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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BlueBird Battery Metals Inc | TSXV:BATT | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.14 | 0.135 | 0.145 | 0 | 00:00:00 |
VANCOUVER, Feb. 22, 2019 /CNW/ - BlueBird Battery Metals Inc. (TSXV: BATT; US:BBBMF) (the "Company" or "BlueBird") is pleased to announce that initial sampling at its Ashburton Cobalt Project ("Ashburton") in Western Australia, has returned significant cobalt grades of up to 0.42% at surface, confirming the presence of high-grade mineralization in multiple locations.
Highlights of Two-Phase Exploration Program:
Nav Dhaliwal, Chairman and CEO of BlueBird, commented, "We are delighted by the cobalt grades we have encountered over a large area at Ashbuton, in Western Australia. Further sampling is already underway and will focus on a number of additional prospects during the second phase of field work. The scale of the targets across our extensive land holdings is becoming increasingly clear and is very encouraging. This is an under-explored region and we are looking forward to advancing our exploration activity."
Please visit the website www.bluebirdbatterymetals.com for additional information, maps, sections, and assay tables related to the Ashburton Cobalt Project.
Table 1: Recent Rock Chip Sampling Results and Location Information
Sample | Easting | North | Co ppm | Cu ppm | Fe % | Mn% | Ni ppm | Zn ppm |
CAPR042 | 434,478 | 7,412,365 | 4214 | 935 | 15.28 | 11.978 | 546 | 569 |
CAPR024B | 430,184 | 7,414,361 | 2095 | 735 | 1.02 | 27.815 | 92 | 841 |
CAPR024A | 430,184 | 7,414,361 | 1333 | 452 | 2.42 | 20.72 | 61 | 516 |
CAPR0442 | 488,470 | 7,380,690 | 924 | X | 3.5 | 22.006 | 26 | 93 |
109682 | 480,684 | 7,386,325 | 646 | 385 | 38.6 | 5.5351 | 925 | 815 |
CAPR0437 | 480,925 | 7,385,865 | 467 | 139 | 5.37 | 4.1811 | 396 | 384 |
CAPR0461 | 513,000 | 7,365,230 | 247 | 35 | 43.2 | 0.4721 | 598 | 2428 |
109681 | 480,702 | 7,386,075 | 185 | 173 | 5.78 | 1.7243 | 47 | 57 |
109687 | 479,239 | 7,386,866 | 153 | 136 | 22.94 | 1.6214 | 256 | 304 |
109691 | 479,125 | 7,387,008 | 152 | 125 | 10.67 | 1.2949 | 135 | 158 |
About Ashburton Cobalt Project
The technical content of this news release has been reviewed and approved Wes 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 global 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 currently advancing a portfolio of battery metals focused assets in in Western Australia and reviewing new acquisition opportunities to add to the Company's project portfolio.
On Behalf of the Board of BlueBird Battery Metals Inc.
Nav Dhaliwal
Chairman and CEO
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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/sampling-confirms-high-grade-surface-level-cobalt-at-ashburton-western-australia-300800249.html
SOURCE Bluebird Battery Metals
Copyright 2019 Canada NewsWire
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