VANCOUVER, BC, January 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 McClelland Laboratories Inc Funken, NV (“MLI”) to perform metallurgical leach testing on samples of lithium mineralization intersected by the Company at the Gemini Lithium Project (“Gemini” or the “Project”) County of Esmeralda, Nevada. Gemini is located in the Lida Valley approximately 25 miles (38 kilometers) southwest of the only producing lithium mine in The United States at silver peak, Nevada.
“Nevada Sunrise looks forward to the continued collaboration between MLI and ours 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 important information on lithium mineralization and extractability from sample material collected during our 2022 drilling campaign to guide future exploration and development at Gemini.”
MLI has been providing metallurgical, environmental, analytical testing and consulting services to the mineral exploration industry since 1987 and operates an ISO 17025 accredited facility providing high quality laboratory services throughout all phases of project development and project operations. Willem Duyvesteyn, M.Sc., is known as an innovator in his field and is the principal inventor and author of over 100 patents for mineral and hydrocarbon recovery technologies, including numerous applications for the extraction and leaching of metals and minerals from ores, brines and Solutions (see Nevada Sunrise press release dated November 15, 2022).
Gemini consists of 582 unpatented placer and vein claims (covering approximately nine square miles) in the western Lida Valley. County of Esmeraldaabout 10 kilometers east of the town of Lida, Nevada. The Lida Valley is a shallow, dry basin with a similar geological setting to the more well-known ones Clayton Valley Basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has been operating continuously since 1966.
Gemini is adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve earmarked for solar and wind power generation projects through 2033 – required for exploration and development of lithium brine projects in Nevada. According to the laws of NevadaNo water may be pumped from an underground source without a valid water permit.
In March 2022Nevada Sunrise has begun drilling geophysical targets at Gemini and has intersected significant zones of lithium mineralization in sediment and groundwater in the first two drill holes (see Nevada Sunrise press release dated June 6, 2022). Drilling will continue in 2023 with a Phase 2 drill program of up to six additional drill holes. Final geochemical assays for lithium in sediments and groundwater are pending for drill hole GEM23-03, which was completed in 2017 Mid December 2022.
The scientific and technical information contained in this press release has been reviewed and approved by Robert M. Allender, Jr.CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined by National Instrument 43-101 – Disclosure Standards for mineral projects.
Over Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team in Vancouver, BC, Canadawhich holds interests in lithium, gold, copper and cobalt exploration projects in the United States State of Nevada, United States.
Nevada Sunrise owns 100% interest in Gemini and Jackson Wash Lithium projects, both in Esmeralda County, NV. The Company holds Nevada Water Permit 86863 located in the Lida Valley Basin near Lida, NV.
The Company’s principal gold asset is a 20.01% interest in the nearby Kinsley Mountain Gold Project (“Kinsley Mountain”) Wendover, NV. Kinsley mountain is a joint venture with Copaur Minerals Inc. (“Copaur”), following completion of a plan of agreement between Copaur and the Company’s former joint venture partner, New Placer Dome Gold Corp National Instrument 43-101 compliant gold resource 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 cutoff grades between 0, 2 and 2.0 g/t Au 1.
1 Technical report on the Kinsley project, Elko County, NevadaUnited States, dated June 21, 2021 with effective date of May 5, 2021 and prepared by Michael M GustinPhD, and Gary L SimmonsMMSA and under the issuer profile of New Placer Dome Gold Corp. 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 Nevada 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, NVwhere Global Energy Metals Corp. holds an 85% stake.
FORWARD LOOKING STATEMENTS
This press 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 “expect,” “plan,” “anticipate,” “believe,” “intend,” “estimate,” “forecast,” ” potentially” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur and include disclosure of anticipated exploration activities. However, the company believes that the expectations expressed therein are forward-looking–forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results could differ materially from those in the forward-looking statements. Forward–statements are based on the beliefs, estimates and opinions of the company’s management on the date the statements are made. Company expressly disclaims any intent or obligation to update or revise any redirects–statements, whether based on new information, future events or otherwise.
These factors include, among other things, risks associated with our exploration plans Nevada lithium projects; reliance on technical information provided by third parties regarding our exploration properties; changes in project parameters as plans continue to be refined; current economic situation; future commodity prices; potential fluctuations in salary or recovery rates; failure of equipment or processes to function as expected; the non-performance of contracting parties; labor disputes and other risks of the mining industry; delays due to a pandemic; delays in obtaining regulatory approvals, financing or in completing exploration; and those factors discussed in the “Risk Factors” section of the Company’s management discussion and analysis for the past year 09/30/2022which is available under the 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 the forward-looking information, there may be other factors that cause actions, events or results not to be as expected, estimated or foreseen. There can be no assurance that this 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 Excnor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
SOURCE Nevada Sunrise Gold Corporation
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