Nevada Sunrise Signs Definitive Deal for Clayton Lithium Property

Nevada Sunrise Gold Corporation (TSXV:NEV) announced it has entered into a definitive agreement for an option to purchase a 100-per-cent interest in the Clayton Northeast lithium property, located in the Clayton Valley in Esmeralda county, Nevada.
As quoted in the press release:

Clayton NE totals approximately 684 acres (276 hectares) and is contiguous to the Silver Peak lithium mine (“Silver Peak”) operated by Albemarle Corporation (ALB: NYSE). A Silver Peak lithium production well is located approximately 45 metres from the Clayton NE western boundary.
In the United States Geological Survey (“USGS”) Open-File Report 82-415 (1982), it is reported that a historical drill hole (CV-5) is located on Clayton NE. Hole CV-5 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. The historical drill hole was part of a 1977 regional drilling program carried out by the USGS. Nevada Sunrise believes that drilling deeper holes at Clayton NE could intersect additional aquifers potentially hosting brines of similar or better contents of lithium than were encountered in the relatively shallow historical hole.

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