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Surge Battery Metals Inc
Symbol NILI
Shares Issued 117,049,272
Close 2023-05-15 C$ 0.295
Market Cap C$ 34,529,535
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Surge Battery hires McGinley for hydrologic services

2023-05-16 13:01 ET - News Release

Mr. Greg Reimer reports

SURGE BATTERY METALS ENGAGES MCGINLEY & ASSOCIATES INC. FOR HYDROLOGICAL STUDIES AT THE NEVADA NORTH LITHIUM PROJECT

Surge Battery Metals Inc. has retained McGinley & Associates Inc. to provide hydrologic services to Surge Battery Metals for the Nevada North lithium project (NNLP).

The NNLP is a lithium-bearing claystone deposit located near Texas Spring, in the Thousand Springs Valley hydrographic basin, north of the community of Wells in Elko county, Nevada. The project is in the exploration phase, with planning and permitting activities continuing for the next phase of exploration drilling, followed by the development of an exploration plan of operation and other permitting. McGinley has been retained to perform the scope of work as described below:

  • Hydrologic support during exploration drilling, to co-ordinate geologic and exploration teams to facilitate data collection, such as static groundwater levels, preliminary groundwater quality sampling and preliminary transmissivity testing.
  • Initial hydrologic evaluation to identify and characterize water sources such as springs, streams, lakes and wells within a five-mile radius of the NNLP.
  • A preliminary water supply analysis which will assist with hydrogeologic review of a water supply plan.
  • Quarterly baseline monitoring workplan based on the initial hydrologic baseline evaluation.

McGinley has extensive experience executing hydrologic studies for permitting of mining projects in Nevada. McGinley's team of in-house hydrogeologists has the knowledge experience, expertise and availability to execute the hydrologic scope of work effectively and efficiently.

Greg Reimer, chief executive officer and director, commented: "We are pleased to announce this important contract at a point early on in our exploration season and just ahead of the second round of drilling. Our project is a significant new lithium discovery with a remarkably high average for lithium content obtained in the first round of drilling. We continue to move this project forward and this appointment is another positive step."

Qualified person as defined under National Instrument 43-101

Alan J. Morris, MSc, CPG, of Spring Creek, Nev., a qualified person as defined under Nation Instrument 43-101, has reviewed and approved the technical aspects of this news release.

About Surge Battery Metals Inc.

The company is a Canadian-based mineral exploration company active in the exploration for lithium in Nevada and for nickel in British Columbia. The company maintains a focus on exploration for high-value battery metals required for the electric vehicle (EV) market.

About the Nevada North lithium project

The company owns a 100-per-cent interest, without any royalties, in the Nevada North lithium project, consisting of 243 mineral claims located in the Granite range southeast of Jackpot, about 73 kilometres north-northeast of Wells, Elko county, Nevada. The first round of drilling, completed in October, 2022, identified a strongly mineralized zone of lithium-bearing clays occupying a strike length of almost 1,620 metres from drill hole NN2205 in the north to drill hole NN2208 in the south. Widths of the mineralized horizons are not well determined since the holes are mostly on a north-south alignment, however, widths are at least 400 metres, supported by highly anomalous soil values, indicating potential for the clay horizons to be much greater in extent. The potential for a significant lithium deposit can be illustrated by the results of drill hole NN2207, which intersected the thickest intervals of lithium-rich claystone encountered to date: a total of 120.4 metres (395 feet) averaging 3,943 parts per million (ppm) lithium in four zones. Additionally, drill hole NN2208 had the strongest downhole individual sample of 5,950 ppm lithium between 45 feet and 50 feet (13.72 metres and 15.24 metres). The average lithium content within all near-surface clay zones intersected in 2022 drilling, applying a 1,000 ppm cut-off, was 3,254 ppm (see the March 29, 2023, press release).

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