Cruz Battery Metals Corp. has announced that it has now commenced its phase II drill campaign on the recently expanded, 100-percent owned ‘Solar Lithium Project’ in Nevada, encompassing 8,135 total contiguous acres. The ‘Solar Lithium Project’ directly borders American Lithium Corp.’s TLC project.
Multiple intercepts of the targeted potential lithium-bearing claystone formation were encountered in all the holes drilled during the first phase of drilling on the ‘Solar Lithium Project’, including values as high as 1,300 ppm/Li (announced on January 17, 2022). Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.
“With lithium prices at all-time highs, we are excited to begin an aggressive follow-up, phase II drill program on the recently expanded Solar Lithium Project in Nevada,” stated Jim Nelson, President of Cruz Battery Metals. “Following our phase I drill program, we now know there is lithium present on this property. This project directly borders American Lithium Corp.’s TLC project, who have a current market capitalization of over half a billion dollars. Cruz’s Solar Lithium property is one of the largest in the region, and we have drilled less than 10 percent of this significant land package. Our goal is to locate and provide a new, domestically sourced, battery grade lithium deposit.”