Nevada Sunrise Completes Phase 2 Drilling at the Gemini Lithium Project, Nevada

Nevada Sunrise Completes Phase 2 Drilling at the Gemini Lithium Project, Nevada

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that the Company has completed its Phase 2 drilling program at its 100%-owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada . Three holes were completed in Phase 2 for a total of 5,310 feet (1,618.9 metres), bringing the total number of holes drilled by the Company at Gemini to five, totaling 7,330 feet (2,234.76 metres). The Gemini drilling program began in March 2022 and was successful in intersecting lithium mineralization in every hole, both in sediments and in groundwater (see Nevada Sunrise news releases dated May 18, 2022 June 6, 2022 February 7, 2023 and March 28, 2023 ).

Summary of Borehole GEM23-05

GEM23-05, the final Phase 2 borehole, was completed to depth of 1,740 feet (530.49 metres) at a location approximately 0.52 miles (0.83 kilometres) south of borehole GEM22-02 and 1.04 miles (1.67 kilometres) southeast of borehole GEM23-04. After passing through Quaternary alluvium, the borehole intersected green clay from 440 to 540 feet (134.15 metres to 164.63 metres) followed by varying stratigraphies of green, brown and sandy clays and white ash tuffs until a rhyolite flow sequence was encountered at 1,575 feet (480.18 metres). The rhyolite sequence, predominantly dark gray to black volcanic glass (obsidian) flows with minor tuff and lithic tuff, may represent a basement layer unconformably overlying the much older Emigrant Formation basement unit that was intersected in hole GEM23-03, drilled to 1,620 feet (493.9 metres), thus providing further definition of the depth of the Gemini basin.

Figure 1. Gemini TDEM Geophysical Model with Phase 1 and Phase 2 Drillholes (CNW Group/Nevada Sunrise Gold Corporation)

Nevada Sunrise believes that the southern and western parts of the Gemini basin are highly prospective for additional lithium mineralization and that further drilling could eventually define a large lithium resource. The Company is planning to carry out a Phase 3 drilling program at Gemini later in 2023 to infill the current pattern of boreholes with the goal of producing a National Instrument 43-101-compliant resource estimate and a Preliminary Economic Assessment of the lithium-bearing zones. In addition to the lithium-fertile western area of Gemini, the 2016 and 2022 geophysical results indicate continuity of the conductive zones (shown in red, Figure 1) in the eastern part of the Project, where these untested zones appear to be mapping the lithium-bearing stratigraphies intersected in the Phase 1 and Phase 2 drilling (Figure 2).

Figure 2: Gemini Lithium Project Borehole Locations, April 2023 (CNW Group/Nevada Sunrise Gold Corporation)

A total of 49 groundwater water samples and 172 sediment samples were collected from GEM23-05. Groundwater samples were collected intermittently at 20-foot intervals from a depth of 640 feet to a depth of 1,080 feet (195.12 to 329.27 metres), and then continuously from 1,120 feet to the bottom of the hole at 1,740 feet (341.46 to 530.49 metres). Sediment samples were collected at 20-foot (6.1 metre) intervals from the surface to a depth of 460 feet (140.24 metres) and then at 10-foot (3.05 metre) intervals from 460 feet (140.24 metres) to the bottom of the hole at 1,740 feet (530.49 metres).

Geochemical analyses for sediment and groundwater samples from GEM23-05 are pending, and will be released following their receipt, compilation and interpretation.

About the 2022-2023 Gemini Drilling Program

In March and April 2022 , Nevada Sunrise drilled two RC boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini. The drill sites were located within a defined gravity low that hosts conductive layers detected by historical ground electromagnetic surveys. The results from the first two holes at Gemini represented a new discovery of lithium-bearing sediments and lithium-in-water in the western Lida Valley, which was not historically drill tested for lithium mineralization. Borehole GEM22-03, drilled to 1,620 feet (493.9 metres) intersected the same sequence of volcanic ash sediments as was found in GEM22-01 and GEM22-02, and similar geologic formations are observed in borehole GEM23-04 and GEM23-05.

In July 2022 , Nevada Sunrise received a permit for an expanded drilling area from the Bureau of Land Management (the "BLM") good until July 2024 .

About Gemini

Gemini consists of 582 unpatented placer and lode claims located in the western Lida Valley, Esmeralda County , approximately 6 miles (10 kilometres) east of the town of Lida, Nevada . The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albemarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966.

Gemini is situated adjacent to the Gold Point Solar Energy Zone, a BLM land reserve set aside for solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada .

