- Battery Mineral Resources Corp. (BMR) discovers encouraging assay results from its drill program at the Punitaqui Mine
- Strong copper grades and the growing extent continue at the Cinabrio Norte target
- Punitaqui Mine is scheduled to resume copper concentrate production in Q4
- Significant visual copper mineralization has been recorded in 30 of the 41 holes
- Battery Mineral Resources Corp. (BMR) is up 2.94 per cent trading at $0.35 per share at 1:50 p.m. ET
Battery Mineral Resources (BMR) has reported encouraging assay results from its drill program at the Punitaqui Mine in Chile.
The results continue to reinforce the strong copper grades and the growing vertical extent of the Cinabrio Norte target. Punitaqui Mine is scheduled to resume copper concentrate production in Q4.
The Cinabrio Norte target represents a potential northern extension of the main orebody, which was the primary source of ore feed to the Punitaqui plant for over eight years. The target’s phase 1 drill testing will continue to follow-up on a limited number of historic drillholes that targeted the northern extension of the Cinabrio orebody.
The current drilling has outlined a significant zone of high-grade mineralization in the northern portion of the Cinabrio Norte target zone which remains open at depth.
This initial program of step-out holes has been expanded from 24 holes to 45 holes, now totaling 11,000 metres.
Significant visual copper mineralization has been recorded in 30 of the 41 holes completed to date. The remaining planned holes will test drilling gaps between existing underground workings and the northern zone while further testing the mineralization at depth.
Battery Mineral Resources CEO, Martin Kostuik, stated,
“The development of Punitaqui towards a restart is progressing well on all fronts, including drilling, engineering and permit modifications… We look forward to the potential of these latest assay results for the Cinabrio Norte target contributing to the forthcoming restart plan and cashflow at Punitaqui later this year.”
Battery Mineral Resources Corp. (BMR) is up 2.94 per cent trading at $0.35 per share at 1:50 p.m. ET.