Nevada Sunrise Intersects 950 ppm Lithium over 200 Feet in Maiden Drilling Program at the Gemini Lithium Project, Nevada
Nevada Sunrise Intersects 950 ppm Lithium
over 200 Feet in Maiden Drilling Program at
the Gemini Lithium Project, Nevada
VANCOUVER, B.C.
,
April 21, 2022
/CNW/ -
Nevada Sunrise Gold Corp.
("Nevada Sunrise", or the
"Company") (TSXV: NEV) is pleased to announce that lithium mineralization has been intersected
over significant widths in the inaugural drilling program at its 100%-owned Gemini Lithium Project
("Gemini"), located in the Lida Valley basin in
Esmeralda County, Nevada
. Drilling began in the
second week of
March 2022
and concluded in the first week of
April 2022
. Two boreholes were
completed for a total of 2,020 feet (615.85 metres) on drill sites located within a defined gravity low
that hosts conductive layers detected by historical ground electromagnetic ("EM") surveys.
2022 Drilling Program
Borehole GEM22-01
was drilled to a depth of 900 feet and was terminated in a black, sticky clay
that impeded further drilling progress. At 320 feet (97.56 metres), Nevada Sunrise's exploration
team observed the presence of a clay layer similar to clay encountered in the Company's 2016-2017
exploration drilling in the Clayton Valley that had carried values of up to 1,400 parts per million
("ppm") lithium. Fourteen samples taken at 20-foot intervals between a depth of 380 feet (115.85
metres) and 520 feet (158.54 metres) from the Gemini clay layer were processed on a rush basis in
April 2022
and returned a weighted-average value of
1,177.6 ppm lithium over 140 feet
(42.68
metres).
Concentrations within this interval ranged from a low of 746.9 ppm lithium to a high value of
1,950.6 ppm lithium. This initial result represents a new discovery of lithium-bearing sediments in the
western Lida Valley, which has not been historically drill tested for lithium mineralization.
Drilling and sampling at Gemini at the site of GEM22-01 (CNW Group/Nevada Sunrise Gold
Corporation)
A second suite of samples was subsequently submitted from the upper clay layer in borehole
GEM22-01, which was observed to contain intermittent brown clays and tuffaceous ash layers. The
analytical result was the recognition of another mineralized zone averaging 295.45 ppm lithium over
60 feet (18.29 metres) from 320 feet (97.56 metres) to 380 feet depth (115.85 metres). When the
two consecutive layers from GEM22-01 are combined, the result is a continuously-mineralized
interval of 200 feet (60.98 metres) from
320 to 520 feet (97.56 to 158.54 metres) averaging
950.57 ppm lithium
.
Borehole GEM22-02
was drilled to a depth of 1,120 feet (341.5 metres) at a location approximately
0.69 miles (1.1 kilometre) south of GEM22-01 and also encountered the brown clay/tuffaceous ash
layer and the green clay layer. Representative samples from each layer were submitted in the
second suite of rush samples and returned weighted-average values of
775.9 ppm lithium over 130
feet (39.63 metres)
from 390 to 520 feet (118.90 to 158.54 metres)
(see Table 1 below for
results from GEM22-01 and GEM22-02).
The initial analytical results from boreholes GEM22-01 and GEM22-02 suggest that the lithium-
bearing clay layers at Gemini may be widespread. 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 2022
, Nevada Sunrise staked 258 lode
claims totaling 5,420 acres (2,193.4 hectares) over the outline of the gravity low to effectively cover
the possible extent of the lithium-bearing clay layers. Follow-up geophysical surveys are planned in
2022 within the gravity low to further map the conductive layers detected by Nevada Sunrise in
2016.
Table 1. Lithium Results from Boreholes GEM22-01 and GEM22-02
GEM22-01 Lithium Mineralization
Lithium
(ppm)
Interval (ft)
Length (ft)
Interval (m)
Length (m)
From
To
From
To
950.57
320
520
200
97.56
158.54
60.98
Including
1,177.61
380
520
140
115.85
158.54
42.68
and
1,675.21
480
520
40
146.34
158.54
12.20
GEM22-02 Lithium Mineralization
Lithium
(ppm)
Interval (ft)
Length (ft)
Interval (m)
Length (m)
From
To
From
To
775.9
390
520
130
118.90
158.54
39.63
Including
1,133.1
480
520
40
146.34
158.54
12.20
The Company's exploration objectives for Gemini are twofold: testing the conductive zones for lithium
brines at depth and analyzing drill cuttings for lithium-in-sediments. A total of 37 sediment samples
were submitted to American Assay Laboratories ("American Assay") for analysis on a rush basis,
and 210 sediment samples were submitted to ALS Group
USA
("ALS"), with both laboratories
located in
Reno, Nevada
.
Thirty-seven (37) water samples were taken at certain levels within the boreholes where the drilling
encountered formation water. These samples were submitted to WETLabs in
Reno, Nevada
for
testing of general chemical parameters and selected metals. The water flows were not significant
and no brines were detected in either of the 2022 boreholes. The potential for brines exists at
Gemini but may be located at greater depths than were tested in the 2022 spring drilling program.
Electromagnetic Survey Results Showing Conductive Zones and 2022 Drill Holes at Gemini (CNW
Group/Nevada Sunrise Gold Corporation)
For further information on Gemini, including location maps and photos
click here
About Gemini
Gemini consists of 387 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
. Nevada
Sunrise expanded the size of the Project by staking 80 new unpatented claims in
March 2022
, and
268 additional unpatented claims in
April 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. Drill pads and access roads remain in place at Gemini with an active
drilling permit.
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. 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.
Sampling and Analytical QA/QC and Statement of Qualified Person
Sediment samples were shipped to American Assay and to ALS. The rush samples reported in this
document were analyzed at American Assay utilizing a multi-element ICP-MS method. ALS will
employ similar multi-element ICP-MS methods on the standard turnaround samples. Duplicates, filed
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
.
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.
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.
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 Gemini Lithium Project 2022 exploration
plans; 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 Three Months Ended
December 31
, 2021, 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
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/April2022/21/c1876.html
%SEDAR: 00026824E
For further information:
For Further Information Contact: Warren Stanyer, President and Chief
Executive Officer, Telephone: (604) 428-8028, Facsimile: (604) 684-9365, email:
CO: Nevada Sunrise Gold Corporation
CNW 07:30e 21-APR-22