Battery Mineral Resources Corp. to announce encouraging drill core assay results from the recently completed Phase 1 2021-2022 exploration and infill diamond drill program focused on extensions of the Cinabrio orebody, the Dalmacia target and the San Andres target within the Punitaqui mine complex in Chile. The Punitaqui mine is slated for resumption of mine operations in the second half of 2022.

The Cinabrio Norte target represents a potential northern extension of the main Cinabrio mine orebody, which was historically the primary source of ore feed to the Punitaqui copper ore concentration plant for eight-plus years. These drill results continue to highlight the presence of strong copper mineralization and the significant vertical extent of the Cinabrio Norte target. The Cinabrio Norte Phase 1 drilling was designed to follow-up on a limited number of historic drillholes that targeted the northern extension of the Cinabrio orebody.

The historic exploration drilling confirmed that the favorable TSU that hosts the copper mineralization within the Cinabrio orebody extends to the north. The TSU has been mapped along a north-south strike from the Cinabrio mine. Of note, the Cinabrio Norte target is only 110m north of the Cinabrio underground workings on level 200m.

Historic hole CNS-20-01, drilled in 2020 by the prior operators, was drilled completely within the TSU resulting in multiple mineralized intercepts and, most notably, confirmed the presence of TSU for over 200m of strike length with significant copper sulphide mineralization (CNS-20-01: 48m at 0.64% Cu, 3m at 0.47% Cu and 6m at 0.45% Cu). The 20221-2022 Phase 1 drilling at Cinabrio Norte consisted of a series of step-out holes to test the TSU along a 400m strike length to a depth below surface, or down-dip, of 350m. The current BMR drilling has outlined a significant zone of high-grade mineralization in the northern portion of the target zone which remains open down-dip.

Complete assay results were recently received for all 18 remaining drill holes from the Phase 1 campaign at Cinabrio Norte. As of this press release, all assays from the entire Phase 1 program (Cinabrio Norte, San Andres and Dalmacia) have now been reported.