Unveiling a Game-Changing 1.5km Expansion The surging demand for lithium, fueled primarily by the rapidly growing electric vehicle (EV) industry, has prompted nations worldwide to vie for stable lithium supplies. The EV boom is revolutionizing the automotive sector, creating an urgent need for a consistent lithium source.
While there is no shortage of lithium in the earth, the real challenge lies in identifying and developing viable projects. This is precisely where Surge Battery Metals (Ticker: NILI.v or OTC: NILIF ) comes into play. With substantial lithium resources in the United States and supported by government incentives like the Inflation Reduction Act, the company is well-positioned to meet the rising lithium demand through its Nevada North Lithium Project in Nevada, an area renowned for its lithium-rich resources.
The initial round of drilling for the Nevada North Project, completed in October 2022, yielded promising outcomes. It identified a significant mineralized zone of lithium-bearing clays with an impressive length of nearly 1,620 meters.
The average lithium content in all near-surface clay zones intersected during the 2022 drilling, using a 1,000 ppm cut-off, was 3,254 ppm, underscoring the project's considerable lithium potential.
Yesterday, Surge Battery Metals announced a big development in the Nevada North Lithium Project. Recent certified assay results have confirmed a remarkable 1.5-kilometer extension of lithium mineralization northwest of the 2022 drilling efforts. This expansion is a game-changer for the company.
At drill site location P, one drill hole returned high lithium grades ranging from 1,000 ppm to an impressive 5,670 ppm lithium. The highest-grade horizon within this hole has a thickness of 29.8 meters with an average grade of 3,841 ppm lithium, while the overall average grade was 3,682 ppm lithium.
Another promising drill hole at drill site location V produced sample results ranging from 1,000 ppm to 5,120 ppm lithium. The primary clay horizon within this hole begins at a depth of 78.5 meters, extends 21.3 meters in thickness, and grades at 3,064 ppm lithium.
Excitingly, a 2023 transient electromagnetic survey indicates that the near-surface claystone within the project thickens to the west, with reduced resistivity, hinting at the potential for even more substantial mineralization.
As the 2023 drill program progresses, Surge anticipates expanding the known lithium-rich clay to over 3,500 meters in length and increasing the mineralization's width to 950 meters. This presents a significant opportunity for investors in the electric vehicle industry.
Overall the highest lithium content retrieved from the project is an impressive 8070ppm.
Full news here: https://surgebatterymetals.com/surge-confirms-1-5km-extension-of-lithium-mineralization-with-gradesup-to-5670-ppm-lithium-from-holes-2303-and-2304/
Posted on behalf of Surge Battery Metals Inc.