Cruz Battery Metals (CRUZ) has sampled up to 1,610 ppm Li from its Solar Lithium Project in Nevada.
The result is part of five samples returning values higher than 1,059 ppm Li.
Cruz plans to drill the project imminently to test high-grade target areas.
Solar Lithium is directly bordering American Lithium's Tonopah Lithium Claims Project, which currently contains 5.37 Mt lithium carbonate equivalent measured and indicated with another 1.76 Mt inferred.
Jim Nelson, President of Cruz Battery Metals, stated,
"We are about to come into a major news flow cycle and management remains confident that 2021 will be a transformative year for the company as Cruz has multiple strategically located, and ethically sourced, lithium and cobalt projects in North America.
We are working diligently to increase shareholder value and we are optimistic about the company's growth potential for the remainder of 2021 and beyond."
Cruz Battery Metals acquires and develops high-grade metals projects for the rechargeable battery and renewable energy sectors.
Cruz Battery Metals (CRUZ) is up by 4.35 per cent and is currently trading at $0.12 per share as of 10:02 am ET.