- Cruz Battery Metals (CRUZ) has announced plans to begin a Phase-3 drill program on the Solar Lithium Project in Nevada
- The company has received approval from the Bureau of Land Management (BLM) for up to 22 additional holes
- Every hole drilled on the project has discovered lithium, including values as high as 1,300 ppm Li
- 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$0.09
Cruz Battery Metals (CRUZ) has announced plans to begin a Phase-3 drill program on the 100-percent owned, 8,135-acre Solar Lithium Project in Nevada.
The company has received approval from the Bureau of Land Management (BLM) for up to 22 additional holes. Every hole drilled on the project to date has discovered lithium, including values as high as 1,300 ppm Li.
On December 1, 2022, American Lithium Corp. announced an updated resource estimate for the TLC lithium claystone property containing 8.83 million tonnes of lithium carbonate equivalent (LCE) measured & indicated with another 1.86 million tonnes LCE inferred.
Jim Nelson, President of Cruz Battery Metals, commented on the news.
“We are very excited to be in a position to commence a phase-3 drill program shortly on the 8,135-acre Solar Lithium Project in Nevada, comprising a large footprint directly bordering American Lithium. Given the recent success of American Lithium, in regards to a substantial increase in their resource estimate, we couldn’t be more optimistic about the future of the Solar Lithium Project. We would like to congratulate our neighbour American Lithium Corp. on today’s NASDAQ listing. 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, and we look forward to the next phase of exploration drilling on this project. 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 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.”
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$0.09.