- Cruz (CRUZ) has encountered a potential lithium-bearing claystone at its Solar Lithium Project in Nevada
- Drilling produced significant intercepts from this claystone formation, including 180 feet in Hole 1, 345 feet in Hole 2 and 100 feet in Hole 3
- The company plans to initiate phase 2 drilling upon receiving assay results
- 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 15.22 per cent and is currently trading at $0.265 per share
Cruz (CRUZ) has encountered a potential lithium-bearing claystone at its Solar Lithium Project in Nevada.
Phase 1 drilling produced significant intercepts from this claystone formation, including 180 feet in Hole 1, 345 feet in Hole 2 and 100 feet in Hole 3.
The company delivered the samples to ALS for assay and is currently awaiting results.
“We are absolutely thrilled with these initial results on the substantial 6,215 acre Solar Lithium Project. Having intercepted significant footage of the targeted potential lithium-bearing claystone formation was exactly what we had hoped for when we started working on this project,” stated Jim Nelson, Cruz’s President.
“When you factor in that lithium prices are currently at all-time highs, there couldn’t be a better time for this to happen,” he continued. “We plan to immediately work on the next phase of drilling, which we anticipate will be significantly more extensive, after the results of this small initial 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 15.22 per cent and is currently trading at $0.265 per share as of 9:31 am EST.