- Cruz Battery Metals (CSE:CRUZ) is expecting to start a phase-4 drill program shortly on its Solar Lithium Project in Nevada
- The company is coming off a successful phase-3 drill program, where lithium was discovered in every hole, and expects being able to commence a phase-4 drill program soon
- The Cruz team has discovered the presence of lithium in every drill hole during the first, second, and third phase of its drill programs
- Cruz Battery Metals Corp. (CSE:CRUZ) stocks opened trading at $0.09 per share
Cruz Battery Metals (CSE:CRUZ) is expecting to start a phase-4 drill program shortly on its Solar Lithium Project in Nevada.
Cruz Battery Metals’ President, Jim Nelson said that coming off a successful phase-3 drill program, where lithium was discovered in every hole, the company expects being able to commence a phase-4 drill program soon.
“The upcoming phase-4 drill program will be Cruz’s second lithium drill program of 2023, and we anticipate at least one additional phase of drilling on the 8,135-acre Solar Lithium Project within this calendar year. To date, all three phases of drilling have discovered the presence of lithium in every hole, and we’ve still only explored a small fraction of the property. 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. Cruz’s goal is to locate and provide a new, domestically sourced, battery grade lithium deposit.”
The company’s 100-per cent owned, 33 sq. km. Solar Lithium Project directly borders American Lithium Corp.’s (TSX:LI) TLC project. So far, the Cruz team has discovered the presence of lithium in every drill hole during the first, second, and third phase of its drill programs.
On January 17, 2023, American Lithium announced a resource estimate, in an independent National Instrument 43-101 report for the TLC lithium claystone property, containing 8.83 million tonnes lithium carbonate equivalent (LCE) measured and indicated with another 1.86 million tonnes LCE inferred.
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 $0.09 per share.
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