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Nevada Sunrise Receives Drill Permits For Clayton Ne And Gemini Lithium Projects In Nevada

Matthew Spizziri
Jul. 25, 2016 08:08AM PST
Gold Investing

Nevada Sunrise (TSXV:NEV) has received drilling permits from the U.S. Bureau of Land Management to explore for lithium brines on the Clayton Northeast project and the Gemini project, both located in the Esmeralda county, Nevada, United States. The BLM has approved up to 6 exploration drill hole locations at Clayton NE, and 10 drill hole locations …

Nevada Sunrise (TSXV:NEV) has received drilling permits from the U.S. Bureau of Land Management to explore for lithium brines on the Clayton Northeast project and the Gemini project, both located in the Esmeralda county, Nevada, United States.
The BLM has approved up to 6 exploration drill hole locations at Clayton NE, and 10 drill hole locations at Gemini. Nevada Sunrise plans to drill up to 3 to 4 vertical holes at each project as an initial test to depths ranging from 300 to 600 metres, with follow-up drilling if warranted. The drill programs are proposed to begin later in 2016, following the closing of the announced property option transaction with Advantage Lithium Corp. (TSXV: AAL.H, formerly North South Petroleum Corp. – see Nevada Sunrise news release dated June 20, 2016 for further details).
For further information on Clayton NE and Gemini, including location maps and maps and sections showing the Gemini geophysical interpretation, see the Company’s website under “Projects-Nevada Lithium” at:https://www.nevadasunrise.ca/projects/nevadalithium/
About Clayton NE
Property consists of 50 unpatented placer claims totaling 1,000 acres (405 hectares);
Located in the Clayton Valley adjacent to the eastern boundary of the Silver Peak lithium mine operated by Albemarle Corporation (NYSE: ALB);
Several of Albemarle’s lithium brine production wells are situated within 100 metres west of the Clayton NE claim boundary;
A historical 1977 USGS drill hole (CV-5) located on Clayton NE was drilled to a depth of 479 feet (146 metres) and encountered lithium values in ground water ranging from 24 parts per million (“ppm”) to 110 ppm lithium, averaging 69.3 ppm lithium for a group of 11 samples, and averaging 65.75 ppm lithium for another group of 12 samples, analyzed both in the laboratory and in the field;
Nevada Sunrise plans to test for lithium brines with deeper holes than those drilled by the USGS in the 1970s.
About Gemini
Property consists of 247 unpatented placer claims totaling 4,940 acres (2,000 hectares);
Located in the Lida Valley, a desert basin with a similar geological setting to the established Clayton Valley basin, approximately 6 miles (10 kilometres) east of the town of Lida, Nevada;
Nevada Sunrise acquired Gemini by claim staking, with no applicable royalties;
Eureka Resources Inc. (“Eureka”) (TSXV: EUK) has acquired a 50% working interest in a joint venture at Gemini (see Nevada Sunrise news release dated January 21, 2016 for further details);
Dr. John Oldow’s geological research team collected approximately 500 gravity measurements along 7 transects crossing the Lida Valley, which indicated strong gravity lows within two, faulted sub-basins approximately 7 kilometres (4.5 miles) apart, each interpreted to be hundreds of metres deep;
Two separate TDEM surveys over Gemini West and Gemini East carried out in 2016 have each detected conductive zones within the sub-basins interpreted to represent conductive brines at depth located well below the non-conductive sediments at and near surface.
Connect with Nevada Sunrise (TSXV:NEV) to receive an Investor Presentation.

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