Surge Battery Metals (TSXV: NILI) this morning published the final results from its 2023 drill program at its Nevada North lithium project.
Highlights from the results include:
- NN2307: 3,268 ppm Li over 21.3 metres, 2,361 ppm Li over 18.3 metres, with the total sequence intersecting 2,533 ppm Li over 50.3 metres
- NN2310: 4,084 ppm Li over 30.9 metres, with the total sequence intersecting 3,220 ppm Li over 47.7 metres
- NN2311: 3,722 ppm Li over 35.0 metres, 2,825 ppm Li over 3.0 metres, with the total sequence intersecting 3,427 ppm Li over 46.6 metres
- NN2312: 1,480 ppm over 3.7 metres
The results saw holes NN2307 and NN2310 confirm that lithium mineralization extends 600 metres to the west of drilling that was conducted in 2022. Hole NN2312 meanwhile was drilled to the north, with the company identifying a new fault that exists, which exists between hole NN2312 and NN2303.
“Today’s results mark the end of a successful 2023 exploration program at the NNLP. Our geophysics and drilling programs have greatly expanded the 2022 mineralized footprint and have continually produced near-surface composite grades of >3,000ppm Li. The deeper drilling has validated our interpretations and has generated additional near-surface targets to the east,” commented Surge CEO Greg Reimer.
READ: Surge Battery Metals Hits 4,718 ppm Lithium Over 25 Metres At Nevada North
The company meanwhile intends to use the drill data to establish a maiden mineral resource estimate, which is slated to come out in the first quarter of 2024.
Surge Battery Metals last traded at $0.66 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.
