(via TheNewswire)
“We are pleased with the drill results from GB22-55 to GB22-58 as they suggest structures are continuing southward towards the Teledyne property. GB22-56 has 2%
The drill program was engineered to follow-up existing intercepts from the 2017-2018 drill programs in addition to testing the First Priority Targets outlined in the geophysical report completed by Simcoe Geoscience in
Towards the North-West part of the property, five drill holeswere planned to follow up on the areas underneath T-18, GB17-21, GB18-36, and GB17-15 further down-dip of the existing structures. They were designed to test the vein continuity, as well as test the continuation of the copper-rich sulphide zones previously encountered.These include drill holes GB22-46, GB22-47. GB22-48, GB22-49, and GB22-50. The results from these drill holes are comparable to the intercepts encountered in previous drill programs, and prove the mineralization continues further at depth in the
The drill was then moved east and southward to test the geophysical IP anomalies and interpreted structural features that may be of interest. Four holes were planned to test these features. They include holes GB22-51, GB22-52, GB22-53, and GB22-54. No significant values were intercepted in these holes.
Towards the South part of the property, four holes were planned with three purposes in mind. The first was to follow-up existing intercepts from GB18-44. The second was test the geophysical targets in this area, and the third was to determine if any of the structures or veins continue southward and trend onto the Teledyne property. These holes include GB22-55, GB22-56, GB22-57, and GB22-58. These holes contained two excellent
Assay Result Highlights
There are 6 intervals greater than 5.0m core length with cobalt equivalent grades above 0.1%.
GB22-46 intercepted1.8% Cu over 5.58mfrom 101.39 to 106.97m, including 3.54% Cu over 1.00m from 105.00 to 106.00m. It also intercepted0.39% Co and 0.58% Cu over 0.75mfrom 137.70m to 138.45m.
GB22-47 intercepted2.06% Cu and 0.18% Co over 6.85mfrom 103.15 to 110.00m, including3.94% Cu and 0.84% Co over 0.54mfrom 104.91 to 105.45m.
GB22-49 intercepted1.46% Cu over 2.00mfrom 123.00 to 125.00m.
GB22-50 intercepted7.75% Co and 5.44% Ni over 0.42mfrom 55.38 to 55.80m, and
2.17% Cu over 3.93mfrom 66.88 to 70.81m, including4.01% Cu over 0.93mfrom 67.87 to 68.80m.GB22-55 intercepted5.71% Co and 3.14% Ni over 0.47mfrom 64.16 to 64.63m.
GB22-56 intercepted5.56 % Co and 2.66 % Ni over 0.52mfrom 99.00 to 99.52m.
GB22-50 contained up to 11.9 grams per tonne Au from initial statistics the gold grade is strongly correlated with Nickel and
Cobalt . Nickel andCobalt also have a strong correlation.
Table 1: Composites greater than 2m with Cobalt Equivalent greater than 0.1%
Hole | From | To | Length (m) | Au (gpt) | Ag (gpt) | Co (%) | Cu (%) | Ni (%) | Co eq (%) |
GB22-46 | 101.39 | 106.97 | 5.58 | 0.04 | 17.39 | 0.10 | 1.80 | 0.02 | 0.52 |
GB22-47 | 103.15 | 110.00 | 6.85 | 0.06 | 24.26 | 0.18 | 2.06 | 0.03 | 0.66 |
GB22-47 | 132.40 | 134.90 | 2.50 | 0.04 | 33.62 | 0.02 | 2.05 | 0.01 | 0.48 |
GB22-49 | 90.00 | 95.00 | 5.00 | 0.03 | 18.00 | 0.03 | 0.59 | 0.02 | 0.17 |
GB22-49 | 123.00 | 125.00 | 2.00 | 0.01 | 22.50 | 0.06 | 1.46 | 0.01 | 0.39 |
GB22-50 | 66.88 | 70.81 | 3.93 | 0.01 | 20.61 | 0.01 | 2.17 | 0.02 | 0.51 |
GB22-50 | 100.00 | 105.00 | 5.00 | 0.02 | 9.28 | 0.02 | 1.32 | 0.01 | 0.33 |
GB22-50 | 109.00 | 114.00 | 5.00 | 0.02 | 24.46 | 0.08 | 1.32 | 0.01 | 0.39 |
Table 2: Assay Results
Hole | From | To | Length (m) | Au (gpt) | Ag (gpt) | Co (%) | Cu (%) | Ni (%) | Co eq (%) |
