- Cruz Battery Metals (CRUZ) has contracted Harris Exploration Drilling and Associates 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
- Cruz Battery Metals acquires and develops high-grade metals projects for the rechargeable battery and renewable energy sectors
- Cruz Battery Metals (CRUZ) opened trading at C$0.095
Cruz Battery Metals (CRUZ) has contracted Harris Exploration Drilling and Associates 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. To date, every hole drilled on the ‘Solar Lithium Project’ has discovered lithium, including values as high as 1,300 ppm Li.
On December 1, 2022, American Lithium Corp. announced an updated resource estimate, prepared by Stantec Consulting Ltd., 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 pleased to be working again with Harris Exploration Drilling for our phase-3 drill program on the 8,135-acre Solar Lithium Project in Nevada, comprising a large footprint directly bordering American Lithium. Harris performed the drilling during our phase I and II drill programs that discovered the presence of lithium in all 6 holes drilled to date. Our neighbour, American Lithium Corp., was recently uplisted to the NASDAQ and has also recently announced a substantial increase to their resource estimate. We couldn’t be more optimistic about the future of the Solar Lithium 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 Battery Metals acquires and develops high-grade metals projects for the rechargeable battery and renewable energy sectors.
Cruz Battery Metals (CRUZ) opened trading at C$0.095.