Nevada Sunrise Gold provides update on six lithium exploration projects in Nevada


Nevada Sunrise Gold Corporation has announced updates on its six lithium exploration projects located in Esmeralda County, Nevada.

The firm holds the rights to 8,980 acres in the Clayton Valley, 7,540 acres in the Lida Valley, and 2,882 acres in the Fish Lake Valley for a total acreage of 19,402 acres.

Each of these projects feature an interpreted sub-basin underneath the desert floor.

"The firm plans to submit a drill permit application to the BLM to test for lithium brines with deeper holes than those drilled in the 1970s."

These sub-basins can serve as traps for subterranean aquifers that may contain lithium brines.

The firm said its Aquarius Project has 83 unpatented placer claims totaling 1,660 acres. Located in the Clayton Valley, it is the only producing lithium mine in North America.

It plans to submit a permit application to the US Bureau of Land Management to carry out a drill programme to test for lithium brines at this project. The Clayton Northeast Project has 50 unpatented placer claims totaling 1,000 acres. The firm plans to submit a drill permit application to the BLM to test for lithium brines with deeper holes than those drilled in the 1970s.

Located in the Clayton Valley, approximately 10mi south of the Silver Peak Mine, Neptune Project has 316 unpatented placer claims totaling approximately 6,320 acres. Nevada Sunrise has completed the construction of two additional drill pads and intends to resume drilling on more targets developed from gravity surveys and TDEM data.

Gemini project has 247 placer claims totaling 4,940 acres. The firm plans to submit a permit application to the BLM for a drill programme to test for lithium brines at this project.

Located in the Lida Valley on the east side of the Montezuma Range, Jackson Wash Project has 130 unpatented placer claims totaling approximately 2,600 acres. The firm secured a drill permit for ten holes over a two-year period from the BLM in February 2016.

Atlantis Project has 69 placer claims and 19 association placer claims, consisting of total of 2,882 acres. The company plans a geophysical exploration at this project in the form of additional gravity and electromagnetic surveys to determine if conductive brines might be present at depth. This will be followed by drilling of interpreted geophysical targets.