Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMI” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), is pleased to report the results of the Company’s 2017 Field Program carried out on its Rocher DeBoule property.
The Rocher Deboule property covers 997.76 hectares (2,464.5 acres) and is located 10 km SW of Hazelton, BC. The property features past-producing underground mines (Rocher Deboule, Victoria, Highland Boy, & Cap) and significant prospects (Hazelton View, Silvertip Basin, and Great Ohio) located in-and-around the Rocher Deboule stock. The Rocher Deboule [MINFILE 093M071] mine produced 36,457 tonnes containing 2,167,780 grams silver, 133,676 grams gold and 2,557,433 kilograms of copper between 1915 and 1929; the adjacent Highland Boy [MINFILE 093M070] mine produced 68 tonnes containing 1,089 grams silver, 124 grams gold and 4,760 kilograms of copper. The Victoria [MINFILE 093M072] No 1 Vein produced 51 tonnes, containing 7,341 grams gold, 7,710 kilograms of arsenic and 785 kilograms of cobalt between 1926 and 1940.
The Victoria No. 1 Vein follows a diorite dyke, averages approximately 0.5 meters width, and developed by several adits over a horizontal distance of 450 meters, and a vertical distance of 300 meters. Fieldwork by RecycLiCo Battery Materials in 2017 focused on Victoria No 1 Vein. The following list includes 8 of 14 rock samples from Victoria No 1 Vein Zone > 8 grams/tonne Au:
Geochemical analysis results indicate elevated Au values are associated with cobalt-nickel sulpharsenides with minor molybdenite, and to a lesser degree with mineral assemblage of apatite-sphene-allanite that are associated with elevated rare earth values (e.g. cerium and lanthanum). A composite of these gold and cobalt bearing rock chip samples will be analyzed ALS Metallurgical for detailed mineralogy, mineral associations and preliminary liberation testing (including cyanide leach) and separation of deleterious elements such as arsenic.
Additional fieldwork by RecycLiCo Battery Materials includes a sampling of an area covering approximately 300 hectares (Victoria No 1 & No 3 Vein Zones) with Actlabs SGH deep penetrating geochemistry that involves the analysis of surficial samples for outlining buried potential mineral targets. The analysis involves the testing for 162 hydrocarbon compounds in the C5-C17 carbon series. SGH has been successful for delineating targets found at over 500 metres in depth. The objective of the SGH survey is to explore for porphyry and/or IOCG (iron-oxide copper gold) mineral deposit types hosted in volcanic-sedimentary rocks in close proximity to the Victoria veins hosted in intrusive rocks. SGH and mineralogy results from Victoria veins will be reported when received.
Fieldwork, data reporting and preparation of this press release has been supervised and reviewed by Andris Kikauka, P Geo, Qualified Person (QP) under NI 43-101.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium-ion rechargeable batteries.
Interest in the Company’s patented process has adjusted the focus of RecycLiCo Battery Materials toward the examination of applying its patented technology for other purposes and materials. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium-ion batteries having cathode chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese (Please see the Company’s January 19, 2017 press release for further details).
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
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The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
