Resource World Magazine Profiles CELL.v Resource World Magazine released an interesting profile on Grid Battery Metals (CELL.v EVKRF) yesterday, shedding light on the company's strategic shift and successful endeavors in the battery metals sector. The article highlighted Grids's Nevada lithium portfolio which is comprised of three highly prospective properties:
Texas Springs Property: Covering around 2,500 hectares in Elko County, the company has just completed the first phase of exploration, including soil sampling and geophysical surveys to identify lithium concentrations at the surface and geological features at depth. The project is contiguous with and immediately south of Surge Battery Metals' (NILI.v) Nevada North Lithium Project property which recently reported lithium concentrations of up to 8,070 parts per million.
Clayton Valley Property: Spanning 2,300 acres and located north of the Silver Peak Lithium Project, the only producing lithium mine in the US, the Clayton Valley project focuses on both brine and clay-hosted lithium deposits. The company has inferred the presence of a sub-basin, possibly representing a secondary trap for lithium brines.
Volt Canyon Lithium Property: Grid has staked 80 placer claims covering approximately 635 hectares of alluvial sediments believed to be sourced from claystone deposits. Limited exploration has returned promising results, with regional sediment samples showing lithium concentrations of up to 108 parts per million.
The article also points out Grid's robust financial position. They have funding secured for future exploration programs until the end of 2024, thanks to a treasury of $9 million, comprising cash and shares in other public companies. This includes a significant position in Surge Battery Metals (NILI.v).
Full article here: https://resourceworld.com/grid-battery-metals-is-staged-for-success-at-is-explores-for-lithium-in-nevada/