For further information on Gemini, including drill hole location maps and photos click here

Sampling and Analytical QA/QC and Statement of Qualified Person
Sediment Sample Collection and Analysis

Sediment samples described in this new release are a composite of material collected from the rotary splitter in the RC drilling rig, which produces a continuous, representative 3 to 5 kilogram sample for each sample interval. Samples were submitted to American Assay and ALS Global USA in Reno, NV and were analyzed utilizing a multi-element ICP-AES method. Specifically, the analytical method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP) technique to ionize the sample, and atomic emission spectrometry (AES) to determine elemental concentrations. Duplicates, field blanks, and certified reference standards were inserted at regular intervals in the sample stream to ensure accuracy of the analytical method.

Water Sample Collection and Analysis

Water parameters including TDS, conductivity, temperature, and pH values were obtained in the field by direct measurement with a handheld YSI556 Multi-parameter water meter, which meets Good Laboratory Practice (as proscribed by the Organization for Economic Cooperation and Development) for calibration and measurement.

Groundwater samples were collected at 20-foot (6.1-metre) intervals and sent to Western Environmental Testing Laboratory in Reno, Nevada under project chain-of-custody protocols for analysis. Industry standard methods for examination of water are employed by the laboratory. General chemistry testing may include analysis for specific gravity, total hardness, total alkalinity, bicarbonate, carbonate, hydroxide, total dissolved solids (TDS) and electrical conductivity. Lithium is analyzed by inductively coupled plasma-optical emission spectroscopy (ICP-OES) methods.

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr. , CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, also located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest in a joint venture at the Kinsley Mountain Gold Project near Wendover, NV with Copaur Minerals Inc. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has the right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

FORWARD LOOKING STATEMENTS

This release may contain forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the results and outcomes of the Company's 2022-2023 exploration and future exploration plans at the Gemini Lithium Project; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Three Months ending December 31, 2022 , which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Nevada Sunrise Metals Corporation logo (CNW Group/Nevada Sunrise Gold Corporation)

SOURCE Nevada Sunrise Gold Corporation

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/April2023/19/c5377.html

News Provided by Canada Newswire via QuoteMedia

NEV:CA
Nevada Sunrise Metals

Nevada Sunrise Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Nevada Sunrise Metals (TSXV:NEV)

Nevada Sunrise Metals


Keep reading...Show less
Nevada Sunrise Files NI 43-101 Technical Report on Maiden Resource Estimate of 7.1 Million Tonnes LCE for its Gemini Lithium Project, Nevada

Nevada Sunrise Files NI 43-101 Technical Report on Maiden Resource Estimate of 7.1 Million Tonnes LCE for its Gemini Lithium Project, Nevada

Nevada Sunrise Metals Corporation (TSXV: NEV) (OTCBB: NVSGF) ("Nevada Sunrise" or the "Company") is pleased to announce that the Company has filed a National Instrument 43-101 ("NI 43-101") compliant technical report entitled "NI 43-101 Technical Report, Resource Estimate for Gemini Lithium Project, Esmeralda County, Nevada " (the "Technical Report"), effective January 15, 2024 and dated March 8, 2024 on SEDAR and on the Company's website.

The Technical Report relates to an independent maiden resource estimate at the Gemini Lithium Project ("Gemini") completed by ABH Engineering Inc. ("ABH") of Surrey, BC , Canada . There are no material differences in the Inferred mineral resource reported in the Company's news release of January 23, 2024 and that as described in the Technical Report.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Nevada Sunrise Releases Maiden Resource Estimate of 7.1 Million Tonnes LCE on its Gemini Lithium Project, Nevada

Nevada Sunrise Releases Maiden Resource Estimate of 7.1 Million Tonnes LCE on its Gemini Lithium Project, Nevada

Nevada Sunrise Metals Corporation (TSXV: NEV) (OTCBB: NVSGF) ("Nevada Sunrise" or the "Company") is pleased to announce that ABH Engineering Inc. ("ABH") of Surrey, BC Canada has completed a maiden resource estimate on the Gemini Lithium Project ("Gemini", or the "Project") in Nevada, USA within the regulations of National Instrument 43-101 (the "Technical Report"). Nevada Sunrise plans to file the Technical Report within the next 45 days. It comprises a detailed review of the completed exploration programs, an Inferred resource estimate, interpretations and conclusions and recommendations for the next phase(s) of work.

