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Bluebird Battery Metals Inc.
Summary
| Project: | Canegrass | |
|---|---|---|
| Deposit: | Canegrass | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-Vanadium-Platinum-Palladium | |
| Date: | 11/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-11-2018: Bluebird Battery Metals Inc. announces an Exploration/Drilling Update report for its Canegrass deposit at the Canegrass project. Drilling results incl. 14.25m @ 0.69% Ni, 0.82% Cu, 0.05% Co from 243.15m. Vancouver, British Columbia, November 2 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wes Hanson (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, November 29, 2018 – BlueBird Battery Metals Inc. (TSXV: BATT; US: BBBMF) (the “Company” or “BlueBird”) is pleased to announce results from the first five diamond drillholes from the Company’s Phase One exploration program at its 100%‐controlled Canegrass Project in Western Australia. Gary Nassif, President of Bluebird, comments: “The latest drill results continue to demonstrate the potential for a significant magmatic nickel copper sulphide discovery at Canegrass. We have now established anomalous, potentially economic Ni‐Cu‐Co mineralization over a 4,500‐metre strike length and our latest drilling suggests that the mineralization extends continuously from surface to depths greater than 250 metres. Furthermore, results from the current drill program suggest that the tenor of the Ni‐Cu‐Co mineralization is improving at depth. Our Phase One program is now complete and we are currently evaluating the results and prioritizing follow‐up targets for subsequent drill programs.” The 4,200‐ha project is located within the Windimurra Complex, an ultramafic‐mafic layered intrusion that is highly prospective for Ni‐Cu‐Co and vanadium mineralization in the Mt. Magnet district of Western Australia. Historical exploration drilling intersected anomalous Ni‐Cu‐Co mineralization at two locations within the property footprint and Airborne VTEMTM identified 14 geophysical anomalies in 2013. Drilling in 2014 at two of the identified targets (CG‐02 and CG‐ 039) intersected anomalous Ni‐Cu‐Co mineralization in 9 of 10 holes. Downhole electromagnetic (“EM”) surveys identified off‐hole anomalies that have been confirmed by recent surface EM surveys completed earlier this year. The Company’s 2018 Phase One drill program targeted off‐ hole anomalies at CG‐02 and CG‐039 and surface EM anomalies at targets VTEM‐08 and VTEM‐ 06. In addition, surface rock chip sampling of the magnetite‐rich gabbro‐norites in the northern half of the property has identified a 4.5‐km long anomalous zone of vanadium mineralization with over 300 samples returning grades in excess of 1.0% V2O5. | |
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