GB22-46 | 10.75 | 11.25 | 0.50 | 0.01 | 0.30 | 0.00 | 2.10 | 0.01 | 0.48 |
GB22-46 | 101.39 | 106.97 | 5.58 | 0.04 | 17.39 | 0.10 | 1.80 | 0.02 | 0.52 |
including | 104.10 | 105.00 | 0.90 | 0.11 | 32.00 | 0.44 | 2.75 | 0.09 | 1.11 |
including | 105.00 | 106.00 | 1.00 | 0.01 | 24.20 | 0.01 | 3.46 | 0.01 | 0.79 |
GB22-46 | 137.70 | 138.45 | 0.75 | 0.09 | 94.10 | 0.39 | 0.58 | 0.02 | 0.54 |
GB22-47 | 9.54 | 10.04 | 0.50 | 0.02 | 0.20 | 0.01 | 0.95 | 0.01 | 0.23 |
GB22-47 | 98.15 | 99.65 | 1.50 | 0.03 | 9.85 | 0.05 | 0.26 | 0.01 | 0.12 |
GB22-47 | 103.15 | 110.00 | 6.85 | 0.06 | 24.26 | 0.18 | 2.06 | 0.03 | 0.66 |
including | 104.15 | 104.91 | 0.76 | 0.13 | 37.90 | 0.19 | 3.03 | 0.05 | 0.90 |
including | 104.91 | 105.45 | 0.54 | 0.33 | 19.70 | 0.84 | 3.94 | 0.12 | 1.80 |
including | 105.45 | 106.20 | 0.75 | 0.01 | 22.90 | 0.01 | 3.40 | 0.00 | 0.77 |
including | 106.20 | 106.80 | 0.60 | 0.15 | 30.20 | 0.99 | 2.39 | 0.08 | 1.58 |
GB22-47 | 113.00 | 114.00 | 1.00 | 0.21 | 19.60 | 0.03 | 0.89 | 0.01 | 0.24 |
GB22-47 | 132.40 | 134.90 | 2.50 | 0.04 | 33.62 | 0.02 | 2.05 | 0.01 | 0.48 |
including | 134.10 | 134.90 | 0.80 | 0.08 | 29.10 | 0.03 | 3.04 | 0.01 | 0.72 |
GB22-47 | 137.15 | 138.15 | 1.00 | 0.97 | 17.70 | 0.07 | 1.00 | 0.02 | 0.30 |
GB22-48 | 110.20 | 110.69 | 0.49 | 0.07 | 33.10 | 0.01 | 0.78 | 0.03 | 0.21 |
GB22-48 | 140.41 | 142.00 | 1.59 | 0.12 | 7.64 | 0.11 | 0.14 | 0.01 | 0.15 |
GB22-49 | 90.00 | 95.00 | 5.00 | 0.03 | 18.00 | 0.03 | 0.59 | 0.02 | 0.17 |
including | 92.00 | 93.00 | 1.00 | 0.04 | 20.60 | 0.01 | 0.73 | 0.02 | 0.18 |
including | 93.00 | 94.00 | 1.00 | 0.02 | 30.20 | 0.02 | 0.73 | 0.01 | 0.20 |
including | 94.00 | 95.00 | 1.00 | 0.01 | 21.30 | 0.01 | 0.89 | 0.02 | 0.22 |
GB22-49 | 123.00 | 125.00 | 2.00 | 0.01 | 22.50 | 0.06 | 1.46 | 0.01 | 0.39 |
GB22-50 | 49.34 | 50.97 | 1.63 | 0.02 | 5.61 | 0.05 | 0.16 | 0.12 | 0.16 |
GB22-50 | 55.38 | 55.80 | 0.42 | 11.90 | 64.40 | 7.75 | 0.08 | 5.44 | 11.13 |
GB22-50 | 66.88 | 70.81 | 3.93 | 0.01 | 20.61 | 0.01 | 2.17 | 0.02 | 0.51 |
including | 67.87 | 68.80 | 0.93 | 0.02 | 34.20 | 0.01 | 4.01 | 0.01 | 0.92 |
GB22-50 | 100.00 | 105.00 | 5.00 | 0.02 | 9.28 | 0.02 | 1.32 | 0.01 | 0.33 |
including | 104.00 | 105.00 | 1.00 | 0.03 | 21.00 | 0.06 | 2.26 | 0.02 | 0.58 |
GB22-50 | 109.00 | 114.00 | 5.00 | 0.02 | 24.46 | 0.08 | 1.32 | 0.01 | 0.39 |
including | 112.00 | 113.00 | 1.00 | 0.06 | 48.90 | 0.35 | 0.72 | 0.02 | 0.53 |
including | 113.00 | 114.00 | 1.00 | 0.01 | 42.40 | 0.02 | 2.16 | 0.01 | 0.51 |
GB22-55 | 64.16 | 64.63 | 0.47 | 0.46 | 5.10 | 5.71 | 0.00 | 3.14 | 7.65 |
GB22-55 | 68.36 | 68.88 | 0.52 | 0.10 | 1.10 | 0.30 | 0.00 | 0.11 | 0.37 |
GB22-55 | 133.56 | 135.03 | 1.47 | 0.05 | 10.97 | 0.22 | 0.30 | 0.08 | 0.34 |
including | 134.55 | 135.03 | 0.48 | 0.13 | 16.90 | 0.68 | 0.01 | 0.21 | 0.81 |
GB22-56 | 96.00 | 96.43 | 0.43 | 0.16 | 44.50 | 0.72 | 0.01 | 0.14 | 0.81 |
GB22-56 | 99.00 | 100.53 | 1.53 | 1.15 | 24.81 | 2.00 | 0.00 | 0.95 | 2.59 |
including | 99.00 | 99.52 | 0.52 | 2.58 | 59.40 | 5.56 | 0.00 | 2.66 | 7.20 |
GB22-57 | 64.88 | 65.35 | 0.47 | 0.03 | 3.30 | 0.17 | 0.00 | 0.05 | 0.20 |
GB22-57 | 68.00 | 68.48 | 0.48 | 0.01 | 2.30 | 0.09 | 0.00 | 0.02 | 0.10 |
GB22-57 | 69.85 | 70.88 | 1.03 | 0.01 | 0.70 | 0.15 | 0.00 | 0.04 | 0.18 |
GB22-57 | 75.00 | 75.57 | 0.57 | 0.05 | 3.90 | 0.16 | 0.15 | 0.06 | 0.24 |
Note: The intervals provided in this table represent core length and not true widths. The bolded intervals are composite assay calculations. Assay results reported as significant are >0.10% cobalt equivalent Gold and Silver are not included in the cobalt equivalent and are simply length weighted over the interval.
