Surge Announces Highest Grade Lithium Assays to Date with up to 8070 ppm Lithium in the First 2023 Hole at Nevada North Lithium Project
Surge Announces Highest Grade Lithium
Assays to Date with up to 8070 ppm Lithium in
the First 2023 Hole at Nevada North Lithium
Project
West Vancouver, British Columbia--(Newsfile Corp. - September 12, 2023) - Surge Battery Metals
Inc. (TSXV: NILI) (OTCQB: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to announce that
the first certified analytical results for the 2023 summer drilling program at their Nevada North Lithium
Project (NNLP) returned multiple zones of high values ranging from 1,000 ppm to 8070 ppm lithium, the
highest grades for exploration to date on the NNLP.
Samples from sonic drill hole NN2301 (Drill site location R) returned positive results ranging between the
1,000 ppm cutoff to 8,070 ppm Li within 4 horizons. The composite thickness of intersected clay
horizons was 140 ft (42.7m), for an overall average grade of 4,067ppm Li. This includes the highest
grade and shallowest zone which begins at 27.5ft (8.39m) below surface and extends 80 ft (24.4m) and
ranges from 3,090 ppm to 8,070 ppm Li, for an overall composite grade of 4,939 ppm Li (See Appendix
I for interval values). The composite grade of the first clay horizon encountered in sonic hole NN2301 is
28% higher than the weighted average composite grade of the first clay horizon intersected in the
reverse circulation drillholes completed by the Company in its 2022 drill program.
Composite lithium values for all four mineralized horizons, using a 1,000 ppm cutoff with no internal
dilution, are shown in the following table.
From ft (m)
To ft (m)
Thickness ft (m)
Grade (ppm Li)
27.5 (8.39)
107.5 (32.8)
80 (24.4)
4,939
147.5 (44.99)
177.5 (54.14)
30 (9.15)
3,758
207.5 (63.25)
220.0 (67.06)
12.5 (3.81)
2,284
227.5 (69.34)
245.0 (74.68)
17.5 (5.34)
2,591
Average
140 (42.7)
4,067
Drilling for the first five holes of the 2023 campaign was completed using sonic drilling methods. The
final three holes for the season are being drilled using wireline diamond core drilling techniques. The
results from geophysical surveys (news release May 23, 2023) indicated another clay horizon at depth
and the Company plans to deepen NN2301 with the diamond drill.
Samples from the sonic drilling were collected in plastic bags for each 2.5 feet (76.2 cm) interval in
plastic bags. Surge workers at the rig retained a representative sample in chip trays and core boxes for
each interval and sealed the bags with wire ties. Samples were transported by Surge workers to a
locked warehouse in Elko, Nevada where they were stored for sub sampling. At the warehouse, the
sample bags were opened and a subsample of approximately 25% of the material was bagged for
assay and the original sample bags were overwrapped for storage. Samples were then submitted to the
ALS
facility in Elko, Nevada for analysis. ALS is independent of the Company. The samples batches
included 6% insertion of QA/QC samples, including blanks, duplicates, and commercially obtained
standards. Both duplicates and standards ran within 4 percent of the known and duplicated values, with
the blanks reporting no greater than 20 parts per million lithium.
Mr. Greg Reimer, Chief Executive Officer, and Director
commented, "With lithium values up to 8070
ppm we are excited with the results from our first drill hole of the 2023 season. These results confirm and
improve on results from our initial 2022 reverse circulation drilling campaign.
We plan on expanding on
the NN2301 results with further diamond drilling and look forward to receiving and reporting these results
and additional holes in the coming weeks as we complete this summer's drilling campaign."
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.
About Surge Battery Metals Inc.
The Company is a Canadian-based mineral exploration company active in the exploration for lithium in
Nevada 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.
About the Nevada North Lithium Project
The Company owns the
Nevada North Lithium Project
located in the Granite Range southeast of
Jackpot, about 73 km north-northeast of Wells, Elko County, Nevada. The first round of drilling,
completed in October 2022, identified a strongly mineralized zone of lithium bearing clays occupying a
strike length of almost 1,620 meters from drillhole NN2205 in the north to drillhole NN2208 in the south.
Widths of the mineralized horizons are not well determined since the holes are mostly on a north-south
alignment, however, widths are at least 400 meters, supported by highly anomalous soil values indicating
potential for the clay horizons to be much greater in extent. The potential for a significant lithium deposit
can be illustrated by the results of drilling and surface soils sampling, which indicate an extensive area of
enrichment beyond the drilling pattern to date. Drillhole NN2207 intersected the thickest intervals of
lithium-rich claystone encountered to date; a total of 120.4 meters (395 feet) averaging 3,943 ppm
lithium in four zones. Additionally, drillhole NN2208 had the strongest downhole individual sample of
5,950 ppm lithium between 45 and 50 feet (13.72 and 15.24 meters). The average lithium content within
all near surface clay zones intersected in 2022 drilling, applying a 1000 ppm cut-off, was 3254 ppm
(news release March 29, 2023).
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
President & CEO
Contact Information
Email :
Phone : 778-945-2656
Website:
surgebatterymetals.com
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.
Appendix I
Hole ID
From ft
To ft
From m
To m
Li ppm
NN2301
27.5
30
8.39
9.15
5760
NN2301
30
32.5
9.15
9.91
5280
NN2301
32.5
35
9.91
10.67
NS
NN2301
35
37.5
10.67
11.43
5140
NN2301
37.5
40
11.43
12.2
5250
NN2301
40
42.5
12.2
12.96
4470
NN2301
42.5
45
12.96
13.72
7530
NN2301
45
47.5
13.72
14.48
4500
NN2301
47.5
50
14.48
15.24
3500
NN2301
50
52.5
15.24
16.01
5640
NN2301
52.5
55
16.01
16.77
5980
NN2301
55
57.5
16.77
17.53
5890
NN2301
57.5
60
17.53
18.29
3570
NN2301
60
62.5
18.29
19.05
3580
NN2301
62.5
65
19.05
19.82
4300
NN2301
65
67.5
19.82
20.58
3690
NN2301
67.5
70
20.58
21.34
7000
NN2301
70
72.5
21.34
22.1
8070
NN2301
72.5
75
22.1
22.86
6500
NN2301
75
77.5
22.86
23.63
3330
NN2301
77.5
80
23.63
24.39
3130
NN2301
80
82.5
24.39
25.15
3090
NN2301
82.5
85
25.15
25.91
3330
NN2301
85
87.5
25.91
26.67
4320
NN2301
87.5
90
26.67
27.44
5420
NN2301
90
92.5
27.44
28.2
6250
NN2301
92.5
95
28.2
28.96
6580
NN2301
95
97.5
28.96
29.72
4320
NN2301
97.5
100
29.72
30.48
4680
NN2301
100
102.5
30.48
31.25
4530
NN2301
102.5
105
31.25
32.01
4690
NN2301
105
107.5
32.01
32.77
3790
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https://www.newsfilecorp.com/release/180258