(via TheNewswire)
The Jupiter Property
The Jupiter Property was optioned to explore for Lithium (LCT) Pegmatites, and Rare Earth Elements (“REE”). Theproperty is an early-stage exploration opportunity which comprises a total of 122 Quebec mineral exploration claims which amount to a total of 6406 hectares. Up to 33 pegmatite occurrences have been identified by government mapping completed over the property. Rock samples collected adjacent to the property returned up to 315ppm lithium. These claims are strategically located within the
Property Highlights
The Jupiter property is located within the La Grande geological sub-province, near the boundary with the Opinaca Sub province the within a favourable host rock comprising “typically porphyritic and magnetic tonalite; with minor injections of pink pegmatite”.
Up to 33 pegmatite occurrences have been identified by government mapping completed over the property. Rock samples collected adjacent to the property returned up to 315ppm lithium.
The acquired claims are located over regionally elevated lake bottom sediment geochemical anomalism for Lithium, with values up to 100ppm along the down ice trend of the property.
Float Plane and Helicopter accessible, approximately 175 km south of
Radisson , and 25 km southwest of theEleonore Mine and Airstrip. The northern infrastructure corridor comprising ‘Rte de la Baie-James’ provincial highway and three Power transmission lines is located approximately 35 – 50km east of the property.
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Figure 1: Jupiter Property Geology and mineral showings and mapped outcrop. Figure 2 Jupiter Property location and surrounding claims disposition.
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Figure 2: Location of the
Transaction Terms:
In consideration for optioning the Jupiter Property, the Company has agreed to pay the vendor
Green Battery Metal Critical Minerals Property Portfolio:
Jupiter–
Stallion–
Boudrias–
About the
The current mineral resource at the
Table 1: In-pit Resource at
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The mineral resource estimates above are described in the technical report entitled, NI 43-101 Technical Report Mineral Resource Estimate on the Lac Gueret South Graphite Property,
https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf
Qualified Person:
QAQC Comments / References:
The historical sample results described above are derived from public domain datasets freely available online at SIGÉOM. https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr?l=A
- James Bay Lithium Project Feasibility Study and Maiden Ore Reserve,
December 2021 filed by Allkem on SEDAR onJanuary 11, 2022 - Rose Lithium-Tantalum Project Feasibility Study NI 43-101 Technical Report filed by Critical Elements on SEDAR on
July 27, 2022 - Report on the Estimate to Complete for the
Whabouchi Lithium Mine andShawinigan Electrochemical Plant Nemaska Project ,May 31, 2019 filed by Nemaska on SEDAR onAugust 9, 2019 - Positive Authier Definitive Feasibility Study Reaffirms Potential of
Sustainable New Lithium Mine , ASX Announcement onSeptember 24, 2018 Sayona Acquiring Moblan Project in Boost for Quebec Lithium Base, ASX Announcement onSeptember 30, 2021 - Positive Pre-Feasibility Study Enhances NAL Value, ASX Announcement on
May 23, 2022
About
On Behalf of the Board of Directors
‘Thomas Yingling‘
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740
info@greenbatteryminerals.com www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information:
Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the drill program described in this news release, conduct the Offering and expend funds on Berkwood GraphiteProject exploration. It is important to note that the Company’s actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company’s operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedar.com. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we will not update these forward-looking statement risk factors.
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