Vancouver, British Columbia--(Newsfile Corp. - September 29, 2023) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") wishes to announce that the Company is currently formulating a phase-5 drill program to begin shortly on the 100-percent owned, 8,135-acre Solar Lithium Project in Nevada, directly bordering American Lithium Corp.'s TLC project (See map below). To date, the Company has discovered lithium in all 14 completed drill holes throughout the first 4 phases of drilling.
Frank Bain, the on-site Project Geologist, Qualified Person and a director of Cruz Battery Metals, stated: "The phase-4 drill program confirmed that the mineralization is open in all directions. The Phase-5 drill holes have been permitted and will test for lithium mineralization both North, West and South of the Phase-4 drill sites. Drilling is expected to recommence shortly."
The 'Solar Lithium Project' directly borders American Lithium Corp.'s TLC project. On January 17, 2023, American Lithium Corp. announced a resource estimate, in an independent National Instrument 43-101 titled "Technical Report TLC Property" prepared by Stantec Consulting Ltd., for the TLC lithium claystone property containing 8.83 million tonnes lithium carbonate equivalent (LCE) measured & indicated with another 1.86 million tonnes LCE inferred. 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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https://www.newsfilecorp.com/release/182309/Cruz-Phase5-Drill-Program-Expected-to-Begin-Shortly-on-the-Solar-Lithium-Project-in-Nevada-Directly-Bordering-American-Lithium-Corp. |