Nevada Sunrise ", or
Nevada Sunrise Engages ABH Engineering Inc.
for the Gemini Lithium Project, Nevada
VANCOUVER, BC
,
July 10, 2023
/CNW/ -
Nevada Sunrise Metals Corp.
("
Nevada Sunrise
", or
the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce the engagement of ABH
Engineering Inc. ("
ABH
") for engineering studies on its 100%-owned Gemini Lithium Project
("Gemini", or the "Project"). Gemini is located in the Lida Valley basin in
Esmeralda County, Nevada
,
where Nevada Sunrise made a significant lithium-in-sediment discovery by drilling in 2022 and 2023.
ABH has initiated the process of data verification and desktop analysis of the drill data in order to
produce a National Instrument 43-101-compliant technical report for the Project, with the further goal
of generating a preliminary economic assessment ("PEA").
About ABH
ABH Engineering Inc. is a mining engineering company based in
Surrey, BC
, Canada, offering
geology, mining, and processing services to the mining sector. With key experience in open pit,
underground, ore sorting, plant design, and optimization, ABH is committed to deliver maximum value
to its clients, while considering the evolving landscape of new mining technology.
ABH strives to be an innovator in mine design. With the proper application of technology, ABH's
technical team has consistently added over 40% in net present value to mining projects, prevented
the closing of historic mines, and averted the release of untold tonnes of CO
2
into the atmosphere,
while boosting mine economics in an environmentally sustainable way.
About Gemini
Gemini consists of 582 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 Albemarle 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 BLM 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
.
In March and
April 2022
, Nevada Sunrise drilled two RC boreholes for a total of 2,020 feet (615.85
metres) in its maiden drilling program at Gemini. The drill sites were located within a defined gravity
low that hosts conductive layers detected by historical ground electromagnetic surveys. The results
from the first two holes at Gemini represented a new discovery of lithium mineralization in the
western Lida Valley, which was not historically drill tested for lithium (see Nevada Sunrise news
release dated
May 18, 2022
). Three additional boreholes totaling 5,310 feet (1,618.9 metres) were
completed from
October 2022
to
April 2023
, with each intersecting lithium mineralization (see
Nevada Sunrise news release dated
May 24, 2023
). Metallurgical tests carried out on Gemini
lithium-in-sediment mineralization in 2023 has achieved a 90.2% lithium extraction rate (see Nevada
Sunrise news release dated
June 5, 2023
).
3-D View of Gemini Lithium Mineralization in 2022-2023 boreholes (CNW Group/Nevada Sunrise
Metals Corporation)
For further information on Gemini, including maps and photos
click here
Sampling and Analytical QA/QC and Statement of Qualified Person
Sediment samples from the Gemini 2022-2023 drilling program were submitted to American Assay
and ALS Global
USA
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, 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, and copper exploration projects located
in the
State of Nevada, USA
.
Nevada Sunrise owns 100% interests in the Gemini,
Jackson Wash
and Badlands lithium projects,
with no applicable royalties, all 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 at the Kinsley Mountain Gold
Project near
Wendover, NV
with CopAur Minerals Inc. 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.
Website:
www.nevadasunrise.ca
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 results and outcomes of the Company's
2022-2023 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
ending
March 31
, 2023, 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.
SOURCE
Nevada Sunrise Metals Corporation
View original content to download multimedia:
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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 Metals Corporation
CNW 07:30e 10-JUL-23