Location: ~60 miles (~97 km) NE of Reno, Nevada, USA, the site of Tesla’s lithium-ion battery “Gigafactory”
Region: San Emidio Desert
Claims: 35 mineral claims (31 staked & being formally recorded)
Total Area: ~1,133 hectares (2,800 acres)
Interest: Option to earn undivided 80% interest (with 20% held by Lithium Corporation)
Geology:
- Reconnaissance sediment sampling in 2010 indicated this geothermally active valley and the associated playa could possibly be prospective for economic lithium-in-brine mineralization
- Lithium-in-brine anomaly is roughly 1.5 miles long by 0.5 miles wide and presently still open-ended
Exploration Plans:
- Recent exploration results are highly encouraging and warrant a detailed exploration drilling for a Clayton Valley type brine and clay deposit
Property History:
- Geothermal fluids adjoining the claims are known to contain anomalous lithium values
- Recently completed surface silt sampling program has confirmed lithium values in the area
- Lithium in brine and clay potential of the playa has yet to be specifically studied
Check out the NILIF corporate presentation for more property info.
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So why do I bring up this specific property? Simple. This exploration profile has several potential catalysts that I'll highlight below, but one piece of news maybe more important than the others.
No. 1 NILIF Potential Breakout Catalyst - Company Provides Lithium Exploration Plans Tuesday
Surge Battery Metals Announces its Lithium Exploration Plans in Nevada
VANCOUVER, BC / ACCESSWIRE / November 9, 2021 / Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV:NILI)(OTCQB:NILIF)(FRA:DJ5C) is pleased to announce the overall explorational rationale and proposed plans for the lithium exploration program to be conducted at its San Emidio Lithium project in Nevada.
[...]
San Emidio Project: Historic Li Soil Sample Readings by Nevada Energy Metals
Surge Battery Metals is currently planning an exploration effort to start about Q1 2022 of geophysical surveys and geochemical sampling to identify drill targets.
Mr. Greg Reimer, Surge President & CEO states, "After a review of the detailed work previously completed by a prolific lithium exploration company in the area, our geologists are proposing to expand the soil survey to the north, filling in the additional area of the new property boundary (see above map). That said, a 400-metre grid gravity has also been recommended by our geology team to get a better idea of the sub-surface topography. Following this work, a combination CSAMT / natural source AMT lines across the valley will be used to map the various conductors vs. resistors, and to identify the potential for brine filled gravel beds vs. less permeable ash layers. Based on these results, the team may consider additional seismic work in the area. This important work will ultimately help identify the future drill targets in the area."
Read the full article here.
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No. 2 NILIF Potential Breakout Catalyst - Multiple Bullish/Triggered Technicals
As of 1:00PM EST Tuesday, NILIF was displaying a multitude of bullish technical indicators.
Barchart reports these as triggered:
Short Term Indicators
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MACD Oscillator
Could even more become triggered after Tuesday morning's big news? All I'll say is NILIF has been trending green as of writing (1:00PM EST Tuesday).
Plus, after a recent pull back over the past 2 weeks, NILIF may have found strong support and could be in the throws of a bounce from around the $.20 level.
And with a move to $.34+ recently, there could be serious double-digit room to stretch its legs to its October high.
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No. 3 NILIF Potential Breakout Catalyst - Huge Nickel Properties Update
Surge Battery Metals Provides an Update on its Proposed Nickel Properties In British Columbia
VANCOUVER, BC, Oct. 20, 2021 /PRNewswire/ -- Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV: NILI) (OTCQB: NILIF) (FRA: DJ5C) is pleased to announce the confirmation of a significant new nickel discovery from the maiden drilling program at the Van Target at nearby FPX Nickel Corp. (TSXV: FPX) Baptiste Deposit in the Decar Nickel District as announced by FPX Nickel Corp. on October 19, 2021 [...].
As reported on July 8, 2021, Surge has entered into an option agreement with Nickel Rock Resources Inc. ("Nickel Rock") (TSXV: NICL) dated July 7, 2021 (the "Agreement"), whereby the Company may earn an undivided 80% interest in the Hard Nickel and Nickel 100 group of claims, located in Northern British Columbia (the "Transaction"). The Transaction is deemed to be a "related party" transaction and is subject to final TSX Venture Exchange ("Exchange") acceptance. These Nickel Group Claims are directly adjacent and nearby to the FPX Nickel Corp. (TSXV: FPX) Baptiste Nickel Deposit.
On September 3, 2021, the Company announced its proposed 2021 Nickel Exploration Work Program which consists of trenching, surface exploration, drone magnetic surveys, back pack drilling and exploration activities to support drilling and trenching such as soil sampling, rock sampling, prospecting, and geological mapping.
The Company estimates that this proposed work program will include CAD$125k in exploration expenditures spent over the fall and early winter of 2021, and is subject to successfully obtaining the aforementioned Exchange approval.
Mr. Greg Reimer, Surge President & CEO states: "The Company has decided to partner with Nickel Rock Resources on these properties because we believe that these mineral claims are of a high value to our shareholders. To joint venture these two mineral claims with a credible exploration partner in the region is extremely valuable and we can take advantage of not only Nickel Rock Resources current $600k flow-through exploration program, but also the work being done by nearby FPX Nickel Corp (TSXV: FPX) on the world-renown Baptiste Nickel Deposit. Currently, Surge has over CAD$4Mn in working capital, which is sufficient to fund this 2021 work program and our other exploration property commitments in both British Columbia and Nevada."
[...]
Read the full article here.
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No. 4 NILIF Potential Breakout Catalyst - A Recent Uplist To The OTCQB
Surge Battery Announces US Trading on the OTCQB
VANCOUVER, BC, Aug. 31, 2021 /PRNewswire/ -- Surge Battery Minerals Inc. (the "Company" or "Surge") (TSXV: NILI) (OTCQB: NILIF) (FRA: DJ5C) is pleased to announce that effective at the opening today, August 31, 2021, the Company's common shares will begin trading on the OTCQB Venture Market under the stock symbol "NILIF".
Greg Reimer, President & CEO commented: "Trading on the OTCQB Venture Market in the United States complements our Canadian listing on the TSX Venture Exchange under the trading symbol 'NILI' and broadens our investor base. The quotation on the OTCQB is anticipated to enhance liquidity by providing current and prospective in-vest-ors with an easily accessible and transparent trading platform where they go and obtain Real Time quotes and market information."
Read the full article here.
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4 Potential Breakout Catalysts - Key NILIF Details To Know
No. 1 - Company Provides Lithium Exploration Plans Tuesday
No. 2 - Multiple Bullish/Triggered Technicals
No. 3 - Huge Nickel Properties Update
No. 4 - A Recent Uplist To The OTCQB
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Coverage is officially initiated on NILIF. When you have a second, do this:
