- Surge Battery Metals (TSXV:NILI) mobilized drilling equipment and crews for the second round of drilling at its Nevada North Lithium Project
- The current drilling program follows the discovery program of 2022 that revealed lithium enrichment in sediments along a strike length of 1,620 metres
- The new program will test an expanded footprint to greater depth. Results of the geophysics program indicated greater thicknesses of the target sedimentary unit
- Surge Battery Metals stock (TSXV:NILI). opened trading at $0.53 at per share
Surge Battery Metals (TSXV:NILI) mobilized drilling equipment and crews for the second round of drilling at its Nevada North Lithium Project.
The current drilling program follows the discovery program of 2022 that revealed lithium enrichment in sediments along a strike length of 1,620 metres, with individual intercepts of up to 78 metres at a weighted average 3,245 parts-per million (ppm) Li, with values as high as 5,950 ppm Li, and the highest grade hole overall with 120 metres grading a weighted average 3,943 ppm Li.
The new program will test an expanded footprint to greater depth. Results of the geophysics program indicated greater thicknesses of the target sedimentary unit to depths of 300 metres. The strike length will also be extended to 3,000 metres from 1,620 metres. The width will also be extended to 920 metres from 350 metres. On site, Surge geologists will be using a hand-held laser-induced breakdown spectroscopy (LIBS) device to determine semi-quantitative values for lithium directly from the cores.
Surge Battery Metals President and CEO Greg Reimer said in a news release that the team is keen to follow up on the results of the previous drilling campaign to further expand and define the mineralization in readiness to announce a resource by Q4 2023.
“Incorporating the initial results of our geophysics program, we are encouraged at the prospect of further defining and extending the footprint, depth and thickness of the lithium-clay mineralization. With in excess of $9.5 million in the treasury, we are well funded to complete our exploration and development plans,” Reimer said in a statement.
The company’s flagship Nevada North Lithium Project in Elko County consists of 303 mineral claims, located in the Granite Range, 73 kilometres north-northeast of Wells, Nevada.
Surge Battery Metals Inc. is a mineral exploration company focused on nickel-iron alloy in British Columbia and lithium in Nevada to supply the electric vehicle market.
Surge Battery Metals Inc. opened trading $0.53 at per share.
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