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Nevada Sunrise Gold Corp.
Summary
| Project: | Clayton NE | |
|---|---|---|
| Deposit: | Clayton NE | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 12/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2016: Nevada Sunrise Gold Corp. announces an Exploration/Drilling Update report for its Clayton NE deposit at the Clayton NE project. Drilling results incl. 189.9m @ 164.2ppm Li from 207.3m. December 5, 2016, Vancouver, British Columbia – Nevada Sun | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert M. Allender Jr (Not Stated) | |
| ABSTRACT: | December 5, 2016, Vancouver, British Columbia – 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 lithium-bearing brines have been intersected in the second borehole of the 2016 drilling program at the Clayton Northeast lithium brine project in the Clayton Valley, Nevada (“Clayton NE”, or the “Project”). This follows successful results from the first borehole (see Nevada Sunrise news release dated Nov 1, 2016). Clayton NE borders the Silver Peak mine operated by Albemarle Corporation (“Albemarle”) (NYSE: ALB), North America’s only producing lithium mine. Of particular note, hole CNE-16-02, has intersected multiple aquifer formations, including 188.9 metres of brine-producing strata averaging 164.2 parts per million (“ppm”) lithium from a depth of 207.3 to 396.2 metres, including a higher grade interval averaging 202.8 ppm lithium over 109.7 metres. Hole CNE-16-03, which is still in progress, has also encountered strong brines ranging up to 138,000 ppm total dissolved solids (“TDS”), with analyses to follow. In addition, an additional 80 acres of contiguous land was staked in November 2016 to the southwest at Clayton NE, bringing the total land package to 1,080 acres (437 hectares) “Our second borehole at Clayton NE has exceeded expectations,” said Warren Stanyer, President and CEO of Nevada Sunrise. “The brines have a higher average lithium content and stronger flow rates, which we believe are strong indicators that we are intercepting the known lithium-bearing aquifers in the Clayton Valley.” | |
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