Grid Battery Metals Announces the Geophysics Results from Phase 1 of its Exploration Plan at the Texas Springs Nevada Lithium Project
NEWS RELEASE
Grid Battery Metals Announces the Geophysics Results from Phase 1 of
its Exploration Plan at the Texas Springs Nevada Lithium Project
Coquitlam, BC – December 8, 2023- Grid Battery Metals Inc. (the “Company” or “Grid
Battery”) (TSXV: CELL, OTCQB: EVKRF, FRA: NMK2 ) announces the completed geophysics results
from the first phase of its fall exploration program at its Texas Springs Property near Elko Nevada.
Texas Spring Nevada Lithium Property
Phase 1 Exploration Program Recap
At the Texas Springs Lithium Project, the Company contracted the services of Rangefront Geological
(“Rangefront”) to perform both a detailed soil sampling on a 50 m X 100 m spacing and to oversee a
CSAMT geophysical survey performed by KLM Geoscience. The CSAMT survey is a method for
obtaining information about subsurface resistivity and geology, which can help predict geological
structure and interfaces of potentially lithium bearing geologic units, while the detailed surface
sampling will allow us to determine lithium values at surface.
Grid Battery Metals Inc..
3028 Quadra Court
Coquitlam, BC, V3B 5X6
604- 428-5690
www.gridbatterymetals.com
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Together these geological techniques should help predict geological structure and possible locations
of historic lithium accumulation. This is part of a methodical and systematic approach to high quality
mineral exploration for this highly sought after metal in Nevada and will assist the Company in
determining next steps for the overall exploration plan, including but not limited to a subsequent
drilling program.
Soil Sample Grid Completed
CSAMT Geophysical Survey Results
While the results from the associated soil sampling program are expected next week once our
geological team completes their review of the data, the results from the CSAMT geophysical survey
are as follows:
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Mr. Seth Cude, P.G., Grid’s Qualified Person comments on the results of the program “The CSAMT
survey shows several near horizontal to gently dipping subsurface horizons which may have served
as paleo accumulation basins, collecting lithium bearing clays. Tieng these subsurface structures to
the surface soil analysis will provide excellent drilling targets”.
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Tim Fernback, Grid President & CEO comments “Rangefront is a company that our geological team
members have used several times in the past for lithium exploration work in Nevada for both Grid
and other companies that we have managed in the past, including Surge Battery Metals, and Fuse
Battery Metals. Geophysical surveys and soil sampling 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. “
Texas Spring Property Location
Of note, 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.
Tim Fernback, Grid President & CEO comments “Now that the CSAMT geophysical survey is complete
at Texas Springs, and once we analyze the results from the assay lab on our detailed soil sampling in
the area, we will gather as a group to interpret the geological data and plan our next steps at Texas
Springs for the upcoming 2024 exploration season.”
About Rangefront Geological
Elko Nevada-based Rangefront Geological has combined in-depth expertise with cutting-edge
technology to provide mining consulting services, contract labor, field crew services, and vehicular
support to the mining industry. With services available across North America, Rangefront works
closely with its clients to provide high-quality mineral exploration services.
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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
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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.