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Samples Now Being Assayed After Intersecting the Targeted Potential Lithium Bearing Clays in Every Hole of Phase-3 Drill Program on the Solar Lithium Project in Nevada, Directly Bordering American Lithium Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2023) - Cruz Battery Metals Corp. (CSE:...
About this update from Cruz Battery Metals Corp
[{"type":"text","content":"Samples Now Being Assayed After Intersecting the Targeted Potential Lithium Bearing Clays in Every Hole of Phase-3 Drill Program on the Solar Lithium Project in Nevada, Directly Bordering American Lithium Corp.Vancouver, British Columbia--(Newsfile Corp. - March 10, 2023) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) (\"Cruz\" or the \"Company\") wishes to announce that 198 samples from the phase-3 drill program have been received for assaying by ALS labs in Reno, Nevada. The drill results are estimated to be received in four to six weeks. The phase-3 drill program was comprised of four core holes on the 100-percent owned, 8,135-acre Solar Lithium Project in Nevada, directly bordering American Lithium Corp.'s TLC project (See map below). Frank Bain, the on-site PGeo and a director of Cruz Battery Metals, stated, \"The four completed core drill holes all intersected potential lithium bearing clays with one hole intersecting more than 500 feet of green and black clays, shales and siltstone of the Siebert Formation. The Siebert Formation is the same host rock for the lithium mineralization found on the Solar Lithium Project and on American Lithium Corp.'s TLC discovery that is adjacent to Cruz Battery Metals.\"The 'Solar Lithium Project' directly borders American Lithium Corp.'s TLC project. On December 1, 2022, American Lithium Corp. announced an updated resource estimate, 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. On February 28, 2023, American Battery Technology Co. announced \"One of the Largest Known Lithium Deposits in US Identified at American Battery Technology Company Tonopah Flats Property\", with a third-party audited analysis estimated inferred resource of 15.8 million tons of lithium carbonate equivalent. American Battery Technology's Tonopah Flats property is located directly to the Southwest of Cruz's Solar Lithium Project in the Big Smoky Valley of Nevada (see map). 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 look forward ...