Announcement Date: 2022-08-16
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Battery Mineral Resources Ltd.
Project name: Punitaqui
Location: Chile
Commodities: Silver,Copper
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia – (August 16, 2022) – Battery Mineral Resources Corp. (TSXV: BMR) (“BMR” “Battery” or the “Company”) is excited to announce a robust NI 43-101 resource update for its Punitaqui copper mining complex in Region IV of Chile. This resource estimate, completed for Battery by independent consultants JDS Energy & Mining Inc. (“JDS”), is a major milestone for the company. The resource estimate is based on our Phase 1 drill program, initiated in August 2021 which totalled 32,526 meters (“m”) of diamond core drilling and also includes the drilling and mining data from the Cinabrio mine completed by prior operators including Glencore PLC. The BMR Phase 1 drilling focused on three zones at Punitaqui: Dalmacia, San Andres, and Cinabrio Norte. An updated technical report will be filed on the Company’s website and SEDAR within 45 calendar days of this disclosure. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
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