Coniagas Applies for Permits to Expand on Current 28.9 M of 2.28 % CuEq in MHY Zone
Coniagas Applies for Permits to Expand on Current 28.9 M of 2.28 % CuEq in MHY Zone
The Company is excited to begin to add to the reported excellent drilling results from the MHY and Gravi zones, confirming shallow, near-surface mineralization. Significant drill intercepts include PGM values added to the equivalents:Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company"), is pleased to provide an update on the ongoing exploration activities at the Graal property, highlighting the potential of this strategically located asset near Saguenay-Lac St. Jean, Quebec.
温哥华，不列颠哥伦比亚省-（新闻稿公司-2024年6月12日） - 法郎电池金属公司（TSXV：COS）（"法郎电池金属"或"公司"）非常高兴地就Graal物业的勘探活动提供最新进展，并强调了这个位于魁北克省XX附近战略位置上的资产的潜力。
Matt Halliday, P.Geo., member of the Ordre des Géologues du Québec, stated, "The prospect of finding zones with high copper equivalent values at Graal is encouraging. There have been numerous drill holes over the last program. We will continue to add to these results within known mineralized zones."
麦特·哈利戴（Matt Halliday）是魁北克省地质师协会（Ordre des Géologues du Québec）的成员，他说:"在Graal找到高铜等价值区块的前景是鼓舞人心的。在上一期间，有很多钻探孔。我们将继续在已知的矿化带内添加这些结果。"
Historical Exploration Highlights:
历史勘探亮点：
The Company is excited to begin to add to the reported excellent drilling results from the MHY and Gravi zones, confirming shallow, near-surface mineralization. Significant drill intercepts include PGM values added to the equivalents:
公司很高兴开始在MHY和Gravi区域报告的优异钻探结果上添加，确认浅层、近地表矿化。重要的钻探拦截包括等价物中加入的PGM值：
MHY Zone: Holes GRL-22-60 and GRL-22-61
MHY区域：孔中GRL-22-60和GRL-22-61
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GRL-22-60 returned:
28.90 m of 2.28% CuEq, includes 0.73% Nickel (Ni), 0.41% Copper (Cu), 0.09% Cobalt (Co), 0.04 g/t Platinum (Pt), 0.05 g/t Palladium (Pd)
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GRL-22-61 returned:
15.90m of 1.98 % CuEq, includes 0.53% Ni, 0.56% Cu, 0.08% Co, 0.03 g/t Pt, 0.05 g/t Pd
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GRL-22-60拦截：
28.90米，铜当量值为2.28%，包含0.73%镍（Ni），0.41%铜（Cu），0.09%钴（Co），0.04 g/t铂金（Pt），0.05 g/t钯金（Pd）含0.73％的镍（Ni），0.41％的铜（Cu），0.09％的钴（Co），0.04克/吨的铂（Pt），0.05克/吨的钯（Pd）
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GRL-22-61拦截：
15.90 米，铜当量值为1.98％，其中包括0.53％镍（Ni），0.56％铜（Cu），0.08％钴（Co），0.03 g/t铂金（Pt），0.05 g/t钯金（Pd）含0.53％Ni，0.56％Cu，0.08％Co，0.03克/吨Pt，0.05克/吨Pd
| DDH | From (m) | To (m) | Length (m) | Ni (%) | Cu (%) | Co (%) | Cu Eq (%) | Cu Eq + PGM (%) |
| GRL-22-60 | 51.50 | 80.40 | 28.90 | 0.73 | 0.41 | 0.09 | 2.00 | 2.28 |
| Including | 61.00 | 74.80 | 13.80 | 1.01 | 0.57 | 0.12 | ||
| Including | 51.50 | 54.00 | 2.50 | 1.13 | 0.57 | 0.13 | ||
| Including | 56.30 | 59.10 | 2.80 | 1.13 | 0.27 | 0.13 | ||
| GRL-22-61 | 62.10 | 78.00 | 15.90 | 0.53 | 0.56 | 0.08 | 1.75 | 1.98 |
| Including | 71.40 | 78.00 | 6.60 | 0.94 | 0.83 | 0.11 | ||
