Another big lithium deposit in U.S.

Exceeded all expectations

Nevada Sunrise Metals has informed us that the preliminary evaluation of the Gemini lithium project has exceeded all expectations. Warren Stanyer, has stated: „We are very pleased that the maiden resource estimate has exceeded expectations,” He has added that: „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.”

Gemini lithium project

According to the company statement drilling at Gemini was based on targets selected from geological mapping and geophysical surveys that included a detailed gravity survey and two time-domain electromagnetic (“TDEM”) surveys. The drilling was completed in five RC holes totaling 2,234.18 meters in depth. The first ca of 615.85 meters, and the second ca of 1,618.49 meters. Drilling to date has tested only a small portion of the Project area which represents ca of 15%, of the area. The deposit remains open in all directions and at depth. The Inferred resource estimate comprises, in an open pit-constrained resource ca of 1.3 million tonnes of Lithium, or 7.1 million tonnes of lithium carbonate equivalent (“LCE”) contained within 1,200 million tonnes of lithium-mineralized clay at an average grade of approximately 1,130 parts per million (“ppm”) Lithium;

The Gemini Lithium Project (“Gemini”) consists of 280 unpatented lode claims totaling 2,266 hectares and located in the Lida Valley approximately 10 kilometres east of the town of Lida, Nevada.