soquem and has emerged as a promising electromagnetic (EM) target that has remained underexplored. Zone 3 shares key characteristics with the neighbouring Lac Gueret property and the company's zone 1 resource. The 1.4 km by 200 m conductivity anomaly extends southward, displaying an apparent fold structure as the potential to thicken and concentrate graphite mineralization within hinge. Mapped thrust faults bound the conductor which when combined with inferred folding imply favourable conditions for thickening and thrust duplication of graphite mineralization.

Historical exploration involved mechanical excavation and drilling. High-grade graphite concentrations of up to 40 to 60 per cent are reported for samples from two drill holes; however, records for these holes are incomplete. Reliable exploration from drilling in 2013 confirmed zone 3 potential, including the near-surface 22 m at 20.91 per cent Cgr (graphitic carbon) and 4.5 m at 7.78 per cent Cgr detailed herein.

Tom Yingling, president and chief executive officer of Green Battery, commented on the success of the field exploration and the prospects generated at zone 3, stating:

"We are excited to focus on the exploration journey at our underexplored Zone 3 prospect, and are encouraged to expedite advancing zone 3 exploration by the anchor results presented by historical drilling that includes 22 m at 20.91 per cent graphite (Cgr) from surface!" Mr. Yingling continued: "The 2023 confirmation of subsurface conductivity anomalism, coupled with historical results, including historical assays up to 27.8 per cent Cgr at shallow depths, underscores the high potential of zone 3. Moreover, we've just scratched the surface at zone 3, having explored only a small portion of the three km anomalous trend. The substantial area of the airborne geophysical anomaly presents an extensive target zone wherein the 2023 ground geophysics defines two high-interest conductive targets lineaments, one of which is developed along strike from the high-grade historical drill intercept. In 2024 we will move quickly to expose more outcrop and drill to validate the extent of graphite mineralization at zone 3 with a view to adding resource at zone 3 to the zone 1 resource so as to define the basis for a future hub-and-spoke graphite production project."

2023 prospecting and EM conductivity ground geophysics

In July, 2023, Green Battery Minerals further defined targets at zone 3 using ground mag/EM beep mat tool. Led by Laurentia Exploration, the site investigations focused along strike from historical workings and confirmed anomalies at nine locations and included definition of a 200 m strike extension northward from historical drill hole LG-13-04N.

Rock sampling was completed from exposed outcrop at three locations approximately 250 m north of LG-13-04N. The localized natural clearing exposed coarse graphite outcrops which were sampled along a continuous trend of 50 m along strike around 2004 trenching and drilling. Laboratory results are pending and are expected to confirm the tenor of graphite mineralization along the defined strike of the subsurface conductivity anomaly.

Next steps

Building on the successful exploration strategy at zone 1 and zone 6, Green Battery's next steps at zone 3 will continue with systematic ground confirmation along conductor trends, leveraging its successful approach from previous zones. The company intends to include stripping and channel sampling to refine the understanding of structural setting of those graphite-rich horizons. This critical groundwork will pave the way for the next phase of exploration drilling; success at zone 3 will complement the known resources at zones 1 and 6 and move the Berkwood project toward a critical resource threshold which could support shallow mine development for coarse natural graphite production.

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 gold plus silver prospect;
  • Boudrias -- Quebec. Nickel-copper (platinum group element) 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 resource lies eight km southwest of Nouveau Monde's deposit which has a $3.5-billion net present value on it. The company's zone 1 resource, and that of Nouveau Monde, share many similar geological characteristics, with the zone 1 resource 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 per cent Cgr and 1,526,400 tonnes in inferred resources at 16.39 per cent Cgr.

Quality assurance/quality control comments

All samples were collected by typical field methods according to the Canadian Institute of Mining, Metallurgy and Petroleum best practices, selected samples were collected by representative rock chips into numbered samples bags. A total of five samples (including one blank and one standard) were shipped to ALS Canada Ltd. in Val d'Or. They were prepared (PREP-31a) and analyzed by the lab for carbon (graphite; C-IR18) and for total carbon and total sulphide (ME-IR08). The standard used is an Oreas 723 (5.87 per cent graphitic carbon). Sample analysis results are not yet available.

The historical data presented in this release are derived from public domain reports, the results have not been verified by the author, no subsequent drilling has been completed to confirm the drilled intersections of graphite from LG-13-04N.

Qualified person

Maxime Bouchard, Geo, MSc (OGQ No. 1752) of Laurentia Exploration (3415, rue de l'Energie Jonquiere, Quebec, G7X 0J6), an independent qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in 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.

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