Nevada Sunrise Gold Acquires Neptune Lithium Property in Nevada

Nevada Sunrise Gold Corporation (TSXV:NEV) announced that has entered into a definitive agreement for an option to purchase the Neptune property located in the Clayton Valley, Esmeralda county, Nevada, United States.
As quoted in the press release:

For an option to purchase a 100% interest in Neptune, Nevada Sunrise has agreed to issue to the vendors up to 1,000,000 common shares of the Company, with 200,000 common shares to be issued upon execution of the Agreement and TSX Venture Exchange (“TSXV”) acceptance of the Agreement, and further share issuances on subsequent anniversaries of the effective date of the Agreement, as follows:1st Anniversary: 300,000 common shares 2nd Anniversary 500,000 common shares
Neptune consists of a block of 39 unpatented association placer claims totalling approximately 3,120 acres (1,263 hectares). A 1.5 mile (2.25 kilometre) area of interest applies to the Property.
Neptune is subject to a 3.0% gross overriding royalty (“GOR”). On the 3rd anniversary of the signing of a definitive agreement, Nevada Sunrise would have the right to purchase 1.0% of the GOR for US$1,000,000.
Nevada Sunrise believes Neptune has the potential to host lithium-bearing brines in subterranean aquifers beneath the Clayton Valley floor. Historical exploration reports obtained by Nevada Sunrise indicate that geologic formations and structures exist at Neptune that are similar to lithium-bearing brine deposit models present elsewhere in the Clayton Valley. Drilling up to 3 vertical holes between 400 to 500 metres deep into the interpreted basin and analyzing any groundwater encountered is considered to be the next step for exploration at Neptune.

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