Surge Announces Agreement with Private Surface Land Holders and Outlines 2024 Drill Plan
Surge Announces Agreement with Private
Surface Land Holders and Outlines 2024 Drill
Plan
West Vancouver, British Columbia--(Newsfile Corp. - April 4, 2024) - Surge Battery Metals Inc. (TSXV:
NILI) (OTCQX: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to announce it has concluded
an entry and exploration agreement with the Salmon River Cattlemen's Association (SRCA).
The agreement with the SRCA extends permission for Surge to commence drilling and other surface use
on the parcels of SRCA private ground where Surge already holds fractional (25%) ownership of the
sub-surface mineral rights (see
news release of December 7, 2023
).
Surge intends to drill four reverse circulation holes on the SRCA parcels to test extensions of high-grade
lithium mineralization outlined in previous Surge drilling to the north of the private parcel and high grade
soil geochemistry (>1,000 ppm Li).
Surge also intends to drill another four holes on claims held by Surge as well as claims with its joint
venture partner M3 Metals Corp. ("
M3
").
The drill sites shown in the figure below are tentative with the
actual locations to be determined by ground conditions, avoidance of sensitive areas on the private
parcels and permitting approval by the Bureau of Land Management on the M3 and Surge claims.
Drilling is scheduled to start by the end of May, 2024.
2024 drilling at the NNLP will test for lithium mineralization 1km to the west and up to a 1.2km to the
south of the 2024 maiden resource area (see news release of February 22, 2024).
Drilling is designed
to expand and better define the footprint of lithium clay mineralization at the NNLP prior to infill drilling in
2025.
Mr. Greg Reimer, Chief Executive Officer, and Director
commented, "We are happy to have come to
an agreement with the Salmon River Cattleman's Association and look forward to actively working
together as we advance the NNLP project. Our 2024 program will be bold and will take big step outs to
the west and south, growing the mineralization footprint as much as possible prior to our 2025
exploration program."
Qualified Person as Defined Under National Instrument 43-101
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, a Qualified Person as defined under National
Instrument 43-101, has reviewed and approved the technical aspects of this news release.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/9838/204183_410d4bfe545ee8ef_001full.jpg
About Surge Battery Metals Inc.
Surge Battery Metals, a Canadian-based mineral exploration company, is at the forefront of securing the
supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The
project focuses on exploring clean, high-grade lithium energy metals in Nevada, USA. Lithium is a crucial
element for powering the electric vehicles of tomorrow. With a primary listing on the TSX Venture
Exchange in Canada and the OTCQX Market in the US, Surge Battery Metals Inc. is strategically
positioned as a key player in advancing lithium exploration, contributing significantly to the sustainable
future of the electric vehicle industry.
About the Nevada North Lithium Project
The Company's
Nevada North Lithium Project,
located in the Granite Range southeast of Jackpot,
Nevada 73 km north-northeast of Wells, Elko County, Nevada. The first two rounds of drilling, completed
in 2022 and 2023, identified a strongly mineralized zone of lithium bearing clays occupying a strike
length of more than 3,500 meters and a known width of up to 950 meters. Highly anomalous soil values
and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. The
Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 4.67Mt of
Lithium Carbonate Equivalent (LCE) grading 2,839 ppm Li at a 1,250 ppm cutoff.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
President & CEO
Contact Information
Email :
Phone : 604-662-8184
Website:
surgebatterymetals.com
Keep up-to-date with Surge Battery Metals on
,
,
,
and
YouTube
.
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 document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or
expressions identify forward-looking statements or information. These forward-looking statements or
information may relate to future prices of commodities including lithium and nickel, the accuracy of
mineral or resource exploration activity, reserves or resources, regulatory or government requirements or
approvals including approvals of title and mining rights or licenses and environmental, local community or
indigenous community approvals, the reliability of third party information, continued access to mineral
properties or infrastructure or water, changes in laws, rules and regulations including in the United
States, Nevada or California or any other jurisdiction which may impact upon the Company or its
properties or the commercial exploitation of those properties, currency risks including the exchange rate
of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in
exploration costs and government royalties, export policies or taxes in the United States or any other
jurisdiction and other factors or information. The Company's current plans, expectations, and intentions
with respect to development of its business and of its Nevada properties may be impacted by economic
uncertainties arising out of any pandemic or by the impact of current financial and other market
conditions (including US government subsidies or incentives) on its ability to secure further financing or
funding of its Nevada properties. Such statements represent the Company's current views with respect
to future events and are necessarily based upon several assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political, environmental (including endangered species, habitat preservation and water
related risks) and social risks, contingencies, and uncertainties. Many factors, both known and unknown,
could cause results, performance, or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward-looking
statements. The Company does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and information other than as required by
applicable laws, rules, and regulations.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/204183