Precious Metals

Nevada Sunrise Receives Initial Lithium Analyses from Borehole GEM22-03

Nevada Sunrise Receives Initial Lithium Analyses from Borehole GEM22-03

TSXV: NEV

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to announce that preliminary geochemical analyses have been received for borehole GEM22-03 at its 100%-owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada . In the upper part of the hole, the Company has intersected lithium-bearing sediments in the characteristic lithium-bearing green clay that was encountered in the first two holes (GEM22-01 and GEM22-02) drilled in the spring of 2022. Drilling of GEM22-03 is still in progress with the hole depth currently at approximately 1,380 feet (420.73 metres).

Geophysical TDEM Model Showing Conductive Zones and 2022 Drill Holes at Gemini (CNW Group/Nevada Sunrise Metals Corporation)

Borehole GEM22-03 was collared at a location approximately 0.47 miles (0.76 kilometres) north of GEM22-01 and 1.14 miles (1.83 kilometres) north of GEM22-02.  Sampling of the lithium-bearing green clay layer began at 300 feet (91.46 metres), after the drill passed through the surficial alluvium (sand and gravel) layer, and 22 representative spot samples were collected from various intervals in the hole to provide an initial geochemical assessment of the green clay layer to a depth of 810 feet (246.95 metres). The 22 representative samples were submitted on a rush basis to American Assay Laboratories in Sparks, Nevada , and produced results ranging from 615 parts per million ("ppm") lithium to 1,450 ppm lithium (see Table 1).

Table 1.  Initial analytical results from borehole GEM22-03

Feet

Metres

Lithology Description

Lithium

(weighted avg.
ppm)

310

94.51

Dark gray-green clay, medium firm

1101

380

115.85

Gray-green clay, sticky and soft

1005

390

118.9

Gray-green clay, sticky and soft

949

400

121.95

Gray-green clay, sticky and soft

1084

430

131.1

Gray-green clay, medium firm

1298

440

134.15

Gray-green clay, medium firm

1336

480

146.34

Gray-green clay, soft, trace pyrite

1406

490

149.39

Gray-green clay, soft, trace pyrite

1450

560

170.73

Gray-green clay, sticky and soft

1188

580

176.83

Mixed siliceous chips and gray-green clay

1000

590

179.88

Mixed siliceous chips and gray-green clay

1278

610

185.98

Mixed gray chips and light gray hard clay

898

620

189.02

Mixed siliceous chips, medium gray hard clay, and dark
gray-green firm clay

1044

640

195.12

Dark gray-green clay, firm

702

660

201.22

Dark gray-green clay, firm

947

680

207.32

Mixed medium gray, firm, crumbly clay and dark gray
-green clay

632

690

210.37

Mixed soft dark gray-green clay and fine lithic tuff

680

760

231.71

Light gray-green fine lithic tuff with quartz eyes and
trace biotite

623

770

234.76

Mixed lithic tuff and gray-brown medium firm clay

725

780

237.8

Gray-brown, medium firm clay

777

790

240.85

Medium gray-green ash to fine lithic tuff. Trace
pyrite/sulfide

615

810

246.95

Mixed medium to dark gray-green clay

684

A total of 143 additional sediment samples were collected from hole GEM22-03 representing the clay zones intersected to date between 300 and 1,280 feet (91.46 to 390.24 metres) and those samples have been submitted to ALS Group USA in Reno, Nevada .

Groundwater samples exhibiting elevated conductivity and total dissolved solids have been collected in several zones beginning at 500 feet (152.44 metres) with the most recent groundwater sample collected at 1,360 feet (414.63 metres). Twenty-three groundwater samples were submitted to Western Environmental Laboratories in Reno, Nevada for analysis.

