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Battery X Metals has announced results from its 2024 exploration program at the Belanger Project near Red Lake, Ontario. The project, spanning 109 unpatented mining claims, revealed significant mineral findings across multiple zones. The Williamson Zone showed notable results with 11.8 g/t gold, 4.59% copper, and 59.7 ppm silver.
A new gold discovery 700m northeast of the Williamson Zone yielded 1.74 g/t gold. Other significant findings include the South Bay Road area (1.52 g/t gold, 0.7% copper, 0.7% zinc) and the Hemming Zone (1.52 g/t gold). The company has an option to acquire 100% interest in the project for remaining payments totaling $16,500, subject to a 3% net smelter returns royalty.
Battery X Metals ha annunciato i risultati del suo programma di esplorazione 2024 presso il Belanger Project vicino a Red Lake, Ontario. Il progetto, che si estende su 109 concessioni minerarie non brevettate, ha rivelato importanti scoperte minerarie in diverse zone. La Williamson Zone ha mostrato risultati significativi con 11,8 g/t di oro, 4,59% di rame e 59,7 ppm di argento.
Una nuova scoperta d’oro a 700 metri a nord-est della Williamson Zone ha prodotto 1,74 g/t di oro. Altre scoperte significative includono l’area di South Bay Road (1,52 g/t di oro, 0,7% di rame, 0,7% di zinco) e la Hemming Zone (1,52 g/t di oro). L’azienda ha un’opzione per acquisire il 100% dell’interesse nel progetto per pagamenti rimanenti totali di $16.500, soggetti a una royalty del 3% sui ricavi di fusione.
Battery X Metals ha anunciado resultados de su programa de exploración 2024 en el Belanger Project cerca de Red Lake, Ontario. El proyecto, que abarca 109 denuncias mineras no patentadas, reveló importantes hallazgos minerales en múltiples zonas. La Williamson Zone mostró resultados notables con 11.8 g/t de oro, 4.59% de cobre y 59.7 ppm de plata.
Un nuevo descubrimiento de oro a 700 metros al noreste de la Williamson Zone arrojó 1.74 g/t de oro. Otros hallazgos significativos incluyen el área de South Bay Road (1.52 g/t de oro, 0.7% de cobre, 0.7% de zinc) y la Hemming Zone (1.52 g/t de oro). La compañía tiene una opción para adquirir el 100% del interés en el proyecto por pagos restantes que suman $16,500, sujeto a una regalía del 3% sobre los ingresos de fundición.
Battery X Metals는 온타리오주 레드 레이크 근처의 Belanger Project에 대한 2024년 탐사 프로그램 결과를 발표했습니다. 이 프로젝트는 109개의 비특허 광산 청구권으로 구성되어 있으며, 여러 지역에서 중요한 광물 발견을 드러냈습니다. Williamson Zone은 11.8 g/t 금, 4.59% 구리, 59.7 ppm 은을 기록하며 주목할 만한 결과를 보여주었습니다.
Williamson Zone에서 북동쪽으로 700m 떨어진 곳에서 새로운 금 발견이 1.74 g/t 금을 yielded했습니다. 다른 주요 발견으로는 South Bay Road 지역(1.52 g/t 금, 0.7% 구리, 0.7% 아연)과 Hemming Zone(1.52 g/t 금)이 있습니다. 이 회사는 남은 지불금 $16,500에 대한 옵션을 보유하고 있으며, 3%의 순환합금 수익 로열티가 적용됩니다.
Battery X Metals a annoncé les résultats de son programme d’exploration 2024 au Belanger Project près de Red Lake, Ontario. Le projet, s’étendant sur 109 revendications minières non brevetées, a révélé des découvertes minérales significatives dans plusieurs zones. La Williamson Zone a montré des résultats notables avec 11,8 g/t d’or, 4,59 % de cuivre et 59,7 ppm d’argent.
Une nouvelle découverte d’or à 700 mètres au nord-est de la Williamson Zone a donné 1,74 g/t d’or. D’autres découvertes importantes incluent la zone de South Bay Road (1,52 g/t d’or, 0,7 % de cuivre, 0,7 % de zinc) et la Hemming Zone (1,52 g/t d’or). L’entreprise a une option pour acquérir 100 % de l’intérêt dans le projet pour des paiements restants totalisant 16 500 $, sous réserve d’une redevance de 3 % sur les recettes de fusion.
Battery X Metals hat die Ergebnisse seines Explorationsprogramms 2024 im Belanger Project in der Nähe von Red Lake, Ontario, bekannt gegeben. Das Projekt erstreckt sich über 109 nicht patentierte Bergbauansprüche und brachte bedeutende Mineralfunde in mehreren Zonen ans Licht. Die Williamson Zone erzielte bemerkenswerte Ergebnisse mit 11,8 g/t Gold, 4,59% Kupfer und 59,7 ppm Silber.
Ein neuer Goldfund 700 Meter nordöstlich der Williamson Zone ergab 1,74 g/t Gold. Weitere bedeutende Funde umfassen das Gebiet South Bay Road (1,52 g/t Gold, 0,7% Kupfer, 0,7% Zink) und die Hemming Zone (1,52 g/t Gold). Das Unternehmen hat die Option, 100% des Projekts für verbleibende Zahlungen von insgesamt 16.500 USD zu erwerben, die einer 3%igen Gewinnroyalty unterliegen.
