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Nevada options Atlantis lithium property in Nevada
Nevada options Atlantis lithium property in Nevada Nevada options Atlantis lithium...
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"\n\n\n\nNevada options Atlantis lithium property in Nevada\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNevada options Atlantis lithium property in Nevada\nCanada NewsWire\nVANCOUVER, March 15, 2016\n\n\n\n\n\n\nTSXV: NEV\n\n\n\nVANCOUVER, March 15, 2016 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) is pleased to announce it has entered into an agreement with 1065604 BC Ltd., a private British Columbia company, for an option to earn an undivided 80% interest (the \"Transaction\") in the Atlantis lithium property (\"Atlantis\", or the \"Property\") located in the Fish Lake Valley in Esmeralda County, Nevada.  Atlantis is comprised of unpatented placer claims and placer association claims totaling 2,882 acres (1,166 hectares) located approximately 25 miles (38 kilometres) northwest of the Silver Peak lithium brine mine operated by Albemarle Corporation (ALB: NYSE), the only operating lithium mine in North America.\n\nThe Atlantis Transaction\n\nAtlantis is the subject of an option agreement between Nevada Sunrise and a Nevada-based property vendor (for further details, see Nevada Sunrise news release dated February 18, 2016). 1065604 BC Ltd. or its successor or assigns (the \"Optionee\") will have the option to earn an 80% interest in the Property from Nevada Sunrise, subject to a royalty in favour of the underlying property vendor, by making payments of cash and common shares to Nevada Sunrise, incurring exploration expenditures, and meeting certain other conditions, as follows:\n\n\nUS$48,000 cash on the closing date of the Transaction (being the date that is five business days after the receipt of consent of the underlying property owners for the Agreement, which has been received) for expenditures both paid and to be incurred by Nevada Sunrise;  \nCDN$100,000 cash on or before the date which is the later of 30 days from the closing date and the date on which the Optionee receives satisfactory evidence of the recording of claims newly-staked by Nevada Sunrise; \nIncurring exploration expenditures of not less tha...