| Including | 71.40 | 75.00 | 3.60 | 1.12 | 0.31 | 0.13 | ||
| Including | 75.00 | 76.80 | 1.80 | 0.77 | 1.99 | 0.09 |
| DDH | 从(m) | 到(m) | 长度（米） | Ni（%） | 铜（％） | 钴（%） | 铜当量（%） | 铜当量 + 贵金属（%） |
| GRL-22-60 | 51.50 | 80.40 | 28.90 | 0.73 | 0.41 | 0.09 | 2.00 | 2.28 |
| 包括 | 61.00 | 74.80 | 13.80 | 1.01 | 0.57 | 0.12 | ||
| 包括 | 51.50 | 54.00 | 2.50 | 1.13 | 0.57 | 0.13 | ||
| 包括 | 56.30 | 59.10 | 2.80 | 1.13 | 0.27 | 0.13 | ||
| GRL-22-61 | 62.10 | 78.00 | 15.90 | 0.53 | 0.56 | 0.08 | 根据公司的固定费用覆盖率，利率为1.25% 至 1.75%每年，或者（b）有一个“备选主板利率”，并可减少至0.75%每年，取决于公司的固定费用覆盖率。截至2021年7月3日，公司的基于LIBOR的利率为% （对于$），公司的主板基准利率为% （对于$）。根据未取出的贷款利率，每月应支付承诺费，利率为%每年。根据与摩根大通银行（“贷款协议”）的信贷协议的条款，现金收据将被存入锁匣中，并由公司自行决定，除非处于“现金控制期”，在此期间，现金收据将用于减少贷款协议下的应付金额。现金控制期在事件违约或可用余额连续三个工作日低于$时触发，并将继续到先前的连续天数中存在任何违约事件且多余的可用余额始终大于$（这样的触发器根据公司的循环承诺进行调整）。此外，如果依据信贷协议所定义的“额外可用余额”小于$，则公司应维持最低固定费用覆盖率为1.0至1.0 （触发器根据公司的循环承诺进行调整）。截至2021年7月3日，公司的可用余额为$25,764。信贷协议要求我们在判断任何应支付股息或进行任何普通股分配时获得摩根大通银行的事先书面同意。信贷设施于2022年12月16日到期。若欲以普通股分红派息，须获得摩根大通银行的事先书面同意。 | 1.98 |
| 包括 | 71.40 | 78.00 | 6.60 | 0.94 | 0.83 | 0.11 | ||
| 包括 | 71.40 | 75.00 | 3.60 | 1.12 | 0.31 | 0.13 | ||
| 包括 | 75.00 | 76.80 | 1.80 | 0.77 | 1.99 | 0.09 |
Gravi Zone: Holes NRC-22-24 and GRL-22-57
Gravi区域：孔洞NRC-22-24和GRL-22-57
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NRC-22-57 returned:
8.40 m of 2.82 % CuEq includes 0.67% Ni, 0.55% Cu, 0.08% Co, 0.08 g/t Pt, 0.035 g/t Pd
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NRC-22-24 returned:
33.60 m of 1.32 % CuEq includes 0.32% Ni, 0.46% Cu, 0.04% Co, 0.03 g/t Pt, 0.02 g/t Pd
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NRC-22-57的结果为：
2.82％CuE的8.40米含0.67％Ni，0.55％Cu，0.08％Co，0.08克/吨Pt，0.035克/吨Pd
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NRC-22-24的结果为：
1.32％CuEq的33.60米含0.32％Ni，0.46％Cu，0.04％Co，0.03克/吨Pt，0.02克/吨Pd
| DDH | From (m) | To (m) | Length (m) | Ni (%) | Cu (%) | Co (%) | Cu Eq (%) | Cu Eq + PGM (%) |
| GRL-22-57 | 94.10 | 102.50 | 8.40 | 0.67 | 0.55 | 0.08 | 2.40 | 2.82 |
| Including | 96.60 | 99.90 | 3.30 | 1.03 | 0.68 | 0.13 | ||
| NRC-22-24 | 121.50 | 155.10 | 33.60 | 0.32 | 0.46 | 0.04 | 1.16 | 1.32 |
| Including | 121.50 | 124.70 | 3.20 | 0.95 | 0.54 | 0.13 | ||
| Including | 125.50 | 129.20 | 3.70 | 0.25 | 0.22 | 0.03 | ||
| Including | 142.80 | 152.10 | 9.30 | 0.64 | 1.06 | 0.08 | ||
| Including | 149.40 | 152.10 | 2.70 | 1.07 | 1.34 | 0.14 | ||
| *For equivalents the prices were taken 2024-06-11: Cu $9,779.12/mt, Ni $17,833.5/mt, Co $27,997/mt, Pt $30.61/g, Pd $28.1/g. Note that the CuEq is for total metal content without consideration for recovery and/or metallurgical losses. | ||||||||
| DDH | 从(m) | 到(m) | 长度（米） | Ni（%） | 铜（％） | 钴（%） | 铜当量（％） | 铜当量 + 贵金属（%） |
| GRL-22-57 | 94.10 | 102.50 | 8.40 | 0.67 | 0.55 | 0.08 | 2.40 | 2.82 |
| 包括 | 96.60 | 99.90 | 仅当A类普通股票的收盘价等于或超过330.00美元时，公司才可以赎回未行使的认股权证。 | 1.03 | 0.68 | 0.13 | ||