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Price assumptions:
*no metallurgical recovery or other parameters applied to the Cobalt Equivalent, this is an in-situ value. The
Table 3: Collar Locations
Nad 83 - Zone 17 N | ||||||
Hole | Azimuth | Dip | Length | Easting | Northing | Elevation |
GB22-46 | 264.9 | -46.0 | 141 | 604,580 | 5,252,077 | 252 |
GB22-47 | 264.9 | -46.0 | 141 | 604,580 | 5,252,077 | 252 |
GB22-48 | 270.2 | -48.0 | 180 | 604,609 | 5,252,089 | 246 |
GB22-49 | 270.0 | -46.3 | 150 | 604,541 | 5,252,112 | 246 |
GB22-50 | 263.1 | -45.7 | 150 | 604,541 | 5,252,112 | 246 |
GB22-51 | 270.1 | -44.9 | 90 | 604,576 | 5,252,150 | 246 |
GB22-52 | 160.3 | -45.1 | 150 | 604,619 | 5,251,970 | 246 |
GB22-53 | 90.0 | -45.0 | 144 | 604,619 | 5,251,970 | 246 |
GB22-54 | 90.1 | -45.0 | 171 | 604,602 | 5,252,125 | 246 |
GB22-55 | 89.9 | -54.9 | 141 | 604,466 | 5,251,843 | 246 |
GB22-56 | 90.0 | -65.0 | 150 | 604,466 | 5,251,843 | 246 |
GB22-57 | 90.0 | -50.0 | 114 | 604,457 | 5,251,806 | 246 |
GB22-58 | 90.0 | -63.0 | 120 | 604,403 | 5,251,826 | 246 |
Prior diamond drilling highlights from the 2017-2018 drill campaign include:
GB17-07 intersected7.64% Co over 0.26m from 99.79 to 100.05m.
GB17-10 intersected0.55% Co over 5.00m from 28.00 to 33.00m
GB17-15 intersected0.90% Cu over 20.20m from 42.50 to 62.70m, including 8.42% Co over 0.30m from 62.40 to 62.70m.
GB17-21 intersected1.25% Cu over 6.10m from 67.50 to 73.60m, including 0.73% Co over 0.60m from 69.7 to 70.30m.
GB18-44 intersected0.11% Co and 1.04% Cu over 8.40m from 110.60 to 119.00m.
Note: The above intervals represent core lengths, and not true widths (NI 43-101 Technical Report on the
The Glencore Bucke Property consists of two patented mining claims totaling approximately 16.2 ha in area located on the west boundary of Fuse’s
The technical contents of this news release regarding previous drilling campaigns are contained inthe NI 43-101 Technical Report on the
QA / QC
The core samples were cut in two with a rock saw. One half was sent to the assay lab and the other half was retained as witness core. Blanks and certified reference material (standards) were inserted into the sampling sequence such that they represent no less than 10% of the total samples. The results of the blanks and standards are within expected values allowing public disclosure of the assays.
Qualified Person
The technical information in this news release was approved and prepared under the supervision of Mr.
In other news, the Company has recently refiled its
About
Fuse owns 100% of theLithium Springs Propertywhich is located at the southern end of Black Rock Desert,
Fuse also owns 100% of theMonitor Valley North Lithium Propertywhich includes97 placer claims (MVN1 – MVN97) covering approximately 770 hectares of alluvial sediments and clays located 134 km northeast of
Fuse owns a 100% interest its Glencore Bucke Property, situated in
Glencore Bucke/Teledyne Property
Situated in
The associated Teledyne Property, located in
Over
On Behalf of the Board of Directors
“Tim Fernback”
Contact Information:
Email: info@fusebatterymetals.com
Phone: 236-521-0207
Neither the
Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
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