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Battery Mineral Resources Announces Intercept of 34 Meters of 1.35% Copper from the Cinabrio Norte Target at Its Punitaqui Copper Mine in Chile
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2022) - Battery Mineral Resources Cor...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Announces Intercept of 34 Meters of 1.35% Copper from the Cinabrio Norte Target at Its Punitaqui Copper Mine in ChileVancouver, British Columbia--(Newsfile Corp. - April 26, 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 - 2022 exploration and infill drill program focused on extensions of the Cinabrio orebody, the Dalmacia target and San Andres target within the Punitaqui mine complex (\"Punitaqui\") in Chile. These drilling results continue to highlight the strong copper grades and the growing vertical extent of the Cinabrio Norte target.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). HighlightsNew assay results for Cinabrio Norte include the following (see Table 1):CNN-22-08: 33.4 meters (\"m\") at 1.08% Copper (\"Cu\") including 18.9m at 1.23% CuCNN-22-21: 34.1m at 1.35% Cu including 19.5m at 1.60% CuCNN-22-16: 22.5m at 1.15% CuCNN-22-13: 4.9m at 1.25% CuCNN-22-10: 3.3m at 0.82% Cu At Cinabrio Norte, 41 holes have been completed for 9,472 meters (\"m\") and drilling is ongoing with two diamond drills. Significant visual copper mineralization has been recorded in 30 of the 41 holes.To date, the drilling has outlined a significant zone of high-grade mineralization in the northern portion of the target area which remains open at depth. The initial phase 1 program of step-out holes has been expanded from 24 holes (3,600m) to 45 holes, totaling 11,000m which will test 400m of strike length to a depth of 330m. 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 recent drillhole results at the Cinabrio Norte target have produced very positive copper grades and further highlighted the down-dip extent and thickness. Cinabrio Norte is about 100 meters north of the original Cinabrio deposit which was the primary source of copper ore feed to the Punitaqui mill for eig...