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Global Battery Metals Engages TonaTec Exploration LLC to Drill the Lithium King Property and Volt Strategic as Capital Markets and Communications Advisor and Announces Non-Brokered Financing
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2022) - Global Battery Metals Ltd....
About this update from Global Battery Metals Ltd.
[{"type":"text","content":"Global Battery Metals Engages TonaTec Exploration LLC to Drill the Lithium King Property and Volt Strategic as Capital Markets and Communications Advisor and Announces Non-Brokered FinancingVancouver, British Columbia--(Newsfile Corp. - July 14, 2022) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the \"Company\" or \"GBML\"), an international critical mineral exploration and development company focused on growth-oriented battery metal projects, is pleased to announce that it has engaged TonaTec Exploration LLC (\"TonaTec\") to drill the Lithium King Property (the \"Property\"). The Company anticipates TonaTec to be in the field and on site at the Property by the end of the month. The objective of drilling is to confirm the potential at depth of lithium bearing brines in the Soldura Salt flat basin. A 600 m hole is planned.Property Highlights:Historical lithium values from 39 shallow USGS wells (25 feet) averaged 244 parts per million (ppm) and ranged from a low 49 ppm to a high of 1,200 ppm. The Property is within the Great Basin of the Western United States, where lithium concentrations of greater than 10 ppm in brines are anomalous. Lithium values from the only lithium production in the United States, in Clayton Valley, Nevada, also in the Great Basin, range from 75 to about 250 ppm.Magnesium values at the Property and near vicinity range between 1,300 and 8,500 ppm.The shallow aquifer water samples may not reflect the deeper basin below 25 feet depth. Drilling to targeted bedrock formations and brine sampling is needed to confirm the presence of and concentration of lithium in the deeper basin brines.Based on the geophysical surveys and historical data, the area underlying the claims is interpreted to be part of a Tertiary basin hosted in a graben structure developed in the Paleozoic basement.. This structural setting is believed to represent a conduit for basinal brine up-flow.Earlier this year, 32-line km, over four lines, of ground magnetic was acquired over the claim package and basement/basin boundary. The same lines were then surveyed using ground gravity. The work was done by Quantec and the results were inverted in 2D sections to help with basin interpretation and test well targeting.In addition, the Company is pleased to announce that, subject to the approval of the TSX Venture Exchange (the \"...