Grid Battery Metals Update - Fall 2024 Drilling Results on Its Clayton Valley Lithium Project
Grid Battery Metals has announced results from its fall 2024 reverse circulation drilling program at the Clayton Valley Lithium Project in Nevada. The company completed a five-hole drill program totaling 4,735 feet to test for lithium clay and brines on their 2,300-acre property, which adjoins Albemarle's evaporation ponds.
The best drill-cutting intercept was found in RCV-04, showing tuffaceous sediments between 80 and 250 feet with an average of 298 ppm Li, including grades up to 741 ppm. While these results are below the published low-grade clay-hosted lithium threshold of 800-850 ppm, the company sees potential in unexplored southern areas.
Key findings include elevated water temperatures in all holes (peak 85˚C in RCV-05), presence of tuffaceous sediments, and evidence of hot-springs activity. The company plans to focus future exploration on the southern area of the claim block, which returned the highest lithium results.
Grid Battery Metals ha annunciato i risultati del suo programma di perforazione a circolazione inversa dell'autunno 2024 presso il Clayton Valley Lithium Project in Nevada. L'azienda ha completato un programma di perforazione di cinque fori per un totale di 4.735 piedi per testare litio nella argilla e salamoie sulla loro proprietà di 2.300 acri, che confina con le pozze di evaporazione di Albemarle.
Il miglior campione di perforazione è stato trovato in RCV-04, con sedimenti tuffacei tra 80 e 250 piedi e una media di 298 ppm Li, compresi gradi fino a 741 ppm. Sebbene questi risultati siano al di sotto della soglia di litio a bassa gradazione pubblicata di 800-850 ppm, l'azienda vede potenziale nelle aree meridionali inesplorate.
I principali risultati includono temperature dell'acqua elevate in tutti i fori (picco di 85˚C in RCV-05), presenza di sedimenti tuffacei e prove di attività di sorgenti calde. L'azienda prevede di concentrare l'esplorazione futura nell'area meridionale del blocco di concessione, che ha restituito i risultati di litio più elevati.
Grid Battery Metals ha anunciado los resultados de su programa de perforación por circulación inversa del otoño de 2024 en el Proyecto de Litio de Clayton Valley en Nevada. La empresa completó un programa de perforación de cinco pozos que totaliza 4,735 pies para buscar arcilla de litio y salmueras en su propiedad de 2,300 acres, que colinda con los estanques de evaporación de Albemarle.
La mejor interceptación de corte de perforación se encontró en RCV-04, mostrando sedimentos tufáceos entre 80 y 250 pies con un promedio de 298 ppm Li, incluidos grados de hasta 741 ppm. Aunque estos resultados están por debajo del umbral de litio de baja gradación publicado de 800-850 ppm, la empresa ve potencial en áreas del sur no exploradas.
Los hallazgos clave incluyen temperaturas del agua elevadas en todos los pozos (pico de 85˚C en RCV-05), presencia de sedimentos tufáceos y evidencia de actividad de manantiales termales. La empresa planea enfocar la futura exploración en el área del sur del bloque de reclamación, que arrojó los resultados de litio más altos.
Grid Battery Metals는 네바다의 클레이턴 밸리 리튬 프로젝트에서 2024년 가을 순환 역행 드릴링 프로그램의 결과를 발표했습니다. 이 회사는 2,300 에이커의 자산에서 리튬 점토와 소금을 시험하기 위해 총 4,735피트에 달하는 5개의 드릴 홀 프로그램을 완료했습니다. 이 자산은 Albemarle의 증발 연못과 인접해 있습니다.
가장 좋은 드릴 절단 인터셉트는 RCV-04에서 발견되었으며, 80에서 250피트 사이의 화산 성분의 퇴적물을 보여주고 평균 298 ppm Li, 741 ppm에 달하는 등급이 포함되어 있습니다. 이러한 결과는 800-850 ppm의 낮은 등급 점토 기반 리튬 한계 이하이지만, 회사는 탐험되지 않은 남쪽 지역에서 잠재력을 보고 있습니다.
주요 발견 사항에는 모든 홀에서의 높아진 수온(최대 85˚C, RCV-05), 화산 성분의 퇴적물 존재 및 온천 활동 증거가 포함됩니다. 이 회사는 리튬 결과가 가장 높았던 청구 구역의 남쪽 지역에 대한 미래의 탐사를 집중할 계획입니다.
Grid Battery Metals a annoncé les résultats de son programme de forage à circulation inversée de l'automne 2024 au projet de lithium Clayton Valley au Nevada. L'entreprise a complété un programme de forage de cinq trous totalisant 4 735 pieds pour tester l'argile de lithium et les saumures sur sa propriété de 2 300 acres, qui jouxte les bassins d'évaporation d'Albemarle.