| NRC-22-24 | 121.50 | 155.10 | 33.60 | 0.32 | 0.46 | 0.04。 | 1.16 | 1.32 |
| 包括 | 121.50 | 124.70 | 3.20 | 0.95 | 0.54 | 0.13 | ||
| 包括 | 125.50 | 129.20 | 3.70 | 0.25 | 0.22 | 0.03 | ||
| 包括 | 142.80 | 152.10 | 9.30 | 0.64 | 1.06 | 0.08 | ||
| 包括 | 149.40 | 152.10 | 2.70 | 1.07 | 1.34 | 0.14 | ||
| *钞票18岁. | ||||||||
These results reinforce the significant potential of the Graal property to host valuable nickel, copper, and cobalt mineralization. Notably, some intercepts also contain platinum and palladium, suggesting a potential for byproduct streams. In the 2022 drilling, we observed up to 1.365 gpt platinum (Pt), indicating that PGM mineralization at the Graal could be a desirable byproduct.
这些结果再次证明了Graal矿产具有重要的镍、铜和钴矿化潜力。值得注意的是，一些夹层还含有铂和钯，表明具有副产品流的潜力。在2022年的钻探中，我们观察到最高达1.365克/吨的铂（Pt），表明在Graal的PGM矿化可能具有理想的副产品。
Next Steps:
下一步：
The Company is actively applying for permits to expand the near-surface mineral resources at Graal. This expansion aims to further delineate the resource potential and enhance the economic viability of the project.
公司正积极申请扩展Graal近地表矿产资源的许可证。这一扩展旨在进一步描绘资源潜力，增强项目的经济可行性。
Strategic Location:
战略位置：
The Graal property boasts an excellent location north of Saguenay-Lac St. Jean, offering several logistical advantages:
Graal矿产拥有一个优越的地理位置，位于Saguenay-Lac St. Jean以北，提供了几个物流优势：
Year-Round Accessibility: The site is road-accessible and drill-ready throughout the year.
Proximity to Infrastructure: The nearby Chute-de-Passe power station provides reliable and cost-effective energy.
Local Industrial Hub: The town of Lac-St. Jean, an industrial hub, offers a skilled workforce and port access to the St. Lawrence River.
全年通行：该场地全年可通行且随时准备进行钻探。
Frank Basa, P.Eng. Ontario, President and CEO of Coniagas, stated, "The recent results at the MHY and Gravi zones underscore the significant potential of the Graal property. Our strategic location and robust infrastructure further enhance the project's attractiveness. We are committed to advancing our exploration efforts and expanding our near-surface mineral resources."
Coniagas的总裁兼首席执行官Frank Basa，安大略省工程师，表示：“MHY区和Gravi区的最新成果突显Graal项目的重要潜力。我们的战略位置和强大的基础设施进一步增强了该项目的吸引力。我们致力于推进我们的勘探工作，扩大我们的近地表矿产资源。”
Qualified Person
合格人士
The technical information in this news release was reviewed and approved by Matthew Halliday, P.Geo., member of the Ordre des Géologues du Québec, who is a Qualified Person in accordance with National Instrument 43-101.
本新闻稿中的技术信息由在加拿大魁北克省矿产地质协会的成员Matthew Halliday，P.Geo. 审核并获批准，他是根据43-101国家仪器中规定的合格人员。
Quality Control and Reporting Protocols
质量控制与报告规程
The assay results are from OnSite Laboratories in Cobalt, Ontario. The material is crushed to 75% passing -2 mm (10 mesh), a 250 g split of this material is pulverized to 85% passing 75 microns (200 mesh) and analyzed by Aqua Regia with an Atomic Absorption Spectrometry (AAS) finish. All samples were run in replicate, and CRMs were included for Cu and Co.
