(Nevada North Lithium Project- Lithium anomaly map from surface sampling)
Surge Battery Metals’ nickel project in British Columbia includes six mineral claims in the Mount Sidney Williams area of north central BC. Claim HN4 covers 1863 hectares immediately south of and adjacent to the Decar Project of FPX Minerals Inc and the nearby N100 claim group which covers 8659 hectares, located not far to the northeast.
The Company has entered into an Option Agreement with Nickel Rock Resources to acquire an 80% interest in these mineral claims of which HN 4 covers 1863 hectares immediately south of and adjacent to the Decar Nickel Project of FPX Minerals Inc and the Nickel 100 Group covers 8659 hectares, located some distance to the northeast. Three of the claims are subject to 2% NSR, including the Hard Nickel 4 claim and the two southernmost claims of the Nickel 100 claims.
Phase One surveys have confirmed the widespread nature of nickel mineralization on the properties and Phase Two follow-up is expected to be completed in the fall of 2022.These exploration stage projects are in the Trembleur Lake area of central British Columbia, partially adjacent to FPX Nickel Corp.’s Decar Nickel Project, which is an advanced project targeting awaruite, a nickel-iron alloy mineral, hosted by serpentinized ultramafic intrusive rocks of the Trembleur Ultramafic Unit.
The Surge properties are partially underlain by rocks like those hosting the Decar project of FPX Nickel Inc where mineralization includes nickel, cobalt, and chromium. Previous exploration suggests that at least some of the nickel mineralization occurs as awaruite which is a naturally occurring nickel-iron alloy important in the manufacture of environmentally efficient batteries for the electric vehicle markets globally. The mineral awaruite is both highly magnetic and very dense and is therefore amenable to concentration by mechanical processes including magnetic and gravity separation. This style of deposit is unique and presents considerable metallurgical and processing cost saving advantages.
A September 7, 2022, FPX News Release stated: FPX Nickel Scoping Study Outlines Development of World’s Largest Integrated Nickel Sulphate Operation for EV Battery Supply Chain at Baptiste Project in British Columbia.
Mining and exploration can be an extremely difficult, cost-intensive, and unpredictable business.
New mines can cost a fortune to discover and develop. They can take years and require support & help from host governments. And even after all that investment, fluctuations in metal prices can still wreak havoc on operations.
With these two projects, and the hundreds of claims contained within, Surge Battery Metals has a nearly unrivaled level of flexibility and freedom when it comes to both exploration and subsequent mining.
Depending on prevailing market conditions and early exploration results, the company could prioritize individual sites, then use the windfall to fund further development in other metals.
This level of freedom would also allow the company to potentially spin off successful mining projects for acquisition, in turn funding future development and mining.
All of this is in stark contrast to the state of many micro-cap mining & exploration companies, which are often just connected to a single property or jurisdiction that may (or may not) ever pay out.
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NILIF Recap - 6 Key Factors Could Help Surge Become The Market’s “Best-In-Class” Battery Metal Explorer
Here's what to know:
#1. The Inflation Reduction Act focuses on Battery Metal Exploration in North America to reduce U.S. dependence on foreign sources.(4)
#2. The demand for battery metals is expected to soar.(5)
#3. Surge Battery Metal’s well-positioned and impressive exploration portfolio has two promising projects across two of the world’s friendliest mining jurisdictions.(6)
#4. Surge Battery Metals has begun drilling on its Nevada North Lithium property, which has already yielded significant soil sample results with lithium values of up to 5,120 ppm (0.51%).(7)
#5. The Company’s nickel exploration project’s most recent soil samples returned results of up to 2,361ppm (0.26%).(8)
#6. The Company is well-capitalized, fully-funded for 2022 exploration with $2.2Mn in working capital.(9)
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