- Cruz (CRUZ) has drilled up to 1,300 ppm/Li at its Solar Lithium Project in Nevada
- Holes one and two yielded 60-foot intercepts averaging 968.33 ppm/Li and 768 ppm/Li, respectively
- The company is currently planning a follow-up drill program
- Cruz Battery Metals acquires and develops high-grade metals projects for the rechargeable battery and renewable energy sectors
- Cruz Battery Metals (CRUZ) is up by 22.92 per cent trading at $0.295 per share
Cruz (CRUZ) has drilled up to 1,300 ppm/Li at its Solar Lithium Project in Nevada.
The results stem from the first phase of drilling on the 100-per-cent owned 6,215 acre property.
All drill holes encountered multiple intercepts of the targeted potential lithium-bearing claystone formation.
Values in hole one reached up to 1,300 ppm/Li and encountered lithium-bearing clays from 10 feet to 200 feet with a 60-foot intercept averaging 968.33 ppm/Li.
Hole two reached up to 1,120 ppm/Li including a 60-foot interval averaging 768 ppm/Li.
“These results were better than what we were hoping to see on this maiden drill program,” stated Jim Nelson, Cruz’s President. “The property is one of the largest in the region, and we have just drilled less than 10 per cent of this large land package. We are planning an aggressive follow-up drill program to test a larger portion of this property now that we know there is significant lithium present.”
Cruz Battery Metals acquires and develops high-grade metals projects for the rechargeable battery and renewable energy sectors.
Cruz Battery Metals (CRUZ) is up by 22.92 per cent trading at $0.295 per share as of 10:16 am EST.