- Battery Mineral Resources (BMR) is releasing the latest set of drill core assay results from its Punitaqui Copper Mine in Chile
- The Vancouver-based precious metals explorer intercepted 48 metres of 1.31 percent copper
- The copper intercept comes from the Cinabrio Norte Target at the Punitaqui Mining Complex
- Results come from Phase 1 of the 2021-2022 exploration and infill diamond drill program
- The company plans to resume active operations at the mine in the second half of this year
- Battery Mineral Resources is down 4.65 percent, trading at $0.20 at 10:55 am ET
Battery Mineral Resources (BMR) is releasing the latest set of drill core assay results from its Punitaqui Copper Mine in Chile.
The Vancouver-based precious metals explorer intercepted 48 metres of 1.31 percent copper.
The copper intercept comes from the Cinabrio Norte Target at the Punitaqui Mining Complex.
Results come from Phase 1 of the 2021-2022 exploration and infill diamond drill program. The program focused on extensions of the Cinabrio orebody, the Dalmacia target and the San Andres target within the mine complex.
Phase 1 drilling at Cinabrio Norte consisted of 53 diamond drill holes covering a total of 13,731 metres.
The company plans to resume active operations at the mine in the second half of this year.
“We are very pleased to report these encouraging results from Cinabrio Norte at our former producing Punitaqui copper mine in Region IV of Chile. Cinabrio Norte began as a collection of a few interesting holes to the immediate north of the original Cinabrio mine. Cinabrio, until May of 2020, produced feed to the Punitaqui copper concentrator for nine-plus years. Today’s reported drillhole results conclude the initial drill program at Cinabrio Norte and, together with the previously reported results, clearly demonstrate a new extension of Cinabrio to the north. These new targets have the potential to provide the Company with an additional source of copper mineralization as feed for the Punitaqui processing plant,” said Battery Mineral Resources CEO Martin Kostuik.
All assays from the entire Phase 1 program have now been reported.
Battery Mineral Resources is down 4.65 percent, trading at $0.20 at 10:55 am ET.