Nevada Sunrise (TSX-V: NEV) CEO Warren Stanyer Discusses JV Partner Advantage Lithium (TSX-V: AAL) Intersecting Lithium Brines
November 1, 2016
VANCOUVER, Nov. 1, 2016 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) and its joint venture partner, Advantage Lithium Corp. ("Advantage Lithium") (TSXV: AAL) are pleased to announce lithium-bearing brines have been intersected in the first borehole of the 2016 drilling program at the Clayton Northeast lithium brine project in the Clayton Valley, Nevada("Clayton NE", or the "Project"). Clayton NE borders the Silver Peak mine operated by Albemarle Corporation ("Albemarle") (NYSE: ALB), North America's only producing lithium mine. Hole CNE-16-01, still in progress, has encountered classic Clayton Valley permeable sedimentary strata and has intersected aquifer formations that host brines at depths between 553 and 1,200 feet (169 to 366 metres). Lithium values in the first five grab samples taken within the aquifer zones are highly anomalous, including up to 218.0 parts per million ("ppm"), with three of the five samples averaging 209.0 ppm lithium. Target depth for hole CNE-16-01 is estimated at 1,500 feet (457 metres), or until contact with bedrock.
"Our first borehole has confirmed the prospectivity of the Clayton NE property for lithium-bearing brines," said Warren Stanyer, President and CEO of Nevada Sunrise. "Exploration drilling into aquifer zones is a demanding task, and the success of this inaugural hole is a tribute to the collective experience of our geological team and our drill crew."
Conventional dual-tube reverse circulation ("RC") drilling intersected typical Clayton Valley strata consisting of alternating layers of gravel, volcanic ash and clay. The Main Ash and the Lower Aquifer System, as described by Zampirro, (2003) were encountered beginning at 553 feet (169 metres). A zone of increased water flow was encountered between 735 and 800 feet (224 to 244 metres) in the borehole. Three water samples were collected from this zone. Analysis of these samples shows this zone (interpreted to be the Lower Aquifer System) to carry significant lithium concentrations (see table below).
Clayton NE Lithium Brine Exploration Project - Initial Results (as of October 30, 2016)
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