- Cruz (CRUZ) has received results from the phase-3 drill program on its Solar Lithium Project in Nevada
- Cruz unearthed lithium in every hole of the program, including the highest lithium value to date
- The drill program was comprised of four core holes on the 100-percent owned 32.92 sq. km. Solar Lithium Project in Nevada, directly bordering the TLC Project under American Lithium Corp. (TSXV:LI)
- Cruz Battery Metals (CRUZ) opened trading at $0.10 per share
Cruz (CRUZ) has received results from the phase-3 drill program on its Solar Lithium Project in Nevada.
Cruz unearthed lithium in all four drill holes of the program, including the highest lithium value to date.
Hole-6 had a high of 1,460 parts-per-million lithium (ppm Li) Li including 871 ppm Li over 15.2 metres. Hole-7 had a high of 1,220 ppm Li including 873 ppm Li over 14.3 metres, starting at 5.4 metres. Hole-8 had a high of 1,240 ppm Li. Hole-9 had a high of 1,160 ppm Li.
The drill program was comprised of four core holes on the 100-percent owned 32.92 sq. km. Solar Lithium Project in Nevada, directly bordering the TLC Project under American Lithium Corp. (TSXV:LI).
Source: Cruz Battery Metals Corp.
Frank Bain, the on-site PGeo and a director of Cruz Battery Metals stated, “We are pleased to have expanded the lithium footprint on this property, encountering lithium in each hole helps to validate the merit of this large project.”
Jim Nelson, President of Cruz Battery Metals, added that these values were encouraging, and the team is immediately formulating a phase-4 drill program.
“This was our first lithium drill program of 2023, and we anticipate at least 2 additional phases of drilling on the Solar Lithium Project within this calendar year. The phase 1, 2 and 3 drill programs discovered the presence of lithium in every hole drilled and we’ve only explored a small fraction of property to date. Cruz is well-funded to complete all planned drilling this year and we anticipate generating our maiden resource estimate in 2023. We are one of the largest landholders in the Big Smoky Valley of Nevada, directly bordering American Lithium who recently announced a substantial increase to their resource estimate. Cruz’s goal is to locate and provide a new, domestically sourced, battery grade lithium deposit.”
Cruz Battery Metals is focused on discovering a North American battery-grade lithium deposit. The company has two lithium projects in Nevada, the Solar Lithium Project and the Clayton Valley Lithium Project. According to the company, it is one of the largest landholders in the surrounding Big Smoky Valley.
Cruz Battery Metals (CRUZ) opened trading at $0.10 per share.