About the 2022 Gemini Drilling Program

Nevada Sunrise drilled two reverse circulation ("RC") boreholes for a total of 2,020 feet (615.85 metres) in its Phase 1 program at Gemini in March and April 2022 . The drill sites were located within a defined gravity low that hosts conductive layers detected by historical ground time domain electromagnetic ("TDEM") surveys. The results from the first two holes at Gemini represented a new discovery of lithium-bearing sediments and a lithium-bearing brine in the western Lida Valley, which has not been historically drill tested for lithium mineralization (see Nevada Sunrise news release dated June 6, 2022 ).

The Company's Phase 2 drilling program is designed to expand the footprint of the lithium mineralization encountered to date. Following a holiday break in the third week of December, drilling is planned to continue into the First Quarter of 2023. To date, high-grade lithium-bearing sediments have been intersected over a strike length of 1.14 miles (1.83 kilometres) and the current geophysical model suggests the presence of many highly-prospective drill targets at Gemini.

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

About Gemini

Gemini consists of 582 unpatented placer and lode claims (covering about nine square miles) 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 Albermarle 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 Bureau of Land Management 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 . Under the laws of Nevada , water cannot be pumped from a subterranean source without a valid water permit. Drill pads and access roads are in place at Gemini with an active drilling permit for up to 12 holes, good until July 2024 .

Sampling and Analytical QA/QC and Statement of Qualified Person

Sediment samples described in this new release were submitted to American Assay Laboratories in Sparks, Nevada , and 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.

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 and Jackson Wash lithium projects, both 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 with Copaur Minerals Inc. at the Kinsley Mountain Gold Project near Wendover, NV. 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 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 Company's 2022 exploration plans and results 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 Nine Months Ended June 30 , 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 Corp. Logo (CNW Group/Nevada Sunrise Metals Corporation)

SOURCE Nevada Sunrise Metals Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/06/c0251.html

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Nevada Sunrise Intersects 929.8 ppm Lithium over 1,130 feet at the Gemini Lithium Project, Nevada

Nevada Sunrise Intersects 929.8 ppm Lithium over 1,130 feet at the Gemini Lithium Project, Nevada

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) is pleased to announce that the Company has received final geochemical analyses for lithium mineralization in sediments and groundwater collected from borehole GEM22-03, drilled at its 100%-owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada . Drilling of borehole GEM22-03 began on October 18, 2022 and was completed to a depth of 1,620 feet (493.90 metres) on December 16, 2022 .

Highlights of GEM22-03
  • Borehole GEM22-03 intersected 929.80 parts per million ("ppm") lithium-in-sediment over 1,130 feet from 280 feet (85.37 metres) to 1,410 feet (344.51 metres), including 1,342.20 ppm lithium over 350 feet (106.71 metres) and 1,955 ppm lithium over 30 feet (9.15 metres) (see Table 1 below for greater detail on mineralized intervals);
  • GEM22-03 was completed at a location approximately 0.47 miles (0.76 kilometres) north of GEM22-01 and 1.14 miles (1.83 kilometres) north of GEM22-02, thereby successfully extending the lithium mineralized zone to the north.
  • Groundwater sample analyses showed anomalous concentrations of lithium in groundwater flows intersected within the hole, including two significant intervals of 120 milligrams/litre lithium ("mg/L") in a water flow of 14.22 gallons per minute ("gpm") from 1,100 to 1,120 feet (335.37 to 341.46 metres), and 110 mg/L lithium in a water flow of 16.4 gpm from 1,200 to 1,220 feet (365.85 to 371.95 metres).

Table 1.  Final Lithium-in-Sediment analytical results from borehole GEM22-03

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Nevada Sunrise Engages McClelland Laboratories Inc. for the Gemini Lithium Project

Nevada Sunrise Engages McClelland Laboratories Inc. for the Gemini Lithium Project

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has contracted McClelland Laboratories Inc. of Sparks, NV ("MLI") to perform metallurgical leach tests on samples of lithium mineralization intersected by the Company at the Gemini Lithium Project ("Gemini", or the "Project") in Esmeralda County Nevada. Gemini is located in the Lida Valley, approximately 25 miles (38 kilometres) southwest of the only producing lithium mine in the United States at Silver Peak, Nevada .

