Announcement Date: 2021-11-16
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Battery Mineral Resources Ltd.
Project name: Punitaqui
Location: Chile
Commodities: Copper
Highlight: Drilling results incl. 28.1m @ 0.98% Cu from 203m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia – (November 16, 2021) – Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) (“Battery” or “BMR” or the “Company”) is pleased to announce encouraging drill core assay results from the 2021 exploration and in-fill drill program at the Punitaqui mine complex (“Punitaqui”) in Chile. Punitaqui is slated for resumption of production mid to late-2022. The San Andres target is one of several historic zones within BMR’s Punitaqui project with partially delineated resources and established underground access. Sample assay results, reported herein, are from five drill holes and are in addition to the results reported previously from the first eight drillholes completed at San Andres (see Table 1 and Table 2 below). These results are only partial and additional significant intervals may be reported from these same holes when complete results are received. Drillhole SAS-21-14 was designed to test the San Andres targeted stratigraphic unit (“TSU”) 120m up-dip from the SAS-21-07 intercept (3.4m at 2.10% Cu and a second interval of 4.0m at 1.56% Cu). This up-dip test resulted in two intercepts that were significantly wider than the deeper intercepts;28.1m at 0.98% Cu & 3.3g/t Ag from 203m including 10.1m at 1.44% Cu & 1.4g/t Ag from 203m and a second intercept of 9.4m grading 1.24% Cu & 3.4g/t Ag from 227m (See Figure 3).
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