Grid Battery Metals Begins Drilling the Clayton Valley Lithium Project
Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) has commenced a reverse circulation drilling program at its Clayton Valley Lithium Project in Nevada. The project, covering 2,300 acres, is strategically located adjacent to Albemarle's lithium production facility and near Century Lithium's proposed Angel Island Lithium Mine. The company plans to drill several exploration holes to depths of up to 1,500 feet during September.
CEO Tim Fernback highlighted the project's potential, noting the booming lithium clay exploration in the area despite lower lithium prices. The drilling program, expected to continue until early October, aims to identify clay and sediment layers, water zones, and collect samples for assay. The program is being conducted by Envirotech Drilling and supervised by Rangefront Geological and the company's Qualified Person, Steven McMillin P.G.
Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) ha iniziato un programma di perforazione a circolazione inversa presso il suo progetto di litio Clayton Valley in Nevada. Il progetto, che copre 2.300 acri, è strategicamente situato accanto all'impianto di produzione di litio di Albemarle e vicino alla proposta Miniera di Litio Angel Island di Century Lithium. L'azienda prevede di perforare diversi pozzi esplorativi fino a profondità di 1.500 piedi durante settembre.
Il CEO Tim Fernback ha messo in evidenza il potenziale del progetto, notando l'esplorazione fiorente del litio da argilla nell'area nonostante i prezzi in calo del litio. Il programma di perforazione, che si prevede continui fino all'inizio di ottobre, mira a identificare strati di argilla e sedimenti, zone acquifere e raccogliere campioni per analisi. Il programma è condotto da Envirotech Drilling ed è supervisionato da Rangefront Geological e dalla Persona Qualificata dell'azienda, Steven McMillin P.G.
Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) ha comenzado un programa de perforación a circulación inversa en su Proyecto de Litio Clayton Valley en Nevada. El proyecto, que abarca 2,300 acres, está estratégicamente ubicado adyacente a la planta de producción de litio de Albemarle y cerca de la propuesta Mina de Litio Angel Island de Century Lithium. La empresa planea perforar varios agujeros de exploración a profundidades de hasta 1,500 pies durante septiembre.
El CEO Tim Fernback destacó el potencial del proyecto, señalando la enorme exploración de litio en arcilla en la zona a pesar de los precios más bajos del litio. Se espera que el programa de perforación continúe hasta principios de octubre y tiene como objetivo identificar capas de arcilla y sedimento, zonas de agua y recolectar muestras para análisis. El programa está siendo llevado a cabo por Envirotech Drilling y supervisado por Rangefront Geological y la Persona Calificada de la compañía, Steven McMillin P.G.
Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF)는 네바다의 클레이턴 밸리 리튬 프로젝트에서 역순환 드릴링 프로그램을 시작했습니다. 본 프로젝트는 2,300 에이커를 포함하며, 알베말의 리튬 생산 시설 옆에 전략적으로 위치하고 있으며 센추리 리튬의 제안된 앤젤 아일랜드 리튬 광산과 가깝습니다. 회사는 9월 동안 1,500 피트까지 여러 탐사 구멍을 뚫을 계획입니다.
CEO 팀 퍼백은 리튬 가격이 하락했음에도 불구하고 이 지역의 급증하는 리튬 점토 탐사의 잠재력을 강조했습니다. 드릴링 프로그램은 10월 초까지 계속될 것으로 예상되며, 점토와 퇴적층, 수역을 식별하고 샘플을 수집하는 것을 목표로 하고 있습니다. 본 프로그램은 Envirotech Drilling이 진행하고 Rangefront Geological과 회사의 자격을 갖춘 전문가인 Steven McMillin P.G.가 감독하고 있습니다.
Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) a débuté un programme de forage à circulation inversée dans son projet de lithium Clayton Valley au Nevada. Le projet, couvrant 2 300 acres, est stratégiquement situé à proximité de l'usine de production de lithium d'Albemarle et près de la mine de lithium proposée Angel Island de Century Lithium. La société prévoit de forer plusieurs trous d'exploration à des profondeurs allant jusqu'à 1 500 pieds en septembre.
Le PDG Tim Fernback a souligné le potentiel du projet, notant la croissance dynamique de l'exploration du lithium dans l'argile dans la région malgré la baisse des prix du lithium. Le programme de forage, qui devrait se poursuivre jusqu'au début d'octobre, vise à identifier les couches d'argile et de sédiment, les zones d'eau et à collecter des échantillons pour analyse. Le programme est réalisé par Envirotech Drilling et supervisé par Rangefront Geological ainsi que par la personne qualifiée de l'entreprise, Steven McMillin P.G.
Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) hat ein Rückbohrprogramm bei seinem Lithiumprojekt Clayton Valley in Nevada begonnen. Das Projekt erstreckt sich über 2.300 Acres, strategisch gelegen neben der Lithiumproduktionsanlage von Albemarle und in der Nähe der vorgeschlagenen Angel Island Lithium Mine von Century Lithium. Das Unternehmen plant, im September mehrere Explorationsbohrungen bis zu einer Tiefe von 1.500 Fuß durchzuführen.
CEO Tim Fernback hob das Potenzial des Projekts hervor und bemerkte die boomende Lithiumtonerforschung in der Region, trotz sinkender Lithiumpreise. Das Bohrprogramm, das bis Anfang Oktober fortgesetzt werden soll, zielt darauf ab, Ton- und Sedimentschichten sowie Wasserzonen zu identifizieren und Proben zur Analyse zu sammeln. Das Programm wird von Envirotech Drilling durchgeführt und von Rangefront Geological sowie der qualifizierten Person des Unternehmens, Steven McMillin P.G., überwacht.
- Strategic location adjacent to Albemarle's lithium production facility and near Century Lithium's proposed mine
- Commencement of reverse circulation drilling program to explore lithium potential
- Planned exploration holes to depths of up to 1,500 feet
- Potential for significant future exploration program based on current results
- Lower lithium commodity prices compared to previous highs
- Early stage of exploration with no confirmed lithium resources yet
COQUITLAM, BC / ACCESSWIRE / September 12, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased to announce that a reverse circulation drilling program is commencing on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE:ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV:LCE)(OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine. The Company plans to drill several exploration holes to maximum depths of 1500 ft. in several strategic locations on the property during the month of September.
Mr. Tim Fernback, Company President and CEO comments "Even though lithium commodity prices are much lower from their earlier highs, the Clayton Valley area is booming again for lithium clay exploration and development. Our Clayton Valley Lithium Project is situated near Albemarle Corporation's (NYSE:ALB) Silver Peak Mine which is North America's only producing lithium brine mining operation. Our property is located immediately to the west of this existing lithium production facility. Additionally, our lithium property is near Century Lithium's (TSXV:LCE)(OTCQB:CYDVF) Angel Island lithium project, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of
Mr. Fernback continues "The reverse circulation drilling program is expected to continue until early October. The Company should be able to immediately to identify the various clay and sediment layers and locations of water zones down to the older underlying basement rocks. Maximum estimated depths for these holes are 1500 feet. Samples for assay will include drill cuttings and collected water."
At the Clayton Valley Lithium Project, the reverse circulation drilling program will be performed by experienced mining contractor, Envirotech Drilling LLC and supervised by Rangefront Geological ("Rangefront") and our Company Qualified Person Steven McMillin P.G.
Proposed Drill Locations (Clayton Valley Lithium Project)
Mr. Steven McMillin P.G. comments "A major northeast fault interpreted from gravity bisects the claim block and is best apparent in the 500m slice even though the slice is below the basin floor. This suggests that the fault may be a fluid conduit at depth. Three drill holes in the south were selected by our team based on the combination of geophysics data and soil sample data that point to possible lithium accumulation within claystone and brine. The hole located at the north of the property has no significant soil signature as it is buried by alluvium, but it has a low-resistivity anomaly with a significant depth extent. A claystone dominant host for lithium is hypothesized at this location."
About Rangefront Geological
Elko Nevada-based Rangefront Geological has combined in-depth expertise with cutting-edge technology to provide mining consulting services, contract labor, field crew services,and vehicular support to the mining industry. With services available across North America, Rangefront works closely with its clients to provide high-quality mineral exploration services.
Qualified Person
Mr. Steven McMillin, P.G. is an independent qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained within this news release.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company 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.
www.gridbatterymetals.com.
About Texas Springs Property
The Company owns a
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) and comprised of 725 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a
Volt Canyon Lithium Property
The Company owns a
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 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 guarantees of 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. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
SOURCE: Grid Battery Metals Inc.
View the original press release on accesswire.com
FAQ
What is the size of Grid Battery Metals' Clayton Valley Lithium Project?
When did Grid Battery Metals (EVKRF) start drilling at the Clayton Valley Lithium Project?
What is the maximum depth of the planned exploration holes for Grid Battery Metals' (EVKRF) Clayton Valley project?
Who is conducting the drilling program for Grid Battery Metals (EVKRF) at Clayton Valley?