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

"Nevada Sunrise looks forward to the ongoing collaboration between MLI and our Nevada -based metallurgical consultant, Mr. Willem Duyvesteyn ", said Warren Stanyer , President and CEO of Nevada Sunrise. "We anticipate that the work of MLI's technical team will provide critical information about the lithium mineralization and extractability from sample material generated during our 2022 drilling campaign, to help guide future exploration and development at Gemini."

MLI has offered metallurgical, environmental, analytical testing and consulting services to the mineral exploration industry since 1987 and operates an ISO 17025 accredited facility that provides quality laboratory services during all phases of project development and operation. Willem Duyvesteyn, M.Sc.,  is renowned as an innovator in his field of and is the primary inventor and author of over 100 patents for mineral and hydrocarbon extractive technologies, including numerous applications for the extraction and leaching of metals and minerals from ores, brines, and solutions (see Nevada Sunrise news release dated November 15, 2022 ).

About Gemini

Gemini consists of 582 unpatented placer and lode claims (covering about nine square miles) 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 Albermarle 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 Bureau of Land Management 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 . Under the laws of Nevada , water cannot be pumped from a subterranean source without a valid water permit.

In March 2022 , Nevada Sunrise began drilling geophysical targets at Gemini and intersected significant zones of lithium mineralization in sediment and groundwater in the first two holes (see Nevada Sunrise news release dated June 6, 2022 ). Drilling continues in 2023 with a Phase 2 drilling program of up to six additional holes. Final geochemical analyses for lithium-in-sediments and groundwater are pending for hole GEM23-03, which was completed in mid-December 2022 .

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 lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

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

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur"), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp.  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 news 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 exploration plans at our Nevada lithium projects; 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 encountered 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 Year Ended September 30, 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 Exc hange 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 Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2023/30/c5961.html

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Nevada Sunrise Begins 2023 Drilling at the Gemini Lithium Project, Nevada

Nevada Sunrise Begins 2023 Drilling at the Gemini Lithium Project, Nevada

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to announce that the Phase 2 drilling program has re-commenced at its 100%-owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada . The first hole of the Phase 2 program, GEM22-03 was completed in December 2022 and drilling of the second Phase 2 hole began in the second week of January 2023 . Borehole GEM23-04 is targeting a strong conductive anomaly approximately 0.73 miles (1.17 kilometres) northwest of hole GEM22-02 and is planned to test the deepest part of the Gemini basin to an estimated depth of 2,000 feet (609.75 metres).

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Nevada Sunrise Disclosure on Investor Relations Agreements

Nevada Sunrise Disclosure on Investor Relations Agreements

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to disclose details of its investor relations agreements entered into in 2022 by the Company to create awareness of its exploration activities in Nevada as follows:

Nevada Sunrise Metals Corp. logo (CNW Group/Nevada Sunrise Metals Corporation)

  • Resource Stock Digest ("RSD"): The services provided by RSD to the Company relate to banner advertising. The Company is an RSD Website Sponsor at a cost of USD$10,000 per quarter, and had a Featured Company Banner on the RSD website in August 2022 and in September/ October 2022 , at a cost of USD$25,000 per instance. RSD conducts interviews with the Company and produces its own content that is distributed to RSD's subscriber base.

  • Investing News Network ("INN"): INN provides marketing services and an ongoing lead generation campaign, at an annual cost of CAD$20,000 until May 2023 . INN provides commodity-specific information and profiles issuers. The Company is featured on the INN website, and approximately once per quarter INN distributes one company-issued news release to its subscriber base. Under the current agreement, INN also conducts and publishes interviews with the Company.

