Nevada Sunrise Metals

Overview

Nevada offers great discovery potential for mining companies and their investors. In addition to being one of the world’s top mining jurisdictions, Nevada hosts existing infrastructure, a skilled local workforce and favorable weather conditions allowing mining operations to operate nearly year-round.

Nevada Sunrise Metals (TSXV:NEV) is a junior mineral exploration company focused on exploring a robust portfolio of lithium, gold and copper projects, exclusively in Nevada.

Nevada Sunrise maintains interests in several highly prospective mineral exploration properties and water rights in Nevada. This portfolio includes the company’s flagship Gemini lithium project, the Kinsley Mountain gold project and the Coronado VMS copper project. The company also owns the Jackson Wash lithium project and the Badlands lithium project in Esmeralda County.

Nevada Sunrise Exploration Philosophy

Nevada Sunrise first staked claims at the Gemini Lithium Project in 2015 with no underlying royalties, and currently holds 100 percent interest in the project. Initial drilling in 2022 confirmed lithium-in-sediments of significant value. The results from Gemini represent a new lithium discovery in the western Lida Valley.

Kinsley Mountain operates as a joint venture with CopAur Minerals (TSXV:CPAU), with Nevada Sunrise holding a 18.74 percent interest in the project. In 2023, CopAur completed a series of seven reverse circulation drill holes and three diamond drill holes totalling 2,285 meters as part of the 2023 exploration program at Kinsley Mountain. Drilling at the Main Pit North zone intersected oxide gold intercepts higher than the resource cut-off of 0.2 grams per ton gold. Diamond drill hole KMD23-02, targeting resource infill at the high-grade Western Flank Zone, returned 15.28 grams per tonne of gold over 32.3 meters; including 24.07 g/t gold over 10.7 meters.

Operating in Nevada, the company understands the importance of water rights in conducting mining operations in the state. In 2017, Nevada Sunrise obtained water rights from the State of Nevada totaling 80.09 acre/feet per year for mining and milling in the Lida Valley, located adjacent to the Clayton Valley in Esmeralda County. This acquisition of water rights is an important step for an exploration company searching for mineral deposits in Lida Valley.

The company’s expert leadership and technical team apply world-class exploration experience and technical skills to acquire and develop new highly prospective mineral exploration projects. This combination of experienced individuals primes the company for growth and exploration success.

Company Highlights

• Nevada Sunrise Metals (TSXV:NEV), formerly Nevada Sunrise Gold, is a Vancouver-based mineral exploration company focused on developing and acquiring highly prospective projects in the mining-friendly jurisdiction of Nevada.
• The company’s flagship asset, the Gemini lithium project, consists of 291 unpatented claims covering approximately 5,600 acres (2,266 hectares) located in the Lida Valley about 10 kilometers east of the town of Lida, Nevada. Nevada Sunrise holds a 100-percent interest in the project, with no underlying royalties.
• Maiden resource estimate for the Gemini lithium project includes an inferred resource of approximately 1.3 million tons of lithium, or 7.1 million tons lithium carbonate equivalent contained within 1,200 million tons of lithium-mineralized clay at an average grade of approximately 1,130 parts per million lithium.
• The company’s primary gold asset is its 18.74 percent share of the Kinsley Mountain gold project, a joint venture with CopAur Minerals holding a 79.99 percent interest.
• Current and NI 43-101 compliant resource estimates calculated in 2020 state Kinsley Mountain hosts indicated resources of 418,000 ounces of gold grading 2.63 grams per ton (g/t) gold, and inferred resources of 117,000 ounces of gold averaging 1.51 g/t gold.
• The company’s portfolio also includes the Jackson Wash lithium project and the Badlands lithium project, both located in the Lida Valley and the Coronado VMS copper project near Winnemucca, Nevada.
• The Coronado VMS copper project is prospective for volcanogenic massive sulphide (VMS) deposits, with the past-producing Big Mike open-pit copper mine located nearby.
• The company owns valuable water rights within the Lida Valley basin to assist in the future development of the Gemini, Jackson Wash and Badlands lithium projects.