One of the companies to have come on to the news cycle yesterday was Surge Battery Metals Inc (OTCMKTS:NILIF) following a major new development.
Trading Data
On Wednesday, NILIF stock lost 4.09% to $0.2180 with more than 100.31K shares, compared to volume of 436.77K shares. The stock moved within a range of $0.2000 – 0.2310 after opening trade at $0.2000.
Surge Battery Metals Reports Favorable Claystone Intercepts of 114.4 Meters in Hole NN2007 and 73.15 Meters in Hole NN2008 With Assay Results Pending
The company announced the geological information from the logging of drill holes NN2008 and NN2207 from the drilling activities which had been conducted at the Nevada North Lithium Project located in Elko County in Nevada. That being said, Surge Battery also announced that it was currently waiting for the final assays from the drilling operation as well. As it happens, earlier on in the month the company had sent out a press release with regards to the assay results another drill hole at the same property.
At the time, Surge Metals had revealed that there were considerable lithium values in the layered zones made up of blue-grey clay and claystone.
The company also noted yesterday that the soil geochemistry at the two new drill holes revealed that there was potential for lithium values and it goes without saying that it was a positive announcement. It is now going to be interesting to see if the stock manages to come into focus among investors over the course of the coming days or not.