  • CEO.ca: The Company subscribes to an Executive Advertising Package, which commenced in August 2022 for a 6-month term at a cost of CAD$95,000 . CEO.ca posts banner advertisements for Nevada Sunrise on the CEO.ca website, and the Company will be featured once during the term of the agreement as a sponsor of CEO.ca's Chairman's Briefing weekly newsletter. CEO.ca also distributes the Company's news releases and provides monthly updates regarding viewership on the CEO.ca website that is specific to Nevada Sunrise.

  • 51 Media Ltd.: The Company engaged 51 Media Ltd. and its principal Jason Powell in March 2022 to undertake corporate development, communications services and administrative duties at a cost of CAD$5,000 per month, for an unspecified term that can be terminated by either party at any time. 51 Media Ltd. communicates with analysts, brokers, investors and other investment professionals and assists in the ongoing maintenance of the Company's marketing materials, including its website.
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, copper and cobalt exploration projects located in the State of Nevada, USA .

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

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur"), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp.  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.

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/November2022/25/c6324.html

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Nevada Sunrise Engages Metallurgical Consultant for Nevada Lithium Projects

Nevada Sunrise Engages Metallurgical Consultant for Nevada Lithium Projects

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to announce that the Company has engaged Willem Duyvesteyn M.Sc., of Reno, Nevada as a metallurgical consultant. Mr. Duyvesteyn is the principal of Extractive Metallurgy Consultancy, LLC and is currently developing new processes for the extraction of lithium from sediments and brines in Nevada .

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

Mr. Duyvesteyn graduated Suma Cum Laude from the Delft University of Technology in the Netherlands and has been continuously employed in the mining industry since 1968. During his distinguished career, he has worked for Anglo-American Corporation, Amax R&D and Amax Lead and Zinc Ltd., consulted for Marathon Oil Company, and worked at BHP Minerals ("BHP"), for twelve years, where he served as Vice-President and General Manager, Minerals from 1994 to 2001. Prior to joining BHP, he advised the Dutch Department of Economic Affairs on R&D matters related to international mining and minerals processing and for two years acted as the Dean of the School of Mines at Delft University of Technology. Most recently, he has developed new technologies and processes for Scandium International Mining Corporation and served as its Chief Technology Officer and on its Board of Directors from 2004 to 2022.

Mr. Duyvesteyn is renowned as an innovator in his field and is the primary inventor and author of over 100 patents for mineral and hydrocarbon extractive technologies, including numerous applications for the extraction and leaching of metals and minerals from brines and solutions.

"Nevada Sunrise welcomes Willem Duyvesteyn to our exploration and development team," said Warren Stanyer , President and CEO of Nevada Sunrise.  "His contribution to our understanding of lithium extraction methods will be vital to our future exploration success in Nevada ."

The Company wishes to report the grant of 300,000 stock options to Mr. Duyvesteyn priced at $0.25 per option share and expiring five years from issuance.

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, copper and cobalt exploration projects located in the State of Nevada, USA .

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

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur"), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp.  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 news 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 exploration plans at our Nevada lithium projects; 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 encountered 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 Ended June 30, 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. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Metals Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/15/c7706.html

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Prismo Metals Files Drilling Permit Application for Los Pavitos

Prismo Metals Files Drilling Permit Application for Los Pavitos

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to announce that its drilling permit application for Los Pavitos has been submitted, opening the door to a drilling program. The Los Pavitos project consists of a 5,289-hectare (the equivalent of 53 square km or 20 square miles) concession located in the well mineralized Alamos region of southern Sonora State, Mexico.

Significant mapping and sampling at Los Pavitos was conducted in the first half of 2022 and covered about 75% of the area of main interest on the concession before taking a break for the summer heat and monsoon season. Signing of a formal two-year surface access agreement was achieved during this down time (see press release of October 31, 2022).

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NV Gold Announces the Approval of the Notice of Intent for its Drill Program on the SW Pipe Project in Nevada

NV Gold Announces the Approval of the Notice of Intent for its Drill Program on the SW Pipe Project in Nevada

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that it has received the approval of the Notice of Intent ("NOI") for the Company's SW Pipe Gold Project in Lander County, Nevada ("SW Pipe

The U.S. Department of the Interior's Bureau of Land Management ("BLM") has reviewed the NOI and determined it is complete, containing all the information required by the surface management regulations at 43 CFR 3809.30. The BLM has reviewed the proposed operation and determined that it is adequate to proceed.

