Cruz Battery Metals Corp. (CSE: CRUZ) has begun a phase-4 drill programme on the 8,135-acre Solar Lithium Project in Nevada.
To date, the company has now discovered the presence of lithium in every drill hole during the phase 1, 2 and 3 drill programmes.
“The phase-4 drill program,e is designed to test the eastern flank of the Solar Lithium Project, which has not had any drilling to date,” Director, Frank Bain, said.
“If Cruz can achieve similar lithium grades on the phase-4 drill programme that we’ve already encountered during the first three phases of drilling, it would significantly expand the known lithium footprint on this project.”
The ‘Solar Lithium Project’ directly borders American Lithium Corp.’s TLC project. On January 17, 2023, American Lithium Corp. announced a resource estimate for the TLC lithium claystone property containing 8.83Mt lithium carbonate equivalent (LCE) measured and indicated with another 1.86Mt LCE inferred.
“We look forward to stepping out to the East to explore a new area of this project. The phase-4 drill programme is Cruz’s second lithium drill programme of 2023, and we anticipate at least one additional phase of drilling on the 8,135-acre Solar Lithium Project within this calendar year,” Jim Nelson, President of Cruz Battery Metals, said.
“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 one of the largest landholders in the Big Smoky Valley of Nevada, directly bordering American Lithium.
“Cruz is well-funded to complete all planned drilling this year and we anticipate generating our maiden resource estimate before the end of the year. The remainder of 2023 will be very active as we enter a major news flow cycle with several potential catalysts ahead.”
For further information please visit: https://www.cruzbatterymetals.com/
