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Battery Mineral Resources Announces 17 Metres Assaying 0.70% Cobalt, 2.12 % Copper, and 0.58 g/t Gold from Its Bonanza Project, Idaho Cobalt Belt, USA
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2021) - Battery Mineral Resources Corp...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Announces 17 Metres Assaying 0.70% Cobalt, 2.12 % Copper, and 0.58 g/t Gold from Its Bonanza Project, Idaho Cobalt Belt, USAVancouver, British Columbia--(Newsfile Corp. - June 11, 2021) - Battery Mineral Resources Corp. (TSXV: BMR) (\"Battery\" or the \"Company\") is pleased to announce exploration results from its 100% owned Bonanza Project within the Idaho Cobalt Belt, USA.Sample ResultsBattery collected 92 continuous chip samples following mineralization exposed in one of three underground workings testing mineralization along a 2km strike. Sampling intercepted the following:2 meter (\"m\") channel assaying 2.58 percent cobalt (\"% Co\"), 2.7 percent copper (\"% Cu\"), and 1.14 gram per tonne gold (\"g/t Au\"), and17m with a weighted average of 0.70% Co, 2.12% Cu, and 0.58 g/t Au, including a 1m channel assaying 5.51% Co, 1.0% Cu, and 1.28 g/t Au;Five additional 1.0 metre-long channel samples ranged from 0.25% to 5.0% Co, and assays up to 6.91% Cu and 3.57 g/t Au.BackgroundThe Bonanza Project encloses an area of widespread cobalt mineralization, first recognized in the late 1800's as a mineralized horizon offset by faulting from the Blackbird mining district immediately to the southeast, which includes Jervois Mining's Ram Deposit, at the former Blackbird Cobalt Mine, which hosts a Reserve of 2.5 million tonnes of 0.55% Co, 0.8% Cu, and 0.64 g/t Au for 30 million pounds of contained cobalt and is currently under construction.Production from the Blackbird Mine area during 1950-1980 led to district-scale exploration which, at Bonanza, included the development of several adits, trenches and surface sampling. Historic drilling reported several mineralized intersections ranging up to 1.5 metre of 0.76% Co and 5.15% Cu and select rock samples reaching from 1.1% - 4.57% Co.To date, Battery has collected 712 grid-spaced soil and 45 rock samples from its Bonanza Project submitted to ALS laboratories in Vancouver, BC for analysis. The samples outline an approximate 2,000 metre-long by 700 metre-wide area of highly anomalous copper and cobalt mineralization. An additional 3.2 line-kilometre of ground induced polarization line surveys and 550 line-kilometre of airborne magnetic and radiometric surveys from the Project delineate the trend of anomalous mineralization and provide confidence supporting several drill...