IP Testing Will Inform Drill Program Currently Awaiting Permitting
RecycLiCo Battery Materials (“AMY” or the “Company”) reports the Rocher Deboule IP (induced polarization) geophysical crew will test “Vent Zone” IOCG targets, with drilling expected to follow on the Company’s Rocher Deboule copper-gold property, located south of New Hazelton, BC.
The Rocher Deboule deposit has had historic production of 36,457 tonnes containing 2,167,780 grams of silver, 133,676 grams of gold and 2,557,433 kilograms of copper between 1915 and 1929. Recent fieldwork involving rock and soil sampling of the western portion of the claims has revealed potential for “Iron Oxide Copper Gold” (IOCG) deposit types approximately 1-2 km west of the historic production. The Victoria No 3 Vein trends west towards Upper Cretaceous Kasalka Fm volcanic-hosted garnet-sericite-illite-quartz-calcite-chlorite-actinolite alteration in an area where RecycLiCo Battery Materials fieldwork in 2019 identified a well-defined redox-cell soil-gas hydrocarbon (SGH) anomaly and in addition to th e IOCG targets, IOCG-related geochemical anomalies including elevated findings of several rare earths (Lanthanum and Cerium). The Vent Zone (redox cell) is located approximately 1-2 km west of historic mine production, and RecycLiCo Battery Materials plans to test the area with induced polarization (IP) geophysical surveying.
RecycLiCo Battery Materials anticipates drilling the geophysical targets identified in the survey after the IP survey is completed, as well as the high-grade portions of the No.2 & No.4 Veins of the Rocher Deboule. Approval of the proposed work is subject to a pending permit application with First Nation and Ministry of Energy, Mines and Low Carbon Innovation. The proposed drilling will have a minimal footprint of disturbance because there are no access trails and roads required. All the drill moves will involve a helicopter to move the drill rig, with core storage located on a secure private property.
Andris Kikauka (P. Geo.), Director for RecycLiCo Battery Materials has prepared, reviewed, and approved technical information in this press release. Mr. Kikauka is a non-independent Qualified Person adhering to National Instrument 43-101 reporting standards.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ patented process. The RecycLiCo™ patented process was developed to offer a closed-loop and environmentally friendly solution for the recycling of cathode materials used in lithium-ion batteries. The recycling process provides high extraction and purity of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum. The RecycLiCo™ patented process was designed with the goal to produce recycled battery products that could be seamlessly and directly integrated into the re-manufacturing of battery cathodes using minimal processing steps.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
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.