Grid Battery Metals Completes Phase 2 of its 2024 Clayton Valley Project 2024 Exploration Plan

Grid Battery Metals Completes Phase 2 of its 2024 Clayton Valley Project 2024 Exploration Plan

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - June 20, 2024 - Grid Battery Metals Inc. (the "Company" or "Grid") ( TSXV: CELL, OTCQB: EVKRF FRA: NMK2 ) is pleased to announce the conclusion of a second phase of soil samples and the construction of a geologic model incorporating mapped geology, magnetotelluric (MT) geophysics, and soil geochemistry. Grid's exploration team has determined that a multilayered approach to drill targets would improve the chances of intercepting lithium bearing brines.

The initial soil sample program was completed in March 2024 and consisted of 166 samples on a 250 x 250 meter grid. The results of this program show a sizeable cluster of +300 ppm samples at the south end of the claims, and a generally northeast trending cluster of 100-300 ppm samples that extend to the north-central portion of the claims (Figure 1).

A second infill phase was completed in early May 2024 over a 125 x 125 meter grid (Figure 2) and consists of 286 samples.  The objective of the infill sampling is to refine grade breaks identified in phase 1 to better focus drill targeting.  Assay results are pending.

Recent Infill Soil Samples Taken (Clayton Valley Lithium Project)


Click Image To View Full Size

Figure 1: Clayton Valley Phase 1 soil sampling results.


Click Image To View Full Size

Figure 2: Clayton Valley infill Phase 2 soil samples.

To better understand the underlying structure of the Clayton Valley claims, 2024 MT data, and publicly available geologic maps and DEM data were incorporated into a Leapfrog model by Mr. Ben Hinkley of Rangefront Mining Services.  The geologic mapping used is from a 2008 summary report of a geothermal exploration program in Clayton Valley in 2007 (Hulen, 2008).  Both mapped and inferred faults were used to create fault blocks.  Figure 3 shows the geologic map used, and the Grid land shape both draped on a topographic DEM.

Figure 3:  A Leapfrog model with faults and fault blocks. The darked image to the right of the topographic DEM image includes the Grid land shape.


Click Image To View Full Size

Figure 4: Oblique view of the Clayton Valley geologic model without claims on the left and with claims on the right.

Apparent resistivities and XYZ coordinates from each MT (1d and 2d) line were imported into Leapfrog as a numeric model, and isosurfaces (3d contours) were generated for various resistivities.  2D resistivities of


Click Image To View Full Size

Figure 5: 2D resistivity isosurfaces for

All soil assays will be contoured as a horizontal surface and will then be draped on topography in Leapfrog.  The expectation is that the soil contours and MT contours will enable the best placement of drillholes that are driven by structure, geophysics, and geochemistry.

Grid's Clayton Valley Lithium Project (RC Drilling Locations Identified)


Click Image To View Full Size

Tim Fernback, Grid President & CEO comments "Recently, Century Lithium ( TSXV: LCE, OTCQB: CYDVF ) our neighbor to the east) has just released their Positive Feasibility Study by T. Lane et al. (2024). 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 NPV 8 of $3.01 billion. Additional information is in Century Lithium's NI-43-101 by Fayram et al. (2020) 43-101 Report . Clayton Valley Nevada is home to North America's only lithium brine producer (Albemarle Corporation's ( NYSE: ALB ) Silver Peak Mine) and our property is immediately to the west of their lithium property and production facility.  We are very excited about our work completed to date and look forward to our assay results so we can continue to generate shareholder value in this prolific lithium producing region of Nevada."

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 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 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 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.

References

Hulen, Jeffrey B., 2008, Geology and Conceptual Modeling of the Silver Peak Geothermal Prospect, Esmeralda County, Nevada, Technical Report for Sierra Geothermal Power Corporation, http://gdr.openei.org/files/268/Silver%20Peak%20Geology%20Map%20and%20Model%20(Hulen)%20Jul%202008.pdf .

Prefeasibility Study Clayton Valley Lithium Project, Esmerelda County, Nevada, August 5, 2020, Amended March 15, 2021, Todd Fayram MMSA-QP (CMS), Terre A. Lane MMSA-QP (GRE), J.J. Brown, SME-RM (GRE), NI43-101 Technical Report for Century Lithium

Century Lithium Announces Positive Feasibility Study for the Clayton Valley Lithium Project, Nevada, April 29, 2024, Terre A Lane MMSA-QP (GRE), Hamid Samari, Principal Geologist, Todd-Fayram, Sr. V.P Metallurgy-Century Lithium, Alan Drake, Process Engineering, Haiming (Peter)Yuan Principal Geotechnical Engineer, Paul Blauch, Technical Director, Farza Kossari, Cost Estimating Engineer, Century Lithium Press Release.

