Bullboard - Stock Discussion Forum Surge Battery Metals Inc. V.NILI

Alternate Symbol(s): NILIF

Metals & Mining Industrial Metals & Minerals

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... see more

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TSXV:NILI - Post Discussion

Surge Battery Metals Inc. > NILI Chairman & Director on Latest Drill Results

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Post by MarketMakerss on Sep 22, 2023 2:07pm

NILI Chairman & Director on Latest Drill Results

Having recently hit 52-week highs amid a 540% run in the past 6 months, Surge Battery Metals (NILI.v NILIF) has emerged as a high-potential lithium opportunity as it develops its Nevada North Lithium Project, a rare, high-grade lithium clay discovery with world-class lithium grades.

Spanning ~5,180 total hectares with lithium grades averaging ~3-4 times higher than its peers, NILI's Nevada North Project recently returned multiple high-value zones ranging from 1,000ppm to 8070ppm lithium within 4 horizons from the first certified analytical results for the summer 2023 drilling program: https://surgebatterymetals.com/surge-announces-highest-grade-lithium-assays-to-date-with-up-to-8070-ppm-lithium-in-the-first-2023-hole-at-nevada-north-lithium-project/

With an overall average grade of 4,067ppm Li and an overall composite grade of 4,939 ppm Li, 8070ppm lithium was the standout highlight from these results, representing a 28% increase in weighted average composite grades compared to NILI's 2022 drill program.

As discussed in the latest interview, NILI Chairman and Director Graham Harris states that they are some of the highest-grade lithium results ever discovered in Nevada, emphasizing the significance of the structure drilled: https://www.youtube.com/watch?v=yTzY0zhBL7E&ab_channel=SurgeBatteryMetals

Further emphasizing the significance of these results, NILI's 2022 drill program showcased the immense growth and discovery potential at Nevada North as one of the 8 holes previously drilled outperformed all of the 300+ holes drilled at LAC's Thacker Pass, the largest North American lithium project with 3.6Mt @ 3,160ppm P&P.

Focused on advancing its Phase 2 program at Nevada North, Harris said to expect a range of catalysts this fall as assay results are returned from sonic drilling, ahead of the MRE in November. With the potential to increase its resource target to 4-6Mt LCE, NILI is on track for significant re-rating potential in the next 12 months as they near the PFS in the next 24 months.

Posted on behalf of Surge Battery Metals Inc.

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