Surge Battery Metals Inc. V.NILI

OTCQB Venture Market Listing

[MarketMakerss]

On a substantial upward trend of over 165% in the past 6 months, Surge Battery Metals (NILI.v NILIF) has gained substantial momentum in the market and recently received approval to upgrade to the OTCQB Venture Market.

\
This news follows the commencement of NILI's second phase of drilling at its Nevada North Lithium Project having successfully completed the initial two holes.

Spanning ~5,180 total hectares, Nevada North boasts significant lithium content ranging from 29.1 ppm to 5,120 ppm, including 274 samples of 508 carrying 1,000 ppm Li or greater.

This stage of exploration aims to extend and confirm the presence of lithium-rich clay beds previously identified in last year's assessments with the drill pad locations targeting enhanced mineralization.

Seven of the planned eight holes represent step-out holes from the 2022 drill program, highlighted by Site "V" having the potential to extend the known lithium-rich clay from the current 1,620m strike length to more than 3000m.

Site "Q" will test the known width of the mineralization to 950 m from the previously drill-indicated 400 meters and the stratigraphic characteristics and intercepts of the favourable claystone encountered in the first two holes are consistent with the 2022 drilling results.

Notably, one of the 8 holes drilled by NILI prior to this program exceeded the 300+ holes drilled at Lithium America's (LAC, $2.7B market cap) Thacker Pass, the largest North American lithium project with 3.6Mt @ 3,160ppm P&P - indicating the substantial growth and discovery potential NILI faces with this program.

Full News Release: https://surgebatterymetals.com/surge-battery-metals-announces-phase-2-drilling-underway-with-two-holes-complete/

Posted on behalf of Surge Battery Metals Inc.