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Surge Battery Metals Inc. V.NILI

Alternate Symbol(s):  NILIF

Surge Battery Metals Inc. is a Canadian-based company. The Company’s Nevada North Lithium Project flagship property is dedicated to exploring clean high-grade lithium energy metals in Nevada USA - essential for powering tomorrow's electric vehicles. The Company’s management team boasts a strong track record of delivering significant shareholder value. The Company is led by a board and management team with seasoned lithium experts, who previously played pivotal roles in the successful Millennial Lithium venture (sold to Lithium Americas for US$491 million).


TSXV:NILI - Post by User

Post by amxjavelinon Dec 11, 2022 11:13am
336 Views
Post# 35164639

SURGE BATTERY METALS ANNOUNCES STRONG

SURGE BATTERY METALS ANNOUNCES STRONG

 

Surge Battery drills 16.76 m of 3,826 ppm Li at Nevada

 

2022-12-08 09:43 ET - News Release

 

Mr. Greg Reimer reports

SURGE BATTERY METALS ANNOUNCES STRONG LITHIUM RESULTS FROM DRILL HOLES ONE AND SIX AT THE NEVADA NORTH LITHIUM PROJECT

Surge Battery Metals Inc. has released additional assay results from recent drilling at the 100-per-cent-owned Nevada North lithium project in Elko county, Nevada. Assay results confirm layered zones containing significant lithium clay content further confirming the potential for a high tenor lithium clay deposit.

The tables herein list the significant intercepts in each of two holes where interval averages are calculated using a 1,000-part-per-million lithium cut-off value with no internal dilution. All holes were drilled vertically using reverse circulation percussion drilling methods.

Early in the drill program, partial results obtained from drill hole NN2201 confirmed the potential for a significant lithium discovery. Complete results for the hole have not been available until now due to staffing problems at the analytical lab. Hole NN2201 was drilled to test an area of strong lithium in soil values.

Results in the associated table are from drill hole NN2206, drilled within an area of strong soil values near outcrops of a welded tuff unit. The welded tuff appears to be the basement rock of the volcano-tectonic basin hosting the lithium rich sediments.

Overall, the intercepts in the four holes near and along the central ridge line (holes NN2201 and holes NN2203 through NN2205) represent over 500 metres (1,500 feet) of strike length of strong lithium mineralization.

The position of the mineralized beds suggests the lithium-rich claystone layers may be very extensive laterally. The same three mineralized horizons are in holes NN2201, 03, 04 and 05, with NN2205 being located 660 metres to the northwest of discovery hole NN2201. The same pattern of claystone and blue-grey clay is seen in both drill holes NN2207 and NN2208, which are located 800 m and 1,100 m to the southwest of drill hole NN2201. Results from these holes are expected shortly.

Generally, mineralization is found in three distinct horizons of silty, weakly calcareous claystone and with seams of blue-grey clay. Sedimentary textures are not well preserved in the chips, so the depositional environment is not clear, but it is thought to be in a lakebed environment. Rocks between the productive horizon are mostly reduced felsic air fall tuffs and tuffaceous siltstone. All holes ended in coarse cobble to pebble conglomerate or ash flow tuff. The lower tuff shows moderate propylitic alteration with replacement of mafic minerals by chlorite and disseminated pyrite.

While the property has several similarities to the Thacker Pass deposit, the Nevada North lithium project is located some 290 kilometres east of the McDermitt caldera in what is likely a completely new lithium district.

Quality assurance/quality control and data verification

Drilling utilized a buggy-mounted system provided by O'Keefe Drilling Company of Butte, Mont. Site preparation and water handling was provided by Legarza Exploration of Elko, Nev. Drill cuttings were collected on five foot intervals and bagged at the drill site by O'Keefe staff. Samples were collected from the site by the Surge project geologist/qualified person (QP) and delivered to the ALS Global sample preparation facility in Twin Falls, Idaho. Samples were dried, crushed and pulverized at the Twin Falls facility, and sent to the North Vancouver ALS laboratories for analysis. Samples were assayed using the ALS ICP-41 method using an aqua regia leach followed by ICP (inductively coupled plasma) optical emission spectrography. The detection levels of lithium by this method are 10 ppm to 10,000 ppm.

Quality control standards (MEG-Li.10.11) inserted into the sample submittal returned values well within expected range (750 ppm Li) using this method. Results for internal standards and duplicates provided by ALS were well within accepted values.

Qualified person as defined under National Instrument 43-101 -- Alan J. Morris of Spring Creek, Nev., a qualified person as defined under Nation Instrument 43-101, has reviewed and approved the technical aspects of this news release.

About Surge Battery Metals Inc.

The company is a Canadian-based mineral exploration company active in the exploration for nickel-iron alloy in British Columbia and lithium in Nevada, whose primary listing is on the TSX Venture Exchange. The company maintains a focus on exploration for high-value battery metals required for the electric vehicle (EV) market.

Nevada lithium projects

The company owns a 100-per-cent interest in 154 mineral claims located in Elko county, Nevada. The Nevada North lithium project is in the Granite Range southeast of Jackpot, Nev., about 73 km north-northeast of Wells, Nev. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Jarbidge rhyolite package. The project area was first identified in public domain stream sediment geochemical data with follow-up sediment sampling and geologic reconnaissance returning assay results for lithium ranging from 29.1 ppm to 5,120 ppm. Significant results included 89 samples outlining a highly anomalous zone containing sample points greater than 1,000 ppm lithium. Currently, the zone of highly anomalous lithium values extends about 1,700 metres east-west in two bands each about 300 to 400 metres wide. The anomalous values appear to be in soils developed on air fall or water lain rhyolitic tuff overlain by welded ash flow tuff.

In addition, the company has a property option agreement to earn an undivided 80-per-cent interest in 16 mineral claims, comprising 640 acres located within Nevada's San Emidio desert, known as the Galt property. Recent mineral exploration on the Galt claim group includes 51 playa sediment samples collected for chemical analysis at ALS Geochemistry in Vancouver, B.C. Results of aqua regia leaching of the samples show 68 ppm to 852 ppm lithium (mean 365 ppm), 5.3 ppm to 201 ppm cesium (mean 72 ppm) and 35 ppm to 377 ppm rubidium (mean 180 ppm). Results from two seven-foot-deep auger holes show lithium, cesium and rubidium concentrations in the range of 143.5 ppm to 773 ppm Li, 56.8 ppm to 102.5 ppm Cs and 155 ppm to 272 ppm Rb.

Finally, the company owns a 100-per-cent interest in the Teels Marsh project, a 663-hectare (1,640-acre) property located in Mineral county, Nevada. The property is in an active region for both lithium exploration and production.

Nickel projects, Northern British Columbia

The company has a property option agreement to earn an undivided 80-per-cent interest in certain mineral claims from Nickel Rock Resources Inc. The project (the Surge nickel project) consists of two non-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 1,863 hectares immediately south of and adjacent to the Decar project, currently being advanced by FPX Resources, and five claims in the Mitchell Range area, northeast of Decar, (N100 group), covering 8,659 hectares. Three of the claims are subject to 2-per-cent net smelter return, including the HN4 claim and the two southernmost claims of the N100 claim group. Both projects target the nickel-iron alloy mineral Awaruite, hosted by serpentinized intrusive rocks of the Trembleur ultramafic unit.

We seek Safe Harbor.

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