Grid Battery to begin the 2024 Exploration Program on its Clayton Valley Lithium Project
NEWS RELEASE
Grid Battery to begin the 2024 Exploration Program
on its Clayton Valley Lithium Project
Coquitlam, BC – March 13, 2024- Grid Battery Metals Inc. (the “Company” or “Grid”) (TSXV: CELL,
OTCQB: EVKRF FRA: NMK2) is pleased announce that it will immediately begin the 2024 Exploration
Program on its Clayton Valley Lithium Project. The planned exploration program is identified in the
NI 43-101 Technical Report completed by Mr. Steven McMillin P.G. filed on SEDAR+
(www.sedarplus.ca) and viewed on the Company’s website at Clayton Valley Technical Report.
Clayton Valley Lithium Project
Furthermore, the Company has selected Rangefront Geological (“Rangefront”) to perform both a
detailed soil sampling on a 250 m X 250 m spacing and to oversee a CSAMT geophysical survey
performed by KLM Geoscience. The CSAMT survey is a preferred method for identifying strata that
may contain lithium brine (evidenced by low resistivity), and structures that potentially focus brine.
The soil sampling will identify where subsurface brine may have reached the surface. The
combination of CSAMT and geochemistry will assist the Company in determining the next steps for
its 2024 exploration including the planning of a first phase drill program.
For over a decade, Rangefront 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 will work closely with
Grid to provide high-quality soil sampling and mineral exploration program tailored to the Clayton
Valley Lithium project.
Grid Battery Metals Inc..
3028 Quadra Court
Coquitlam, BC, V3B 5X6
604- 428-5690
www.gridbatterymetals.com
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Tim Fernback, Grid President & CEO comments “Rangefront is a company that our geological team
has successfully 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 work done by Surge Battery Metals.
This soil sampling program will take place immediately, and the CSAMT survey will begin on March
18, 2024 by experienced operator KLM Geoscience. This soil sampling together with planned
geophysics and geochemistry on our Nevada lithium property, will allow us to select drill targets for
subsequent exploration programs later in the year. Here, we plan to select four drill locations to
reach depths of 1000 ft each. After this is complete, Grid plans to create a 3D model and provide an
interpretation of the underground area for its shareholders.”
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.
About KLM Geoscience LLC
KLM Geoscience is an industry leading, Nevada-based geophysical exploration company,
established in 2014. KLM specializes in a wide array of geophysical methods. Using state of the art
equipment, KLM’s services include induced polarization (IP), natural-source magnetotellurics (MT,
AMT), controlled-source audio-frequency magnetotellurics (CSAMT), passive seismic and
magnetic potential field surveys. KLM prides itself on its safety procedures and logistical planning,
which allows us to efficiently survey in difficult and technical terrain. Its head office location in
Nevada allows KLM to rapidly mobilize and begin work at a moment's notice throughout the Western
United States and beyond.
Qualified Person
Mr. Steven McMillin, 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. A Phase 1 exploration program
at the Texas Springs Property (Fall 2023) yielded results with average lithium grades of 2010 ppm,
applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.
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 725
mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays.
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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). Our exploration results are on-trend with these results.
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. The Company’s B.C. Nickel properties are held within Grid’s wholly-owned
subsidiary, AC/DC Battery Metals Inc.
The Company has previously announced plans to spin out its wholly-owned subsidiary, AC/DC
Battery Metals Inc., finance it separately, and separately list it on the TSX Venture Exchange in 2024.
This transaction once complete, will provide a valuable share dividend to each Grid Shareholder of
record for no additional cost.
On Behalf of the Board of Directors
“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
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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. It should be noted that results from any adjacent property(s) are not an indication
of what may be found on the Company’s property(s).