VANCOUVER, BC, Oct. 4, 2021 /CNW/ -- Surge Battery Metals
Inc. (the "Company" or "Surge") (TSXV: NILI)
(OTCQB: NILIF) (FRA: DJ5C) is pleased to announce that further to
news release of September 20, 2021,
the Company has received TSX Venture Exchange ("Exchange") approval
of its option agreement with Lithium Corporation ("Optionor"),
whereby the Company may acquire an undivided 80% interest in the
San Emidio Property, located approximately 60 miles North East of
Reno, Nevada.
The Company is also pleased to announce that it has retained Mr.
Alan J Morris CPG (Surge's Qualified Person) to oversee exploration
at the San Emidio Lithium prospect in Washoe County
Nevada.
Mr. Greg Reimer, Surge President
& CEO, comments, "Mr. Morris is a consummate professional and
has deep roots within the Nevada
lithium exploration industry having worked for several decades in
this part of the world. In addition, Alan has previous
experience exploring for lithium specifically in the San Emidio
Desert, where he authored an NI 43-101 compliant technical report
on an adjacent property in 2016. The San Emidio Desert holds
great lithium exploration promise, and it is the Company's
intention to determine the lithium brine and lithium clay potential
for its properties in the region."
The San Emidio Desert Region and Summary of Prior Work
Completed
Mr. Alan Morris, CPG states, "The
geologic setting combined with the presence of lithium in both
active geothermal fluids and surface salts within the San
Emidio Property match characteristics of lithium brine and clay
deposits at Clayton Valley, Nevada
and in South America. There has been considerable geological,
geophysical, and geochemical work done on the eastern margin of the
playa here for geothermal energy, however only preliminary work has
been done further to the west on the playa proper to fully evaluate
the lithium-in-brine, and/or lithium clay potential of the
area."
Prior to staking the property in 2011, the vendor of the
property, Lithium Corporation, had performed preliminary
geological, geochemical, studies on the area. The original
geochemical work was comprised of both lithium and lithium
associated pathfinder elements in brine and sediment
samples. These early campaigns illustrated that lithium
mineralization is present in sediments locally often in
concentrations of up to several hundred parts per million (ppm),
which is in line with that seen in the vicinity of Albemarle's
currently producing Clayton Valley lithium brine mine, and Lithium
Corporation's Fish Lake Valley
lithium-in-brine prospect. Although only limited near surface
brine sampling was done at this time, several anomalous lithium
samples were recovered. The strongest mineralized sample being in
the order of 80 milligrams per litre (mg/L) lithium. These
anomalous samples appeared to be aligned in a NW/SE orientation
possibly indicating that there may be some structural (fault)
control. All were proximal to the loosely defined paleobasinal
basement low, as is the case in Clayton Valley. In order to
map the basement in greater detail a moderate resolution gravity
geophysical survey was then undertaken to better define and
understand subsurface geological conditions.
The gravity survey was successful in outlining the basinal low
and shed some light on the location, and orientation of some of the
bounding faults that have given rise to the subsurface basinal
feature. Armed with this information, an application for a
permit was made to allow probing of a number of additional shallow
targets. The initial probing program was commenced in early
February 2012, keying in on an
interpreted linear feature (fault) that might be roughly coincident
with the gravel road that travels NW-SE from Empire Farms to the US
Geothermal plant. The information from this program led to a
realignment of the claim block in mid-2012 with a focus on the
northern claim blocks. Another direct push probing campaign
was undertaken later in calendar 2012, which confirmed the previous
data interpretation, with the best value being in the order of 23
mg/L Li.
Proposed Initial Exploration Work
With respect to exploration work the Company intends to embark
immediately on an initial two-phase exploration program, with the
first phase comprised of geological, geochemical and geophysical
tasks that ultimately will assist in generating drill targets
during the second phase.
Phase I is to start immediately and is planned as a
multi-disciplinary approach:
- Additional claim staking to strategically increase the size of
the block, as the lesson at Clayton Valley has been that
mineralization is associated with multiple structures and it can
extend past the confines of a well-planned, well-placed claim
block.
- Acquisition/Compilation/Assimilation of geological, geochemical
and geophysical data. As previously mentioned, considerable
work has been done on the eastern extremes of the current claim
block.
