Intersects 17M @ 0.70% Cobalt, 2.12 % Copper And 0.58 g/t Gold In Cobalt Belt
Battery Mineral Resources Corp. (TSXV: BMR) has obtained promising exploration results from its 100% owned Bonanza Project within the Idaho Cobalt Belt, USA.
Battery collected 92 continuous chip samples following mineralisation exposed in one of three underground workings testing mineralisation along a two km strike. Sampling intercepted the following:
- 2.0m channel assaying 2.58% cobalt (Co), 2.7% copper (Cu), and 1.14 gram per tonne gold (g/t Au), and
- 17m with a weighted average of0.70% Co, 2.12% Cu, and 0.58 g/t Au, including a 1.0m channel assaying 5.51% Co, 1.0% Cu, and 1.28 g/t Au; and
- Five additional 1.0m-long channel samples ranged from 0.25% to 5.0% Co, and assays up to 6.91% Cu and 3.57 g/t Au.
The Bonanza Project encloses an area of widespread cobalt mineralisation, first recognised in the late 1800’s as a mineralised horizon offset by faulting from the Blackbird mining district immediately to the southeast, which includes Jervois Mining’s Ram Deposit, at the former Blackbird Cobalt Mine, which hosts a Reserve of 2.5 million tonnes of 0.55% Co, 0.8% Cu, and 0.64 g/t Au for 30 million pounds of contained cobalt and is currently under construction.
Production from the Blackbird Mine area during 1950-1980 led to district-scale exploration which, at Bonanza, included the development of several adits, trenches and surface sampling. Historic drilling reported several mineralised intersections ranging up to 1.5m of 0.76% Co and 5.15% Cu and select rock samples reaching from 1.1% – 4.57% Co.
To date, Battery has collected 712 grid-spaced soil and 45 rock samples from its Bonanza Project submitted to ALS laboratories in Vancouver, BC for analysis. The samples outline an approximate 2,000m-long by 700m wide area of highly anomalous copper and cobalt mineralization.
An additional 3.2 line-kilometre of ground induced polarisation line surveys and 550 line-kilometre of airborne magnetic and radiometric surveys from the Project delineate the trend of anomalous mineralization and provide confidence supporting several drill targets.
The assay results confirm the high potential of the Bonanza Project to host a substantial volume of stratibound mineralisation, interpreted as a structurally-displaced block within the principle epicentre for cobalt and copper mineralisation in the entire Idaho Cobalt Belt, and represents a significant drill-ready target for future exploration programmes.
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