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Surge Battery Metals Inc. reports company developments tied to lithium exploration and project advancement at the Nevada North Lithium Project in Elko County, Nevada. News commonly covers drilling and assay results, mineral resource estimate work, metallurgical testing, engineering studies, geotechnical and hydrogeological data collection, and pre-feasibility study activities for the lithium claystone project.
The company also reports updates involving Nevada North Lithium LLC, its joint venture with Evolution Mining subsidiaries, along with project funding advances, technical contractor engagements, investor relations agreements, exchange and market communications, and board or governance changes. Surge is a Canadian-based mineral exploration company with common shares quoted on the OTCQX under NILIF and listed on the TSX Venture Exchange under NILI.
Surge Battery Metals has successfully completed the first phase of its CAD$480,000 geological mapping, soil, and rock sampling survey at the HN4 Nickel Project in British Columbia. Approximately 600 soil and 190 rock samples were collected, targeting known magnetic anomalies with previous nickel values reaching 2631 ppm. The phase one budget was CAD$240,000, with results expected from assays in 4-5 weeks. Following this, a second phase will begin in July utilizing helicopter support for detailed follow-up sampling.
Surge Battery Metals Inc. (OTC PINK:NILIF) has finalized plans for a Phase One drill program at its San Emidio Lithium Project in Nevada, targeting a promising lithium exploration area. The drill program aims to investigate four holes in locations with high lithium values, peaking at 312 ppm. The project encompasses 5,525 acres, with significant geothermal resources nearby. Geophysical data suggests potential lithium brines at depths of about 500m. The company is focused on providing essential battery metals for the electric vehicle market.
Surge Battery Metals (OTC PINK:NILIF) announced the continuation of soil geochem sampling at its Nevada North Lithium Project, cut short by adverse weather. The sampling program aims to complete over 500 additional samples and is set for completion by month's end. Preliminary results indicated lithium concentrations ranging from 29.1 ppm to 5,120 ppm Li, with a notable zone of samples exceeding 1,000 ppm Li. The company is optimistic about the exploration potential and has a fully funded 2022 program to explore this new lithium discovery.
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Surge Battery Metals has reported positive initial exploration results from its N100 and HN4 Nickel Projects in British Columbia, with assessment credits totaling approximately $155,000. The N100 property shows potential for nickel-bearing ultramafic rocks, with 41 out of 54 rock samples returning over 1500ppm nickel. The HN4 project yielded 45 rock samples exceeding 1000ppm nickel, some above 2000ppm. Both projects indicate significant mineralization, possibly linked to the nearby Baptiste Nickel Deposit. Future work will focus on further evaluating mineral content and potential environmental benefits.
Surge Battery Metals Inc. (TSXV:NILI, OTC PINK:NILIF) has entered into a Property Option Agreement to acquire an 80% interest in the Galt Claim Group in Nevada's San Emidio Desert, comprising 16 mineral claims over 640 acres. The agreement involves a consideration of US$20,000, 1 million restricted shares, and 4 million warrants. Historical exploration indicates promising concentrations of lithium, cesium, and rubidium. The company aims to evaluate lithium brine and clay potential in the region. Approval from the TSX Venture Exchange is pending.
Surge Battery Metals has signed a Letter of Intent to acquire an 80% interest in 16 lithium mining claims, totaling 640 acres in Nevada's San Emidio Desert. The acquisition aims to enhance Surge's existing lithium assets and is subject to due diligence until January 31, 2022. The transaction includes a payment of CAD$20,000, issuance of 1,000,000 shares, and grants of 4,000,000 warrants. Previous exploration indicates significant lithium concentrations in the area, reinforcing its potential as a valuable lithium asset.
Surge Battery Metals Inc. has staked a new 663 ha property in Teels Marsh, Nevada, positioned strategically near active lithium exploration sites, including Albemarle's Silver Peak operation. Limited prior exploration indicates significant lithium content, with sediment samples showing up to 500 ppm Li. Future exploration plans include drill tests targeting lithium-rich deposits.
Metallurgical tests suggest efficient lithium recovery from the identified montmorillonite clay. The project aims to enhance the company’s lithium exploration portfolio as demand in the EV market rises.
Surge Battery Metals announced the completion of a soil sampling program at its Northern Nevada Lithium Project, collecting 445 samples due to weather constraints. Initially planned for 1,000 samples, the program faced delays from COVID and snowfall. The results will guide future exploration, targeting lithium-rich claystone deposits, with follow-ups planned for spring 2022. The project consists of 95 claims across 770 Ha, with historical lithium values reaching up to 1,980 ppm. Surge Battery also holds interests in nickel projects in British Columbia and a lithium project in the San Emidio Desert.
Surge Battery Metals Inc. has provided an update to shareholders regarding its achievements and plans for 2022. The company has successfully raised CAD$3.325 million in financing, enhancing its liquidity to approximately CAD$4.1 million. Surge is focused on exploring key minerals such as lithium, nickel, and copper, essential for the electric vehicle market, with projects located in Nevada and British Columbia. The demand for these metals is projected to increase significantly as the EV market grows, with expectations of reaching 140 million vehicles by 2035.