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Bluebird Battery Metals to Acquire High Grade Cobalt Project in New South Wales Australia
Bluebird Battery Metals to Acquire High Grade Cobalt Project in New South Wales Australia ...
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[{"type":"text","content":"\n\n\n\nBluebird Battery Metals to Acquire High Grade Cobalt Project in New South Wales Australia\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 7, 2018\n\n\n\nVANCOUVER, June 7, 2018 /CNW/ - Bluebird Battery Metals Inc. (TSXV: BATT; US: BBBMF) (the \"Company\" or \"Bluebird\") is pleased to announce that it has entered into a binding letter of intent (\"LOI\") to acquire 100% of Oberon Gold Pty. Ltd. (\"Oberon\"), an Australian proprietary limited exploration company, from Providence Gold and Minerals Pty Ltd, Darren Craig Glover and Benjamin Leigh Harper (the \"Owners\").  Oberon controls 100% the high-grade Sandy Point Cobalt Project (\"Sandy Point\"), which includes the Greendale Polymetallic Project (\"Greendale\"), and 100% of the Reedy Creek Polymetallic Project (\"Reedy Creek\").  All projects are located in New South Wales, Australia (refer to Figure 1).\n\nHighlights:\n\nSolidifies BlueBird with a 202 sq km strategic property position within the emerging Bungonia Battery Metal Cobalt District.\n\n\n100% Acquisition of the high grade Sandy Point Cobalt Project:\n\nSurface rock chip sampling program yielded 1.75% Co, 0.88% Co, 0.77% Co & 0.75% Co (from 38 rock chips greater than 0.10% cobalt, and averaging 0.35% Co – refer to Table 1), and illustrate potential to discover a high grade, at or near surface cobalt resource.\n100% control of a 202 sq km tenement (refer to Figure 2 & 3) with anomalous cobalt grades over a 10 km strike length defining the perimeter of what is believed to be an arcuate Quaternary basin measuring 6 kms x 6 kms (refer to Figure 4), with excellent infrastructure and access.\nSurface sampling returned high Cobalt grades in what is believed to be Tertiary sandstone remnants along the periphery of the basin, suggesting potential for additional cobalt mineralization in the unexposed sandstones below the shallow Quaternary cover.\nPast producing cobalt area from the late 1800's to early 1900's, with Cobalt mineralization occuring as flat lying residual mineralization on low hills...