- Cruz (CRUZ) is now transporting a drill rig to the Solar Lithium Project’s phase-3 drill site
- The Nevada-based project directly borders American Lithium’s TLC Project, which is estimated to contain 8.83 million tonnes of lithium carbonate equivalent (LCE) measured and indicated
- Exploration is slated to begin within the next week
- Cruz Battery Metals has interests in lithium and cobalt exploration projects across North America
- Cruz Battery Metals (CRUZ) opened with a gain of 4.17 per cent, trading at $0.125 per share
Cruz (CRUZ) is now transporting a drill rig to the Solar Lithium Project’s phase-3 drill site.
The Nevada-based project is 100-per-cent owned, spans 8,135 acres and directly borders American Lithium‘s TLC Project, which is estimated to contain 8.83 million tonnes LCE measured and indicated, as well as 1.86 million tonnes LCE inferred.
The news follows Cruz’s approval from the Bureau of Land Management for up to 22 additional holes.
Every hole drilled on Solar Lithium has uncovered lithium, including values as high as 1,300 ppm Li.
“With the drill rig now being mobilized, we anticipate being able to start the phase-3 drill program within a week’s time,” stated Jim Nelson, Cruz’s President. “We couldn’t be more optimistic about the future of the Solar Lithium Project.”
“Considering that Cruz is well-funded with $3.5 million in the treasury, the fact the lithium prices continue to show strength 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,” he added.
Cruz Battery Metals has interests in lithium and cobalt exploration projects across North America.
Cruz Battery Metals (CRUZ) opened with a gain of 4.17 per cent, trading at $0.125 per share.