Surge Announces Soil Sampling on Recently Acquired Property
Surge Announces Soil Sampling on Recently
Acquired Property
West Vancouver, British Columbia--(Newsfile Corp. - November 1, 2023) - Surge Battery Metals Inc.
(TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to announce that the
Company has retained Rangefront Geological ("Rangefront") to perform detailed soil sampling at
Surge's Nevada North Lithium Project (the "NNLP").
The Company continues to advance the NNLP and in July 2023 announced a strategic acquisition by
entering into a mineral property option and joint venture agreement with M3 Metals Corporation (M3M).
This agreement included claims to the south and southwest of Surge's existing NNLP deposit which
ensured Surge controlled some potential extensions of its existing high tenor lithium clay deposit.
Rangefront collected 598 soil samples in the west/southwest corner of the expanded Surge property
boundary which includes some of the property acquired from M3M. The Company considers this area to
be highly prospective and will further test for extensions of clay beds that were assayed for high levels of
lithium in the 2022 and 2023 drilling programs.
Rangefront's Elko Nevada-based operations have worked closely with Surge in the past and have both
the local and in-depth knowledge and expertise to complete this project.
Surge is also pleased to announce that Dan Chafetz has joined the company as Project Geologist. Dan
comes to us after several years with Ioneer, Ltd, working on their Rhyolite Ridge Project. Dan has a
Batchelor of Science from the Colorado School of Mining and is currently defending his thesis at the
University of Nevada in the Masters of Science Program with a major in Geochemistry and Geology.
Working closely with and under the guidance of Senior Geologist, Alan Morris, Dan will initially start with
the Company's geologic mapping program that will continue to advance our understanding of the
Nevada North Lithium Project deposit. That work is critical as the Company works towards defining the
boundaries of the NNLP deposit, supporting the conceptual mining engineering and any future resource
statements as we advance the development of this important, shallow and high grade lithium deposit.
Mr. Greg Reimer, Chief Executive Officer, and Director,
commented, "This soil sampling program is
another positive step the Company is taking to further expand the footprint of lithium claystone
mineralization at the NNLP. Soil sampling has proven to be an effective tool in identifying the location of
lithium claystone mineralization, as demonstrated by the successful 2022 soil sampling program and
follow-up drilling campaigns."
"We also welcome and are excited to add Dan Chafetz to the Surge team and look forward to him
assisting the company in the continued advancement of the NNLP."
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: Soil Sampling Program in the West/Southwest Area of the NNLP.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/185832_7945b00eb4797886_001full.jpg
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 in Canada and the OTCQX Market in the
US.
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, Nevada 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. Widths of the mineralized horizons 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 average lithium content
within all near surface clay zones intersected in 2022 drilling, applying a 1000 ppm cut-off, was 3254
ppm.
The 2023 drill program is underway and is designed to expand the known lithium-rich clay from the
current 1,620 meters strike length to more than 3,500 meters and the known width of the mineralization
to 950 meters from the previously drill-indicated 400 meters. Initial assay results from the first hole of the
2023 season had a high of 8070 ppm lithium with an average of 4,067 ppm lithium at a 1,000 ppm cut-
off.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
President & CEO
Contact Information
Email :
Phone : 604-662-8184
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/185832