Nevada Sunrise Discovers 327.7 Mg/L Lithium in Water Analyses over 220 feet at the Gemini Lithium Project, Nevada
Nevada Sunrise Discovers 327.7 Mg/L Lithium
in Water Analyses over 220 feet at the Gemini
Lithium Project, Nevada
VANCOUVER, BC
,
June 6, 2022
/CNW/ -
Nevada Sunrise Gold Corp.
("Nevada Sunrise", or the
"Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that highly-significant values of
lithium have been detected in water samples collected from boreholes GEM22-01 and GEM22-02,
drilled in the inaugural 2022 drilling program at its 100%-owned Gemini Lithium Project ("Gemini")
located in the Lida Valley basin in
Esmeralda County, Nevada
. The water samples from both
boreholes contain dissolved lithium in a calcium/magnesium carbonate-type brine that was not easily
recognized on site during the drilling program due to the presence of high levels of suspended solids.
Water samples from borehole GEM-22-01 averaged
327.7 milligrams per litre ("mg/L") lithium
over 220 feet
(67.07 metres) from 600 to 820 feet with a peak value of
519 mg/L lithium
. Water
samples from borehole GEM22-02 returned an average of
116.28 mg/L lithium over 460 feet
(140.24 metres) from 600 to 1,120 feet (201.22 to 341.46 metres) with a peak value of
286.0 mg/L
lithium
(see Table 1 below).
Table 1: Results of Lithium-in-Water Samples for boreholes GEM22-01 and GEM22-02
Borehole GEM22-01 Water Sample Results
Interval
Thickness
Average Lithium (mg/L)
From
To
From
To
Feet
Metres
600
820
182.93
250.00
220
67.07
327.7
including
600
640
182.93
195.12
40
12.20
465.0
and
720
740
219.51
225.61
20
6.1
437.0
and
760
800
231.71
243.90
40
12.2
487.5
Borehole GEM22-02 Water Sample Results
Interval
Thickness
Average Lithium (mg/L)
From
To
From
To
Feet
Metres
660
1120
201.22
341.46
460
140.24
116.28
including
660
680
201.22
207.32
20
6.10
274.0
and
880
900
268.29
274.39
20
6.10
284.0
and
1060
1120
323.17
341.46
60
18.29
195.93
including
1100
1120
335.37
341.46
20
6.10
286.0
Notes:
1.
Lithium concentrations in GEM22-01 water samples ranged from 137 mg/L to 519 mg/L in the 220 foot (67.07 metres) thick zone from 600 to 820 feet (182.93 to 250
metres).
2.
The 60-foot zone sampled from 820 to 880 feet (250 to 268.3 metres) in GEM22-01 contained no significant lithium values.
3.
Lithium concentrations in GEM22-02 water samples ranged from "not detected" to 286mg/L in the 460- foot (140.24 metre) thick zone from 660 to 1120 feet (201.22 to
341.46 metres).
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 maiden drilling 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 time domain
electromagnetic ("TDEM") surveys (see Figure 1 below). The results from the first two holes at
Gemini represent a new discovery of lithium-bearing sediments and lithium-in-water in the western
Lida Valley, which has not been historically drill tested for lithium mineralization. Lithium-in-sediment
values were significant:
GEM22-01 averaged
1,203.41 parts per million ("ppm") lithium over 580 feet
(176.83
metres), from 320 to 900 feet (97.56 to 274.39 metres) including
1,578.19 ppm lithium over
300 feet
(91.46 metres) from 480 to 780 feet (146.34 to 237.8 metres).
GEM22-02 averaged
1,101.73 parts per million ("ppm") lithium over 730 feet
(222.56
metres) from 390 to 1,120 feet (118.90 to 341.46 metres), including
2,217.69 ppm lithium
over 130 feet
(39.63 metres) from 990 to 1,120 feet (301.83 to 341.46 metres) and
3,304.34
ppm lithium over 50 feet
(15.24 metres) from 1,070 to 1,120 feet (326.22 to 341.46 metres).
Figure 1. TDEM Survey Results Showing Conductive Zones and 2022 Drill Holes at Gemini (CNW
Group/Nevada Sunrise Gold Corporation)
Nevada Sunrise is evaluating the 2022 water and sediment sampling results in detail. These
analytical results and preliminary research by the Company suggest that the Gemini lithium deposit is
an example of the claystone deposit model situated in a closed arid basin, similar to lithium deposits
found in the Clayton Valley and at other sedimentary-hosted lithium deposits in
Nevada
.
The host horizons at Gemini are dark green-gray to black volcanic ash-rich lacustrine sediments
containing significant amounts of clay. High lithium concentrations are accompanied by high calcium
and magnesium concentrations. The highest lithium concentrations in sediment samples are
associated with dark gray/green to black, organic-rich claystone intervals. Brine samples from these
intervals also carry the highest lithium concentrations found in groundwater. Further testing is
required to identify the lithium-rich clay minerals and the source of the lithium-bearing brine found at
Gemini.
Additional drilling is planned following receipt of an amendment to the current Bureau of Land
Management drilling permit, which will be required to cover the Company's newly-expanded land
position. In April and
May 2022
, Nevada Sunrise staked 288 unpatented lode claims totaling 5,760
acres (1,756 hectares) over the outline of the gravity low to effectively cover the possible extent of
the lithium-bearing clay layers. Follow-up geophysical TDEM surveys were completed at Gemini in
May 2022
within the interpreted area of the historical gravity low to better map and assess the
conductive layers first detected by Nevada Sunrise in 2016 (see Nevada Sunrise news release dated
May 12, 2022
). The new geophysical results are being compiled and interpreted.
For further information on Gemini, including location maps and photos please visit our website at:
Gemini Lithium | Nevada Sunrise Gold Corp.
About Gemini
Gemini consists of 407 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 Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated
continuously since 1966. Nevada Sunrise expanded the size of the Project by staking 80 new
unpatented placer claims in
March 2022
, and 288 additional unpatented lode claims in April and
May
2022
.
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 remain in place at Gemini with an active drilling permit.
Sampling and Analytical QA/QC and Statement of Qualified Person
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 Hanna Model 98194 Multiparameter Meter, which meets
Good Laboratory Practice (as proscribed by the Organization for Economic Cooperation and
Development) for calibration and measurement. All depth measurements reported, including sample
and interval widths are down-hole. As holes are oriented vertical and geologic stratigraphy is
primarily horizontal to sub-horizontal, downhole measurements are assumed to be close to true
thickness.
Thirty-seven (37) 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 were employed by the
laboratory. General chemistry testing included analysis for specific gravity, total hardness,
total alkalinity, bicarbonate, carbonate, hydroxide, total dissolved solids (TDS) and electrical
conductivity. Anions (chloride, sulfate) were analyzed by ion chromatography. Trace metals (lithium,
magnesium, boron, calcium, potassium, strontium, and sodium) were analyzed by inductively coupled
plasma-optical emission spectroscopy (ICP-OES) methods.
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 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.
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 New Placer Dome Gold
Corp. (TSXV: NGLD) 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.
(TSXV: GEMC) 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 activities and
future 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 Six Months Ended
March 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. 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 Gold Corporation
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For further information:
Warren Stanyer, President and Chief Executive Officer, email:
[email protected]; Telephone: (604) 428-8028 or Jason Powell, Corporate
Communications, email: [email protected]; Telephone: (604) 779-6497
CO: Nevada Sunrise Gold Corporation
CNW 07:30e 06-JUN-22