American Marconi Wireless News - Grid Battery Announces the Completion of the First Phase of Its 2025 Fall Exploration Program for Its British Columbia Gold-Copper Property

Please refer to the Technical Report for Grid BC Copper-Gold Project, dated January 24, 2025 prepared by Jeremy Hanson, P.Geo. (filed on SEDAR+ and our website).

2025 Exploration Program

Mr. Tim Fernback, President & CEO comments "We're excited to have previously acquired approximately 275 km² of tenures in such a favourable mining region within British Columbia, Canada. This area of the Province has already generated several promising projects, and our land package is strategically situated to exploit the high gold-copper values of the region. NorthWest Copper Corp. (TSXV:NWST) on the nearby Kwanika project intercepted 400 metres of 1.01 % Copper equivalent (News Release: January 16, 2023 Northwest Copper Corp). Nearby the Mount Milligan open pit gold-copper mine operated by Centerra Gold (TSX:GX)(NYSE:CGAU) recently announced its pre-feasibility study that extended the life of its open pit ming by about 10 years. The area has proven itself to be a great place to look for both gold and copper. British Columbia is well known to be a safe and mining-friendly jurisdiction with reasonable government permitting processes and great mining infrastructure."

Mr. Fernback continues "We have recently concluded our initial exploration program on two of the five claim blocks recently acquired as part of our Fall Exploration Phase 1. Here a large assaying, trenching, sampling and geophysics program was strategically situated within the Jupiter and Starlight claim blocks. We expect to have these assay results by the end of the fall with next exploration steps identified on the various claim blocks shortly thereafter."

"The exploration program follows up on previous work conducted by others in 2023 and includes geochemistry across various untested magnetic features on Starlight and Jupiter claims. The areas on these two large claim blocks include detailed soil sampling, mapping and prospecting on eight targeted areas for both gold and copper initially identified by our geological team."

About the Gold-Copper Property

The Company acquired a 100% interest in 17 mineral claims comprising 27,525 hectares (approximately 275 km²) located in North Central British Columbia. The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services. Prominent among early discoveries in the Omineca region include the nearby Lustdust/Stardust Copper - Gold deposit; the Kwanika Copper - Gold depositandthe Lorraine Copper deposit (all of which are owned by (NorthWest Copper Corp. (TSXV:NWST).

The Company's claims are also located between Centerra Gold Inc.'s (TSX:CG)(NYSE:CGAU) prominent Copper/Gold assets, the Kemess North project and the operating Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper (Technical Report on the Mount Milligan Mine, November 7, 2022, Borntrager. B, et al.).

B.C. Minfile assessment report data indicates that most of the area covered by the Copper Property was at one time or another covered by staking during surges of exploration in B.C. dating from the 1940's to present day. Largely the claims appear to have been minimally explored with little follow-up. However, some work was recorded on several claims with results for stream sediment sampling showing anomalous to highly anomalous results for gold in a few areas. These areas were recommended for detailed follow-up, however due to a downturn no further work was recorded

The Omineca Group claim areas are within the northern Quesnel Trough underlain by Cache Creek Terrane and lies close to the Pinchi Fault. The Quesnel Trough hosts numerous porphyry copper-gold deposits. The Pinchi Fault can be traced for 600 km through north-central B.C and separates Cache Creek rocks from the Jurassic Hogem Batholith and Triassic-Jurassic Takla rocks to the west. Rocks have a north-northwest strike trend typical of the entire Intermontane Belt in which the Cache Creek Terrane lies (Gabrielse and Yorath, 1992). A wide range of Jurassic to Tertiary intrusions cuts the Cache Creek Assemblage and many of these are emplaced along the prominent NW-trending structures and stratigraphic breaks. Numerous mercury occurrences are present along the length of the Pinchi fault (Albino, 1987) and a few gold and base metal occurrences are present near the Pinchi fault including the Lustdust, Lorraine, Indata and Axelgold properties. There are at least two alkalic gold-copper Porphyry systems in the immediate Lustdust (now known as Stardust) area: J49 and Axel Properties (Schiarrizza, 2000).

In other news, the Company has announced that it has formally dropped the Volt Canyon Lithium property from its Nevada lithium exploration portfolio.The Company had a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada, but accessing the property proved difficult and initial sampling results were considered average and not exceptional by our geological team.

Qualified Person

Jeremy Hanson, P.Geo., an independent qualified person as defined under National Instrument 43-101 has reviewed and approved the technical content in this news release.

About Grid Battery Metals Inc. www.gridbatterymetals.com

Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market.

About Texas Springs Property

The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.

The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) and comprised of 725 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023). Our exploration results are on-trend with these results.

About Clayton Valley Lithium Project

The Company owns a 100% interest in 113 lithium lode and placer claims covering over 930 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.

On Behalf of the Board of Directors

"Tim Fernback"

Tim Fernback, President & CEO

Contact Information:
Email: [email protected]
Phone: 604- 428-5690

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 release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).

SOURCE: Grid Battery Metals Inc.

View the original press release on ACCESS Newswire

P.M.Smith--AMWN