Seismic Survey Defines Location Of Major Fault Zone

Seismic Survey Defines Location Of Major Fault Zone

VANCOUVER – Nevada Lithium Resources Inc. has completed interpretation of a seismic survey conducted at its Bonnie Claire lithium project. A major north-south-trending fault zone has been identified as a target for lithium brine exploration. This development is part of the current work program that commenced in the summer of 2023. The workplan is advancing the Company’s lithium resource towards pre-feasibility and is examining the potential for additional opportunities in lithium brines.

Stephen Rentschler, CEO, said, “We are pleased to report that the seismic survey has yielded important results. The survey has identified a major north-south trending fault zone, similar to that found at Clayton Valley, the location of the only producing US lithium brine mine, 47 miles (75km) north of Bonnie Claire. Nevada Lithium has targeted an initial drill location for brine evaluation and preliminary work is underway to determine the timing of this drill test.

We are confident that Clayton Valley provides a viable exploration model for lithium bearing brines at Bonnie Claire. The results of this seismic survey mark another important step in confirming the Company’s exploration model. Notably, the seismic survey covered less than 8% of the overall Project. There remain significant seismically untested areas to both the south and north within the Property, along-strike from the interpreted fault zone. The opportunities for brine evaluation are an important component of the Company’s overall value proposition, anchored by ongoing Preliminary Feasibility Study work on the sediment-hosted lithium deposit at Bonnie Claire.”