The Gemini resource estimate was based on geochemical analyses for lithium from composite samples of material collected from the rotary splitter in the reverse circulation ("RC") drilling rigs contracted by the Company, which produced a continuous, representative 3 to 5 kilogram sample for each sample interval (see Nevada Sunrise news releases dated April 21, 2022 , April 28, 2022 , May 18, 2022 , and May 24, 2023 ). Results of the drilling proved the existence of clays mineralized with lithium, exhibiting very good geological continuity; the Inferred resource was calculated for lithium carbonate hosted in the clays.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Nevada Sunrise Announces Second Amendment to Option Agreement for Coronado VMS Property in Nevada

Nevada Sunrise Announces Second Amendment to Option Agreement for Coronado VMS Property in Nevada

Nevada Sunrise Metals Corporation (" Nevada Sunrise " or the "Company") (TSXV: NEV) (OTC: NVSGF) announced today that it has negotiated an amendment to the terms of an option agreement (the "Agreement") whereby the Company has the right to purchase a 100% interest in the Coronado VMS property (" Coronado ", or the " Property "), located in the Tobin Sonoma Range of Pershing County, Nevada approximately 30 miles (48 kilometres) southeast of Winnemucca . A definitive Agreement was announced on September 28, 2018 and a first amendment to the Agreement was announced on January 31, 2022 .

Nevada Sunrise Metals Corporation Logo (CNW Group/Nevada Sunrise Metals Corporation)

Details of the Coronado Amended Option Agreement Terms

Nevada Sunrise retains the right to acquire a 100% interest in Coronado , subject to a 2.0% net smelter returns royalty, with certain buydown provisions, in consideration for the amended cash and share payments to the vendors and minimum exploration expenditures as described below (all dollar amounts listed are in US dollars):

Coronado VMS Project –Amendments to Schedule of Payments and Expenditures

Payment Due Dates

Cash Payments (Previous)

Amended Cash Payments (2023)

Share Payments (Previous)

Amended Share Payments (2023)

Minimum Exploration Expenditures (Previous)

Amended Minimum Exploration Expenditures (2023)

Sept. 25, 2021

$50,000 (paid)

n/a

500,000 (issued)

n/a

$300,000

$300,000

Sept. 25, 2022

$50,000 (paid)

n/a

500,000 (issued)

n/a

$300,000

$300,000

Sept. 25, 2023

$50,000

NIL

500,000

750,000

$300,000

NIL

Sept. 25, 2024

$50,000

$75,000

500,000

750,000

$300,000

$300,000

Sept. 25, 2025

$50,000

$75,000

500,000

500,000

$300,000

$300,000

Sept. 25, 2026

$1,050,000

$1,050,000

600,000

600,000

NIL

$300,000

Nevada Sunrise retains the right to accelerate the timing of cash and share payments to the vendors at its discretion. If minimum exploration expenditures, which include property maintenance costs, are exceeded in any year, the excess expenditures will be credited to a succeeding year. An advance royalty payment of $500,000 would be payable to the vendors upon completion of a feasibility study.

The second amendment to the Agreement for Coronado is subject to acceptance by the TSX Venture Exchange.

For more information about Coronado , including maps and photos, click here

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, and copper exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley basin in Esmeralda County, NV , located just east of the Clayton Valley basin, which hosts the only producing lithium mine in the United States operated by Albemarle Corp. at Silver Peak, NV. The Company owns Nevada water right Permit 86863, also located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is an 18.74% interest in a joint venture at the Kinsley Mountain Gold Project near Wendover, NV with CopAur Minerals Inc. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada , U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin , Ph.D., and Gary L. Simmons , MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has the right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.

FORWARD LOOKING STATEMENTS

This release may contain forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to future plans for exploration at Coronado ; reliance on technical information provided by third parties on any of our exploration properties; changes in mineral project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or metallurgical recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Nine Months ending June 30 , 2023,  which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nevada Sunrise Metals Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2024/12/c3358.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Nevada Sunrise Produces 3-D Model for the Gemini Lithium Project, Nevada

Nevada Sunrise Produces 3-D Model for the Gemini Lithium Project, Nevada

Nevada Sunrise Metals Corp. (" Nevada Sunrise ", or the " Company ") (TSXV: NEV) (OTC: NVSGF) is pleased to announce the production of an animated 3-D geological and geophysical model for its 100%-owned Gemini Lithium Project (" Gemini ", or the " Project "). Gemini is located in the Lida Valley basin in Esmeralda County, Nevada where Nevada Sunrise made a significant lithium-in-sediment discovery by drilling in 2022 and 2023.

