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Nevada Sunrise Gold Corp.
Summary
| Project: | Clayton NE | |
|---|---|---|
| Deposit: | Clayton NE | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 3/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-3-2017: Nevada Sunrise Gold Corp. announces an Exploration/Drilling Update report for its Clayton NE deposit at the Clayton NE project. JV with Advantage Lithium - drill results incl. 426.72m @ 243.44mg/L Li from 140.21m. Nevada Sunrise Gold Corporation | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert M. Allender Jr (Internal) | |
| ABSTRACT: | Nevada Sunrise Gold Corporation (“Nevada Sunrise” or the “Company") (TSXV: NEV) and its exploration partner, Advantage Lithium Corp. (“Advantage Lithium”) (TSXV: AAL) are pleased to announce that the first borehole of the 2017 drilling campaign at their Clayton Northeast property (“Clayton NE, or the “Property”) in Clayton Valley, Nevada, has intersected lithium-bearing brines. This follows successful results from the first three boreholes drilled in 2016 (see Nevada Sunrise news releases dated November 1, 2016, December 5, 2016, and December 21, 2016). Hole CNE-17-04, drilled to a total depth of 609.6 metres (2,000 feet), has intersected multiple aquifer formations, including 426.72 metres of brine-producing strata averaging 243.44 milligrams per litre (“mg/l”) lithium between a depth of 140.21 to 609.6 metres, including a higher-grade interval averaging 274.6 mg/l lithium over 79.2 metres from a depth of 530.35 metres to 609.6 metres. “Exploration drilling at Clayton NE continues to intersect classic Clayton Valley aquifer systems containing lithium,” said Warren Stanyer, President and CEO of Nevada Sunrise. “Every successful hole brings us closer to our goal, and that of our partner, Advantage Lithium, of producing a lithium brine resource estimate for Clayton NE.” | |
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