Grid Battery Exploration Team Reports its MT Geophysics Survey Results on the Clayton Valley Lithium Project

Grid Battery Exploration Team Reports its MT Geophysics Survey Results on the Clayton Valley Lithium Project

Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased announce the results of the initial exploration program, a Magnetotelluric (MT) geophysics survey performed by the KLM Geoscience ("KLM"). The geophysics survey was overseen by Grid's Qualified Professional, Mr. Steven McMillin P.G

MT survey profiles

The MT survey is a preferred method for identifying strata that may contain lithium brine evidenced by low resistivity (high conductivity) signatures, structures that potentially focus brine, and basin floor geometry.

Mr. Steven McMillin P.G. comments "The MT survey was completed over eleven profiles. The results were plotted in horizontal slices at 250m, 500m and 750m with bedrock depths that range from 216 to 406 m within the Grid claims. 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 The fault is less apparent in the strong near-surface anomaly in the 250m slice that may reflect a spread of fluids within the basin sediments away from the fault. The 750m depth slice is likely below the basin floor and conductivity is mostly focused near the basin bounding faults".

Mr. Steven McMillin continues "We plan to complete an infill sample program on the southern half of the property claims on 125 m centers. Results will be incorporated with available surface geology, previous drilling, and previous geophysics into a 3D Leapfrog model. This model will provide a good framework to assist locating future exploration and drilling."

MT Geophysical Survey Results

Grid's Clayton Valley Lithium Project

Tim Fernback, Grid President & CEO comments "Clayton Valley Nevada is home to North America's only lithium brine producer (Albemarle Corporation's Silver Peak Mine) and our property is immediately to the west of their lithium property and production facility. Recently, Century Lithium (our nearby neighbour to the east of Albermarle) has just released their Positive Feasibility Study (April 29, 2024) with Measured and Indicated resources totaling 1,207.33 million tonnes (Mt) at an average grade of 957 parts per million (ppm) lithium (Li) containing 1.155 Mt of Li or 6.148 Mt of lithium carbonate equivalent (LCE), a 40 year mine life and an after-tax NPV8 of $3.01 billion. With the MT survey that has just been completed, together with the results of the planned detailed soil sampling program in the southern area of our Clayton Valley claim block, these results will allow us to determine next steps for our exploration programs later in the year."

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).

About KLM Geoscience LLC

KLM (https://www.klmgeoscience.com/) is an industry leading, Nevada-based geophysical exploration company. Established in 2014, KLM specializes in a wide array of geophysical methods. Using state of the art equipment, KLM's services include induced polarization (IP), natural-source magnetotellurics (MT, AMT), controlled-source audio-frequency magnetotellurics (CSAMT), passive seismic and magnetic potential field surveys. With a head office location in Nevada, this allows KLM to rapidly mobilize and begin work at a moment's notice throughout the Western United States and beyond. KLM has been a preferred vendor for Grid and its management team for many years.

Qualified Person

Mr. Steven McMillin, P.G. is a Qualified Person as defined by National Instrument 43-101 and has 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 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded results with average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.

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 100% interest in 113 lithium lode and placer claims covering over 640 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.

Volt Canyon Lithium Property

The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.

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

News Provided by ACCESSWIRE via QuoteMedia

CELL:CC
Grid Battery Metals

Grid Battery Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Grid Battery Metals

Grid Battery Metals


Keep reading...Show less
Fundamental Research Initiates Coverage on Grid Battery Metals and Publishes its Initiation Research Report

Fundamental Research Initiates Coverage on Grid Battery Metals and Publishes its Initiation Research Report

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC May 9, 2024 TheNewswire Grid Battery Metals Inc. (the "Company" or "Grid") ( TSXV: CELL, OTCQB: EVKRF FRA: NMK2 ) is pleased to report that Fundamental Research Corp. ("Fundamental" or "FRC") has initiated coverage of the Company. The Initiating Coverage Report can be viewed at Fundamental's website and various third-party websites.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Grid Battery Metals Comments on Recent Promotional Activity Pursuant to OTC Markets Request

Grid Battery Metals Comments on Recent Promotional Activity Pursuant to OTC Markets Request

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - April 29 2024- Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV: CELL, OTCQB: EVKRF FRA: NMK2) has received a request by the OTC Markets Group to comment on recent promotional activity related to Grid's common shares traded on the OTC Markets.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Grid Battery Announces Record Date and Effective Date for Spin-Out of AC/DC Battery Shares

Grid Battery Announces Record Date and Effective Date for Spin-Out of AC/DC Battery Shares

(TheNewswire)

Grid Battery Metals Inc..
  • Grid Battery Metals Inc. sets April 25, 2024 as the record date for the distribution to its shareholders of AC/DC shares

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Grid Battery Results of Annual General and Special Meeting of Shareholders

