Nevada Energy Metals Retains 100% Interest in 77 Claims at Clayton Valley
1220‐789 West Pender St
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nevadaenergymetals.com
TSX‐V: BFF
OTCQB: SSMLF
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Nevada Energy Metals Retains 100% Interest in 77 Claims at Clayton Valley
News Release; August 1, 2017 Vancouver, British Columbia, Nevada Energy Metals Inc., TSX‐V: BFF (OTC:
SSMLF) (Frankfurt: A2AFBV) reports that the Option Agreement dated May 31, 2016 between the Company
and 1074654 Nevada Ltd (subsequently acquired by American Lithium Corp.) has expired without being
exercised. Nevada Energy Metals Inc., therefore, continues to retain a 100% interest in the CV claim group
free and clear of any underlying third‐party agreement. American Lithium Corp paid certain annual BLM fees
in order to keep the claims in good standing through July 31, 2018.
About the CV Claim Group
The Clayton Valley BFF‐1 Project is an early‐stage lithium brine prospect in Esmeralda County, Nevada. A total
of 77 placer claims cover an area of approximately 623 ha (1,540 acres) on the north‐western side of the
original Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak
Range front on the west and by an outlier of Paleozoic rocks known as Goat Island on the east. The exploration
concept is that the graben is a sub‐basin of the larger Clayton Valley basin and may represent a secondary trap
for lithium brines within the greater system.
The Clayton Valley BFF‐1 NI 43‐101 Technical Report by Alan Morris, CPG, QP, states “The property has strong
potential to host Lithium brine deposits in favorable geologic horizons within the basin fill. Another possible
target is lithium enriched clay within the fill package and potentially in previous high stands of the playa.”
(April 2016)
Geologic and geophysical mapping conducted for geothermal exploration and documented by Hulen (2008)
indicates previously unrecognized, deep graben lying between the Silver Peak range front and outcrops of
Paleozoic rocks at Goat Island and Alcatraz Island. This area was their target zone for a deep circulating
geothermal system they hoped to exploit for geothermal power. This graben is the main target for lithium
brine as it may represent a separate sub‐basin in Clayton Valley that holds brines not subject to pumping by
production wells on the east side of the main valley. Exposed mineralization is confined to salt crust on the
playa surface and other locations in the valley.
Western Geothermal Partners drilled a 120 meter (400 foot) geothermal gradient test well in 2006 on what is
now the Clayton Valley BFF‐1 project. Bottom hole temperature was 50°C (122°F) which showed moderate
potential for geothermal power. Of significance, the well encountered a 25‐foot‐thick zone of volcanic ash
reportedly similar to the Main Ash Aquifer in the Clayton Valley lithium operation. The presence of any felsic
ash in this hole is significant considering that, it is the presumed source for at least some of the lithium in the
brines (Price et al, 2000). Qualified Person: The technical content of this news release has been reviewed and
approved by Alan Morris CPG, Elko, Nevada
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About Nevada Energy Metals: https://nevadaenergymetals.com/
Nevada Energy Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX
Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the
mining friendly state of Nevada. The Company has 100% ownership in 77 claims in Clayton Valley, only 250m
from Rockwood Lithium, the only brine based lithium producer in North America; 100% interest in the 100
claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest
in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in
Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22
square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of
3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the
Black Rock Desert Property – 199 claims (3,980 acres/ 1,610 hectares) located in southwest Black Rock Desert,
Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).
On Behalf of the Board of Directors
Rick Wilson, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the contents of this news release.
Disclaimer for Forward‐Looking Information:
This news release may contain forward‐looking statements which include, but are not limited to, comments that involve
future events and conditions such as Exchange approval of the Option Agreement and the Financing and the Company’s
ability to exercise the Option or close the Financing, which are subject to various risks and uncertainties. Except for
statements of historical facts, comments that address resource potential, upcoming work programs, geological
interpretations, receipt and security of mineral property titles, availability of funds, and others are forward‐looking.
Forward‐looking statements are not guarantees of future performance and actual results may vary materially from those
statements. Availability of financing, and general business conditions are all factors that could cause actual results to
vary materially from forward‐looking statements.