- Surge Battery Metals (NILI) has filed a technical report in accordance with National Instrument 43-101 on its Caledonia Project
- The company has an option to acquire a 100 per cent interest in 7 mineral claims including the Caledonia, Cascade and Bluebell Crown Grant claims in the Nanaimo Mining Division
- The Caledonia, Cascade and Bluebell claims lie within a 50-kilometre-long copper belt northwest of the Island Copper mine
- In 2021, a program of detailed soil sampling, silt sampling and moss mat sampling along with rock geochemistry and geological mapping was completed
- A phase II exploration program consisting of continued geological mapping, follow-up percussion drilling and geophysics is recommended for 2022
- Surge Battery Metals is a Canadian-based mineral exploration company
- Surge Battery Metals Inc. (NILI) is down 6.67 per cent on the day, trading at C$0.14 per share
Surge Battery Metals (NILI) has filed a technical report in accordance with National Instrument 43-101 on its Caledonia Project in B.C.
The company has an option to acquire a 100 per cent interest in 7 mineral claims including the Caledonia, Cascade and Bluebell Crown Grant claims in the Nanaimo Mining Division on northern Vancouver Island. The claims are 7 km northwest of BHP’s past producing Island Copper mine, which was Canada’s third-largest copper producer.
The Caledonia, Cascade and Bluebell claims lie within a 50-kilometre-long copper belt northwest of the Island Copper mine.
In 2021, a program of detailed soil sampling, silt sampling and moss mat sampling along with rock geochemistry and geological mapping was completed. An extensive new road construction program by the local forestry company greatly facilitated the exploration work. The results confirm previous assay values of the main Caledonia Showing.
A phase II exploration program consisting of continued geological mapping, follow-up percussion drilling and geophysics at a cost of $125,000 is recommended for 2022 and also a further phase III program contingent on the success of Phase II at an additional cost of $245,045.
Surge Battery Metals is a Canadian-based mineral exploration company active in the exploration of nickel-iron alloy and Copper in British Columbia and lithium in Nevada.
Surge Battery Metals Inc. (NILI) is down 6.67 per cent on the day, trading at C$0.14 per share.