化验结果来自于安大略省科巴尔特的OnSite实验室。材料粉碎至75％通过-2毫米（10目），将该材料的250克样品分为两份，其中85％通过75微米（200目）的样品将进行Aqua Regia原子吸收光谱（AAS）分析。所有样品均进行了复制，并在Cu和Co领域包括了CRM。
About Coniagas Battery Metals Inc.
关于Coniagas电池金属公司
Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper and cobalt and platinum group metals in Québec. Coniagas' strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metals supplier to the electric vehicle (EV) market.
Coniagas电池金属公司是一家加拿大初级矿业公司，主要关注魁北克的镍、铜、钴和铂族金属。Coniagas的策略是通过开发矿产资源为股东创造价值，并打算将Coniagas发展成为电动汽车（EV）市场的重要金属供应商。
At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted successful exploration involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts. The Company plans in the near-term to conduct additional drilling leading to the production of a Ni 43-101 resource report, metallurgical testing and consultations with First Nations. The Graal project and immediate work plan are outlined in detail in the "NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada" dated January 17, 2024. The report is available along with other information at the Company's website .
在其位于魁北克Saguenay附近的100%拥有Graal项目上，Coniagas已进行了成功的勘探，包括地球物理勘探以及几乎每口井中都击中矿化物的浅层钻探。在Graal上，它已确认了一个开放式采石场沉积模型，沿着6公里的高品位镍、铜矿床，带有钴、铂和钯副产品。公司计划在短期内进行更多的钻探，以制作出Ni 43-101资源报告、进行冶金测试并与第一民族进行磋商。有关Graal项目和近期工作计划的详细信息已在大名鼎鼎的“NI 43-101 Technical Report Graal Nickel & Copper Project，Saguenay-Lac-St-Jean，Quebec，Canada”文件中列出，日期为2024年1月17日。该报告以及其他信息可在公司网站上获得。
Based only on the historical drill hole information, the mineralized strike length drilled in the past highlights a potential target of near-surface tonnage of 30 to 60 million tonnes at a grade range of 0.60% to 0.80% Nickel and 0.30% to 0.50% Copper with 0.10% to 0.15% Cobalt for the MHY sector (see map below). This calculation excludes the newly discovered mineralization (NRC-21-03) (see Company Press Release November 24, 2021), the northern Lac Suzanne portion, and the south portion of Nourricier sector. This estimation does not take into account any potential at depth which is currently being explored.
Please note that the quantity and grade of this potential target calculation is conceptual in nature, and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource. The potential target primary evaluation is a calculation of the length multiplied by the thickness of intersection by the density of 3.3 to 4.0 t/m3 multiplied by the depth extension of 150 to 250m based on historical drill holes.
"Frank J. Basa"
Frank J. Basa, P. Eng. Member of Professional Engineers Ontario
Chief Executive Officer
"Frank J. Basa"
Frank J. Basa，P. Eng. 安大略省专业工程师协会会员
首席执行官
For further information, contact:
Frank J. Basa, P. Eng. Ontario
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff, Corporate Communications
P: 416-710-2410 E: waynecheveldayoff@gmail.com
如需更多信息，请联系：
Frank J. Basa，P. Eng. 安大略省
首席执行官
416-625-2342
或者：
Wayne Cheveldayoff，企业传媒
P:416-710-2410 E：waynecheveldayoff@gmail.com
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您可以在社交媒体上关注Coniagas：
领英：X（推特）：脸书：
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Caution Regarding Forward-Looking Statements
前瞻性声明的警告 - 本新闻稿包含某些前瞻性声明，包括有关私募定向增发收益使用的声明。这些声明受许多风险和不确定性的影响。实际结果可能与前瞻性声明所预期的结果有所不同。在依赖前瞻性声明作出决策时，投资者和其他人应认真考虑前述因素和其他不确定性，并不应过度依赖此类前瞻性声明。除适用法律规定外，该公司不承诺更新任何其自身或代表其进行的口头或书面的前瞻性声明。
This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. ("Coniagas" or the "Company") which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Coniagas trading on the TSX Venture Exchange, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.
