Grid Battery Exploration Team Reports its MT Geophysics Survey Results on the Clayton Valley Lithium Project

COQUITLAM, BC / ACCESSWIRE / May 2, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased announce the results of the initial exploration program, a Magnetotelluric (MT) geophysics survey performed by the KLM Geoscience ("KLM"). The geophysics survey was overseen by Grid's Qualified Professional, Mr. Steven McMillin P.G.

MT survey profiles

Foto: Accesswire

The MT survey is a preferred method for identifying strata that may contain lithium brine evidenced by low resistivity (high conductivity) signatures, structures that potentially focus brine, and basin floor geometry.

Mr. Steven McMillin P.G. comments "The MT survey was completed over eleven profiles. The results were plotted in horizontal slices at 250m, 500m and 750m with bedrock depths that range from 216 to 406 m within the Grid claims. A major northeast fault interpreted from gravity bisects the claim block and is best apparent in the 500m slice even though the slice is below the basin floor. This suggests that the fault may be a fluid conduit at depth The fault is less apparent in the strong near-surface anomaly in the 250m slice that may reflect a spread of fluids within the basin sediments away from the fault. The 750m depth slice is likely below the basin floor and conductivity is mostly focused near the basin bounding faults".

Mr. Steven McMillin continues "We plan to complete an infill sample program on the southern half of the property claims on 125 m centers. Results will be incorporated with available surface geology, previous drilling, and previous geophysics into a 3D Leapfrog model. This model will provide a good framework to assist locating future exploration and drilling."

MT Geophysical Survey Results

Foto: Accesswire

Grid's Clayton Valley Lithium Project

Foto: Accesswire

Tim Fernback, Grid President & CEO comments "Clayton Valley Nevada is home to North America's only lithium brine producer (Albemarle Corporation's Silver Peak Mine) and our property is immediately to the west of their lithium property and production facility. Recently, Century Lithium (our nearby neighbour to the east of Albermarle) has just released their Positive Feasibility Study (April 29, 2024) with Measured and Indicated resources totaling 1,207.33 million tonnes (Mt) at an average grade of 957 parts per million (ppm) lithium (Li) containing 1.155 Mt of Li or 6.148 Mt of lithium carbonate equivalent (LCE), a 40 year mine life and an after-tax NPV₈ of $3.01 billion. With the MT survey that has just been completed, together with the results of the planned detailed soil sampling program in the southern area of our Clayton Valley claim block, these results will allow us to determine next steps for our exploration programs later in the year."