Grid Battery Metals Files NI 43-101 Report on Texas Spring Lithium Project in Nevada

Grid Battery Metals Files NI 43-101 Report on Texas Spring Lithium Project in Nevada

Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased to announce that the Technical Report for the Texas Spring Lithium Project, dated January 25, 2024, prepared by Mr. Seth Cude, P.G. of Rangefront Geological, has been filed on SEDAR+ (www.sedarplus.ca) and can be viewed on the Company's website at Texas Springs 43-101 Report

Our team recently completed the Phase 1 exploration of the Texas Springs Property in fall 2023 which included both a CSAMT geophysical survey and a detailed soil sampling on a 50 m X 100 m spacing. Results were impressive and on-trend with the results found at the Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) Nevada North Lithium Property that adjoins the Texas Spring Property to the north. Our Phase 1 Exploration results included average Lithium Grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to an impressive 5,610 ppm Lithium.

As mentioned previously, the Texas Springs Lithium Property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. 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. On September 12, 2023, Surge announced some exciting results of its most recent drilling program at this property, and recorded its highest grades to date, with up to 8070 ppm Lithium on the Northern Nevada Lithium project. These results were followed up on December 5, 2023 with a subsequent drill program yielding core drilling intercepts with assays over 7,630 ppm and multiple horizons upon deeper drilling performed.

Furthermore in May 2023, Nevada was ranked again as the #1 Mining Jurisdiction in the world by the Fraser Institute, a position it has held several times in the recent past.

Mr. Tim Fernback, Grid President & CEO comments "We are happy to report the filing of the NI 43-101 Technical Report on our Texas Spring Lithium Project. The recommendation for future exploration includes a multi-phase drilling program as a logical next step here on the property. The timing is good for the Company, and with approximately CAD$7.2 million in our treasury, we are well-positioned and fully funded for our 2024 exploration season."

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.

The Company also announces that further to the Company's news release dated December 13, 2023, the Company has decided not to go forward with the Media Services contract with Omni8 Communications Inc.

Qualified Person

Mr. Seth Cude, 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.

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 303 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).

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.

About the British Columbia, Nickel Projects

The Grid Nickel Project consists of three claim blocks with a total area of 5,000 hectares in the area surrounding Mount Sidney Williams, near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium, whereby nickel has been recorded in the Fe-Ni alloy awaruite as well as nickel sulphides The Grid Nickel Project are partially underlain by rocks of the Trembleur Ultramafic Unit, which consist of variably serpentinized harzburgite, dunite, orthopyroxenite, and locally carbonate-talc altered rocks and listwanite.

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.

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
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
Grid Battery Exploration Team begins work on its Clayton Valley Lithium Project

Grid Battery Exploration Team begins work on its Clayton Valley Lithium Project

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - March 28, 2024 - Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV: CELL, OTCQB: EVKRF FRA: NMK2) is pleased announce that our 2024 Exploration Program has officially started on its Clayton Valley Lithium Project. The 2024 Exploration Program will begin with a Magnetotelluric (MT) geophysics survey performed by the KLM Geoscience ("KLM") as overseen by Grid's Qualified Professional, Mr. Steven McMillin P.G..

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Grid Battery to begin the 2024 Exploration Program on its Clayton Valley Lithium Project

Grid Battery to begin the 2024 Exploration Program on its Clayton Valley Lithium Project

(TheNewswire)

Grid Battery Metals Inc..

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

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Nickel Announces Exercise of Mann Property Option with Noble

Canada Nickel Announces Exercise of Mann Property Option with Noble

Highlights

  • Canada Nickel acquiring an 80% interest in Mann Property (~11,000 hectares)

  • Includes Mann Northwest, Central and Southeast properties that cover a combined 25 km strike length of nickel-bearing ultramafic rocks

  • Northwest and Central will advance to resource delineation programs while Southeast will be drilled for the first time, all during the 2024 exploration program

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that it is exercising its option to acquire an 80% interest in the Mann Nickel Property from Noble Mineral Exploration Inc. ("Noble") as Canada Nickel consolidates its interests in bulk tonnage nickel projects east of Timmins, Ontario .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Noble Announces Canada Nickel Exercising its Option on Noble's Mann Township Property

Noble Announces Canada Nickel Exercising its Option on Noble's Mann Township Property

(TheNewswire)

Noble Mineral Exploration Inc.

Highlights

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Announces Exploration Permit for Flagship Project Drayton Black Lake

Heritage Mining Announces Exploration Permit for Flagship Project Drayton Black Lake

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Aston Bay and American West Metals Announce Drilling and Geophysics Underway at the Storm Copper Project, Canada

Aston Bay and American West Metals Announce Drilling and Geophysics Underway at the Storm Copper Project, Canada

Targeting growth through drilling

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to announce the commencement of high-impact drilling and exploration activities at the Storm Copper Project ("Storm" or the "Project") on Somerset Island, Nunavut. The program will be conducted by American West Metals Limited ("American West"), who is the operator of the Project. American West has completed the required expenditures to earn an undivided 80% interest in the Project. American West will be solely responsible for funding the program

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Northern Dynasty Makes Annual Filings

Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") announces that it has filed its audited Financial Statements, Management Discussion and Analysis, Annual Information Form and Annual Report on Form 40F for the year ending December 31, 2023. The Company also advises that, consistent with previous years, its audited consolidated financial statements for the fiscal year ended December 31, 2023 included in the Company's Annual Report on Form 40F, contained an audit report from its independent registered public accounting firm with a going concern emphasis of matter. Release of this information is required by Section 610(b) of the NYSE American Company Guide. It does not represent any change or amendment to any of the Company's filings for the fiscal year ended December 31, 2023

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Awalé Announces Update for Shareholder Participation Right

Awalé Announces Update for Shareholder Participation Right

Further to the news release of April 17, 2024, Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") announces further details and an increase regarding the participation right of its current shareholder. The shareholder has the right to maintain its percentage holding post offering. In order to account for the full ‎Underwritten Offering (including the Underwriter Option), a maximum of approximately 3,989,323 Units (as defined herein) at a price of $0.62 ‎per Unit may be issued to this shareholder for proceeds of approximately ‎‎$2,473,380, which is an increase of 1,021,403 ‎Units from the April 17, 2024 news release.‎ There is no assurance the shareholder will exercise the full participation right.‎ The Units are identical to those announced in the April 17, 2024 news release.

News Provided by Newsfile 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

×