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Surge Battery Metals Acquires an 80% Option on the San Emidio Lithium Project in Nevada from Elko Nevada's Lithium Corporation
(TheNewswire) Sept 20, 2021 - TheNewswire - Vancouver, BC - Surge...
About this update from Surge Battery Metals Inc
[{"type":"text","content":"Surge Battery Metals Acquires an 80% Option on the San Emidio Lithium Project in Nevada from Elko Nevada's Lithium Corporation\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Sept 20,\n \n \n 2021 -\n \n \n TheNewswire -\n \n \n Vancouver, BC - Surge Battery Metals Inc. (the “Company”,\n“Optionee” or “Surge”) (TSXV:NILI\n \n \n )\n(\n \n \n OTC:NILIF\n \n \n ) (\n \n \n FRA:DJ5C)\n \n \n is pleased to announce that\nit has entered into an option agreement with\n \n \n \n Lithium Corporation\n \n \n \n (the\n“Optionor”) (OTCQB: LTUM) dated September 16, 2021 (the\n“Agreement”), whereby the Company may earn an undivided 80%\ninterest, in the existing San Emidio Desert Lithium Project that\nconsists of\n \n \n 35 mineral claims (of which 31 are\nstaked and in the process of being formally recorded) comprising a\ntotal of 2800 acres located approximately 60 miles North East of Reno,\nNevada\n \n \n , referred to as the “San Emidio Lithium\nProperty”.\n \n \n The Agreement with Lithium\nCorporation is an arms’ length transaction and is subject to TSX\nVenture Exchange (\"Exchange\") approval.\n \n \n \n \n “This Agreement significantly adds to our lithium\nexploration portfolio in Nevada and we are looking forward to working\nwith Lithium Corporation to further explore and develop this exciting\nProperty.” states Greg Reimer, Surge President and CEO.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n The geologic setting combined with the presence of\nlithium in both active geothermal fluids and surface\nsalts\n \n \n within\n \n \n the San\nEmidio Property match characteristics of lithium brine and clay\ndeposits at Clayton Valley, Nevada and in South America.  Geothermal\nfluids adjoining the claims are known to contain anomalous lithium\nvalues and a recently completed surface silt sampling program have\nconfirmed Li values in the area.  Although geological work has been\nundertaken for geothermal energy production in the area, the lithium\nin brine and clay potential of the playa has not been specifically\nstudied.  Initially, the lithium target in this basin was highly\nconceptual, however, recent exploration results are highly encouraging\nand warrant a detailed exploration drilling for a Cl...