- Grid Battery Metals (TSXV:CELL) has completed its reverse circulation drilling program on its claim block at Silver Peak, Clayton Valley in Nevada
- The drilling program culminated with the final hole reaching a depth of 353 metres, aimed at exploring significant sections of potential lithium-bearing sediments within the property
- In total, five holes were drilled, amounting to 1,441 metres of exploration. Initially, four holes were planned; however, a fifth hole (RCV-08) was added after the sixth hole (RCV-06) was lost due to challenging ground conditions
- Grid Battery Metals Inc. opened trading at $0.03
Grid Battery Metals (TSXV:CELL) has completed its reverse circulation drilling program on its claim block at Silver Peak, Clayton Valley in Nevada.
“Now that our fall drilling program at our Clayton Valley Lithium Project has been successfully completed, we are eagerly awaiting the lithium assay results from the lab,” Tim Fernback, CEO of Grid Battery Metals, said in a statement. “One of the stated goals of the planned drilling program was to test the depth of the accumulated lithium brine and claystones on our property. With this knowledge, we can propose a significant follow-on exploration program that will work towards an eventual maiden resource calculation and NI# 43-101 Preliminary Economic Assessment.”
The land package encompasses approximately 9.30 square km. and is located next to the western edge of lithium producer Albemarle’s (NYSE:ALB) evaporation ponds and near Century Lithium Corp.’s (TSXV:LCE) proposed 22 square km. Angel Island Lithium Mine, which recently announced a Positive Feasibility Study projecting a 40-year mine life and an after-tax net present value of $3.01 billion.
(Area map (Clayton Valley Lithium Project) Source: Grid Battery Metals.)
The drilling program culminated with the final hole reaching a depth of 353 metres, aimed at exploring significant sections of potential lithium-bearing sediments within the property. In total, five holes were drilled, amounting to 1,441 metres of exploration. Initially, four holes were planned; however, a fifth hole (RCV-08) was added after the sixth hole (RCV-06) was lost due to challenging ground conditions.
Throughout the drilling process, the team encountered highly variable conditions, including elevated water temperatures and volumes. The lithologies varied significantly from hole to hole, but most revealed signs of hot spring-style alteration within the first 180 metres, identified by the presence of travertine and tufa. Several heavy clay layers were also discovered, which may have originated from tuff units. The final hole (RCV-08) was halted due to an impenetrable zone of heavy brick-red ball clay.
In the Clayton Valley, the presence of sinter, travertine, and tufa serves as surface indicators of geothermal waters capable of leaching and mobilizing lithium from deeper ash layers, further underscoring the potential of Grid Battery Metals’ claims.
As the company moves forward, these findings will be crucial in assessing the viability of lithium extraction in this promising region, contributing to the growing demand for sustainable energy solutions.
Grid Battery Metals is a Canadian exploration company with a focus on exploration for high-value battery metals for the electric vehicle market.
Grid Battery Metals Inc. (TSXV:CELL) opened trading at $0.03.
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(Top image of exploration from the Clayton Valley Lithium Project: Grid Battery Metals)