NILI: Looking to Expand Lithium Resource W/ Ongoing Drilling Amid the increasing demand for battery metals driven by the rapid growth of the electric vehicle market, Surge Battery Metals Inc. (ticker: NILI.v or NILIF for US investors), a Canadian-based mineral exploration company, stands as a key player with a sharp focus on lithium projects to fuel the green revolution.
With their recent US listing upgrade to the OTCQB, NILI.v closed 9% up today putting it up 30% over the week and up 217% over the past 6 months.
One of Surge's standout initiatives is the Nevada North Lithium Project (NNLP), situated in the Granite Range southeast of Jackpot, Nevada. The project has garnered substantial attention since its inaugural drilling phase in 2022, revealing a significant expanse of lithium-bearing clays spanning an impressive 1,620 meters from north to south.
With an average lithium concentration of 3,254 ppm in samples from these clays (employing a 1000 ppm cut-off) and mineralized horizons boasting widths of at least 400 meters, the project showcases high potential.
The second phase of drilling at NNLP is already in full swing, with the initial two holes completed. Out of the planned eight boreholes, seven have been strategically positioned to build upon the achievements of the 2022 drilling campaign.
Noteworthy is the potential to extend the known lithium-rich clay zone from 1,620 meters to 3,000 meters in certain locations, opening up new possibilities for a substantial lithium resource.
Full press release: https://surgebatterymetals.com/surge-battery-metals-upgrades-to-otcqb-venture-market-the-otcqb/ Posted on behalf of Surge Battery Metals Inc.