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Battery Mineral Resources Announces Positive Initial Drill Results from Its Recently Acquired Punitaqui Copper Mine in Chile
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2021) - Battery Mineral Resources ...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Announces Positive Initial Drill Results from Its Recently Acquired Punitaqui Copper Mine in ChileVancouver, British Columbia--(Newsfile Corp. - September 2, 2021) - Battery Mineral Resources Corp. (TSXV: BMR) (\"Battery\" or \"BMR\" or the \"Company\") is pleased to announce encouraging initial drill core assay results from the 2021 exploration and in-fill drill program at the Punitaqui mine complex (\"Punitaqui\") in Chile. Punitaqui is a recently producing copper and gold mine which is slated for resumption of production mid-2022.HighlightsAssay results (see Table 1) have been returned for the first three holes with encouraging results as follows (gold values pending):Drillhole SAS-21-05: 9 meters (\"m\") at 2.06% copper and 20.5 grams per tonne silver (\"g/t Ag\")Drillhole SAS-21-01: 3m grading 1.52% copper and 2.0g/t silver Currently, three drills are operating on-site, and a fourth drill will arrive shortly.2,501 meters of diamond core drilling in 14 drill holes have been completed, or are in progress, at San Andres.Nine drill holes have reached target depth and six have intersected significant mineralization.Samples from eight drill holes have been submitted to ALS for geochemical analysis.The San Andres drill program is designed to confirm and extend the resource definition drilling to the north and the south and extend mineralization at depth.Recent but historic drilling at Sand Andres reported values including SAS-20-07 which resulted in 2.69% copper over a true width of 15.6 m (see Table 2).The San Andres target is one of several historic zones identified by BMR with established underground access for infill and extensional drilling.San Andres is the \"normal\" fault displaced upper portion of the adjacent Cinabrio copper deposit that is part of Punitaqui and was operated for nine plus years by Glencore and Xiana Mining.Battery CEO Martin Kostuik states, \"We are pleased to announce these initial very encouraging copper intercepts from our Punitaqui drilling program. Earlier wide-spaced historic drilling has identified an 800m long zone that is open at depth and in both directions along strike at San Andres. The SAS-21-05 intercept grading 2.06% Copper over a 9-meter downhole interval complements historical drill results and confirms the high-grade nature of the San Andres disseminated s...