Surge Battery Metals (TSXV: NILI) has taken steps to expand its exploration program for the Nevada North Lithium Project. The company has submitted an exploration plan of operations and reclamation plan permit application to the Bureau of Land Management.
The exploration plan, if approved, will enable the company to conduct disturbances on up to 250 acres of its land claims related to the Nevada North project. Currently, the company has been limited to disturbing just five acres, where it recently conducted its 2023 drill program. The company is currently proposing the installation of groundwater wells, geotechnical investigations, and further metallurgical testing.
The expanded operating area will enable in-fill drilling to take place to further define a resource estimate, while also allowing for step-out drilling to further expand the footprint of the deposit.
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Prior to approving, the Bureau of Land Management will prepare an environmental assessment for the area requested, studies for which Surge completed in 2023. Work conducted in advance of the assessment include biological studies, a cultural inventory, and preliminary hydrologic baseline evaluations.
The 2024 exploration program currently is slated to occur on a 5 acre disturbance area, with drilling set to begin in the second quarter that will be funded by working capital.
Surge Battery Metals last traded at $0.58 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.
