Vancouver, British Columbia--(Newsfile Corp. - October 29, 2021) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") is pleased to announce that it has secured the drill permit from the Bureau of Land Management (BLM) for the Solar Lithium Project in Nevada. Cruz's 'Solar Lithium Project' directly borders American Lithium Corp.'s TLC project (see map below). According to the Stantec report dated April 15, 2020, the Tonopah Lithium Claims (TLC Project) currently contains 5.37 Mt (million tonnes) Lithium Carbonate Equivalent (LCE) measured and indicated with another 1.76 Mt LCE inferred. Results from Cruz's recent sampling program on the 'Solar Lithium Project' included values as high as 1,610 parts per million ("ppm") lithium ("Li"). Cruz plans to be drilling this project shortly using the information provided by the recent sampling program, designed to test the high-grade target areas. Lithium prices have exploded to all-time highs and investor interest in Nevada lithium stocks continues to be robust. 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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Jim Nelson, President of Cruz states, "We are very pleased to have received this drill permit. We expect the drilling to commence shortly and with drillers being extremely difficult to secure, there will be a significant investor focus on Cruz, as we commence this drill program. Cruz uncovered substantial surface sample numbers as high as 1,610 ppm Li on this property. Considering we will be drilling right near the border to American Lithium Corp's TLC project whose market cap has soared to over 600 million, Cruz's management is very optimistic about what the drill results will indicate. The next few weeks will be very exciting and transformative for Cruz Battery Metals."
The technical contents of this release were approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101.
About Cruz Battery Metals Corp.
Cruz currently has several projects located throughout North America, comprising five in Ontario, four in British Columbia, two in Idaho, and two in Nevada. Cruz's Nevada lithium projects consists of the ~5,330-acre 'Solar Lithium Project' and the 240-acre 'Clayton Valley Lithium Project'. Cruz's five separate Ontario projects are all located in the vicinity of the town of Cobalt, making Cruz one of the largest landholders in this historic silver-cobalt producing district. Cruz's Ontario projects, which are prospective for cobalt, silver and diamonds include the 1,525-acre Coleman cobalt project, the 988-acre Johnson cobalt project, the 6,146-acre Hector cobalt project, the 1,458-acre Bucke cobalt project and the 1,453-acre Lorraine cobalt project. Cruz's BC projects include the 1,542-acre War Eagle cobalt project, the 687-acre Larry diamond project, the 2,120-acre Jax diamond project, and the 691-acre Mark diamond project. Cruz's Idaho projects include the 2,211-acre 'Idaho Cobalt Belt Project' and the 80-acre 'Idaho Star Cobalt Project'. 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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Cruz Battery Metals Corp.
President, Chief Executive Officer, Secretary and Director
For more information regarding this news release, please contact:
James Nelson, CEO and Director
Toll free: 1-855-599-9150
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