Surge Continues to Intercept Significant Lithium Results with Second 2023 Hole up to 5820 ppm Lithium
Surge Continues to Intercept Significant
Lithium Results with Second 2023 Hole up to
5820 ppm Lithium
West Vancouver, British Columbia--(Newsfile Corp. - September 26, 2023) - Surge Battery Metals Inc.
(TSXV: NILI) (OTCQB: NILIF) (FSE: DJ5C) (the "Company" or "Surge") is pleased to announce that the
second certified assay results from the summer drilling program at the Nevada North Lithium Project
returned values ranging from 1,000 ppm to 5820ppm lithium.
Samples from sonic drill hole NN2302 (Drill site location M) returned positive results ranging between
the 1,000 ppm cutoff to 5820 ppm Li. This includes the highest grade zone which begins at 67.5ft
(20.57m) below surface and extends 180 ft (54.86m) with an overall composite grade of 3,985 ppm Li.
(See Appendix 1 for interval values). NN2302 has a composite thickness of intersected clay horizons of
41.2m (135ft), for an overall average grade of 3712 ppm Li. Significantly, the composite grade of clay
horizons encountered in NN2302, is 15% higher than the average composite grade of clay horizons
intersected in the reverse circulation drillholes completed in 2022.
The 2023 drill site locations were designed to confirm the presence of high tenor lithium clay formations,
interpreted from geophysical surveys, extending well outside the bounds of the 2022 program. NN2302
is an approximate 250m (820 ft) step out to the northwest from NN2205 from the 2022 program which
produced an overall program average grade of 3,254 ppm with a 1,000 ppm cut off.
Composite lithium values for both 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)
67.5 (20.57)
180 (54.86)
112.5 (34.29)
3985
237.5 (72.39)
260 (79.24)
22.5 (6.85)
2346
Average
135.0 (41.2)
3712
All samples from the sonic drilling were collected in plastic bags for every 2.5-foot (76.2 cm) interval.
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. The sample bags were opened at the
warehouse, a sub-sample 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.
Surge receives Regulatory Approval for Drill Site "W"
Our news release of August 29, 2023, indicated that recently completed drilling successfully intersected
the known lithium clay horizons, extending the strike length of the deposit from 1,620 meters to 3,000
meters. We did not drill site "U" but applied to the BLM to replace it with drill site
" W", 500 meters further
north, extending the strike length of the deposit to 3,500 meters.
The BLM has approved drill site location W and it will be drilled in the coming week to conclude our 2023
summer drill program.
Mr. Greg Reimer, Chief Executive Officer, and Director commented
: "Not only has NN2302
returned a significant average grade greater than our 2022 program, but it is also noteworthy in that it is
an approximate 250m (820 ft) step out to the northwest of drillhole NN2205 from the 2022 program. We
are eagerly awaiting assay results from holes P and V, located 300m and 1300m further north,
respectively, where similar clay units were encountered during 2023 drilling and logging."
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 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. (See news release dated March 29, 2023)
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 8,070 ppm lithium with an average of 4,067 ppm lithium at a 1,000 ppm cut-
off. (See news release dated August 13, 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 1
Hole ID
From ft
To ft
From m
To m
Li ppm
NN2302
67.5
70
20.57
21.33
5400
NN2302
70
72.5
21.33
22.1
5370
NN2302
72.5
75
22.1
22.86
5080
NN2302
75
77.5
22.86
23.62
5330
NN2302
77.5
80
23.62
24.38
4570
NN2302
80
82.5
24.38
25.14
4230
NN2302
82.5
85
25.14
25.91
3510
NN2302
85
87.5
25.91
26.67
4370
NN2302
87.5
90
26.67
27.43
4210
NN2302
90
92.5
27.43
28.19
5260
NN2302
92.5
95
28.19
28.95
5340
NN2302
95
97.5
28.95
29.72
5230
NN2302
97.5
100
29.72
30.48
2720
NN2302
100
102.5
30.48
31.24
3880
NN2302
102.5
105
31.24
32
4260
NN2302
105
107.5
32
32.76
4850
NN2302
107.5
110
32.76
33.53
4420
NN2302
110
112.5
33.53
34.29
4430
NN2302
112.5
115
34.29
35.05
4670
NN2302
115
117.5
35.05
35.81
4280
NN2302
117.5
120
35.81
36.57
5820
NN2302
120
122.5
36.57
37.34
4760
NN2302
122.5
125
37.34
38.1
4850
NN2302
125
127.5
38.1
38.86
3980
NN2302
127.5
130
38.86
39.62
4030
NN2302
130
132.5
39.62
40.38
3800
NN2302
132.5
135
40.38
41.15
3240
NN2302
135
137.5
41.15
41.91
3320
NN2302
137.5
140
41.91
42.67
3790
NN2302
140
142.5
42.67
43.43
3670
NN2302
142.5
145
43.43
44.19
3150
NN2302
145
147.5
44.19
44.96
3650
NN2302
147.5
150
44.96
45.72
3070
NN2302
150
152.5
45.72
46.48
3020
NN2302
152.5
155
46.48
47.24
3210
NN2302
155
157.5
47.24
48
3270
NN2302
157.5
160
48
48.77
2830
NN2302
160
162.5
48.77
49.53
3040
NN2302
162.5
165
49.53
50.29
3590
NN2302
165
167.5
50.29
51.05
3770
NN2302
167.5
170
51.05
51.81
3440
NN2302
170
172.5
51.81
52.58
3500
NN2302
172.5
175
52.58
53.34
2030
NN2302
175
177.5
53.34
54.1
3680
NN2302
177.5
180
54.1
54.86
1420
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