Cruz Battery Metals Corp. (CSE: CRUZ) has received strong results from a phase-3 drill programme on the wholly-owned, 8,135-acre Solar Lithium Project in Nevada.
The phase-3 drill programme discovered the presence of lithium in all four drill holes with a high value of 1,460 parts-per-million lithium (ppm Li). Hole-6 had a high of 1,460ppm Li including 871ppm Li over 50 feet. Hole-7 had a high of 1,220ppm Li including 873ppm Li over 47 feet, starting at 18ft. Hole-8 had a high of 1,240ppm Li. Hole-9 had a high of 1,160ppm Li.
“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,” Frank Bain, the on-site PGeo and a director of Cruz Battery Metals, said.
The project is located directly bordering 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 & indicated with another 1.86Mt LCE inferred.
Jim Nelson, President of Cruz Battery Metals, said the company is encouraged to have achieved lithium values higher than 1,160ppm Li in every hole of the phase-3 drill programme.
“We are immediately formulating a phase-4 drill programme. This was our first lithium drill programme of 2023, and we anticipate at least two additional phases of drilling on the 8,135-acre Solar Lithium Project within this calendar year.
“The phase 1, 2 & 3 drill programmes 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.” For further information please visit: https://www.cruzbatterymetals.com/