Positive
- High-grade gold discovery at Williamson Zone (11.8 g/t)
- Significant copper mineralization at Williamson Zone (4.59%)
- Multiple new mineral zones identified across the property
- Low acquisition cost of remaining payments ($16,500 total)
Negative
- 3% net smelter returns royalty obligation on future production
VANCOUVER, BC / ACCESSWIRE / January 6, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXD)(FSE:R0W, WKN:A3EMJB)(“Battery X Metals” or the “Company“) announces the results of its 2024 exploration program conducted on the Belanger Project, located in Ontario’s Birch-Uchi Greenstone Belt near Red Lake. The program, designed to evaluate the property’s gold and base metal potential, included prospecting, rock sampling, and lake sediment sampling.
The Belanger Project, located in Ontario’s Birch-Uchi Greenstone Belt near Red Lake, spans 109 unpatented mining claims across Belanger, Bowerman, Knott, and Mitchell townships. The Company has the option to acquire a 100% interest in the Belanger Project pursuant to the terms of an Option Agreement dated November 30, 2023, as amended, subject to a 3% net smelter returns royalty. To exercise the option and acquire the Belanger Project, the Company is required to pay three remaining cash payments of $5,500 each on or before February 28, 2025, April 30, 2025 and June 30, 2025 (for an aggregate total of $16,500).
The Belanger Project features prospective geology, including metavolcanics, felsic intrusions, and shear zones, with historical mineralization confirmed at multiple zones. The Belanger Project is accessible year-round via logging roads, with nearby infrastructure supporting exploration and potential future development.
Summary of Exploration Results:
Williamson Zone:
New Gold Discovery (700m Northeast of Williamson Zone):
South Bay Road (Km 63):
Joey Prospect Area:
A newly identified occurrence returned:
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Gold (Au): 135 ppb
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Copper (Cu): 0.15%
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Zinc (Zn): 484 ppm
Hemming Zone:
Discussion of Findings: The exploration program confirmed historical mineralization while identifying several new zones of gold and base metal potential. These results align with the geological characteristics of the Birch-Uchi Greenstone Belt, known for hosting mineral deposits.
Foundations for Clean Energy and Strategic Metals
Battery X Metals is dedicated to advancing the global clean energy transition by developing technologies that diagnose and extend the lifespan of electric vehicle (EV) batteries, recover battery-grade materials from end-of-life lithium-ion batteries, and acquire and explore battery and critical metal assets. As demand for these metals intensifies, the Company is committed to implementing sustainable practices that minimize environmental impact. Through a comprehensive approach encompassing lithium-ion battery recycling, lifespan extension, and battery and critical mineral exploration, Battery X Metals aims to set new industry standards, contributing to a cleaner, greener future.
Qualified Person and Disclosure Statement
Jason Arnold, P.Geo., President of DCX Geological Consulting and an independent Qualified Person as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The information provides an indication of the exploration potential of the Belanger Project but may not be representative of expected results. The Qualified Person has verified the data disclosed in this release, including sampling procedures, assay results, and interpretation of results.
About Battery X Metals Inc.
Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A3EMJB) is committed to advancing North America’s clean energy transition through the development of proprietary technologies and domestic battery and critical metal resource exploration. The Company focuses on extending the lifespan of electric vehicle (EV) batteries, through its portfolio company, LIBRT1, recovering battery grade metals from end-of-life lithium-ion batteries, and the acquisition and exploration of battery and critical metals resources. For more information, visit batteryxmetals.com.
1 49% owned Portfolio Company, Lithium-ion Battery Renewable Technologies Inc. (LIBRT)
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: mbellini@batteryxmetals.com
Tel: (604) 741-0444
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding the Company’s plans and expectations related to the Belanger Project and further exploration and development of the Belanger Project. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to: unfavorable exploration results; challenges in obtaining regulatory approvals; technical challenges in exploration or development; market volatility; changes in commodity prices; and the inherent risks associated with early-stage mineral exploration and development. Additional risks and uncertainties include the Company’s ability to fund ongoing exploration activities, potential changes in regulatory frameworks, operational delays, and environmental or permitting challenges. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. Battery X Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Further details on the risks associated with the Company’s activities can be found in Battery X Metals’ filings available on SEDAR+.
SOURCE: Battery X Metals
View the original press release on accesswire.com
FAQ
What are the main gold and copper grades discovered at BATXD’s Williamson Zone?
The Williamson Zone revealed high-grade mineralization with 11.8 g/t gold and 4.59% copper, along with 59.7 ppm silver.
How much does BATXD need to pay to acquire 100% of the Belanger Project?
Battery X Metals needs to make three remaining payments of $5,500 each (total $16,500) by February 28, April 30, and June 30, 2025.
What were the results from BATXD’s new gold discovery near the Williamson Zone?
The new gold discovery, located 700m northeast of the Williamson Zone, yielded 1.74 g/t gold from rusty mafic volcanics with quartz veinlets.
What mineral grades were found at BATXD’s South Bay Road location?
The South Bay Road location returned 1.52 g/t gold, 0.7% copper, and 0.7% zinc from sheared intermediate intrusive rocks.
What royalty obligation does BATXD have on the Belanger Project?
The Belanger Project is subject to a 3% net smelter returns royalty.