La meilleure interception de forage a été trouvée dans RCV-04, montrant des sédiments tuffacés entre 80 et 250 pieds avec une moyenne de 298 ppm Li, y compris des grades allant jusqu'à 741 ppm. Bien que ces résultats soient en dessous du seuil publié de lithium à faible teneur de 800-850 ppm, l'entreprise voit un potentiel dans les zones du sud inexploitées.
Les principales conclusions comprennent des températures de l'eau élevées dans tous les trous (point culminant à 85˚C dans RCV-05), la présence de sédiments tuffacés et des preuves d'activité de sources chaudes. L'entreprise prévoit de concentrer les futures explorations sur la zone sud du bloc de concession, qui a produit les résultats de lithium les plus élevés.
Grid Battery Metals hat die Ergebnisse seines Bohrprogramms zur umgekehrten Zirkulation im Herbst 2024 beim Clayton Valley Lithium-Projekt in Nevada bekannt gegeben. Das Unternehmen hat ein fünflochiges Bohrprogramm mit einer Gesamtlänge von 4.735 Fuß abgeschlossen, um Lithium-Tonerde und -salze auf seinem 2.300 Acres großen Grundstück zu testen, das angrenzend an die Verdunstungsbecken von Albemarle liegt.
Der beste Bohranschnitt wurde in RCV-04 gefunden, wobei tuffartige Sedimente zwischen 80 und 250 Fuß mit einem Durchschnitt von 298 ppm Li sowie Graden von bis zu 741 ppm nachgewiesen wurden. Obwohl diese Ergebnisse unter der veröffentlichten Schwellengrenze für Lithium in niedriggradigem Ton von 800-850 ppm liegen, sieht das Unternehmen Potenzial in unerforschten südlichen Gebieten.
Wichtige Erkenntnisse umfassen erhöhte Wassertemperaturen in allen Löchern (Spitze 85˚C in RCV-05), das Vorhandensein von tuffartigen Sedimenten und Hinweise auf heiße Quellenaktivität. Das Unternehmen plant, die zukünftige Erkundung auf den südlichen Bereich des Anspruchsblocks zu konzentrieren, der die höchsten Lithiumergebnisse geliefert hat.
- Strategic location adjacent to Albemarle's operations and near Century Lithium's proposed Angel Island Lithium Mine
- Best drill-cutting intercept in RCV-04 showing 298 ppm Li average with grades up to 741 ppm
- Presence of key lithium deposition elements: basin bounding faults, tuffaceous sediments, and geothermal waters
- Lithium concentrations below industry standard for low-grade clay deposits (800-850 ppm)
- Diminishing lithium assays towards the north of the property
- Unexpected thinning of sediments due to basalt presence
COQUITLAM, BC / ACCESS Newswire / January 21, 2025 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce the results of its fall 2024 reverse circulation drilling program 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, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of
Drilling Image from the Clayton Valley Lithium Project
Mr. Tim Fernback, Company President and CEO comments "Now that we have the results of the fall 2024 exploration program at our Clayton Valley Lithium Project, we are excited about the next steps of further testing the lithium content of the claystones and brine in the southern part of the claim which is near the Silver Peak Lithium Mine. This area holds the greatest promise as a lithium deposit for our company at Clayton Valley. One of the stated goals of the fall drilling program was to test the depth of the accumulated lithium brine and claystones on our property which was completed. With this knowledge, we can propose a significant follow-on exploration program that will work towards an eventual maiden resource calculation and NI# 43-101 Preliminary Economic Assessment. We remain very excited about this opportunity in Nevada for our company and shareholders."
Summary of the 2024 Fall Exploration Program at Clayton Valley
Grid Battery Metals completed a five-hole drill program in late October 2024, and assay results have since been returned. A total of 4735 feet were drilled to test for economic lithium clay and lithium brines with the Company landholdings located 1.2 miles northeast of Silver Peak, Nevada. Figure 1 shows the locations of the completed 2024 and 2021 holes.
The ingredients for lithium deposition including basin bounding faults, tuffaceous sediments, and geothermal waters are present on the Grid claims (Figure 2). Geologically, the property lies above a north trending fault graben on the west side of Clayton Valley called the Goat Island Graben. The surface is composed of alluvium, dunes, and playa sediments. Hot-spring related travertine, sinter, and tufa deposits occur on the west edge of the graben andare thought to represent upwelling and lithium bearing geothermal water from the deeper Clayton Valley basins to the east.
