Surge Battery Metals Files Exploration Plan of Operations for the Nevada North Lithium Project
Surge Battery Metals Files Exploration Plan of
Operations for the Nevada North Lithium
Project
West Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - Surge Battery Metals Inc.
(TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to announce the
submission to the Bureau of Land Management (BLM) of an Exploration Plan of Operations and
Reclamation Plan Permit Application (EPO) for its high-grade lithium clay discovery at Nevada North
(NNLP).
The approved plan will provide for up to 250 acres of disturbance compared to the currently authorized 5
acres. This major permitting milestone, once approved, will allow for in-fill drilling to further define the
current mineral resource area and allow for possible expansion of the known deposit through step out
drilling. The results of these activities will be used for an updated mineral resource calculation and to
advance further economic studies.
Proposed activities in the EPO also include installation of groundwater wells to support hydrogeologic
baseline characterization, performing additional metallurgical characterization and testing, and
completion of geotechnical investigations.
The BLM is responsible for preparing an Environmental Assessment under the National Environmental
Policy Act (NEPA). Required biological studies, a Class III cultural inventory and a preliminary hydrologic
baseline evaluation were completed by Surge in the 2023 field season. To support the NEPA review,
Surge will move forward on the permitting path working closely with the BLM.
Mr. Greg Reimer, Chief Executive Officer, and Director
commented, "We are extremely pleased to
achieve this significant milestone in the development of the NNLP, at this stage of exploration. The
expanded program, once approved, will allow us to continue to define the size of the mineralization of the
NNLP. In the interim, we continue to plan our 2024 drill program within our remediated 5 acre
disturbance limit and the ground the company acquired an interest in from M3 Metals Corp."
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 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 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. The program is now completed, and we are awaiting assay results.
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 (See news release September 12, 2023).
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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