Getting in on Early-Stage Lithium Stocks

Hybrid prospect generator Nevada Sunrise Metals (TSX-V: NEV)(OTC: NVSGF) — currently trading around C$0.23 per share — has intersected 929.8 ppm lithium over 1,130 feet at its flagship, 100%-owned Gemini Lithium Project, Nevada.

The latest results are from drill hole GEM22-03, which is part of an ongoing Phase 2 program that will see a total of approximately 8,000 feet of drilling across 6 bore holes. Drill hole GEM22-04 is in progress and has reached a depth of 1,920 feet.

2023 is the year of lithium. EVs are driving demand.

Last year’s drilling at Gemini confirmed a new discovery of lithium-bearing sediments — as well as a potential lithium-bearing brine — in the western Lida Valley, which has not been systematically drill-tested for lithium mineralization. 

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The ongoing Phase 2 program is focused on deeper drilling in the southern part of the Gemini prospect with the aim of intersecting wide intervals of lithium-bearing sediments and locating higher concentrations of lithium-in-water (potential brine) coincident with significant groundwater flow rates.

Hole GEM22-03 was drilled approximately half a mile north of GEM22-01 and more than a mile north of GEM22-02, thereby successfully extending the lithium mineralized zone to the north (as detailed in the property map below).

The ongoing Phase 2 program is focused on deeper drilling in the southern part of the Gemini prospect.

In addition to lithium in clays, the Nevada Sunrise team is focused on the potential for significant lithium concentrations in groundwater flows at Gemini as proof of a viable lithium brine at Gemini could be a bona fide game changer for the project. 

To-date, all three completed holes from Phase 2 have intersected lithium concentrations in groundwater. 

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Bore hole GEM22-03 returned two significant flow intervals: 120 milligrams per liter lithium (mg/L) from 1,100 to 1,120 feet and 110 mg/L from 1,200 to 1,220 feet. Bore hole GEM22-04, which is nearing its target depth, will also be tested for lithium concentrations in both sediments and groundwater. 

Next steps at Gemini include completing hole GEM22-04, delineating the location of the basement structure, and potentially following that up with some geophysical testing and gravity surveys.
Our own Gerardo Del Real of Junior Resource Monthly caught up with Nevada Sunrise Metals CEO Warren Stanyer to go over the newly released drill results and the systematic approach being deployed at Gemini to unlock the full potential of the project.


Mike Fagan

Mike Fagan
Editor, Resource Stock Digest