NILI:CC - Surge Battery Metals Expands the Nevada North Lithium Project Land Package
(TheNewswire)
Coquitlam, BC - TheNewswire - January 10, 2023 - Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:NILI ) ( OTC:NILIF ) ( FRA:DJ5C) is pleased to report that the Company has acquired a 100%interest in 71 additional mineral claims resulting from a recentlycompleted staking program. The Nevada North Lithium Project nowcomprises 243 mineral claims with a total area footprint ofapproximately 1,946 hectares or 4,810 acres. The land package is 100%owned and completely free of royalties.
Recently announced drill results (see News Release dated Jan.3, 2023 )News Release dated Jan 3,2023) have demonstrated the potential for a significant lithiumdiscovery at the Nevada North Lithium Project located in Elko Countyabout 73 Km north-northeast of Elko Nevada.
The maiden drilling program,consisting of eight widely spaced drill holes, has identified stronglithium values (up to 5950 ppm) associated with a series of stackedblue-green clay layers up to 120.4 meter or 395 feet thick. To datemineralization, as evidenced by drilling, has a strike length ofapproximately 1,620 meters or 5,315 feet . Width of the mineralization is not as well determined since theholes are mostly on a north-south alignment because of topography andaccess but is at least 400 meters and soil anomalies indicate it islikely much more. The mineralization appears to be open to furtherdevelopment given the dimensions of a widespread lithium soil anomalyshown on the accompanying map.
Mr. Greg Reimer, Company President& CEO states: “The results of our maiden drill program havereturned impressive lithium values over a significant area giving riseto optimism that we may have discovered a major lithium deposit in anarea of northern Nevada not previously recognized for its lithiumpotential.
The company is now planning for the2023 field season which will include additional drilling when groundconditions allow. Mineralogical and spectral analysis will beapplied to the 2022 drill cuttings along with in-depth reviews ofsurface and sub-surface geochemistry as part of this phase of work.”
Qualified Person as Defined UnderNational Instrument 43-101: Alan J. Morris ofSpring Creek, Nevada, a Qualified Person as defined under NationalInstrument 43-101, has reviewed, and approved the technical aspects ofthis news release.
About Surge Battery Metals Inc. surgebatterymetals.com
The Company is a Canadian-based mineral explorationcompany active in the exploration for lithium in Nevada and fornickel-iron alloy in British Columbia and whose primary listing is onthe TSX Venture Exchange. The Company's maintains a focus onexploration for high value battery metals required for the electricvehicle (EV) market.
Nevada Lithium Projects
The Company owns a 100% interest in 243 mineral claimslocated in Elko County, Nevada. The Nevada North Lithium Project is in the Granite Range southeast of Jackpot, Nevada, about73 km north-northeast of Wells, Nevada. The target is a lithium claydeposit in volcanic tuff and tuffaceous sediments of the JarbidgeRhyolite package.
In addition, the Company has a Property OptionAgreement to earn an undivided 80% interest in 16 mineral claims,comprising 640 acres located within Nevada's San Emidio Desert, knownas the GaltProperty . Recent mineral exploration on theGalt claim group includes 51 playa sediment samples collected forchemical analysis at ALS Geochemistry in Vancouver, B.C. Results ofaqua regia leaching of the samples show 68 to 852 parts per millionlithium (mean 365 ppm), 5.3 to 201 ppm cesium (mean 72 ppm) and 35 to377 ppm rubidium (mean 180 ppm). Results from two seven-foot-deepauger holes show lithium, cesium, and rubidium concentrations in therange of 143.5 to 773 ppm Li, 56.8 to 102.5 ppm Cs and 155 to 272Rb.
Finally, the Company owns a 100% interest in 663 ha(1,640 acre) property in the Teels Marsh Project located in Mineral County,Nevada. The property is in an active region for both lithiumexploration and production.
Nickel Projects, Northern BC
The Company has a Property Option Agreement to earn anundivided 80% interest in certain mineral claims from Nickel RockResources Inc. The Project (The Surge Nickel Project) consists of twonon-contiguous mineral claims groups consisting of six mineral claim blocks located in northern British Columbia . One claim in the Mount Sidney Williams area (claim HN4),covers 1863 hectares immediately south of and adjacent to the DecarProject, currently being advanced by FPX Resources, and 5 claims inthe Mitchell Range area, northeast of Decar, (N100 Group) covering8659 hectares. Three of the claims are subject to 2% NSR, includingthe (HN4 claim and the two southernmost claims of the N100 claimgroup). Both projects target the nickel-ironalloy mineral “Awaruite”, hosted by serpentinized intrusive rocksof the Trembleur Ultramafic Unit
On Behalf of the Board of Directors
“Greg Reimer”
Greg Reimer, President & CEO
Contact Information
Email: info@surgebatterymetals.com
Phone: 778-945-2656
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward?looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork progra ms, geological interpretations, receiptand security of mineral property titles, availability of funds, andothers are forward?looking. Forward?looking statements are notguaranteeing future performance and actual results may vary materiallyfrom those statements. General business conditions are factors thatcould cause actual results to vary materially from forward?lookingstatements.
Figure 1: Soil Sample Results - Lithium
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