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Grid Battery To Begin the 2024 Exploration Program on Its Clayton Valley Lithium Project13.03.2024 | 7:30 Uhr | Accesswire
COQUITLAM, March 13, 2024 - Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased announce that it will immediately begin the 2024 Exploration Program on its Clayton Valley Lithium Project. The planned exploration program is identified in the NI 43-101 Technical Report completed by Mr. Steven McMillin P.G. filed on SEDAR+ (www.sedarplus.ca) and viewed on the Company's website at Clayton Valley Technical Report. Clayton Valley Lithium Project Furthermore, the Company has selected Rangefront Geological ("Rangefront") to perform both a detailed soil sampling on a 250 m X 250 m spacing and to oversee a CSAMT geophysical survey performed by KLM Geoscience. The CSAMT survey is a preferred method for identifying strata that may contain lithium brine (evidenced by low resistivity), and structures that potentially focus brine. The soil sampling will identify where subsurface brine may have reached the surface. The combination of CSAMT and geochemistry will assist the Company in determining the next steps for its 2024 exploration including the planning of a first phase drill program. For over a decade, Rangefront 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 will work closely with Grid to provide high-quality soil sampling and mineral exploration program tailored to the Clayton Valley Lithium project. Tim Fernback, Grid President & CEO comments "Rangefront is a company that our geological team has successfully used several times in the past for lithium exploration work in Nevada for both Grid and other companies that we have managed in the past, including work done by Surge Battery Metals. This soil sampling program will take place immediately, and the CSAMT survey will begin on March 18, 2024 by experienced operator KLM Geoscience. This soil sampling together with planned geophysics and geochemistry on our Nevada lithium property, will allow us to select drill targets for subsequent exploration programs later in the year. Here, we plan to select four drill locations to reach depths of 1000 ft each. After this is complete, Grid plans to create a 3D model and provide an interpretation of the underground area for its shareholders." About Rangefront Geological About KLM Geoscience LLC Qualified Person About Grid Battery Metals Inc. www.gridbatterymetals.com. About Texas Springs Property 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 Volt Canyon Lithium Property About the British Columbia, Nickel Projects The Company has previously announced plans to spin out its wholly-owned subsidiary, AC/DC Battery Metals Inc., finance it separately, and separately list it on the TSX Venture Exchange in 2024. This transaction once complete, will provide a valuable share dividend to each Grid Shareholder of record for no additional cost. On Behalf of the Board of Directors "Tim Fernback" Contact Information: 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 Dieser Artikel stammt von Rohstoff-Welt.de
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