VANCOUVER, Oct. 23, 2018 /CNW/ – BlueBird Array Metals Inc. (TSXV: BATT; US: BBBMF) (the “Company” or “BlueBird”) is admiring to advertise the assay of new high-grade vanadium mineralization from the Phase One assay affairs at the Company’s Canegrass Action in Western Australia.
Highlights From Conduct Results:
Table 1 – Assay After-effects BBRC001 – BBRC005
(1) The intervals acclaimed in the aloft Table are abstinent downhole and are not accurate width. There is bereft advice at this time to actuate the accurate amplitude of the mineralized zone.
Results for bristles about-face apportionment holes accomplished a VTEM-08 (Ref. Figure 1) accept been received. The holes were accomplished on one breadth and spaced 80 metres amid holes (Ref. Figure 2). The antecedent aperture on the breadth BBRC001 targeted the VTEM-08 aberration to appraise for abeyant magmatic nickel, nut sulphide mineralization. After-effects were arise on October 15, 2018. The absolute four holes on the breadth targeted a broad, elongate, ancillary bedrock geochemical apparent aberration and alluring aberration barometer 4,500 metres by 500 metres. Absolute sampling by Maximus Resources Ltd. (“Maximus”) alternate over 325 samples beyond 1.0% V2O5 (not absolute by BlueBird). Conduct has accepted the abyss abeyant of the minerlization to extend to >100m. After-effects are abbreviated in Table 1.
Figure 1 – Canegrass Acreage – Aerial Resolution Aerial Magnetics with Absolute V2O5 Apparent Bedrock Chips
Figure 2: Canegrass Acreage – VTEM-08 Assignment Breadth Looking North
Gary Nassif, President of Bluebird, comments: “We are absolute admiring with the antecedent assignment after-effects from our vanadium ambition at Canegrass. The after-effects advance that there is abeyant to ascertain a substantial, near-surface vanadium resource. Vanadium prices accept apparent able advancement drive in the accomplished year and connected appellation fundamentals advance there is abeyant for connected amount appreciation, a aftereffect of vanadium’s accretion use in array technology. With over 4,500 metres of authentic bang breadth forth the aforementioned trend hosting our contempo Ni-Cu-Co discoveries, we accept there are cogent synergies that we can accomplishment while exploring the trend, abbreviation our assay costs and accretion our abeyant ability advance as we can appraise the magmatic nickel nut sulphide and vanadium abeyant simultaneously.”
The apparent vanadium aberration parallels the Wyemandoo Shear and the Sheperds Discordant Breadth (“SDZ”), both of which are above bounded structural appearance transecting the Canegrass Action area. Absolute sampling by Maximus alternate 325 samples greater than 1.0% V2O5, averaging 1.21% V2O5.
Holes BBRC001 through BBRC005 assay a 320-metre amplitude beyond the apparent aberration (Ref. Figures 1 and 2). The after-effects announce that the V2O5 mineralization is extensive, extending beyond the absolute assignment breadth from apparent to base in balance of 100 metres. V2O5 grades arise to abatement affective from east to west, abroad from the Wyemandoo Shear / SDZ, with the accomplished grades and longest intervals alternate in holes BBRC001 and BBRC002 (Ref. Table 1). The higher-grade mineralization is anon accompanying to added magnetite agreeable in the host rocks.
Directly to the arctic of Bluebird’s Canegrass Acreage is the absolutely acceptable and complete Windimurra Vanadium Abundance endemic by Atlantic Vanadium Pty Ltd (“Atlantic”). Atlantic acquired the abundance in 2016 with the ambition of re-establishing production. The abundance circuitous is arise to accept a absolute basic investments of $500 actor AUD. Vanadium mineralization at Atlantic is ancillary with the SDZ and has been traced for over 27 km to the arctic aals of BlueBird’s Canegrass tenements. The ability at Atlantic is 235 M tonnes @ 0.49% V2O5 MI & I (combined abstinent and adumbrated and inferred) and has appear vanadium grades in bulge of up to 0.8% V2O5 along the southernmost announcement of the SDZ, agnate to the grades articular in apparent bulge sampling arise by Maximus.
A contempo aerial resolution aerial alluring assay completed by BlueBird on the Canegrass tenements has traced the alluring trend associated with the SDZ for a added 9.4 km North-South beyond the Canegrass property. (Ref. Figure 1). The alluring trend dominates the aerial alluring acknowledgment and the Aggregation believes it is an accomplished apparatus to abetment in assignment targeting.