Grid Battery Results of Annual General and Special Meeting of Shareholders

Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased to announce the results of its Annual General and Special Meeting (the "Meeting") of shareholders of the Company held on April 9, 2024. All matters set out in its management information circular dated March 7, 2024 were approved with 99% voting in favour of all resolutions, including approval of the proposed plan of arrangement (the "Arrangement") for the previously announced spin-out by the Company of 9,414,040 common shares of its wholly owned subsidiary ACDC Battery Metals Inc. ("ACDC") to the shareholders of the Company and the Company will transfer to ACDC ownership of its Nickel Properties in British Columbia. The Company will keep shareholders apprised of the status of the closing of the Arrangement and the timing of the share dividend

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Grid Battery Re-Engages TD Media d/b/a Life Water Media to Provide Media Services

Grid Battery Re-Engages TD Media d/b/a Life Water Media to Provide Media Services

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - April 5, 2024 - Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL ) ( OTC:EVKRF ), ( FRA:NMK2) announces that the Company has re- engaged the services of TD Media LLC dba Life Water Media LLC ("Life Water Media") to help raise online marketing awareness and to provide a comprehensive digital media marketing campaign for the Company.  Life Water Media is based out of Sugar Land, Texas.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Noble Minerals Plans to Drill in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario

Noble Minerals Plans to Drill in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - May 28, 2024 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTCQB:NLPXF) is pleased to announce that the company has plans to execute a drill program on 214 claims in Way Township commencing in mid-Jine. The claims extend from about 4 to 15 km southwest of the town of Hearst, Ontario. The property area is equivalent to approximately 4,500 hectares or 45 sq km. The drill program follows geophysical surveys done to identify targets that may be the source of the mineralized boulder. The recent geophysical program was partially funded by the Ontario Junior Exploration Program and application has been made to the same program to fund the drill program. The Program will fund up to $200,000 on a $400,000 exploration program.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
VIZSLA COPPER ANNOUNCES BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$3.0 MILLION

VIZSLA COPPER ANNOUNCES BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$3.0 MILLION

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (" Vizsla Copper " or the " Company ") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (the " Lead Agent ") to act as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the " Agents ") in connection with a best efforts, private placement (the " Offering ") for aggregate gross proceeds of up to C$3,000,000 from the sale of the following:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Bravo Intersects High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization in Drill Testing of Luanga EM targets

Bravo Intersects High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization in Drill Testing of Luanga EM targets

Highlights include 11.48m at 14.3% Cu, 3.3g/t Au including 2.9m at 22.9% Cu, 3.6g/t Au at T5 Target

  • Regional exploration has drilled two new areas of sulphide mineralization (T5 and T6 Targets), east of the original Luanga PGM+Ni+Au deposit.
  • T5 and T6 targets are only two of eleven priority EM anomalies hosted within the boundaries of the Luanga tenement.
  • T6 target has also intersected massive sulphides in ultramafic rock.

Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), (" Bravo " or the " Company ") has completed initial drill holes on the "T5" and "T6" electromagnetic ("EM") anomaliestargets. Assays have been received from the first drill hole ("DDH") at target T5. Both targets are located east of the original PGM+Au+Ni prospecting area of the 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit (" Luanga " or " Luanga PGM+Au+Ni Project "), in the Carajás Mineral Province, state of Pará, Brazil .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Canadian North Resources Inc. Reports Financial Results and Operational Update for the First Quarter Ended March 31, 2024

Canadian North Resources Inc. Reports Financial Results and Operational Update for the First Quarter Ended March 31, 2024

Highlights:

  • Filed the Mineral Resources Statement in compliance with the National Instrument 43-101 Standards that defines the large and high-grade Mineral Resources at the Ferguson Lake Project (Figure 1 and 2). 80% of the Indicated Mineral Resource is Open Pit, which provides a solid Mineral Resource base for the initial development of a potential large mine.
  • Identified new targets with significant resource upside potential along strike and down dip of the 15 km long main mineralized horizon and on additional zones including M-Zone, A51-Zone, A51 Zone Extension, Small Island and Lake Zone, West Zone South and South Discovery Zone (Figure 1).
  • Planned new metallurgical tests, economic evaluation and infrastructure and environmental studies for low-carbon footprint mine development at the Ferguson Lake Project.

Canadian North Resources Inc. ("Canadian North" or the "Company") (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report its operational and financial results for the first quarter ended March 31, 2024.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Rio Tinto and BHP collaborate on battery-electric haul truck trials in the Pilbara

Rio Tinto and BHP collaborate on battery-electric haul truck trials in the Pilbara

In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240526465039/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Astria Therapeutics to Present at Upcoming Eastern Allergy Conference

Astria Therapeutics to Present at Upcoming Eastern Allergy Conference

Astria Therapeutics, Inc. (NASDAQ:ATXS), a biopharmaceutical company focused on developing life-changing therapies for allergic and immunological diseases, today announced that it will present final STAR-0215 Phase 1a healthy subject data in an encore presentation at the upcoming Eastern Allergy Conference in Palm Beach, Florida on June 1, 2024.

Jessica Best, Vice President of Medical Affairs at Astria Therapeutics, will present a poster titled, "Updated Results of a Phase 1a Trial of STAR-0215 for Hereditary Angioedema" at 9:45am EST on Saturday, June 1.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Grid Battery Metals

Grid Battery Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×