Business
Coniagas Applies for Permits to Expand on Current 28.9 m of 2.28 % CuEq in MHY Zone
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Coniagas Battery Metals Inc. (TSX...
About this update from Coniagas Battery Metals Inc.
[{"type":"text","content":"Coniagas Applies for Permits to Expand on Current 28.9 m of 2.28 % CuEq in MHY ZoneVancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Coniagas Battery Metals Inc. (TSXV: COS) (\"Coniagas\" or the \"Company\"), is pleased to provide an update on the ongoing exploration activities at the Graal property, highlighting the potential of this strategically located asset near Saguenay-Lac St. Jean, Quebec.Matt Halliday, P.Geo., member of the Ordre des Géologues du Québec, stated, \"The prospect of finding zones with high copper equivalent values at Graal is encouraging. There have been numerous drill holes over the last program. We will continue to add to these results within known mineralized zones.\"Historical Exploration Highlights:The Company is excited to begin to add to the reported excellent drilling results from the MHY and Gravi zones, confirming shallow, near-surface mineralization. Significant drill intercepts include PGM values added to the equivalents:MHY Zone: Holes GRL-22-60 and GRL-22-61GRL-22-60 returned:28.90 m of 2.28% CuEq, includes 0.73% Nickel (Ni), 0.41% Copper (Cu), 0.09% Cobalt (Co), 0.04 g/t Platinum (Pt), 0.05 g/t Palladium (Pd) GRL-22-61 returned:15.90m of 1.98 % CuEq, includes 0.53% Ni, 0.56% Cu, 0.08% Co, 0.03 g/t Pt, 0.05 g/t PdDDHFrom (m)To (m)Length (m)Ni (%)Cu (%)Co (%)Cu Eq (%)Cu Eq + PGM (%)GRL-22-6051.5080.4028.900.730.410.092.002.28Including61.0074.8013.801.010.570.12Including51.5054.002.501.130.570.13Including56.3059.102.801.130.270.13GRL-22-6162.1078.0015.900.530.560.081.751.98Including71.4078.006.600.940.830.11Including71.4075.003.601.120.310.13Including75.0076.801.800.771.990.09 Gravi Zone: Holes NRC-22-24 and GRL-22-57NRC-22-57 returned:8.40 m of 2.82 % CuEq includes 0.67% Ni, 0.55% Cu, 0.08% Co, 0.08 g/t Pt, 0.035 g/t PdNRC-22-24 returned:33.60 m of 1.32 % CuEq includes 0.32% Ni, 0.46% Cu, 0.04% Co, 0.03 g/t Pt, 0.02 g/t PdDDHFrom (m)To (m)Length (m)Ni (%)Cu (%)Co (%)Cu Eq (%)Cu Eq + PGM (%)GRL-22-5794.10102.508.400.670.550.082.402.82Including96.6099.903.301.030.680.13NRC-22-24121.50155.1033.600.320.460.041.161.32Including121.50124.703.200.950.540.13Including125.50129.203.700.250.220.03Including142.80152.109.300.641.060.08Including149.40152.102.701.071.340.14*For equivalents the prices were taken 2024-06-11: Cu $9,779.12/mt, Ni $17,833.5/mt, Co $27,997/mt, Pt $30.61...