VANCOUVER, Nov. 14, 2018 /CNW/ - BlueBird Battery
Metals Inc. (TSXV: BATT; US:BBBMF) (the "Company" or
"BlueBird") is pleased to announce that the initial
exploration of its 100%-owned Ashburton Project is commencing. The
Ashburton Project, located 315 km south of Karratha and 950 km
north of Perth in Western Australia (Ref. Figure 1), is
comprised of four tenements (189 km2), located along the
highly prospective Talga Fault Zone ("TFZ"). The tenements
include over 30 km of strike length along the TFZ where historical
surface sampling returned anomalous cobalt values greater than
0.10% Co associated with extensive manganese mineralization that
extends for over 60 km along the TFZ (Ref. Table 1). The manganese
mineralization was the focal point of historical sampling programs
but the presence of cobalt mineralization offers significant
exploration upside.
The first phase of exploration will consist of ground
reconnaissance mapping and sampling focused on areas where
historical surface sample results, collected by others, yielded
highly anomalous cobalt values (Ref. Table 1 and Figure 2).
Reconnaissance-scale mapping and sampling will be undertaken to
evaluate selected target areas to verify the historical results. In
addition, the Company plans to collect a number of 15-30 kg samples
that will be analyzed using acid leach analytical methods to
evaluate the recoverability of the cobalt-manganese
mineralization.
Table 1 - Selected Surface Rock Chip Results – Ashburton
Project
Sample
|
Easting
|
Northing
|
Ba
ppm
|
Co
ppm
|
Co %
|
Cu
ppm
|
Mn %
|
Mo
ppm
|
Ni
ppm
|
Zn
ppm
|
109682
|
480684
|
7386325
|
3000
|
3110
|
0.31
|
1570
|
37.6
|
3.5
|
1480
|
1270
|
CAPR0461
|
513000
|
7365230
|
793
|
3060
|
0.31
|
210
|
16.7
|
0.5
|
986
|
1180
|
109691
|
479125
|
7387008
|
1090
|
2500
|
0.25
|
666
|
17.2
|
3.0
|
394
|
452
|
108542
|
477898
|
7389615
|
782
|
2300
|
0.23
|
1440
|
6.5
|
88.0
|
1660
|
331
|
CAPR0024
|
430184
|
7414361
|
65400
|
2150
|
0.22
|
712
|
25.6
|
0.0
|
0
|
696
|
109681
|
480702
|
7386075
|
853
|
2130
|
0.21
|
332
|
17.5
|
12.0
|
392
|
630
|
CAPR0042
|
434478
|
7412365
|
12600
|
1760
|
0.18
|
706
|
13.1
|
18.0
|
540
|
594
|
CAPR0068
|
446709
|
7413236
|
99
|
1670
|
0.17
|
998
|
11.8
|
4.0
|
3560
|
4840
|
109812
|
480680
|
7386330
|
983
|
1430
|
0.14
|
496
|
8.6
|
3.0
|
656
|
370
|
101504
|
477474
|
7389296
|
9400
|
1400
|
0.14
|
372
|
8.3
|
0.5
|
456
|
322
|
109687
|
479239
|
7386866
|
1920
|
1130
|
0.11
|
470
|
11.0
|
4.5
|
410
|
286
|
CAPR0437
|
480925
|
7385865
|
387
|
1090
|
0.11
|
196
|
0.9
|
3.0
|
528
|
634
|
CAPR0442
|
488470
|
7380690
|
47100
|
1050
|
0.11
|
8
|
21.2
|
1.0
|
22
|
82
|
Table 1 includes selected results from historical surface rock
chip sampling of the Ashburton Project. There are no assurances
that the Company will be able to duplicate these results.
"The Company is eager to begin this initial phase of
exploration at Ashburton. Emerging technological advancements in
sulfuric acid leaching of manganese cobalt mineralization elsewhere
in Australia is demonstrating
considerable potential for robust recoveries producing a low cost,
manganese - cobalt sulphate product. This initial exploration work,
in addition to confirming and expanding the historical anomalous
cobalt grades, will provide sufficient sample material to perform
bench-scale metallurgical testing to confirm the viability of
sulfuric leaching of the Ashburton mineralization," commented
Gary Nassif, President of
BlueBird.
About the Ashburton Project
Cobalt and manganese mineralization occurs largely within a 4-km
thick sequence of sediments and dolomites paralleling the NW trend
of the TFZ. The TFZ is a regional-scale structural suture zone
between the meta-sedimentary and meta-volcanic rocks of the
Ashburton Basin with the meta-sedimentary and meta-igneous rocks of
the Gascoyne Complex.
Historical surface rock geochemical sampling completed by others
was focused on evaluating the extensive manganese mineralization
within the sediments and dolomites paralleling the TFZ. This sample
population was not extensively assayed for cobalt until late in the
history of the Project. The limited amount of samples assayed for
cobalt returned values ranging from trace to 0.311% (Ref. Table 1).
The initial exploration program will focus largely on the Jessica
Bore tenements (Ref. Figure 2), where historical sampling returned
the highest number of anomalous cobalt values. The Company
anticipates receiving results from this initial phase of
exploration by the end of 2018.
"The commencement of field-based exploration across the
Ashburton Cobalt-Manganese Project represents the first campaign
undertaken across the property that specifically targets the cobalt
potential. Cobalt results returned to date from the property
are extremely encouraging and our goal with this initial phase of
exploration work is to delineate the scale-potential of these
targets," commented Nav
Dhaliwal, CEO of BlueBird.
The technical content of this news release has been reviewed and
approved Wesley Hanson, P.Geo., a
director of the Company and a Qualified Person pursuant to National
Instrument 43-101. The qualified person has not yet visited the
Ashburton Project and therefore has not yet verified the data
disclosed, including sampling, analytical, and test data underlying
the information or opinions contained in the written
disclosure.
About BlueBird Battery Metals
BlueBird Battery Metals (TSXV: BATT; US: BBBMF) is
a Canadian publicly listed company focused on the exploration and
development of strategic battery metals projects, primarily cobalt
and nickel. BlueBird's goal is to pursue a business model that
offers direct and long-term leverage to the price appreciation in
nickel and cobalt, two principal materials in EV batteries. The
Company plans to become a leader in the battery metals sector as
cobalt is currently in a global supply deficit, has a vulnerable
supply chain, and is part of an emerging sector with extraordinary
potential. BlueBird is advancing its portfolio of battery
metals-focused assets in Western
Australia and is currently reviewing new acquisition
opportunities to add to the Company's project portfolio.
On Behalf of the Board of BlueBird Battery Metals
Inc.
Nav Dhaliwal
Chief Exeuctive Officer
This news release may contain or refer to forward-looking
information based on current expectations, including, but not
limited to the Company achieving success in exploring its
properties and the impact on the Company of these events, including
the effect on its share price. Forward-looking information is
subject to significant risks and uncertainties, as actual results
may differ materially from forecasted results. Forward-looking
information is provided as of the date hereof and we assume no
responsibility to update or revise such information to reflect new
events or circumstances. References to other issuers with nearby
projects is for information purposes only and there are no
assurances the Company will achieve similar results.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor
their Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE Bluebird Battery Metals