| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Cruz Battery Metals Corp. |
| Project name: | Solar |
| Location: | United States |
| Commodities: | Lithium |
| Highlight: | Drilling results incl. 57.91m @ 1300ppm Li from 3.05m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia–(Newsfile Corp. – January 17, 2022) – Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) (“Cruz” or the “Company”) is pleased to announce it has received the assays for first phase of drilling on its 100 percent owned 6,215-acre ‘Solar Lithium Project’ that directly borders American Lithium Corp.’s TLC project (see map below). Multiple intercepts of the targeted potential lithium-bearing claystone formation were encountered in all the holes drilled in this initial phase of drilling. Values in Hole 1 were as high as 1,300 ppm/Li and encountered lithium bearing clays from 10 feet to 200 feet with a 60-foot intercept averaging 968.33 ppm/Li. Hole 2 had a high value of 1120 ppm/Li including a 60-foot interval averaging 768 ppm/Li. Hole 3 was stopped while still drilling the targeted claystone due to a blizzard that made drilling impossible. 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. |
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