CELL Files NI 43-101 Report on Texas Spring Lithium Project Grid Battery Metals Inc. (Ticker: CELL.v or EVKRF for US investors) recently announced a significant milestone in its exploration journey with the filing of the NI 43-101 Technical Report on its Texas Spring Lithium Project.
The recently concluded Phase 1 exploration of the Texas Springs Property in fall 2023 yielded impressive results, aligning with the success at the adjacent Nevada North Lithium Property owned by Surge Battery Metals Inc.
The exploration included a CSAMT geophysical survey and detailed soil sampling, revealing average Lithium Grades of 2010 ppm (applying a 1,000 ppm cut-off) and reaching an impressive 5,610 ppm Lithium.
Texas Springs Lithium Property borders the Nevada North Lithium Project, where Surge Battery Metals reported groundbreaking results in its drilling programs, recording up to 8070 ppm Lithium on the Northern Nevada Lithium project.
Grid Battery Metals President & CEO, Mr. Tim Fernback, expressed enthusiasm, stating, "The recommendation for future exploration includes a multi-phase drilling program as a logical next step here on the property."
Notably, Nevada's consistent recognition as the #1 Mining Jurisdiction globally, according to the Fraser Institute's May 2023 ranking, adds to the strategic significance of Grid Battery Metals' projects in the region.
With approximately CAD$7.2 million in the treasury, Grid Battery Metals is well-positioned and fully funded for its 2024 exploration season. Mr. Fernback added, "The timing is good for the Company," reflecting confidence in the ongoing success of their lithium exploration endeavors.
The filing of the NI 43-101 report marks a pivotal moment for Grid Battery Metals, setting the stage for further advancements in the rapidly evolving landscape of battery metals exploration.
Full press release here: https://gridbatterymetals.com/grid-battery-metals-files-ni-43-101-report-on-texas-spring-lithium-project-in-nevada/
Posted on behalf of Grid Battery Metals Inc.