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Battery Mineral Resources Announces Further Encouraging Drill Results from the Cinabrio Norte Target at Its Punitaqui Copper Mine in Chile
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2022) - Battery Mineral Resources Cor...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Announces Further Encouraging Drill Results from the Cinabrio Norte Target at Its Punitaqui Copper Mine in ChileVancouver, British Columbia--(Newsfile Corp. - March 15, 2022) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) (\"Battery\" or \"BMR\" or the \"Company\") is extremely pleased to announce encouraging drill core assay results from the ongoing 2021 exploration and infill drill program focused on extensions of the Cinabrio orebody, the Dalmacia target and San Andres targets within the Punitaqui mine complex (\"Punitaqui\") in Chile. Punitaqui is slated for resumption of copper concentrate production in Q4-2022. The Cinabrio Norte target represents a potential northern extension of the main Cinabrio mine orebody, which historically was the primary source of ore feed to the Punitaqui copper ore concentration plant for eight-plus years (see Figure 1). HighlightsAt Cinabrio Norte, 29 holes have been completed for 6,192 meters (\"m\") and drilling is ongoing with three diamond drills. Significant visual copper mineralization has been recorded in 17 of the first 29 holes. The initial phase 1 program of step-out holes has been expanded from 24 holes (3,600m) to 48 holes, totaling 9,000m which will test 400m of strike length to a depth of 330m. Assay results have been returned with encouraging results as follows (see Table 1):CNN-22-07: 41.5 meters (\"m\") at 1.36% Copper (\"Cu\");CNN-21-02: 13m at 1.36% Cu including 7.6m at 2.08% Cu;CNN-22-01: 26m at 1.28% Cu;CNN-22-06: 15m at 1.24% Cu;CNN-21-11: 7m at 1.21% Cu;CNN-21-06: 53m at 0.91% Cu including 20.8m at 1.14% Cu;CNN-21-07: 9.7m at 0.70% Cu;CNN-22-09: 25m at 0.65% Cu.Battery CEO Martin Kostuik states; \"We are continuing to produce encouraging results from the identified targets at our former producing Punitaqui copper mine in Chile. These initial step-out drillhole results at the Cinabrio Norte target have confirmed the strike and down dip extent and thickness of the Targeted Stratigraphic Unit, as well as the fact that it hosts significant copper sulphide mineralization. Cinabrio Norte is about 100 meters north of the original Cinabrio deposit which was the primary source of copper feed to the Punitaqui mill for 8-plus years. This new target still remains to be largely untested and has the potential to provide the Company with an additi...