- Battery Mineral Resources Corp. (BMR) has commenced its Phase 2 diamond drilling program at the Fabré West Prospect
- The current 1,500-metre program will follow-up earlier successful cobalt silver mineralized intercepts and test the southwest extension of a coincident geophysical anomaly
- The Fabré Project is in the Ontario-Quebec cobalt embayment which has historical production of 525 million ounces of silver and 50 million pounds of cobalt
- The completed 3D inversion model confirmed the high-amplitude chargeability anomaly southwest of the 2019 drilling and near the historic high-grade cobalt silver drill intercepts
- Battery Mineral Resources Corp. (BMR) is up 3.922 per cent and is trading at $0.53 per share at 1:50 p.m. ET
Battery Mineral Resources Corp. (BMR) has commenced its Phase 2 diamond drilling program at the Fabré West prospect.
The current 1,500-metre program will follow up on previous successful cobalt silver mineralized intercepts and test the southwest extension of a coincident geophysical anomaly.
The Fabré Project is in the Ontario-Quebec cobalt embayment which has historical production of 525 million ounces of silver and 50 million pounds of cobalt.
The property is underlain by Neoarchean intermediate to felsic metavolcanic rocks, metasedimentary rocks, and the older granitoid basement of the Abitibi Subprovince.
A 2020 detailed review of exploration work on the Fabré West prospect resulted in a complete follow-up high resolution three-dimensional induced polarization survey focused on the area southwest of the 2019 drilling.
The drilling showed a second chargeability anomaly at the edge of the 2018 survey.
In early 2019, a Battery Mineral diamond drill program of 18 holes over 2,917 metres targeted Archean rocks for cobalt-silver mineralization.
An integrated 3D IP inversion model that combined all the available data from 2018 and 2020 was developed and interpreted.
The new 3D inversion model confirmed the high-amplitude chargeability anomaly southwest of the 2019 drilling and near the historic high-grade cobalt silver drill intercepts.
The Archean units are overlain by sandstones, feldspathic sandstones, and polymictic conglomerates of the Proterozoic Huronian Supergroup have been assigned to a member of the Cobalt Formation.
A large northeast-trending intrusion occurs in the central and eastern parts of the Fabré property.
Extensive historic work took place on the Fabré West claim blocks following the discovery of high-grade silver veins near Cobalt, Ontario.
The historic surface and drill core samples confirmed the area contained anomalous amounts of cobalt silver.
Battery Mineral Resources Corp. (BMR) is up 3.922 per cent and is trading at $0.53 per share at 1:50 p.m. ET.
