Surge Retains Dr. Bruce Davis for Mineral Resource Estimate
Surge Retains Dr. Bruce Davis for Mineral
Resource Estimate
West Vancouver, British Columbia--(Newsfile Corp. - January 16, 2024) - Surge Battery Metals Inc.
(TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to announce the
Company has retained Dr. Bruce Davis to provide professional services to calculate the maiden Mineral
Resource Estimate (MRE) for Surge's high-grade lithium clay discovery at Nevada North (NNLP).
Dr. Davis is a Geostatistician with over 40 years of experience estimating mineral resources and
conducting mine feasibility studies.
He has worked on mineral resource estimates for over 400 projects
and directed various mining geostatistical studies such as uncertainty assessments and has also
applied geostatistical methods to solve problems for base metal, energy mineral, and precious metal
deposits.
Dr. Davis holds a Ph.D. in Statistics with an emphasis in Geostatistics from the University of
Wyoming and is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM).
Surge will provide data collected from reverse circulation, sonic, and diamond drilling and expects to
produce a maiden Mineral Resource Estimate in Q1 of 2024. Each drilling program has been executed
under a Notice of Intent (NOI) permit with a maximum disturbance of 5 acres. With the expansion of our
drill permitting once our Exploration Plan of Operations is permit is approved, we confidently anticipate
the resource to grow with additional drilling.
Mr. Greg Reimer, Chief Executive Officer, and Director
commented, "We are very fortunate to have
such a qualified person as Dr. Davis to calculate our maiden Mineral Resource Estimate and are looking
forward to working with him. To go from soil anomaly in 2022 to a maiden Mineral Resource Estimate in
Q1 2024 is an incredible achievement, and we look forward to sharing the results with our shareholders."
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.
Initial assay results from the first hole of the 2023 season (NN2301) 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).
The
2023 drill program expanded 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 2023 drill program is now completed with all assays received. We will use the
winter season to produce a maiden Mineral Resource Estimate, complete additional metallurgical
studies, and prepare for additional exploration of the property in the spring.
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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https://www.newsfilecorp.com/release/194295