Vanadium is primarily acclimated as an accretion in steelmaking to access the acerbity of steel. Globally, 85% of vanadium assembly is acclimated in animate making. Vanadium is seeing added use in array assembly with abounding experts admiration that Vanadium Flow batteries are the best band-aid to abundance electricity in affiliation with another action sources such as wind and solar power. Exponential access in vanadium amount this year accumulated with accretion account of vanadium as action accumulator average provides acute advance thesis.
About Canegrass Project
The 4,200 Ha action is amid aural a awful -to-be geological setting, area absolute assay conduct intersected aberrant Ni-Co-Cu mineralization at two locations aural the acreage footprint. Aerial VTEM TM articular 14 geophysical anomalies in 2013. Absolute conduct in 2014 at two of the articular targets (CG-02 and CG-039) intersected aberrant Ni‑Co‑Cu mineralization in 9 of 10 holes. Downhole electromagnetic (“EM”) surveys articular off-hole anomalies that accept been accepted by contempo apparent EM surveys completed beforehand this year. The Company’s 2018 Phase One assignment affairs targeted off-hole anomalies at CG-02 and CG-039 targets and apparent EM anomalies at targets VTEM-08 and VTEM-06. The 4.5 km magnetite rich-gabbro-norite breadth has yieled absolute apparent bedrock dent samples that alternate aberrant V2O5 grades in balance of 1.0%. The affairs has been acutely acknowledged to date acknowledging both Ni-Cu-Co and V2O5 mineralization
BlueBird’s assay programs are supervised by Qualified Persons amenable and answerable for the planning, beheading and estimation of all assay activity. BlueBird has affection affirmation and ascendancy systems (QA/QC) in abode to ensure that NI 43-101 and industry best practices are followed for drilling, sampling, assay and reporting. Please accredit to the QA/QC breadth of Bluebird’s columnist absolution anachronous October 15, 2018 for capacity on the accepted protocols in place.
The abstruse agreeable of this account absolution has been advised and accustomed by Wes Hanson, P.Geo., a administrator of the Aggregation and a Qualified Person pursuant to National Instrument 43-101.
The Aggregation is additionally admiring to that, accountable to TSX Venture Exchange acceptance, it has retained Venture Liquidity Providers Inc. (“VLP”) to admit its market-making account to accommodate abetment in advancement an alike trading bazaar for the accepted shares of the Company.
The market-making account will be undertaken by VLP through registered broker, W.D. Latimer Co. Ltd., in acquiescence with the behavior of the TSX Venture Exchange and added applicative laws. For its services, the Aggregation has agreed to pay VLP $5,000 per ages for a aeon of 12 months. The acceding may be concluded at any time by the Aggregation or VLP. The Aggregation and VLP act at arm’s length, and VLP has no present interest, anon or indirectly, in the Aggregation or its securities. The affairs and the shares appropriate for the market-making account are provided by W.D. Latimer. The fee paid by the Aggregation to VLP is for casework only.
VLP is a specialized consulting close based in Toronto and provides a array of casework focused on TSX Venture Exchange listed issuers.
About BlueBird Array Metals
BlueBird Array Metals (TSXV: BATT; US: BBBMF) is a Canadian about listed aggregation focused on the assay and development of cardinal array metals projects, primarily azure and nickel. BlueBird’s ambition is to accompany a business archetypal that offers absolute and abiding advantage to the amount acknowledgment in nickel and cobalt, two arch abstracts in EV batteries. The Aggregation affairs to become a baton in the array metals sector, as azure is currently in a all-around accumulation deficit, has a accessible accumulation chain, and is allotment of an arising area with amazing potential. BlueBird is advancing its portfolio of array metals-focused assets in Western Australia and is currently reviewing new accretion opportunities to add to the Company’s action portfolio.
On Behalf of the Board of BlueBird Array Metals Inc.
This account absolution may accommodate or accredit to advanced advice based on accepted expectations, including, but not bound to the Aggregation accomplishing success in exploring its backdrop and the appulse on the Aggregation of these events, including the aftereffect on its allotment price. Advanced advice is accountable to cogent risks and uncertainties, as absolute after-effects may alter materially from forecasted results. Advanced advice is provided as of the date hereof and we accept no albatross to amend or alter such advice to reflect new contest or circumstances. References to added issuers with adjacent projects is for advice purposes alone and there are no assurances the Aggregation will accomplish agnate results.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Casework Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
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