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Surge Battery Metals Inc. (TSXV:NILI) announces additional soil geochem results from its Nevada North Lithium Project

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TSXV:NILI
06 April 2022 13:45 (EDT)

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Surge Battery Metals (NILI) has announced additional soil geochem results from its Nevada North Lithium Project (NNLP) in Elko County, Nevada.

Rangefront Mining Services collected 445 samples on lines spaced 100 meters apart. Results from this exploration work ranged from 29.1 to 5,120 ppm Li with a median value of 244 ppm Li. 

Results included 89 samples with 1,000 or more ppm Li.

Greg Reimer, President & CEO sat down with Dave Jackson to discuss the results.

“To put these results in perspective, the overall reserve grade for the Thacker Pass Lithium deposit in Humboldt County, Nevada is 3,300 ppm Li with a resource cutoff grade of 2500 ppm, measured and indicated resource averages 2,231 with a 1,334 ppm cutoff. A preliminary feasibility study for the Cyprus Development Corp’s lithium deposit in Clayton Valley, Nevada lists the overall grade for measured and indicated resources at 1,073 ppm Li with a 900 ppm cut-off.

When field conditions permit, plans are to initiate further soil sampling, covering the full property position, with samples on a 100-meter grid, geologic mapping, and detailed rock chip sampling to understand the geometry of the anomalous material so as to prioritize drill targets.”

Surge Battery Metals is a Canada-based mineral exploration company active in the exploration for nickel-iron alloy and Copper in British Columbia and lithium in Nevada.

Surge Battery Metals Inc. (NILI) opened trading at C$0.13 per share.

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