Surge Battery Metals Reports Favorable Claystone Intercepts of 114.4 Meters in Hole NN2007 and 73.15 Meters in Hole NN2008 With Assay Results Pending
COQUITLAM, BC / ACCESSWIRE / December 28, 2022 / Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) is pleased to present geological information from the logging of drill holes NN2207 and NN2008 while the Company awaits final analysis from drilling at the Project 100% Nevada-owned Northern Lithium in Elko County, Nevada.
The previously published assay results (refer to News Release dated 8’22 December) confirmed the presence of significant lithium values contained within interlayered zones of blue-gray shale and mudstone in drill holes NN2201 to NN2006 ( see plan map). The company believes this indicates the potential for a high lithium shale deposit.
While assays have not yet been obtained from the laboratory, the same unit of shale and blue-gray mudstone was intersected in holes NN2207 and NN2208, some 790 and 1130 meters south and south-southeast of discovery hole NN2201.
Hole NN2207 cut a much thicker section of favorable shale than encountered in holes NN2201, NN2203, 04 and 05. Hole NN2207 cutting 114.3 meters (375 feet) of shale compared to the average of 45.7 meters (150 feet). Visually, the clay beds and especially the blue-gray clay beds within the package are identical to those bearing high-grade lithium.
Hole NN2208 was located in the anomalous soil geochemistry ca 354 meters south-southwest of NN2207. This cut hole 73.15 meters (240 feet) of favorable claystone, still well above average for the four holes in the north-northeast. The hole was cut to 300 feet due to time and budget constraints and did not penetrate the welded basement pumice.
The potential for lithium values within both drill holes is supported by soil geochemistry collected along the shale slope exposure south of NN2207. Soil samples previously collected downslope (section) of this training site returned analytical values of 4,940, 2040, 3640, 1090 and 1440 ppm lithium. These samples were collected at 50-meter intervals with a total elevation change of about 36 meters (120 ft) and are listed in descending order of elevation.
Qualified person as defined in National Instrument 43-101
Alan J. Morris of Spring Creek, Nevada, a qualified person as defined in Nation Instrument 43-101 has reviewed and approved the technical aspects of this news release.
Figure 1. Borehole location map
About Surge Battery Metals Inc. surgebatterymetals.com
The company is a Canadian mineral exploration company active in the exploration of nickel-iron alloys in British Columbia and lithium in Nevada, whose primary listing is on the TSX Venture Exchange. The company maintains a focus on researching the high-value battery metals needed for the electric vehicle (EV) market.
Nevada lithium projects
The Company owns a 100% interest in 154 mineral claims located in Elko County, Nevada. of Northern Nevada Lithium Project is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic pumice and tuff sediments of the Jarbridge Rhyolite package. The project area was first identified in public stream sediment geochemical records with subsequent sediment sampling and geologic assay results for lithium ranging from 29.1 ppm to 5120 ppm. Significant results included 89 samples describing a highly anomalous area containing sample points greater than 1000 ppm lithium. Currently, the zone of highly anomalous lithium values extends about 1,700 meters east-west in two bands each about 300 to 400 meters wide. Anomalous values appear to be in soils developed during airfall or water-bedded rhyolitic pumice overlain by adjacent ash pumice.
In addition, the Company has a Property Option Agreement to acquire an 80% undivided interest in 16 mineral claims, comprising 640 acres located within the San Emidio Desert of Nevada, known as Galt property. Recent mineral exploration in the Galt claim group includes 51 playa sediment samples collected for chemical analysis at ALS Geochemistry in Vancouver, BC Results of aqua regia leaching of the samples indicate 68 to 852 parts per million lithium (average 365 ppm), 5.3 to 201 ppm cesium (average 72 ppm) and 35 to 377 ppm rubidium (average 180 ppm). Results from two seven-meter-deep rubber holes show lithium, cesium, and rubidium concentrations ranging from 143.5 to 773 ppm Li, 56.8 to 102.5 ppm Cs, and 155 to 272 Rb.
Finally, the company owns a 100% interest in 663 ha (1,640 acres) of property in The Teels Marsh Project located in Mineral County, Nevada. The property is in an active region for both lithium exploration and production.
Nickel Projects, Northern BC
The Company has a Property Option Agreement to acquire an 80% undivided interest in certain mineral claims from Nickel Rock Resources Inc. The Project (Surge Nickel Project) consists of two non-contiguous clusters of mineral claims consisting of 6 mineral claim blocks located in the north. British Columbia. One claim in the Mount Sidney Williams area (HN4 claim), covering 1,863 hectares immediately south of and adjacent to the Decar Project, currently being advanced by FPX Resources, and 5 claims in the Mitchell Range area, northeast of Decar, (N100 Group) covering 8659 hectares. Three of the claims are subject to 2% NSR, including (HN4 claim and the two southernmost claims of the N100 claim group). Both projects target the nickel-iron alloy mineral “Awaruite,” hosted by serpentinized intrusive rocks of the Trembleur Ultramafic Unit.
On behalf of the Board of Directors
Greg Reimer, President and CEO
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this publication. This news release may contain forward-looking statements which include, but are not limited to, comments involving future events and conditions, which are subject to various risks and uncertainties. In addition to statements of historical fact, comments addressing resource potential, future work programs, geological interpretations, acquisition and security of mineral titles, availability of funds and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may differ materially from those statements. General business conditions are factors that could cause actual results to differ materially from forward-looking statements.
SOURCE: Surge Battery Metals Inc.
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