- Cruz Battery Metals (CRUZ) has received approval to drill up to 22 additional holes at its Solar Lithium Project in Nevada
- Lithium has been found in all 6 holes drilled to date
- The company is currently planning the next phase of drilling to begin shortly
- Cruz currently has several projects located throughout North America, including the Solar Lithium Project and the Clayton Valley Lithium Project
- Cruz Battery Metals mines for lithium in Nevada as well as for cobalt, silver and diamonds in Ontario, B.C. and Idaho
- Cruz (CRUZ) opened trading at C$0.095
Cruz Battery Metals (CRUZ) announced that the Bureau of Land Management (BLM) has approved additional drilling at its Solar Lithium Project.
The company received authorization to drill up to 22 additional holes at its Solar Lithium Project in Nevada. To date, every hole drilled on the ‘Solar Lithium Project’ has discovered lithium, including values as high as 1,300 ppm Li.
The company is currently planning the next phase of drilling to begin shortly, depending on drill rig availability.
Jim Nelson, President of Cruz Battery Metals, commented on the news.
“We are very pleased to be permitted by the BLM for up to 22 additional drill holes on our Flagship property, the 8,135-acre Solar Lithium Project in Nevada, comprising a large footprint directly bordering American Lithium. We are very encouraged by the fact that our phase I and II drill programs have discovered the presence of lithium in all 6 holes drilled to date. Data provided by the first two phases of drilling will allow the company to plan a larger drill program to begin shortly. Cruz’s goal is to locate and provide a new, domestically sourced, battery-grade lithium deposit. Considering that Cruz is well-funded with $3.5 million in the treasury, the fact the lithium prices are currently at all-time highs and that Cruz will be coming into an active news cycle period, management feels that everything is now in place to give our shareholders the best chance of success on this project.”
Cruz currently has several projects located throughout North America. Cruz’s Nevada lithium projects consist of the 8,135-acre Solar Lithium Project and the 240-acre Clayton Valley Lithium Project.
Cruz Battery Metals mines for lithium in Nevada as well as for cobalt, silver and diamonds in Ontario, B.C. and Idaho.
Cruz (CRUZ) opened trading at C$0.095.