Maiden Resource Estimate Of 7.1 Million Tonnes LCE On Gemini Project

Maiden Resource Estimate Of 7.1 Million Tonnes LCE On Gemini Project

VANCOUVER – Nevada Sunrise Metals Corporation announced the completion of a maiden resource estimate on the Gemini Lithium Project in Nevada within the regulations of National Instrument 43-101. It comprises a detailed review of the completed exploration programs, an Inferred resource estimate, interpretations and conclusions and recommendations for the next phase(s) of work.

The Gemini resource estimate was based on geochemical analyses for lithium from composite samples of material collected from the rotary splitter in the reverse circulation (RC) drilling rigs contracted by the Company, which produced a continuous, representative 3 to 5 kilogram sample for each sample interval. Results of the drilling proved the existence of clays mineralized with lithium, exhibiting very good geological continuity; the Inferred resource was calculated for lithium carbonate hosted in the clays.

“We are very pleased that the maiden resource estimate has exceeded expectations,” said Warren Stanyer, President and CEO. “With only five holes drilled to date in just 15% of the project area, Gemini has emerged as one of the world’s largest lithium resources, and the fourth largest in the United States. We look forward to additional exploration at the Project to effectively expand the size of the resource, leading to the production of a preliminary economic assessment.”