Surge Battery Metals Engages Boart Longyear For 2024 Drill Program
Surge Battery Metals Engages Boart Longyear
For 2024 Drill Program
West Vancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - Surge Battery Metals Inc. (TSXV:
NILI) (OTCQX: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to announce that the
company has contracted with Boart Longyear, a recognized leader in the mining industry, to provide
drilling services for the upcoming 2024 drill program at the Nevada North Lithium Project (NNLP).
During the 2024 program, which is scheduled to begin by the end of May 2024, Surge intends to drill
eight reverse circulation holes to further expand and define the lateral and vertical extent of the NNLP
deposit. The recently announced surface access agreement with the Salmon River Cattlemen's
Association (SRCA) (
News Release of April 4, 2024
) will facilitate testing the known geophysical
footprint for lithium mineralization 1km to the west and up to a 1.2km to the south of the 2024 maiden
resource area.
Surge continues to execute its 2024 operating plan. In addition to the upcoming drill program, the
Company has provided its maiden Mineral Resource Estimate, updated shareholders on the progress of
metallurgical testing, continues to work with regulators on its Exploration Plan of Operations permit
application and working towards the completion of a Preliminary Economic Assessment on the NNLP.
Surge is fully funded to complete its 2024 programs.
Mr. Greg Reimer, Chief Executive Officer, and Director,
commented, "Boart Longyear is an industry
leading provider of drilling services, and we look forward to working with them for the 2024 drill program.
They have considerable experience in lithium claystone deposits, and we are particularly pleased that
they will be using local crews and equipment. We look forward to continuing our exploration and
development
efforts in 2024 which are budgeted to be fully funded with cash on hand."
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.
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
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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.
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