NNLP Core Drilling Extends High-Grade Lithium

NNLP Core Drilling Extends High-Grade Lithium

VANCOUVER – Surge Battery Metals Inc. reported that the remaining certified assays from the 2023 core drilling phase on its high-grade lithium (Li) clay discovery at Nevada North (NNLP) have intersected high-grade lithium mineralization 600 meters (about 2,000 ft) west of 2022 hole NN2203. Additionally, mineralization has been extended to depth in hole NN2311 and a narrow band of mineralization was intersected starting from surface in the northernmost hole, NN2312.

Two holes (NN2307 and NN2310) drilled from the same pad show the mineralized horizons extend at least 600 meters (about 2,000 ft) west of hole NN2203 drilled in 2022. Hole NN2307 was drilled vertically, and NN2310 was drilled at a 50-degree dip due east. Hole NN2307 cut a total of 50.3 meters averaging 2533 ppm Li and NN2310 cut 47.7 meters averaging 3220 ppm Li.

Hole NN2311 was drilled from the same pad as sonic core hole NN2302 to compare sonic and diamond core results and to extend the hole in search of deeper clay horizons. The hole adds 7 meters (23 feet) of mineralized clay to the sequence thickness at this location, and core assays align well with sonic assays. NN2311 cut a total of 39.5 meters at an average grade of 3550 ppm Li in the upper zone and 7 meters of 2732 ppm Li in the newly identified deeper zone.

Hole NN2312 was drilled north of hole NN2303 to test for further extension of mineralized clays. The hole intersected 3.6 meters at surface of mineralized clay averaging 1,480 Li ppm. Evidence from core and geophysics have led to the interpretation of a new fault that suggests the main part of the basin to the south is a down-dropped block. Interestingly, low-resistivity horizons observed in the geophysics data plunge below the surface to the north of hole NN2312, suggesting there may be additional lithium mineralization to the north of this hole.

Greg Reimer, Chief Executive Officer, and Director commented, “The results mark the end of a successful 2023 exploration program at the NNLP. Our geophysics and drilling programs have greatly expanded the 2022 mineralized footprint and have continually produced near-surface composite grades of >3,000ppm Li. The deeper drilling has validated our interpretations and has generated additional near-surface targets to the east. We are now in the process of reviewing our geological model before handing it over to the resource estimators. We look forward to publishing our maiden Mineral Resource Estimate later in Q1.”