The 3-D model (the " Model ") was produced by Walker Lane Research Partners, LLC (" Walker Lane , LLC ") of Oak Harbour, WA, based upon the results of detailed gravity surveys performed in the Lida Valley in 2012-2013 by a team from the University of Texas Dallas (" UT Dallas "), led by Dr. John Oldow , Ph.D. Dr. Oldow, a technical advisor to Nevada Sunrise, retired from UT Dallas in 2018 and is a cofounder of Walker Lane, LLC. His proprietary gravity data and geological determinations were combined with the results of time-domain electromagnetic (" TDEM ") surveys carried out by Nevada Sunrise in 2016 and 2022 to produce the Model. A still image taken from the Model is shown in Figure 1 below and the entire animated Model can be viewed here:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
NEVADA SUNRISE TO REVISE AMENDMENT APPLICATION OF WARRANT TERMS AND GRANTS STOCK OPTIONS

NEVADA SUNRISE TO REVISE AMENDMENT APPLICATION OF WARRANT TERMS AND GRANTS STOCK OPTIONS

/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/

Nevada Sunrise Metals Corporation (" Nevada Sunrise ", or the " Company ") (TSXV: NEV) (OTC: NVSGF) announced today that its pending application to the TSX Venture Exchange (the " TSXV ") to amend the terms of 7,500,000 common share purchase warrants issued on June 29, 2022 (the " 2022 Warrants ") will be revised (see Nevada Sunrise news release dated November 10, 2023 ).

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Victory Announces Private Placements

Victory Announces Private Placements

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Victory Battery Metals Corp. (CSE:VR)(FRA:VR6) (OTC PINK:VRCFF) ("Victory" or the "Company") announces today that it will undertake a non-brokered private placement of up to $500,000 by the issuance of 10,000,000 units at $0.05, each unit consisting of one share and one half a warrant. Each whole warrant entitles the holder to additional share for 2 years at a price of $0.10

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
GMV Minerals Inc. Closes Second Tranche Non-Brokered Financing

GMV Minerals Inc. Closes Second Tranche Non-Brokered Financing

GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement. The second tranche raised gross proceeds of $80,250 from the issuance of 535,000 units (the "Units") at a price of $0.15 per Unit. The total private placement raised $301,350 in gross proceeds with the issuance of 2,009,000 Units

Each Unit consists of one common share of the Company (a "Common Share") and one half of one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.25 for a period of twelve months from the date issuance.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Lancaster Resources Acquires Piney Lake Gold Property

Lancaster Resources Acquires Piney Lake Gold Property

Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) (" Lancaster" or the " Company " ) a North American critical minerals exploration company, is excited to announce the acquisition of the Piney Lake Gold Property.

Property Overview

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NextSource Materials Provides Development Update on Battery Anode Facility in Mauritius Freeport Zone

NextSource Materials Provides Development Update on Battery Anode Facility in Mauritius Freeport Zone

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce progress with the development of its Battery Anode Facility (BAF) in the Freeport Zone of the port of Port-Louis, Mauritius

Following a comprehensive site selection process, the Company has signed a long-term lease agreement for a site in the Freeport Zone of Port-Louis for the location of its first BAF plant. The Company has integrated engineering improvements into the plant design and initiated the environmental permitting (EIA) process.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Sirios grants Brunswick right to purchase a royalty on select claims of the Mirage Property

Sirios grants Brunswick right to purchase a royalty on select claims of the Mirage Property

The directors of Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) ("Sirios") are pleased to announce that Sirios has signed an agreement with Brunswick Exploration Inc. ("Brunswick") granting it the right to purchase a 0.5% Net Smelter Return ("NSR") held by Sirios on 8 claims that are part of Brunswick Exploration's Mirage lithium property located in Eeyou Istchee James Bay (ref. : 29082023 Press Release ).

Under the terms of the purchase agreement, Brunswick shall:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Brunswick Signs Right to Repurchases 0.5% NSR on Select Claims at Mirage

Brunswick Signs Right to Repurchases 0.5% NSR on Select Claims at Mirage

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to announce that it signed an agreement with Sirios Resources (" Sirios ") to repurchase an existing 0.5% NSR on certain claims within the Mirage Project, located in the Eeyou Istchee James Bay region of Quebec.

Mr. Killian Charles, President and CEO of BRW, commented: "We are excitedly looking forward to the approaching release of the first wave of results from our Winter 2024 campaign at Mirage as these results will continue to demonstrate the growing exploration prospectivity at Mirage. In the interim, we have been actively working in consolidating the region and improving the economic potential of the project through various opportunities including this royalty repurchase and the transaction announced today further cements Mirage as one of the leading lithium projects in our portfolio."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Nevada Sunrise Metals

Nevada Sunrise Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×