NILI:CC - Surge Battery Metals Reports Favorable Claystone Intercepts of 114.4 Meters in Hole NN2007 and 73.15 Meters in Hole NN2008 With Assay Results Pending
(TheNewswire)
Coquitlam, BC - TheNewswire - December 28, 2022 - Surge Battery Metals Inc. (the “Company” or“Surge”) (TSXV:NILI ) ( OTC:NILIF ) ( FRA:DJ5C ) is pleased to present geological information from thelogging of drill holes NN2207 and NN2008 while the Company awaitsfinal assays from drilling at the 100% owned Nevada North LithiumProject in Elko County, Nevada.
Previously released assay results (refer to News Release dated Dec.8'22 ) confirmed the presence ofsignificant lithium values contained within layered zones of claystoneand blue-grey clay in drill holes NN2201 thru NN2006 (see plan map).The Company believes this demonstrates the potential for a high tenorlithium clay deposit.
While assays are yet to be received from the lab, thesame claystone unit and blue-grey clay was intersected in holes NN2207and NN2208, some 790 and 1130 meters south andsouth-southeast of the discovery hole NN2201.
Hole NN2207 cuta much thicker section of the favorable claystone than was encounteredin holes NN2201, NN2203, 04, and 05. Hole NN2207 cut 114.3 meters (375feet) of claystone compared to the average of45.7 meters (150 feet). Visually, the claystone and especially theblue-grey clay beds within the package are identical to those carryinghigh grade lithium.
Hole NN2208 wassituated on anomalous soil geochemistry about 354 meters south-southwest of NN2207. This hole cut 73.15 meters (240 feet) of the favorableclaystone, still well above the average for thefour holes to the north-northeast. The hole was cut at 300 feet due totime and budget constraints and did not penetrate to the basementwelded tuff.
The potential for lithium values within both drillholes is supported by the soil geochemistry collected along the slopeexposure of the claystone south of NN2207. Previously collected soilsamples down slope (section) of this drill site returned assay valuesof 4,940, 2040, 3640, 1090,and 1440 ppm lithium. These samples werecollected on 50-meter intervals with a total elevation change of about36 meters (120 ft) and are listed in descending elevationorder.
Qualified Person as Defined UnderNational Instrument 43-101
Alan J. Morris of Spring Creek, Nevada, a QualifiedPerson as defined under Nation Instrument 43-101 has reviewed andapproved the technical aspects of this news release.
About Surge Battery Metals Inc. surgebatterymetals.com
The Company is a Canadian-based mineral explorationcompany active in the exploration for nickel-iron alloy in BritishColumbia and lithium in Nevada whoseprimary listing is on the TSX Venture Exchange. The Company'smaintains a focus on exploration for high value battery metalsrequired for the electric vehicle (EV) market.
Nevada Lithium Projects
The Company owns a 100% interest in 154 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. The project area was first identified in publicdomain stream sediment geochemical data with follow up sedimentsampling and geologic reconnaissance returning assay results forlithium ranging from 29.1 ppm to 5,120 ppm. Significant resultsincluded 89 samples outlining a highly anomalous zone containing samplepoints greater than 1,000 ppm lithium . Currently, the zone of highly anomalouslithium values extends about 1,700 meters east-west in two bands eachabout 300 to 400 meters wide. The anomalous values appear to be insoils developed on airfall or water lain rhyolitic tuff overlain bywelded ash flow tuff.
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 6 mineral claim blocks located in northern British Columbia . Oneclaim in the Mount Sidney Williams area (claim HN4), covers 1863hectares immediately south of and adjacent to the Decar Project,currently being advanced by FPX Resources, and 5 claims in theMitchell Range area, northeast of Decar, (N100 Group) covering 8659hectares. Three of the claims are subject to 2% NSR, including the(HN4 claim and the two southernmost claims of the N100 claim group).Both projects target the nickel-iron alloymineral “Awaruite”, hosted by serpentinized intrusive rocks of theTrembleur 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 programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward?looking. Forward?looking statements are not guaranteeing future performance and actualresults may vary materially from those statements. General businessconditions are factors that could cause actual results to varymaterially from forward?looking statements.
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