- Cruz (CRUZ) has uncovered lithium in the northern section of its Solar Lithium Project in Nevada
- The company drilled Hole 6 over 4 km to the north of any previous hole drilled to date, yielding values up to 630 ppm lithium
- It is planning a phase III drilling program for later this year
- Cruz Battery Metals mines for lithium in Nevada as well as for cobalt, silver and diamonds in Ontario, B.C. and Idaho
- Cruz (CRUZ) is down by 7.14 per cent trading at $0.195 per share
Cruz (CRUZ) has uncovered lithium in the northern section of its Solar Lithium Project in Nevada.
The results stem from phase II drilling on the 8,135-acre property.
The company drilled Hole 6 more than 4 km to the north of any previous hole drilled to date, yielding values as high as 630 ppm lithium.
Every hole drilled during phases I and II has produced lithium, including values as high as 1,300 ppm Li.
“We are very encouraged by the fact that lithium is present on the northern portion of our large property,” stated Jim Nelson, Cruz’s President. “Data provided by the first two phases of drilling will allow the company to plan a larger phase III program in the second half of 2022.”
Cruz Battery Metals mines for lithium in Nevada as well as for cobalt, silver and diamonds in Ontario, B.C. and Idaho.
Cruz (CRUZ) is down by 7.14 per cent trading at $0.195 per share as of 11:41 am EST.
