Cruz Battery Metals Corp. has expanded the 100-percent owned ‘Solar Lithium Project’ in Nevada by approximately 1,920 contiguous acres to now encompass 8,135 total contiguous acres. The ‘Solar Lithium Project’ directly borders American Lithium Corp.’s TLC project (see map in the photo). This strategically located land was added based on the data gathered so far on the ‘Solar Lithium Project’.
On January 17, 2022, the Company announced assays for first phase of drilling on the ‘Solar Lithium Project’. Multiple intercepts of the targeted potential lithium-bearing claystone formation were encountered in all the holes drilled in this initial phase of drilling. Values in Hole-1 were as high as 1,300 ppm/Li and encountered lithium bearing clays from 10 feet to 200 feet with a 60-foot intercept averaging 968.33 ppm/Li. Hole-2 had a high value of 1120 ppm/Li including a 60-foot interval averaging 768 ppm/Li. Hole-3 was stopped while still drilling the targeted claystone due to a blizzard that made drilling impossible. Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.
Jim Nelson, President of Cruz states: “Following the receipt of our initial drill results on the Solar Lithium Project in Nevada, we immediately decided to acquire significant, additional strategically located acreage, which directly borders American Lithium Corp.’s TLC project, who have a current market capitalization of approximately $650 million. The Solar Lithium property is one of the largest in the region, and we have drilled less than 10 percent of this large land package. We are planning an aggressive follow up drill program to test a larger portion of this property now that we know there is significant lithium present. This new discovery is coming at a time when lithium prices are at all-time highs. Our goal is to locate and provide a new, domestically sourced, battery grade lithium deposit and we are pleased to have these initial drill results right in the heart of the top lithium address in the USA. Management is very optimistic about what this project will mean for Cruz in the near and long term, and we are very bullish for 2022 and beyond.“