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Battery Mineral Resources Corp. Announces Robust NI 43-101 Resource Estimate of 6.2 million Tonnes Indicated and 3.1 million Tonnes Inferred At its Punitaqui Copper Mine Complex
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - Battery Mineral Resources Co...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Corp. Announces Robust NI 43-101 Resource Estimate of 6.2 million Tonnes Indicated and 3.1 million Tonnes Inferred At its Punitaqui Copper Mine ComplexVancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - Battery Mineral Resources Corp. (TSXV: BMR) (\"BMR\" \"Battery\" or the \"Company\") is excited to announce a robust NI 43-101 resource update for its Punitaqui copper mining complex in Region IV of Chile. This resource estimate, completed for Battery by independent consultants JDS Energy & Mining Inc. (\"JDS\"), is a major milestone for the company.The resource estimate is based on our Phase 1 drill program, initiated in August 2021 which totalled 32,526 meters (\"m\") of diamond core drilling and also includes the drilling and mining data from the Cinabrio mine completed by prior operators including Glencore PLC. The BMR Phase 1 drilling focused on three zones at Punitaqui: Dalmacia, San Andres, and Cinabrio Norte. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure.Highlights: This Punitaqui resource update is separated into four underground resource zones: Dalmacia, San Andres, Cinabrio Norte and Cinabrio.Total sulphide indicated resources are 6.2M tonnes grading 1.14% Cu and 2.47 g/t Ag. Total sulphide inferred resources are 3.1M tonnes grading 0.93% Cu and 2.64 g/t Ag.At the Cinabrio mine, the remanent pillars contain sulphide indicated resources of 1.0M tonnes at 1.51% Cu which could be mined in conjunction with the use of mine backfill.Battery CEO and director Martin Kostuik stated; \"We are very proud of the outcome of our Phase 1 drilling and the work done jointly by our team and those at JDS Energy and Mining, Inc. to produce this NI 43-101 resource estimate for Punitaqui. It was always our goal to define 4M to 5M tonnes of total resources at Punitaqui to give us approximately four to five years of potential mining, so we are thrilled to be able to report Indicated resources of over 6M tonnes at grades similar to the historical values seen by previous operators. This resource estimate will be the first of many for Punitaqui and we plan to pursue an aggressive exploration drill program focussed on extensions to the known resources as well as a series of brownfields targets within our Punitaqui Mine Complex lan...