Announcement Date: 2021-11-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Battery Mineral Resources Ltd.
Project name: Punitaqui
Location: Chile
Commodities: Silver,Copper
Highlight: Drilling results incl. 23.0m @ 1.16% Cu, 1.7g/t Ag from 105m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia – (November 29, 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 copper concentrate production in mid to late2022. The Dalmacia Target is second of several historic zones within BMR’s Punitaqui project with partially delineated resources and established underground access. Dalmacia is located in the southern portion of the Punitaqui area about 6 kilometers south of the Punitaqui copper processing plant. Punitaqui is a former producing copper mine located in the Coquimbo region of Chile with an eight-plus year operating history within which produced up to 25 million pounds of copper in concentrate annually. Punitaqui was recently acquired by BMR via a private placement equity financing announced on July 13, 2021. BMR began developing the project immediately by initiating a drilling program, operating and environmental permit modifications and engineering studies.
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