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Aben Resources Closes Amendment to the Slocan Property Option Agreement

Aben Resources Closes Amendment to the Slocan Property Option Agreement

Aben Resources Ltd. (TSX-V: ABN ) (OTC QB : ABNAF ) (Frankfurt: E2L2 ) ("Aben" or "the Company") announces that, further to its news release dated January 23, 2023, it has received the approval of the TSX Venture Exchange on the amendment to the option agreement dated November 9, 2021 (the "Agreement") with Eagle Plains (the "Optionor") whereby the Company may acquire a 100% interest in the Slocan Graphite Property in Southern British Columbia (the "Property").

Under the new terms of the amendment, the Company has been granted an extension on the due date of its first anniversary obligations, being the cash payment, share issuance and exploration expenditures The first anniversary obligations, which were all due by December 31, 2022, are now due as follows:

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Alianza's SW Copper Alliance Retains 100% of Klondike Copper Property, Colorado

Alianza's SW Copper Alliance Retains 100% of Klondike Copper Property, Colorado

(TheNewswire)

Alianza Minerals Ltd

Vancouver, BC TheNewswire - February 3, 2023 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) announces that it received notice from option partner, Allied Copper Corp. ("Allied"), that Allied is terminating its optio n on the Klondike Copper Property in southwest Colorado, effective February 2, 2023.

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Snowline Gold Intersects 363.5 M Of 1.4 Grams Per Tonne Gold from Surface Including 129.9 M Of 2.0 Grams Per Tonne Gold at Its Valley Discovery, Rogue Project, Yukon

Snowline Gold Intersects 363.5 M Of 1.4 Grams Per Tonne Gold from Surface Including 129.9 M Of 2.0 Grams Per Tonne Gold at Its Valley Discovery, Rogue Project, Yukon

  • Hole V-22-028 returned 1.40 g/t Au over 363.5 m from surface, including 2.03 g/t Au over 129.9 m and 2.15 g/t Au over 42.3 m from its Valley Zone
  • Additional results extend known strike length of potentially economic gold grades along mineralized corridor to 720 m (open) and delineate gold-bearing quartz vein arrays along relatively underexplored eastern boundary of the Valley intrusion
  • Assays still pending for 7 of 32 holes (3,474 m, or 26% of 13,320 m) drilled at Valley and Gracie in 2022.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce additional preliminary assay results from its 2022 drilling program at the Valley Zone, Rogue Project, Yukon. Notably, hole V-22-028 intersected a zone of sheeted quartz vein mineralization within the Valley intrusion averaging 1.40 gt Au across 363.5 m from surface, including zones of 2.03 gt Au over 129.9 m and 2.15 gt Au over 42.3 m, with additional mineralization at depth (Tables 1 and 2). The hole was collared 121 m from the nearest hole (V-22-014; 285.2 m @ 1.45 gt Au) and drilled northeast, demonstrating continuity of mineralization within Valley's near-surface mineralized corridor. Assays remain pending for 26% (3,474 m) of the 2022 Rogue drill program

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Bathurst Metals Announces Peerless Claims Option

Bathurst Metals Announces Peerless Claims Option

(TheNewswire)

Bathurst Metals Corp

Vancouver, B.C. February 2, 2023 Bathurst Metals Corp. ("Bathurst" or the "Company") ( TSXV:BMV ) ( OTC:BMVVD ) is pleased to announce it has entered into a definitive Option Agreement with arm's length vendor BCT Holdings Corp . ("BCT") to acquire an undivided 100% interest in 12 mineral claims known as the "Peerless Property".  The Company previously entered into a letter of intent with BCT, the terms of which were announced on November 17, 2022.

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