- Following on these steps above, a program of geochemical
fieldwork will be undertaken.
- At this same time, a geophysical surveying program is to be
conducted to determine where the most highly conductive brines
exist, and there is a proven correlation between conductivity (due
primarily to increased levels of NaCl) and lithium concentration in
Nevada brines.
- A mini-bulk sample of lithium enriched brine is to be
extricated and sent for bench tests for proof-of-concept production
of lithium via Direct Lithium Extraction (DLE). Lithium
concentrations here have been noted up to 80 mg/L which due to
advances in DLE technology places it in the category of
economically significant brine mineralization.
It is envisioned that the bulk of all this work will be
completed over the next several months. Once all the data from
this program is compiled and added to the newly expanded database
drill target selection will commence, and subsequent to target
selection and prioritization application will be made to the BLM
for all the permits necessary to drill three exploratory drill
holes.
It is anticipated that Phase II would commence by
the third calendar quarter of 2022.
- Complete the drilling of three - 215 meter (700') exploratory
sonic drill holes. Sonic drilling is the preferred method on
playas especially as it is far superior to all other techniques
when it comes to maintaining both brine and clay sample
integrity.
Subsequent to initial sonic drilling and the further assaying of
the resultant geological material, the exploration team will then
assess the Phase I and Phase II results to make additional
exploration plans for the property during the fourth calendar
quarter of 2022.
Qualified Person: The technical contents of this
news release has been reviewed and approved by Alan Morris CPG,
Elko, Nevada
About Surge Battery Metals Inc.
surgebatterymetals.com
The Company is a Canadian-based mineral exploration company
active in the exploration for nickel-iron alloy and Copper in
British Columbia and lithium in
Nevada whose primary listing is on
the TSX Venture Exchange. The Company's maintains a focus on
exploration for high value battery metals required for the electric
vehicle (EV) market.
Nevada Lithium Claims
The Company owns a 100% interest in 38 mineral claims located in
Nevada. The Northern Nevada
Lithium Project is located in the Granite Range about 34 line- km
southeast of Jackpot, Nevada,
about 73 line-km north-northeast of Wells, Nevada. The target is a Thacker Pass or Clayton Valley type lithium clay
deposit in volcanic tuff and tuffaceous sediments of the Jarbidge
Rhyolite package. The project area was first identified in public
domain stream sediment geochemical data with follow up sediment
sampling and geologic reconnaissance.
Caledonia Project, Vancouver Island, BC
The Company has entered into a Property Option Agreement to
acquire a 100% interest in 7 mineral claims known as the
Caledonia, Cascade and Bluebell,
subject to a NSR between 1-2%. Located in the Nanaimo Mining
District of northern Vancouver Island. The claims are 7 km
north-west of BHP's past producing Island Copper mine. During its
prime operating period the Island Copper mine was Canada's third-largest copper producer. The
Caledonia, Cascade and Bluebell
claims area lies within a 50-kilometer-long copper belt northwest
of the Island Copper mine.
British Columbia Nickel Project
Hard Nickel 4 and Nickel 100 Claims
The Company has entered into an Option Agreement with Nickel
Rock Resources to acquire an 80% interest in 6 mineral claims in
the Mount Sidney Williams area (Hard Nickel 4) covering 1863
hectares immediately south of and adjacent to the Decar Project and
the Mitchell Range area (Nickel 100) covering 8659 hectares,
located in Northern British
Columbia. Three of the claims are subject to 2% NSR,
including the Hard Nickel 4 claim and the two southernmost claims
of the Nickel 100 claims. The acquisition is subject to final
Exchange approval.
On Behalf of the Board of Directors
"Greg Reimer"
Greg Reimer, President &
CEO
604-428-5690
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward–looking statements which include, but are not limited to,
comments that involve future events and conditions, which are
subject to various risks and uncertainties. Except for statements
of historical facts, comments that address resource potential,
upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and
others are forward–looking. Forward–looking statements are not
guaranteeing future performance and actual results may vary
materially from those statements. General business conditions are
factors that could cause actual results to vary materially from
forward–looking statements.
Surge Battery Metals Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
778-945-2656
www.surgebatterymetals.com
info@surgebatterymetals.com
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SOURCE Surge Battery Metals Inc.