$EVKRF $CELL.V Grid Battery Metals Announces Soil Sample Results at the Texas Springs Nevada Lithium Project Showing Average Lithium Grades of 2010 ppm
https://www.accesswire.com/816805/grid-batter...f-2010-ppm
COQUITLAM, BC / ACCESSWIRE / December 14, 2023 / Grid Battery Metals Inc. (the "Company" or "Grid Battery"
(TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) announces the completed soil sample results from the first phase of its fall exploration program at its Texas Springs Property near Elko Nevada.
Background: Grid's Texas Spring Nevada Lithium Property
The Texas Springs Lithium Property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge" (TSXV:NILI),(OTCQX:NILIF). Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. On September 12, 2023, Surge announced some exciting results of its most recent drilling program at this property, and recorded its highest grades to date, with up to 8070 ppm Lithium on the Northern Nevada Lithium project. These results were followed up on December 5, 2023 with a subsequent drill program yielding core drilling intercepts with assays over 7,630 ppm and multiple horizons upon deeper drilling performed.
Tim Fernback, Grid President & CEO comments "Now that the first phase of the exploration program is complete, we plan to gather as a group to interpret the geological data and plan our next steps at Texas Springs for the upcoming 2024 exploration season. We have some encouraging results to discuss, which is great news for our shareholders."
Mr. Seth Cude, P.G., Grid's Qualified Person comments on the results of the program "The soil sampling shows zones of strong lithium concentrations in the northwestern region of the Texas Spring Lithium property which are on trend with strong soil results from Surge Battery Metal's Nevada North Lithium project. In addition, the CSAMT data shows the Texas Spring Property exhibits several near horizontal to gently dipping subsurface horizons which may have served as paleo accumulation basins, collecting lithium bearing clays. This information, combined with the soil assay, will help us propose excellent future drilling targets."
Soil Sample Summary Results (Phase 1 Exploration Plan)
Highlights:
High grade zone in the north of > 1000ppm at lengths of 850 m x 475 m and a second high grade zone to the south of with lengths of 200 x 175 m
Clear high grade lithium zone in the northern portion of the project area is on trend with the high-grade soil samples collected in the Surge property to the north
There are 6 soil samples with Li grades over 3,000 ppm.
A total of 810 samples were collected with values ranging from 10ppm to 5610 ppm
40 samples had grades >= 1000 ppm
Using a 1000 ppm cutoff there was an average of 2010 ppm
QA/QC
Duplicate samples were taken approximately 1 in every 20 and showed excellent correlation with the originals with an r2 value of 0.9963 and a difference in average values of 2%. Standards were also inserted approximately 1 in 20 and showed an average variation of 7% with a range of 40ppm.
Sampling Protocols
GPS units with the sample locations loaded were used by the field crew to locate the sample location, and tracks GPS are taken to locate the actual location of the soil sample. Samples were taken from the b horizon and composited and sieved over a depth of 10 to 12 inches, which is standard sampling methodology for soils. Samples were transported and secured by Rangefront from the site and then were transported directly to ALS labs in Elko by Rangefront. The samples were dried and sieved to 180 microns (80 mesh) and assayed using 36 element ME-ICP41 aqua regia analysis.
Tim Fernback, Grid President & CEO comments "Completing both a detailed geophysical survey and soil sampling program is part of a methodical and systematic approach to high quality mineral exploration for claystone lithium deposits in Nevada and will allow us to select drill targets for subsequent exploration programs in the future. "
Qualified Person
Mr. Seth Cude, P.G. is a Qualified Person as defined by National Instrument 43-101 and has approved the technical information contained within this news release.
https://www.accesswire.com/816805/grid-batter...f-2010-ppm
COQUITLAM, BC / ACCESSWIRE / December 14, 2023 / Grid Battery Metals Inc. (the "Company" or "Grid Battery"
(TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) announces the completed soil sample results from the first phase of its fall exploration program at its Texas Springs Property near Elko Nevada. Background: Grid's Texas Spring Nevada Lithium Property
The Texas Springs Lithium Property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge"
(TSXV:NILI),(OTCQX:NILIF). Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. On September 12, 2023, Surge announced some exciting results of its most recent drilling program at this property, and recorded its highest grades to date, with up to 8070 ppm Lithium on the Northern Nevada Lithium project. These results were followed up on December 5, 2023 with a subsequent drill program yielding core drilling intercepts with assays over 7,630 ppm and multiple horizons upon deeper drilling performed. Tim Fernback, Grid President & CEO comments "Now that the first phase of the exploration program is complete, we plan to gather as a group to interpret the geological data and plan our next steps at Texas Springs for the upcoming 2024 exploration season. We have some encouraging results to discuss, which is great news for our shareholders."
Mr. Seth Cude, P.G., Grid's Qualified Person comments on the results of the program "The soil sampling shows zones of strong lithium concentrations in the northwestern region of the Texas Spring Lithium property which are on trend with strong soil results from Surge Battery Metal's Nevada North Lithium project. In addition, the CSAMT data shows the Texas Spring Property exhibits several near horizontal to gently dipping subsurface horizons which may have served as paleo accumulation basins, collecting lithium bearing clays. This information, combined with the soil assay, will help us propose excellent future drilling targets."
Soil Sample Summary Results (Phase 1 Exploration Plan)
Highlights:
High grade zone in the north of > 1000ppm at lengths of 850 m x 475 m and a second high grade zone to the south of with lengths of 200 x 175 m
Clear high grade lithium zone in the northern portion of the project area is on trend with the high-grade soil samples collected in the Surge property to the north
There are 6 soil samples with Li grades over 3,000 ppm.
A total of 810 samples were collected with values ranging from 10ppm to 5610 ppm
40 samples had grades >= 1000 ppm
Using a 1000 ppm cutoff there was an average of 2010 ppm
QA/QC
Duplicate samples were taken approximately 1 in every 20 and showed excellent correlation with the originals with an r2 value of 0.9963 and a difference in average values of 2%. Standards were also inserted approximately 1 in 20 and showed an average variation of 7% with a range of 40ppm.
Sampling Protocols
GPS units with the sample locations loaded were used by the field crew to locate the sample location, and tracks GPS are taken to locate the actual location of the soil sample. Samples were taken from the b horizon and composited and sieved over a depth of 10 to 12 inches, which is standard sampling methodology for soils. Samples were transported and secured by Rangefront from the site and then were transported directly to ALS labs in Elko by Rangefront. The samples were dried and sieved to 180 microns (80 mesh) and assayed using 36 element ME-ICP41 aqua regia analysis.
Tim Fernback, Grid President & CEO comments "Completing both a detailed geophysical survey and soil sampling program is part of a methodical and systematic approach to high quality mineral exploration for claystone lithium deposits in Nevada and will allow us to select drill targets for subsequent exploration programs in the future. "
Qualified Person
Mr. Seth Cude, P.G. is a Qualified Person as defined by National Instrument 43-101 and has approved the technical information contained within this news release.
