South Star Battery Metals Successfully Completes Maiden Drilling for Its Graphite Project in Alabama, US and Announces Positive Preliminary Results
South Star Battery Metals Corp. has completed its maiden diamond drilling program at the Ceylon Project in Alabama, consisting of 12 holes over 506 meters. The results confirmed significant mineralization with 324.5 meters and an average grade of 2.12% Cg. The drilling demonstrated consistent intervals of mineralization between 1.5% to 4.5% Cg, paving the way for a maiden NI 43-101 resource estimate scheduled for Q1 2023. The company also completed a 3-ton pilot testing program successfully, indicating strong potential for the project's commercial viability amidst growing demand for graphite.
- Successful completion of maiden diamond drilling program with 324.5 meters of mineralization.
- Average weighted grade achieved was 2.12% Cg.
- Significant intervals of mineralization between 1.5% to 4.5% Cg confirmed.
- Maiden NI 43-101 resource estimate planned for Q1 2023.
- Completion of pilot testing program confirmed promising flow sheet and generated necessary concentrate samples.
- None.
Highlights:
- Successful completion of 12 hole maiden diamond drilling program (506m) confirming at- or near-surface mineralization with a total of 324.5 meters of mineralization and an average weighted grade of
2.12% Cg. - All the holes have significant intervals with grades typically ranging from
1.5% to4.5% Cg and consistent mineralized zones. - All information and data will be compiled and used to complete the maiden NI 43-101 resource estimate planned for Q1 2023.
DRILLING RESULTS
The maiden drilling program was based on the previous mapping, trenching and sampling. The program was designed to test the geologic model, lithologies, controls and mineralization. Drill collar locations for the 12 holes in Phase 1 can be viewed on a map on South Star's website and accessed here (Exploration Map). During the drilling, several potentially promising zones were intersected as can be seen in the below photographs (Figure 1).
Assay samples were sent to ActLabs and graphitic carbon (% Cg) was tested using LECO analysis. Actlabs is an accredited independent laboratory with the ISO 9001:2015 & ISO/IEC 17025:2017 registrations. Initial assay results have confirmed the prospectivity of several significant intersections as seen in Table 1 below.
Samples of standards, blanks and duplicates were systematically included with the core samples as part of South Star's ongoing QA/QC protocol.
South Star's next project in the development pipeline is a project in
This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of
On behalf of the Board,
Mr.
Chief Executive Officer
For additional information, please contact:
South Star Investor Relations
Email: invest@southstarbatterymetals.com
+1 (604) 706-0212
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This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
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FAQ
What are the drilling results for South Star Battery Metals (STSBF, STSBD) at the Ceylon Project?
When is the NI 43-101 resource estimate expected from South Star Battery Metals (STSBF, STSBD)?
What are the next steps following the successful drilling at the Ceylon Project by South Star Battery Metals (STSBF, STSBD)?