Grid Battery Metals Corp. (GRID-TSX.V), has announced that the soil sample results from its recently acquired, Texas Springs project in Nevada have indicated an average Lithium grade of 201ppm.
GRID purchased the property back in March of this year for $180,000 with the intention of acquiring early stage Lithium and Cobalt projects in North America. It was initially thought that the property may host potential for Lithium exploration and when exploration was eventually conducted, it validated the prospect.
The soil sample taken until this point indicates an average Lithium grade of 201ppm throughout the property, which surprised analysts due to the elevated levels suggesting a more advanced stage of mineralization.
Warren Robb, President and CEO of GRID, commented on the findings “We’re very happy about the excellent results from the soil sample. This is a great indicator that the Texas Springs project has the potential to host significant Lithium mineralization and we are confident that further exploration will only yield more positive results.”
GRID now plans to conduct a more thorough exploration to confirm the initial results from the soil sample. The company has stated that they intend to invest in shovel-ready acreage to take advantage of the current Lithium surge in the market.
The results achieved thus far suggests that the Texas Springs project may become a top Lithium discovery for GRID in the near future. With the market for Lithium expected to rise over the coming years, GRID will be looking to become an established player in the Lithium sector.
Investors have been encouraged to keep a close eye on the GRID share price for the coming months to gauge the outcome of further exploration.
