Cruz (CRUZ) is planning a phase II drilling program on its Solar Lithium Project in Nevada.
The program will focus on multiple intercepts of a targeted potential lithium-bearing claystone formation from phase I, including values as high as 1,300 ppm/Li.
The project, which is 100-per-cent owned, encompasses 8,135 contiguous acres directly bordering American Lithium’s Tonopah Lithium Claims Project.
“Now that we know there is significant lithium present, we are happy to announce that we are planning an aggressive follow-up drill program on the Solar Lithium Project in Nevada,” stated Jim Nelson, President of Cruz. “The Solar Lithium property is one of the largest in the region, and we have drilled less than 10 per cent of this large land package. Our goal is to locate and provide a new, domestically sourced, battery-grade lithium deposit.”
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 4.17 per cent trading at $0.25 per share as of 10:22 am EST.