Surge Battery Metals (TSXV: NILI) is reporting strong assay results from a drill program conducted this summer at its Nevada North Lithium Project.
The company has reported that the first hole under the drill program, NN2301, intersected four lithium horizons, with lithium content said to range from 1,000 ppm to that of 8,070 ppm, the latter figure representing the highest grade of mineralization intersected to date. The hole overall is said to have intersected 42.7 metres of clay horizons, with an overall average grade of 4,067 ppm lithium.
The first and largest horizon intersected was encountered at a depth of 8.39 metres, which extended for 32.8 metres with an average grade of 4,939 ppm lithium. The grade represents a figure 28% higher than what was intersected under the firms 2022 drill program within the first clay horizons.
The ongoing drill program consists of an eight hole phase two program, which is focused on expanding the footprint of the known lithium clay deposit. Seven of the holes are step-outs, with drilling aiming to expand the strike length of the deposit from 1,620 metres to that of 3,000 metres.
“We plan on expanding on the NN2301 results with further diamond drilling and look forward to receiving and reporting these results and additional holes in the coming weeks as we complete this summer’s drilling campaign,” commented CEO Greg Reimer on the results.
Surge Battery Metals last traded at $1.04 on the TSX Venture.
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