toastturtle
1 year ago
$BKTPF Cruz Intersects Targeted Potential Lithium Bearing Clays in Every Hole of Phase-3 Drill Program on the Solar Lithium Project in Nevada, Directly Bordering American Lithium Corp.
Frank Bain, the on-site PGeo and a director of Cruz Battery Metals, stated, "The four completed core drill holes all intersected potential lithium bearing clays with one hole intersecting more than 500 feet of green and black clays, shales and siltstone of the Siebert Formation. The Siebert Formation is the same host rock for the lithium mineralization found on the Solar Lithium Project and on American Lithium Corp.'s TLC discovery that is adjacent to Cruz Battery Metals."
The 'Solar Lithium Project' directly borders American Lithium Corp.'s TLC project. On December 1, 2022, American Lithium Corp. announced an updated resource estimate, prepared by Stantec Consulting Ltd., for the TLC lithium claystone property containing 8.83 million tonnes lithium carbonate equivalent (LCE) measured & indicated with another 1.86 million tonnes LCE inferred. Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.
https://www.stockwatch.com/News/Item/Z-C!CRUZ-3369919/C/CRUZ
MasterBlastr
3 years ago
March 23, 2021 – Cruz Cobalt Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) (“Cruz” or the “Company”) wishes to report on recent activities in Clayton Valley, Nevada. On March 18, 2021, Schlumberger New Energy Venture (SLB—NYSE) “announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith
Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. This innovative process can create new market opportunities for lithium extraction and battery manufacturing economy
and maximize the value of the lithium-rich resource base in Nevada with cutting-edge extraction technology.
The pilot plant’s deployment is part of the Pure Energy Minerals agreement with Schlumberger New Energy for the development of its Nevada lithium brine property, using advanced technology to process the brine and extract high purity lithium, maximizing the lithium resource recovery. Commissioning of the pilot plant will begin following receipt
of all necessary permits. NeoLith Energy intends to begin operations before the end of 2021.” Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.
James Nelson, President of Cruz states, “Cruz is in a unique position to potentially capitalize on both our lithium and cobalt assets, at a time when the demand for battery metals is extraordinarily strong with zero signs of weakening. The recent news from energy behemoth Schlumberger about moving forward with this pilot plant for lithium is one of
the most significant developments to date in Clayton Valley, Nevada. Cruz maintains a footprint in the Clayton Valley and is one of the few companies to have property in the deepest section of the brine deposit (see map) that Pure Energy and Schlumberger have an agreement on. The Clayton Valley of Nevada is the preeminent lithium address in North America and Cruz has one of the most strategically located properties in the deepest section of the only brine producing basin in North America. Cruz is very encouraged by the renewed focus on lithium in Nevada and the fact that lithium prices have increased by over 100% since December 2020 , as well as the fact that cobalt prices are currently at 3-year highs. On the cobalt front, Cruz continues to formulate work plans for our large land package in the historic silver-cobalt producing region of Cobalt, Ontario. Cruz is well funded with approximately $1.5 million in
the treasury, including flow-through funds, which enables the Company to start operations shortly. Management is confident that 2021 will continue to be a transformative year for Cruz.”
About Cruz Cobalt
Cruz currently has twelve projects located throughout North America, comprising five in Ontario, four in British Columbia, two in Idaho, and one in Nevada. Cruz’s five separate Ontario projects are all located in the vicinity of the town of Cobalt, making Cruz one of the largest landholders in this historic silver-cobalt producing district. Cruz’s
Ontario projects, which are prospective for Cobalt, diamonds and silver include the 1,525-acre Coleman cobalt project, the 988-acre Johnson cobalt project, the 6,146-acre Hector cobalt project, the 1,458-acre Bucke cobalt project and the 1,453-acre Lorraine cobalt project. The company’s BC projects include the 1,542-acre War Eagle cobalt project, the 2,552-acre Larry diamond project, the 5,572-acre Jax diamond project, and the 1,529-acre Mark diamond project. Cruz’s USA projects include the 2,211-acre ‘Idaho Cobalt Belt Project’, the and the 80-acre ‘Idaho Star Cobalt Prospect’, and the 240-acre ‘Clayton Valley Lithium Prospect’ in Nevada. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.
If you would like to be added to Cruz's news distribution list, please send your email address to info@cruzcobaltcorp.com
Cruz Cobalt Corp.
“James Nelson”
James Nelson
President, Chief Executive Officer, Secretary and Director
For more information regarding this news release, please contact:
James Nelson, CEO and Director
T: 604-899-9150
Toll free: 1-855-599-9150
E: info@cruzcobaltcorp.com
W: www.cruzcobaltcorp.com
Twitter: @CruzCobalt
apppro1
5 years ago
Cruz Cobalt Corp. Announces Final Approval of CSE Listing and Delisting from TSXV
Thu Jul 25 16:11:36 2019 EDT
Vancouver, British Columbia --( Newsfile Corp. - July 25, 2019 ) - Cruz Cobalt Corp. (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) ("Cruz" or the "Company") is pleased to announce that it has received final approval to list its common shares on the Canadian Securities Exchange (the "CSE"), and anticipates to voluntarily delist its common shares from the TSX Venture Exchange (the "TSXV"). To ensure continued trading of the Company's common shares, the Company intends to seamlessly arrange for the simultaneous delisting of its common shares from the TSXV at the end of the trading day on August 2, 2019 and subsequent commencement of trading on the CSE at the open of the trading day on August 6, 2019 under the new symbol "CRUZ".
For further information regarding Cruz, see the Company's profile on SEDAR at www.sedar.com.
Contact Information Tel: 1-604-899-9150 Toll free 1.855.599.9150 Fax: 1-604-689-1733
" James Nelson " President, Secretary, & Director Cruz Cobalt Corp.
www.cruzcobaltcorp.com twitter @CruzCobalt
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including the statements that: (i) the delisting of its common shares from the TSXV; and (ii) the expected listing on its common shares on the CSE. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46534
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