Surge Battery Metals (TSXV: NILI) continues to intersect strong lithium mineralization at its Nevada North lithium project in Nevada. The first results from its 2023 diamond drilling campaign were released this morning, following a sonic drilling campaign conducted earlier this year.
Highlights from the results include:
- NN2306: 4,423 ppm Li over 9.8 metres, 4,673 ppm Li over 11.4 metres, with the total sequencing intersecting 3,965 ppm lithium over 32 metres. A second sequence intersected 1,483 ppm lithium over 19.5 metres.
- NN2308: 4,718 ppm Li over 25.0 metres, total sequence intersect of 4,159 ppm Li over 40.7 metres. A second sequence intersected 2,476 ppm Li over 33.5 metres.
- NN2309: 3,591 ppm Li over 47.4 metres, total sequence intersect of 3,458 ppm Li over 73.9 metres. A second sequence intersected 1,177 ppm Li over 18.3 metres.
The diamond drill campaign was conducted as a means of being able to drill deeper than the sonic program permitted, with diamond drilling extending to depths of up to 243 metres, versus depths of just 107.5 metres in sonic drilling. Additional mineralized layers were identified at deeper depths, with the deepest hole, NN2308, identifying two previously unknown layers at depth.
“Today’s diamond drilling results, combined with previous sonic and RC results, are starting to outline a large volume of greater than 4000+ ppm Li within our upper clay horizon at the NNLP. Additionally, the deeper mineralization intersected in NN2308 is promising; it validates our interpretations and provides a critical exploration target in tracing this mineralization up dip to the east, where it is expected to approach the surface,” commented CEO Greg Reimer.
READ: Surge Battery Metals Looks To Expand Exploration At Nevada North, Submits Exploration Plan To BLM
The results are said to have confirmed an extension of the deposit to the west, although the additional strike length was not provided. The results also suggest that a second deeper zone of mineralization exists, which approaches surface towards the east.
Surge Battery Metals last traded at $0.495 on the TSX Venture.
Information for this briefing was found via Sedar+ and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
