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Cruz Discovers Lithium in Every Drill Hole of the Phase-3 Drill Program, Including the Highest Lithium Value to Date, on the Solar Lithium Project in Nevada, Directly Bordering American Lithium Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2023) - Cruz Battery Metals Corp. (CSE:...
About this update from Cruz Battery Metals Corp
[{"type":"text","content":"Cruz Discovers Lithium in Every Drill Hole of the Phase-3 Drill Program, Including the Highest Lithium Value to Date, on the Solar Lithium Project in Nevada, Directly Bordering American Lithium Corp.Vancouver, British Columbia--(Newsfile Corp. - March 31, 2023) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) (\"Cruz\" or the \"Company\") wishes to announce that drill results have been received from the phase-3 drill program on the 100-percent owned, 8,135-acre Solar Lithium Project in Nevada, directly bordering American Lithium Corp.'s TLC project (See map below). The phase-3 drill program discovered the presence of lithium in all 4 drill holes with a high value of 1,460 parts-per-million lithium (ppm Li). Hole-6 had a high of 1,460 ppm Li including 871 ppm Li over 50 feet. Hole-7 had a high of 1,220 ppm Li including 873 ppm Li over 47 feet, starting at 18 feet. Hole-8 had a high of 1,240 ppm Li. Hole-9 had a high of 1,160 ppm Li.Frank Bain, the on-site PGeo and a director of Cruz Battery Metals stated, \"We are pleased to have expanded the lithium footprint on this property, encountering lithium in each hole helps to validate the merit of this large project.\"The 'Solar Lithium Project' directly borders American Lithium Corp.'s TLC project. On January 17, 2023, American Lithium Corp. announced a resource estimate, in an independent National Instrument 43-101 titled \"Technical Report TLC Property\" prepared by Stantec Consulting Ltd., for the TLC lithium claystone property containing 8.83 million tonnes lithium carbonate equivalent (LCE) measured & indicated with another 1.86 million tonnes LCE inferred. Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.Jim Nelson, President of Cruz Battery Metals stated, \"We are encouraged to achieve lithium values higher than 1,160 ppm Li in every hole of the phase-3 drill program. We are immediately formulating a phase-4 drill program. This was our first lithium drill program of 2023, and we anticipate at least 2 additional phases of drilling on the 8,135-acre Solar Lithium Project within this calendar year. The phase 1, 2 & 3 drill programs discovered the presence of lithium in every hole drilled and we've only explored a...