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Nevada Lithium Resources: Initial Drill Hole of 2022 Completed at the Bonnie Claire Lithium Project, Nevada
VANCOUVER, BC, July 21, 2022 /CNW/ - Nevada Lithium Resources Inc. (CSE: NVLH) (OTCQB: NVLHF) (FSE: 87K) ("Nevada Lithium" or the "Company") and its 50% partner
About this update from Nevada Lithium Resources, Inc.
[{"type":"text","content":" VANCOUVER, BC, July 21, 2022 /CNW/ - Nevada Lithium Resources Inc. (CSE: NVLH) (OTCQB: NVLHF) (FSE: 87K) (\"Nevada Lithium\" or the \"Company\") and its 50% partner in the Bonnie Claire Lithium Project (the 'Project' or 'Property') , Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: BVTEF) (FSE: YQGB) (\"Iconic\") are pleased to provide an update on their 2022 mineral exploration and development plans for the Project, located in Nye County, Nevada. Nevada Lithium CEO, Stephen Rentschler, comments: \"We are pleased to report that our 50% partner, Iconic, who is operator of our initial joint work program, has advised us of the completion of the first drill hole of 2022. This initial work program, estimated to cost $5mm USD, has been fully funded as part of the Option Agreement, whereby Nevada Lithium obtained its 50% ownership of the Project. We are excited that the work program has already begun to provide data and material that is furthering development of the Project. We firmly believe that Bonnie Claire is one of the most attractive global lithium assets remaining in junior developers' hands.\" Core Drill Hole BC2201C The Company is pleased to announce that it has completed the first drill hole (core) of the 2022 exploration program, hole BC2201C, with a final depth of 2001 feet (610 meters). Vibrating wire piezometers have been set in the hole during abandonment to gain a better understanding of the groundwater flow in the basin. The core rig is currently mobilizing to the next core hole location, which is roughly 0.5 miles (0.8 kilometers) from the site of BC2201C. The first batch of 216 geochem samples, extracted from core hole BC2201C, has been sent to ALS in Reno, Nevada for analysis. The sample material consists of PQ and HQ quarter-core with approximately 10% of the samples submitted for assay comprised of QAQC samples (i.e. standard, duplicate, or blank). All core has been stored and cut at a secure core storage facility near Beatty, Nevada. Geotechnical Sampling Program Barr Engineering Company (Barr) has completed its core sampling program at the BC2201C drill site and has begun assessment of the material. Over 200 segments of core were collected for analysis to better understand the geotechnical and geomechanical characteristics of the resource at Bonnie Claire. While some measurements were collected in the ...