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).

Copyright (c) 2024 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

CELL:CC
The Conversation (0)
Grid Battery Closes Acquisition of Copper Property with AC/DC Battery Metals Inc.

Grid Battery Closes Acquisition of Copper Property with AC/DC Battery Metals Inc.

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - March 17, 2025 - Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV: CELL, OTCQB: EVKRF FRA: NMK2) announces that further to its news release dated August 29, 2024, and the TSX Venture Exchange's ("Exchange") conditional acceptance letter dated October 9, 2024, the Company has now closed the "related party" transaction subject to final Exchange approval.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Grid Battery Metals Update - Fall 2024 Drilling Results on its Clayton Valley Lithium Project

Grid Battery Metals Update - Fall 2024 Drilling Results on its Clayton Valley Lithium Project

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - 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 $3.01 billion .

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Grid Battery Metals Update - Drilling Completed on its Clayton Valley Lithium Project

Grid Battery Metals Update - Drilling Completed on its Clayton Valley Lithium Project

Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV: CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce that its reverse circulation drilling program has now been completed 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 $3.01 billion

Mr. Tim Fernback, Company President and CEO comments "Now that our fall drilling program at our Clayton Valley Lithium Project has been successfully completed, we are eagerly awaiting the lithium assay results from the lab. One of the stated goals of the planned drilling program was to test the depth of the accumulated lithium brine and claystones on our property. 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."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Grid Battery Metals Drilling Update on its Clayton Valley Lithium Project

Grid Battery Metals Drilling Update on its Clayton Valley Lithium Project

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC September 26, 2024 TheNewswire Grid Battery Metals Inc. (the "Company" or "Grid") ( TSXV: CELL, OTCQB: EVKRF FRA: W47 ) is pleased to announce that a reverse circulation drilling program is well under way 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 has completed the drilling of its first hole to a depth of over 870 feet, with the remaining drill holes proposed to a maximum depth of 1500 feet.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Grid Battery Metals Begins Drilling the Clayton Valley Lithium Project

Grid Battery Metals Begins Drilling the Clayton Valley Lithium Project

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - 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.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS

WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce further progress on its board renewal process.

Western Copper and Gold Corporation Logo (CNW Group/Western Copper and Gold Corporation)

In connection with the upcoming Annual General Meeting ("AGM"), Dr. Bill Williams will retire from his last remaining board position, and Tara Christie will not stand for re-election in order to focus on her existing executive priorities. Western is pleased to announce the nomination of Pamela O'Hara for election to the board of directors at the Company's AGM on June 12, 2025 .

Ms. O'Hara brings over 30 years of experience advancing mining and transportation infrastructure projects, as well as a deep level of expertise in the Yukon . She has been heavily involved in permitting large projects including Ekati, Voisey's Bay, Wolverine, Hope Bay , Canadian Pacific Railway, and the Port of Vancouver . A Registered Professional Biologist and Certified Sustainability (ESG) Practitioner, Ms. O'Hara is known for delivering innovative, community-focused projects and successfully navigating regulatory environments. Ms. O'Hara holds a B.Sc. in Biology and Oceanography from the University of British Columbia and an M.Sc. in Environment and Management from Royal Roads University.

"On behalf of the Board, I would like to sincerely thank Bill for his many contributions to Western over the years and wish him all the best in his retirement," said Sandeep Singh , President and CEO. "We also thank Tara for her years of dedicated service and support to Western. Looking ahead, as we advance the Casino Project through environmental assessment and permitting, Pamela's proven ability to navigate regulatory processes and deliver major projects will be a significant asset to the board of directors and the broader team."

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-continues-board-renewal-process-302445376.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/05/c6437.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Osisko Metals Intersects 323 Metres Averaging 0.43% Cu at Gaspé Project

Osisko Metals Intersects 323 Metres Averaging 0.43% Cu at Gaspé Project

Osisko Metals Incorporated (the " Company or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drilling results from the 2025 drilling program at the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Results for six new holes are reported below, located at the southern end of the deposit defined in the 2024 Mineral Resource Estimate ("MRE", see attached map and November 14, 2024 news release).

OM Gaspé Copper Project (May 5, 2025) Location of Drill Holes

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Group Eleven to be Featured on Radius Research for a Live Company Pitch, Deep Dive and Q&A Webinar

Group Eleven to be Featured on Radius Research for a Live Company Pitch, Deep Dive and Q&A Webinar

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to invite investors and other interested parties to attend the Company's upcoming interview with Radius Research.

CEO Bart Jaworski is providing an update on ZNG's Ballywire high-grade zinc-lead-silver (+/- germanium, +/- copper) discovery in the Republic of Ireland.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×