Green Battery Minerals Inc to begin drilling on Berkwood graphite project at the end of this month
“Drilling Zone 1 for the fifth time could significantly increase the size of the company’s resources. All drill holes are low risk extension and fill drilling from previous successful drill holes designed to add to the company’s already established resources ”
Green Battery Minerals Inc has said a drilling program of up to 5,000 meters (m) is about to start on its wholly-owned Berkwood graphite project in Quebec at the end of October this year. after the company has received all necessary permits.
“We have designed a very exciting drill program,” Green Battery CEO Tom Yingling told investors in a statement. “Drilling Zone 1 for the fifth time could significantly increase the size of the company’s resources. All drilling is low risk extension and infill drilling from previous successful drill holes designed to add to the company’s already established resources. “
He added, “I’m happy to finally drill Zone 6 as it returned good graphite from its outcrops and channel samples; we have to drill to determine the shallow submarine potential. indicates that it has the potential to include a large shallow graphite showing. “
READ: Green Battery Minerals reveals positive geophysical survey results on Areas 3 and 4 of the Berkwood Graphite project
Over the past five years, the company has advanced the active Berkwood Graphite, which it claims contains extremely high contents and extremely large flake sizes compared to other global sources of graphite. The project already has an NI 43 101 resource of 550,000 tonnes of graphite and it is growing.
There are three objectives of this last drilling. First, to potentially increase the resource already established on Zone 1. Second, to drill Zone 6, where there are many large outcrops that have never been drilled before and work has shown that this body is not just graphitic, but it also contains graphite -grade with excellent metallurgy.
The third objective is to use these drilling results to further develop the Company’s Preliminary Economic Assessment (PEA), which will include an estimated Net Present Value (NPV).
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