Nevada Sunrise Gold Enters Option Agreement for Lithium Claims in Nevada

- September 2nd, 2015

Nevada Sunrise Gold Corporation (TSXV:NEV) announced that it has entered into a letter agreement for an option to purchase lithium claims in Nevada called the Neptune property (formerly the Clayton Deep property), located in the Clayton Valley, Esmeralda County, Nevada, USA.

Nevada Sunrise Gold Corporation (TSXV:NEV) announced that it has entered into a letter agreement for an option to purchase lithium claims in Nevada called the Neptune property (formerly the Clayton Deep property), located in the Clayton Valley, Esmeralda County, Nevada, USA.
As quoted in the press release:

Neptune (formerly known as the Clayton Deep property) is located approximately 37 miles (55 kilometres) southwest of Tonopah, Nevada in an active area of lithium exploration and mining. The Silver Peak lithium mine, now owned by Albemarle Corporation, has extracted lithium minerals from brines continuously since 1966, approximately 10 miles (15 kilometres) to the north of the Property. Pure Energy Minerals Ltd. (“Pure Energy”, TSXV: PE), a Canadian-based exploration company, has recently published a technical report on an inferred lithium resource for its Clayton Valley South project located near the Silver Peak mine. Nevada Sunrise believes Neptune has the potential to host lithium-bearing brines in subterranean aquifers beneath the Clayton Valley floor.
For an option to earn up to a 100% interest in Neptune, Nevada Sunrise has agreed to pay the following consideration to the vendors upon signing a definitive agreement (the “Agreement”) and on subsequent anniversaries of the Agreement:
On signing the Agreement: 200,000 common shares
1st Anniversary: 300,000 common shares
2nd Anniversary: 500,000 common shares

Nevada Sunrise Gold CEO, Warren Stanyer, said:

“Tesla Motors Inc.’s plan to manufacture lithium ion batteries at its Gigafactory in Reno has brought a great deal of attention to the potential for lithium sources in Nevada. With growing world demand for lithium, we believe lithium brine assets can provide a strong complement to our Nevada gold exploration activities, and look forward to advancing Neptune.”

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