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    CRUZ   CA22888A1084


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Cruz Battery Metals : Drills Broad Zone of Anomalous Silver-Copper Mineralization at the Hector Cobalt-Silver Property in Cobalt, Ontario

09/14/2021 | 11:09am EDT

Vancouver - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) ('Cruz' or the 'Company') would like to report that during July 2021, the Company completed a three-hole, 837 metre diamond drill campaign at the Hector Silver-Cobalt Property.

The 2021 drilling targeted the prospective lower contact of Nipissing diabase sills and Archean volcanic basement rocks at depth.

Drill holes 21HC01 (020az/-60o) and 21HC02 (070az/-60o) drilled from the same collar intersected the base of the Nipissing diabase at 248 and 231 metres downhole respectively. Hole 21HC01 cut a broad zone of anomalous silver-copper mineralized mafic volcanic rocks returning assays of 0.87 g/t Ag (grams-per-tonne silver) and 0.01% Cu (copper) over 32.3 metres from a depth of 279.7 metres; including a higher-grade interval of 1.06 g/t Ag over 19.5 metres from a depth of 286.5 metres yielding individual assays of up to 3.2 g/t Ag. The silver-copper zone within 21HC021 is characterized by the presence of moderate chlorite alteration and silica flooding accompanied by fine grained disseminated chalcopyrite-pyrite mineralization.

In addition to the volcanic hosted silver-copper zone, several cobalt-copper intervals occur within drill holes 21HC01 and 21HC02 that are comparable to values returned during Cruz's initial 2018 drill campaign including: 0.03% Co (cobalt) and 0.088% Cu over 1 metre at a depth of 143 metres; 0.01% Co and 0.12% Cu over 1 metre at 74 metres downhole within 21HC02 and 0.012% Co and 0.07% copper over 1 metre at 153.5 metres downhole within 21HC01.

The true width of mineralization is estimated to be 80-90% of the drilled interval.

Drill hole 21HC03 (0250az/-50o) targeting a north-northwest striking fault structure that juxtaposes Nipissing diabase and Archean basement rocks to the north, remained in diabase to an end-of-hole at a depth of 249 metres. Textural variation within Nipissing diabase, and variation in the observed mineralization and magnetic susceptibility confirm the presence of a west-dipping, multi-phase sill complex.

About Cruz Battery Metals Corp.

Cruz currently has several projects located throughout North America, comprising five in Ontario, four in British Columbia, two in Idaho, and two in Nevada. Cruz's Nevada lithium projects consists of the 3,202-acre 'Solar Lithium Project' and the 240-acre 'Clayton Valley Lithium Project'. 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, silver and diamonds 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. Cruz's BC projects include the 1,542-acre War Eagle cobalt project, the 687-acre Larry diamond project, the 2,120-acre Jax diamond project, and the 691-acre Mark diamond project. Cruz's Idaho projects include the 2,211-acre 'Idaho Cobalt Belt Project' and the 80-acre 'Idaho Star Cobalt Project'. 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

Tel: 604-899-9150

Email: info@cruzbatterymetals.com

Web: www.cruzbatterymetals.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2020 - - -
Net income 2020 -0,71 M -0,56 M -0,56 M
Net cash 2020 1,67 M 1,31 M 1,31 M
P/E ratio 2020 -5,50x
Yield 2020 -
Capitalization 12,3 M 9,64 M 9,63 M
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Managers and Directors
James Nelson President, CEO, Secretary & Director
Cindy Cai Chief Financial Officer
Gregory J. Thomson Independent Director
Seth Kay Independent Director