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Nevada Sunrise Gold Corporation (TSXV:NEV) announced it has entered into an interim agreement with Resolve Ventures Inc. of Vancouver, BC, Canada, for Resolve to earn up to a 50% working interest in the Neptune lithium property.
Nevada Sunrise Gold Corporation (TSXV:NEV) announced it has entered into an interim agreement with Resolve Ventures Inc. of Vancouver, BC, Canada, for Resolve to earn up to a 50% working interest in the Neptune lithium property. Neptune consists of a block of 316 unpatented placer claims totaling approximately 6,320 acres (2,557 hectares) located in the Clayton Valley, Esmeralda County, Nevada, USA, approximately 10 miles (15 kilometres) south of the Silver Peak lithium mine, operated by Albemarle Corp.
As quoted in the press release:
The Agreement with Nevada Sunrise grants Resolve the right to earn up to a 50% interest in the Company’s interest in Neptune. Nevada Sunrise holds an option to acquire a 100% interest in the Property pursuant to an option agreement with the property owners. Neptune is subject to a 3% gross overriding royalty (the “Royalty”) in favour of the current owners of the Property. The parties expect to negotiate a more comprehensive “definitive agreement”, which will supersede the Agreement.
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