Nevada Sunrise Engages McClelland Laboratories Inc. for the Gemini Lithium Project
Nevada Sunrise Engages McClelland
Laboratories Inc. for the Gemini Lithium
Project
VANCOUVER, BC
,
Jan. 30, 2023
/CNW/ -
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 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
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For further information:
Warren Stanyer, President and Chief Executive Officer, Telephone: (604)
428-8028, email: [email protected]; Jason Powell, Corporate Communications,
Telephone: (604) 779-6497, email: [email protected]
CO: Nevada Sunrise Gold Corporation
CNW 07:30e 30-JAN-23