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Nevada Sunrise and Advantage Lithium Acquire Triton Lithium Property in Clayton Valley, Nevada
Nevada Sunrise and Advantage Lithium Acquire Triton Lithium Property in Clayton Valley, Ne...
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"\n\n\n\nNevada Sunrise and Advantage Lithium Acquire Triton Lithium Property in Clayton Valley, 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 7, 2017\n\n\n\nTSXV: NEV\n\n\n\nVANCOUVER, June 7, 2017 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) and Advantage Lithium Corp. (\"Advantage\") (TSXV: AAL) are pleased to announce the acquisition of a 100% interest in the Triton lithium property (\"Triton\", or the \"Property\"), located in the northern Clayton Valley in Esmeralda County, Nevada, close to the town of Silver Peak. \n\n\n \n \n\n \nUnder mutual agreement with the vendor, the acquisition of Triton is subject to an area of interest clause contained within the property agreement for the Clayton Northeast Project, currently owned 51% by Advantage and 49% by Nevada Sunrise, located approximately 5 kilometres to the northeast (for details of the terms of the Clayton Northeast underlying property agreement see Nevada Sunrise news release dated December 10, 2015, and for details of the Advantage option agreement for five Nevada lithium properties, including Clayton Northeast, see Nevada Sunrise news release dated June 20, 2016). Advantage can increase its ownership interest in Triton and Clayton Northeast to 70% by continuing to fund property exploration and tenure costs. To date, Advantage has funded over CAD$2.0 million of its CAD$3.0 million earn-in commitment.\n\n\"The acquisition of Triton adds a very strategic property to our portfolio of Clayton Valley projects,\" said Warren Stanyer, President and CEO of Nevada Sunrise. \"We believe that Triton lies in a highly-prospective area for lithium brines at the edge of North America's only producing lithium mine.\" \n\nAbout the Triton Lithium PropertyTriton consists of 19 unpatented claims totaling approximately 380 acres (154 hectares) and is contiguous to the Silver Peak lithium brine mine operated by Albemarle Corporation (\"Albemarle\") (ALB: NYSE), and to the lithium brine exploration property kn...