- Cruz (CRUZ) has rushed assays from phase II drilling at its Solar Lithium Project in Nevada
- It encountered potential lithium-bearing claystone in every drill hole
- Reno’s ALS Labs will oversee sample analysis
- Cruz Battery Metals acquires and develops metals projects for the rechargeable battery and renewable energy sectors
- Cruz (CRUZ) is up by 9.3 per cent trading at $0.235 per share
Cruz (CRUZ) has rushed assays from phase II drilling at its Solar Lithium Project in Nevada.
It encountered potential lithium-bearing claystone in every drill hole.
Reno’s ALS Labs will oversee sample analysis.
The Solar Lithium Project directly borders American Lithium’s TLC Project, whose maiden resource estimate includes 5.37M tonnes lithium carbonate equivalent measured and indicated with another 1.76M tonnes inferred.
Cruz encountered the claystone formation in all phase I drill holes, including values as high as 1,300 ppm/Li.
“We are encouraged that every hole of the phase II drill program has encountered the targeted potential lithium-bearing claystone,” stated Jim Nelson, Cruz’s President. “Cruz has a large footprint and a similar size property to our neighbor, American Lithium, who has a current market capitalization of approximately C$650M. Lithium prices remain strong as the demand for electric vehicle batteries continues to grow at a rapid pace.”
“Cruz’s goal is to locate and provide a new, domestically sourced, battery grade lithium deposit,” he added, “and we look forward to the upcoming results.”
Cruz Battery Metals acquires and develops metals projects for the rechargeable battery and renewable energy sectors. It holds interests in the U.S. and Canada.
Cruz (CRUZ) is up by 9.3 per cent trading at $0.235 per share as of 9:36 am EST.
