Grid Battery Metals Announces Soil Sample Results at the Texas Springs Nevada Lithium Project Showing Average Lithium Grades of 2010 ppm
NEWS RELEASE
Grid Battery Metals Announces Soil Sample Results at the Texas Springs
Nevada Lithium Project Showing Average Lithium Grades of 2010 ppm
Coquitlam, BC – December 14, 2023- Grid Battery Metals Inc. (the “Company” or “Grid
Battery”) (TSXV: CELL, OTCQB: EVKRF, FRA: NMK2) announces the completed soil sample results
from the first phase of its fall exploration program at its Texas Springs Property near Elko Nevada.
Background: Grid’s Texas Spring Nevada Lithium Property
The Texas Springs Lithium Property adjoins the southern border of the Nevada North Lithium
Project - owned by Surge Battery Metals Inc. (“Surge”) (TSXV: NILI, OTC: NILIF). Surge's first round
of drilling identified strongly mineralized lithium bearing clays. The average lithium content within
all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was
3254 ppm. On September 12, 2023, Surge announced some exciting results of its most recent
drilling program at this property, and recorded its highest grades to date, with up to 8070 ppm
Lithium on the Northern Nevada Lithium project. These results were followed up on December 5,
2023 with a subsequent drill program yielding core drilling intercepts with assays over 7,630 ppm
and multiple horizons upon deeper drilling performed.
Grid Battery Metals Inc..
3028 Quadra Court
Coquitlam, BC, V3B 5X6
604- 428-5690
www.gridbatterymetals.com
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Texas Spring Lithium Property Soil Sample Grid
Tim Fernback, Grid President & CEO comments “Now that the first phase of the exploration program
is complete, we plan to gather as a group to interpret the geological data and plan our next steps at
Texas Springs for the upcoming 2024 exploration season. We have some encouraging results to
discuss, which is great news for our shareholders.”
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Mr. Seth Cude, P.G., Grid’s Qualified Person comments on the results of the program “The soil
sampling shows zones of strong lithium concentrations in the northwestern region of the Texas
Spring Lithium property which are on trend with strong soil results from Surge Battery Metal’s
Nevada North Lithium project. In addition, the CSAMT data shows the Texas Spring Property exhibits
several near horizontal to gently dipping subsurface horizons which may have served as paleo
accumulation basins, collecting lithium bearing clays. This information, combined with the soil assay,
will help us propose excellent future drilling targets.”
Soil Sample Summary Results (Phase 1 Exploration Plan)
Highlights:
High grade zone in the north of > 1000ppm at lengths of 850 m x 475 m and a second high
grade zone to the south of with lengths of 200 x 175 m
Clear high grade lithium zone in the northern portion of the project area is on trend with the
high-grade soil samples collected in the Surge property to the north
There are 6 soil samples with Li grades over 3,000 ppm.
