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Nevada Sunrise drill program mobilization underway at Neptune lithium property in Clayton Valley, Nevada
Nevada Sunrise drill program mobilization underway at Neptune lithium property in Clayton ...
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"\n\n\n\nNevada Sunrise drill program mobilization underway at Neptune 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\n\n\n\n\n\nNevada Sunrise drill program mobilization underway at Neptune lithium property in Clayton Valley, Nevada\nCanada NewsWire\nVANCOUVER, March 2, 2016\n\n\n\n\n\n\nTSXV: NEV\n\n\n\nVANCOUVER, March 2, 2016 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) is pleased to announce it has commenced mobilization of a drilling program to explore for lithium brines on the Neptune property (\"Neptune\", or the \"Property\") located in the Clayton Valley of Nevada, USA.\n\nThe U.S. Bureau of Land Management has approved 10 exploration drill hole locations at Neptune, and Nevada Sunrise plans to drill up to three vertical holes to depths ranging from approximately 380 to 480 metres as an initial test of the interpreted Neptune sub-basin. A member of the Company's geological team is on site to supervise final preparations for the drilling program. Access roads and drill pads for the first two holes have been constructed in the past few days and a third site is under construction. Drilling is expected to begin on or about March 6, 2016. \n\nAbout NeptuneNeptune consists of 316 unpatented 20-acre placer claims totaling approximately 6,320 acres (2,557 hectares) and is located in an active area of lithium exploration and mining. The Silver Peak lithium mine operation, acquired by Albemarle Corporation (NYSE: ALB) in 2015, has extracted lithium minerals from brines continuously since 1966 and is located approximately 10 miles (15 kilometres) to the north of Neptune. Nevada Sunrise has an option to earn a 100% interest in Neptune, subject to a 3.0% gross overriding royalty (see Nevada Sunrise news release dated September 21, 2015 for further details of the Neptune option agreement).\n\nThe geologic setting within Clayton Valley with its thick sequence of clastic sediments and evaporate deposits is prospective for metal-enriched brines. Nevada Sunrise has acquired geophysical data collected ...