Tuffaceous sediments (including sinter and travertine), and alluvial gravels with anomalous lithium were encountered in nearly every hole. Water temperatures were elevated in all holes with a peak temperature of 85˚C in RCV-05. The presence of sinter and travertine in the holes suggests that hot-springs sediments covered a much broader area than the mapped exposures indicate.
Table 1 is a summary of assay results. Water assays were collected in 500 ml plastic bottles every 20 feet and sent to ALS Global where they were weighed, filtered, acidified, and analyzed by ICP-AP. Cutting samples were collected every 5 feet and sent to Bureau Veritas in Reno for analysis. Samples were processed, weighed and air-dried. Samples were crushed to
Lithium concentrations in water samples were determined in all holes. The best drill-cutting intercept occurs in RCV-04 in tuffaceous sediments between 80 and 250 feet with an average of 298 ppm Li that includes grades to 741 ppm and is worthy of further exploration. Published low-grade clay-hosted lithium assays are approximately 800-850 ppm. While lithium assays generally diminish to the north, there is still untested property to the south to explore for shallow, but higher-grade lithium which is of considerable interest to the Grid Exploration Team.
The anticipated thickness of the sediments above Cambrian basement (1500-1800 feet) in the Goat Island Graben appears thinned by the presence of basalt with an unknown thickness that may occur along the length of the Graben. However, this "flow" may lie on top of older sediments within the graben, G. and could potentially act as an ideal aquitard for lithium brines (Figure 2). Seismic survey lines would help to establish the basalt depth and plan for deeper drill targets. Grid Battery Metals will consider its exploration options for 2025 with a primary focus on the southern area of the claim block which returned the highest lithium drill results for the Company.
Figure 1: Grid Battery Metals property with drill hole locations, faults, and hot-spring related rocks
Figure 2: Interpretive north facing cross-section showing extended hot-springs rocks and basalt. Section is located between RCV-01 and RCV-05
Table1: Summary of Results
Mr. Steven McMillin, P.G. Company Qualified Person, states "For a follow-up program consisting of shallow holes less than 600 feet could rapidly test for higher grade lithium to the south of RCV-04. For a deeper test beneath basalt, an active seismic test line should be considered to identify the basalt thickness and hopefully the graben bottom. Drilled lithologies, particularly basalt, will help calibrate the seismic results. If the results indicate there is a lower package of sediments, then more lines to the south RCV-04 and possibly over holes drilled to the north could be conducted. Magnetotelluric results in conjunction of the seismic results can be reinterpreted. From this, a much better geologic model can be constructed to plan deeper drill holes".
Mr. McMillin continues "There is a possibility of a deeper section of sediments below the basalt in the Goat Island Graben. Basalt could be an excellent aquitard for lithium brines."
Assays
Cutting samples were sent to Bureau Veritas ("BV") laboratory in Reno. Samples were processed, weighed and air-dried. The air drying was recommended by Applied Hydrologic of Reno because normal drying temperatures in a lab may volatilize lithium. Unfortunately, additional time was added to sample processing. After weighing, samples were crushed to
Water samples were delivered to the ALS Global laboratory in Elko. The water samples were kept in a cooler with ice until delivery. Samples were logged in, filtered, and acidified. The analysis was done by ICP instrumentation.
Geology Logging
Lithology samples were captured every 5 feet using a strainer and placed into 20-compartment plastic chip trays for geologic logging. Chip logging into an Excel spreadsheet was conducted during night and day shifts. and lithology, structure, alteration, and mineralization were logged into separate worksheets.
Drillhole Geology
The geology of all holes drilled is summarized in Table 1. Material drilled includes lacustrine alluvial sediments, and basalt Common features encountered in nearly every hole include:
Thin recent alluvium cover of approximately 20 feet.
Clay and travertine/sinter intervals to approximately 400 feet from the surface.
Basalt from approximately 400 feet with an unknown total thickness. The exceptions
are RCV-06 and RCV-08 where no basalt was drilled.Groundwater temperatures of 85̊-120̊ F. RCV-05 ended with 180˚ F water.
Evidence of active hydrothermal alteration at multiple elevations in multiple
lithologies.Water flows of up to 220 gallons per minute.
Alteration in tuffaceous units consists of distinct greenish or gray clays.
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. www.gridbatterymetals.com.
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.
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)(OTCQX: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
About the Volt Canyon Lithium Property
The Company owns a
About the British Columbia Copper Project
The Company acquired a
The Company's claims are also located between Centerra Gold Inc.'s (TSX:CG)(NYSE:CGAU) prominent Copper/Gold assets, the Kemess North project and the operating Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper (Technical Report on the Mount Milligan Mine, November 7, 2022, Borntrager. B, et al.).
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 ACCESS Newswire
FAQ
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