Staking Of A New Lithium Property In Teels Marsh

VANCOUVER - Surge Battery Metals Inc. has recently staked a 663 ha. (1,640 acres) property in the Teels Marsh Playa, Mineral County, Nevada.  The property is located in an active region for both lithium exploration and production. The Teels Marsh Lithium project on the southwestern edge of the playa.  To date, limited exploration has been conducted on the property including a gravity survey and various lithium brine and sediment samples.  Playa sediment samples from the property have shown lithium values to 104.5 ppm Li and nearby hot springs sediments have been found to carry up to 500 ppm Li values during sampling.

The property covers two sub-basins and a connecting buried paleo-channel defined in a detailed gravity survey conducted in 2020.  These features may contain trapped lithium rich brines or volcanic ash aquifers. The Company plans to conduct additional exploration this spring designed to identify sites for drill tests and plans to review all previous exploration results on the Teels Marsh West Project, including other potential sites in the vicinity. This will be accomplished in early 2022, in order to guide a Spring/Summer 2022 exploration program aimed at locating lithium bearing montmorillonite clay deposits and lithium rich brines within the basins.

Shallow auger holes and drill-holes (<60 m) show that unconsolidated basin fill deposits include clays, clastic rocks silts and sands), evaporate deposits, and volcanic ash. With the exception of clays, these rocks represent potential sources of permeability. Volcanic ash beds could host significant zones of permeability, due to the relative proximity of Teels Marsh to young volcanic centers at Mono Craters (near Mono Lake) and Long Valley, California, both located approximately 70 km to the southwest. These ash layers have proven to be the most productive brine sources in Clayton Valley (an active geothermal area).

Direct evidence of an active geothermal system in the Teels Marsh area has recently been gathered by researchers at the Nevada Bureau of Mines and Geology, University of Nevada, Reno and the Desert Research Institute. This evidence comes from mapping anomalously high temperatures at a depth of only 2 meters below the basin surface: these temperatures are as high at 35C compared to background temperatures of approximately 16-18C. The temperature anomalies occur in two separate zones, both of which are adjacent to a Quaternary fault on the western margin of Teels Marsh basin. The two temperature anomalies have a combined strike length parallel to the fault of almost 4 km. A USGS geochemical survey conducted in 1976 reported lithium values as high as 850 ppm from samples taken from springs marginal to these fault structures.