RETRANSMISSION: CAT Strategic Files 32 Lode Claims at Jackpot Lithium; Additional Sampling and Results Received for Stag's Leap Northern Elko County, Nevada - Seite 2

The Idavada Volcanics (Tts) tuffites-ignimbrites-sediments overlie the Jarbidge Rhyolite and Humboldt Formation sequences on the north side of the Opal Springs Fault. Previous geologic mapping by Coats shows the Opal Springs fault going through the area of CAT's new northern claims. CAT is investigating if it was a feeder fault for lithium mineralizing hydrothermal fluids.

Figure 1 below shows CATs original claim block in blue and its 41 new claims in red. It also shows CAT's claims in relation to the approximate claim locations of Gli, Surge and Peloton Minerals Corporation, the Company's neighbours in what is considered to be a new and emerging lithium discovery area.

Foto: Accesswire

Figure 1. New CAT Claim Boundaries, Gold Jackpot Area

GOLD JACKPOT PORPHYRY-DIATREME EXPLORATION PROGRAM

CAT received additional regular- and screen-fire bulk sample assays from samples taken from the Stag's Leap porphyry ("PCD") and diatreme exploration target on its Gold Jackpot claims. These surface samples contained local elevated gold, copper, tellurium, and lead to in excess of 0.4% Pb. The geochemically-anomalous areas are shown in Figures 2, 3, 4, and 5 for the outline of this previously-identified (in 2009) zone of widespread surface mineralization. North is up on these figures, and the grid boxes are 500 by 500 meters each.

It is interpreted that the high Pb and Zn values are indicative of a Pb-Zn halo above a PCD/Diatreme intrusive-related body containing Cu-Au-Ag-Te mineralization. Sericitized, pyritic quartz-feldspar porphyry dikes are present immediately to the south of this highly mineralized area. The widespread high copper and gold values over a wide area atop this target could mean that a body of PCD/Diatreme mineralization could be present at a shallower depth than previously thought. An IP survey atop this target by Zonge Geosciences for CAT showed an anomalous zone of electrical conductivity at an undetermined depth. This promising target has never yet been tested at depth by drilling.

Foto: Accesswire

Figure 2. Copper rock chip geochemistry, Stag's Leap Target, Gold Jackpot Area

Foto: Accesswire

Figure 3. Gold rock chip geochemistry, Stag's Leap Target, Gold Jackpot Area

Foto: Accesswire

Figure 4. Lead rock chip geochemistry, Stag's Leap Target, Gold Jackpot Area

Foto: Accesswire

Figure 5. Tellurium rock chip geochemistry, Stag's Leap Target, Gold Jackpot Area

Mr. Richard R. Redfern, M.S., C.P.G. No. 10717, is the qualified person as defined by National Instrument 43-101 who has examined the property on the ground, and wrote a Master's thesis on the Opal Springs area to the east and northeast of Surge Battery Metals' lithium discovery, reviewed the geological information available from public sources related to the property, and is responsible for approving the technical contents of this press release.