Bluebird Plans 18-Hole Drill Program for Canegrass High-Grade Nickel Sulphide Project in Western Australia

Bluebird Battery Metals Inc.


Bluebird Plans 18-Hole Drill Program for Canegrass High-Grade Nickel Sulphide Project in Western Australia

Monday, June 1, 2020 8:00 AM

VANCOUVER, BC / ACCESSWIRE / June 1, 2020 / BlueBird Battery Metals Inc. (TSXV: BATT)(OTC PINK:BBBMF) (the "Company" or "BlueBird") is pleased to announce further details of the planned 2020 drill program on its Canegrass Nickel-Copper-Cobalt project, in Western Australia - the world's top-rated mining jurisdiction[1]. The two-phase program will consist of 18 holes (3,160 m) of Reverse Circulation (RC) and Diamond (Core) drilling, which will follow up on 2018 successes and begin also test new, high priority areas (Figure 1).

Highlights of 2018 Canegrass drill program

  • All holes returned anomalous values of Ni, Cu, Co (and PGE) and included some of the highest grades intersected on the project to-date:
    • BBRC001 (Winx) 14m @ 1.17% Ni, 0.88% Cu and 0.05% Co from 65m, including 1m @ 2.70% Ni, 0.23% Cu and 0.12% Co
    • BBDD001 (Sunline) 0.57m @ 3.07 % Ni, 0.62% Cu and 0.24% Co from 144.1m
    • BBDD002 (Tulloch) 14.25m @ 0.69% Ni, 0.82% Cu and 0.05% Co from 243.2, including 4.9m @ 1.33% Ni, 1.26% Cu and 0.10% Co
  • All mineralized holes open along strike and at depth
  • Downhole electromagnetic (DHEM) testing identified anomalies in holes BBRC001 and 002, BBDD001 and 002, strongly suggesting mineralization is more extensive than intersected

Peter Dickie, President and CEO of Bluebird, commented, "We are excited to commence drilling at Canegrass and anticipate all preliminary on-site activities, as well as permitting, to be completed promptly. Our drilling partner, Newexco, is renowned for methodically planned and executed exploration programs and delivered exceptional results at Canegrass in 2018. Newexco has been instrumental in a number of significant discoveries in Australia and we are pleased to be working with the company for our 2020 program."

2020 Canegrass Drill Program Further Details

The Canegrass Project is emerging as one of the more interesting new layered intrusive nickel projects in Western Australia. The upcoming program will drill untested conductors identified in surface geophysics and continue to assess the extents of the Ni-Cu (Co) mineralization intersected in the previous campaign, including targeting off-hole anomalies.

Drilling will commence with an initial RC programme testing the new anomalies. This will be followed by a diamond drilling programme deepening the RC holes that will target the geophysical anomalies generated from the last campaign and any encouraging geology arising from the RC campaign. The current strike extents of each prospect is unconstrained and down dip/plunge extensions remain to be tested. In order to drill the nickel prospective conductors, the drilling at Winx will have to pass through the vanadium-rich magnetite horizons that initially attracted explorers to the area.

Figure 1. VTEM map of Canegrass Project with 2020 drill targets and locations.

In addition, an EM survey may be conducted over selected areas to evaluate potential new targets.

The planned holes to-date are tabulated below.

Table 1. 2020 Planned Drillholes at Canegrass Project

  Phase     Prospect     Prop_HoleID     EOH     RC     Core     Total m  
Target
    1           pBBDH006       100       100             100  
VTEM13_09 anomaly
    1           pBBDH018       200       200             200  
VTEM13_05 anomaly
    1           pBBDH019       100       100             100  
testing central part of 200m long strike of Saintly anomaly
    1           pBBDH020       100       100             100  
testing north part of anomaly, 80m north of pBBDH019
    1           pBBDH021       100       100             100  
testing southern part of anomaly, 80m south of pBBDH019
    1           pBBDH023       100       100             100  
VTEM13_11 anomaly
    1           pBBDH024       120       120             120  
testing central part of 400m long strike of Twin Peaks anomaly
    1           pBBDH025       120       120             120  
testing north part of anomaly, 200m north of pBBDH024
    1           pBBDH026       120       120             120  
testing southern part of anomaly, 200m south of pBBDH024
            5       9               1060             1060  
 
    2           BBRC002       250               130       130  
Extend from 120m, test beneath BBRC001 and contact
    2           BBDD001       225               50       50  
Extend from 175m, off hole anomaly below hole
    2           pBBDH007       240       100       140       240  
FLEM and BBDD001 DHEM off hole
    2           pBBDH008       340       100       240       340  
FLEM and BBDD001 DHEM off hole
    2           pBBDH009       400       100       300       400  
FLEM and BBDD001 DHEM off hole
    2           pBBDH010       360       100       260       360  
FLEM and BBDD001 DHEM off hole
    2           pBBDH011       280       100       180       280  
CG039
    2           pBBDH012       300       100       200       300  
CG039
            3       9               600       1500       2100  
 
          8       18               1660       1500       3160  
 

The technical content of this news release has been reviewed and approved by Nathan Tribble, 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 Canegrass 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 nickel, cobalt, and copper in safe jurisdictions. BlueBird's goal is to pursue a business model that offers direct and long-term leverage to the price appreciation of battery metals, several of which have vulnerable supply chains, and are part of an emerging sector with extraordinary potential. BlueBird is currently advancing a portfolio of battery metals focused assets in Western Australia and is reviewing new acquisition opportunities to add to the Company's project portfolio.

On Behalf of the Board of BlueBird Battery Metals Inc.

Peter Dickie
President and CEO

For more information, please contact 1-855-584-0160 or [email protected].

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.

Forward Looking Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward-looking statements. Although we believe that the expectations in our forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

SOURCE: BlueBird Battery Metals Inc.

[1] Fraser Institute Annual Survey of Mining and Exploration Companies


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