| Announcement Date: | 2022-02-22 |
|---|---|
| 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. 37.6m @ 1.36% Cu, 10.3g/t Ag from 178.4m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia – (February 22, 2022) – 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 on-going 2021 exploration and in-fill drill program at the San Andres zone of the Punitaqui mine complex (“Punitaqui”) in Chile. Punitaqui is slated for resumption of copper concentrate production in the second half of 2022. San Andres is the “normal” fault displaced upper portion of the adjacent Cinabrio copper deposit that is part of Punitaqui. Cinabrio was the primary source of copper for the Punitaqui mill which typically produced between 20 and 25 million pounds of copper annually and was operated for nine plus years by each of Glencore and Xiana Mining. The San Andres zone is one of several historic zones within BMR’s Punitaqui project with partially delineated resource potential and established underground access. Historic wide-spaced drilling completed by the previous operators between 2011- 2020 totaled 9,676 meters in 76 holes. |
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