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Be the first with the news that moves the market - Cruz (CRUZ) has intersected potential lithium-bearing clays at the Solar Lithium Project in Nevada
- The results include all four drill holes from the phase 3 program
- This follows lithium intersections in every drill hole from phases 1 and 2
- Cruz Battery Metals is focused on discovering a North American battery-grade lithium deposit
- Cruz Battery Metals (CRUZ) is down by 4 per cent, trading at $0.12 per share
Cruz (CRUZ) has intersected potential lithium-bearing clays at the Solar Lithium Project in Nevada.
The results include all four drill holes from the phase 3 program, one of which intersected more than 500 feet of green and black clays, shales and siltstone of the Siebert Formation.
The Siebert Formation is the same host rock for lithium mineralization on Solar Lithium, as well as its neighbour, American Lithium’s (LI) TLC Project.
Cruz remains well-funded, with more than $3 million in treasury.
“This is our first lithium drill program of 2023, and we anticipate at least 2 additional phases of drilling on the 8,135-acre Solar Lithium Project within this calendar year,” stated Jim Nelson, President of Cruz Battery Metals. “We are encouraged by the fact that the phase I and II drill programs discovered the presence of lithium in all holes drilled to date. We anticipate generating our maiden resource estimate in 2023.”
Cruz Battery Metals is focused on discovering a North American battery-grade lithium deposit.
Cruz Battery Metals (CRUZ) is down by 4 per cent, trading at $0.12 per share as of 10:05 am EST.