A total of 810 samples were collected with values ranging from 10ppm to 5610 ppm
40 samples had grades >= 1000 ppm
Using a 1000 ppm cutoff there was an average of 2010 ppm
Sample ID Easting Northing Sample Depth Li (ppm)
TS 088 704270 4614840 Surface 5610
TS 089 704272 4614740 Surface 1550
TS 090 704272 4614650 Surface 2090
TS 097 704319 4614840 Surface 5250
TS 099 704320 4614640 Surface 1700
TS 135 704519 4614240 Surface 1880
TS 138 704570 4614740 Surface 3160
TS 139 704570 4614640 Surface 2890
TS 153 704675 4614840 Surface 1880
TS 163 704721 4614640 Surface 2570
TS 164 704722 4614540 Surface 3960
TS 165 704720 4614440 Surface 1730
TS 169 704766 4614840 Surface 3110
TS 185 704868 4614840 Surface 2840
TS 189 704864 4614440 Surface 2060
TS 193 704918 4614840 Surface 1990
TS 194 704922 4614740 Surface 1830
TS 197 704912 4614440 Surface 1630
TS 209 705020 4614840 Surface 3020
TS 217 705068 4614840 Surface 2790
TS 225 705117 4614840 Surface 2130
TS 233 705166 4614840 Surface 1540
TS 238 705171 4614340 Surface 1560
TS 249 705221 4614040 Surface 2290
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Sample ID Easting Northing Sample Depth
Li
(ppm)
TS 088 704270 4614840 Surface 5610
TS 089 704272 4614740 Surface 1550
TS 090 704272 4614650 Surface 2090
TS 097 704319 4614840 Surface 5250
TS 099 704320 4614640 Surface 1700
TS 135 704519 4614240 Surface 1880
TS 138 704570 4614740 Surface 3160
TS 139 704570 4614640 Surface 2890
TS 153 704675 4614840 Surface 1880
TS 163 704721 4614640 Surface 2570
TS 164 704722 4614540 Surface 3960
TS 165 704720 4614440 Surface 1730
TS 169 704766 4614840 Surface 3110
TS 185 704868 4614840 Surface 2840
TS 189 704864 4614440 Surface 2060
TS 193 704918 4614840 Surface 1990
TS 194 704922 4614740 Surface 1830
TS 197 704912 4614440 Surface 1630
TS 209 705020 4614840 Surface 3020
TS 217 705068 4614840 Surface 2790
TS 225 705117 4614840 Surface 2130
TS 233 705166 4614840 Surface 1540
TS 238 705171 4614340 Surface 1560
TS 249 705221 4614040 Surface 2290
QA/QC
Duplicate samples were taken approximately 1 in every 20 and showed excellent correlation with
the originals with an r2 value of 0.9963 and a difference in average values of 2%. Standards were also
inserted approximately 1 in 20 and showed an average variation of 7% with a range of 40ppm.
Sampling Protocols
GPS units with the sample locations loaded were used by the field crew to locate the sample location,
and tracks GPS are taken to locate the actual location of the soil sample. Samples were taken from the
b horizon and composited and sieved over a depth of 10 to 12 inches, which is standard sampling
methodology for soils. Samples were transported and secured by Rangefront from the site and then
were transported directly to ALS labs in Elko by Rangefront. The samples were dried and sieved to
180 microns (80 mesh) and assayed using 36 element ME-ICP41 aqua regia analysis.
Tim Fernback, Grid President & CEO comments “Completing both a detailed geophysical survey and
soil sampling program is part of a methodical and systematic approach to high quality mineral
exploration for claystone lithium deposits in Nevada and will allow us to select drill targets for
subsequent exploration programs in the future. “
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Qualified Person
Mr. Seth Cude, P.G. is a Qualified Person as defined by National Instrument 43-101 and has approved
the technical information contained within this news release.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX
Venture Exchange. The Company’s maintains a focus on exploration for high value battery metals
required for the electric vehicle (EV) market. www.gridbatterymetals.com.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode
claims located in Elko County, Nevada. The Property 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
tuff and tuffaceous sediments of the Humbolt Formation.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned
by Surge Battery Metals Inc. (“Surge”) ( TSXV: NILI, OTC: NILIF ) and comprised of 303 mineral
claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The
average lithium content within all near surface clay zones intersected in the 2022 drilling program,
applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023 ). More recent results
have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release
September 12, 2023).
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 hectares
in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great
Basin extension and is still active due to movement along the Walker Lane structural zone. As a
result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from
multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old
Long Valley Caldera system and related events. These ash layers are thought to contribute to the
lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed
lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of
alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia, Nickel Projects
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares
in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX
Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division.
Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel
mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block
covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and
chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has
been documented.
On Behalf of the Board of Directors
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“Tim Fernback”
Tim Fernback, President & CEO
Contact Information:
Email: [email protected]
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release
may contain forward-looking statements which include, but are not limited to, comments that involve future
events and conditions, which are subject to various risks and uncertainties. Except for statements of historical
facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking
statements are not guarantees of future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary materially from
forward-looking statements.