RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased announce the technical report entitled “NI 43-101 Technical Summary Report on the Rocher Deboule Property”, prepared by Ron Parent, P. Geo, and Christo Marais, P. Geo., with an effective date of Oct. 25, 2020, will be posted on SEDAR. The report outlines drill targets on the Rocher Deboule mineral claims located 5-8 kilometers southwest of Hazelton, BC. The report includes recommendations for core drilling of gold and copper bearing mineralization located near historic underground mines.
The Rocher Deboule deposit has had historic production of 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 produced 68 tonnes containing 1,089 grams silver, 124 grams gold and 4,760 kilograms of copper, and the nearby Victoria produced 51 tonnes, containing 7,341 grams gold, 7,710 kilograms of arsenic and 785 kilograms of cobalt between 1926 and 1940. These mineral deposits are associated with the Late Cretaceous Bulkley Plutonic Suite, and the Rocher Deboule feldspar porphyry stock. Recent fieldwork involving rock and soil sampling of the western portion of the claims has revealed potential for “Iron Oxide Copper Gold” deposit types. The Victoria No 3 Vein trends west towards Upper Cretaceous Kasalka Fm volcanic-hosted garnet-sericite-illite-quartz-calcite-chlorite-actinolite alteration. A Qualified Person (as that term is defined under National Instrument 43-101) has not done sufficient work to classify the foregoing historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves.
This is the first step in potentially spinning out the Rocher DeBoule and Lonnie Rare Earth projects to registered shareholders.
Andris Kikauka (P. Geo.), Director for RecycLiCo Battery Materials has prepared, reviewed, and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument 43-101 standards.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer