- Battery Mineral Resources (BMR) has commenced a diamond drill exploration program at the historic cobalt-silver producing Mapes-Johnston target, located on its Elk Lake property
- The company completed geological work at the property in 2020, including prospecting, geological mapping, and rock sampling
- The drill program will include 11 diamond core exploration holes totaling 1,550 metres and will test possible extensions of the cobalt-silver mineralization at depth and along strike
- Battery Mineral Resources is a multi-commodity resource company
- Battery Mineral Resources Corp. (BMR) is steady, trading at $0.65 per share
Battery Mineral Resources (BMR) has commenced a diamond drill exploration program.
The drill program will take place at the historic cobalt-silver producing Mapes-Johnston target, on its Elk Lake property.
Mapes-Johnston is a highly prospective exploration target because of its historic production and recent successful surface sampling.
The drill program will include 11 diamond core exploration holes totaling 1,550 metres and will test possible extensions of the cobalt-silver mineralization at depth and along strike.
Martin Kostuik, CEO of Battery Mineral Resources, commented,
“Continuing the progression of our 2020 exploration program throughout our extensive land claims package within the Ontario Cobalt Embayment, we are encouraged by the successful 2020 rock sampling results at Mapes and are looking forward to furthering this success with this initial drill test of the highly prospective Mapes target.”
Mining in the Elk Lake area started in 1906 following the discovery of native silver, which gave rise to Elk Lake as a mining camp.
Battery Mineral Resources completed geological work at the property in 2020, including prospecting, geological mapping, and rock sampling to assess potential for significant cobalt-silver mineralization.
Initial assay results returned high grade cobalt values of 5.1 per cent, 2.4 per cent, and 1.9 per cent cobalt with accompanying high to anomalous silver assays of 31 g/t, 97 g/t, and 631 g/t silver.
Battery Mineral Resources is a multi-commodity resource company engaged in the discovery, acquisition and development of battery metals and precious metals mining projects in Canada.
Battery Mineral Resources Corp. (BMR) is steady, trading at $0.65 per share as of 1:45 pm ET.