Battery Mineral Resources announces intercept of 34 meters of 1.35% copper from the Cinabrio Norte Target at its Punitaqui copper mine in Chile

Battery Mineral Resources Corp. has announced encouraging drill core assay results from the ongoing 2021 – 2022 exploration and infill drill program focused on extensions of the Cinabrio orebody, the Dalmacia target and San Andres target within the Punitaqui mine complex (“Punitaqui”) in Chile. These drilling results continue to highlight the strong copper grades and the growing vertical extent of the Cinabrio Norte target.

Punitaqui is slated for resumption of copper concentrate production in Q4-2022. The Cinabrio Norte target represents a potential northern extension of the main Cinabrio mine orebody, which historically was the primary source of ore feed to the Punitaqui copper ore concentration plant for eight-plus years.

Battery CEO, Martin Kostuik states; “We are continuing to produce encouraging results from the identified targets at our former producing Punitaqui copper mine in Chile. These recent drillhole results at the Cinabrio Norte target have produced very positive copper grades and further highlighted the down-dip extent and thickness. Cinabrio Norte is about 100 meters north of the original Cinabrio deposit which was the primary source of copper ore feed to the Punitaqui mill for eight-plus years. This new target has the potential to provide the Company with an additional source of copper mineralization as ore feed for the Punitaqui processing plant.”

Furthermore, CEO Kostuik remarks: “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.”


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