Categories: Precious Metals
Topics: Gold Stocks

Investing in Gold & Lithium Stocks in 2023

Hybrid prospect generator Nevada Sunrise Metals (TSX-V: NEV)(OTC: NVSGF) — currently trading around C$0.10 per share — has announced that its joint venture partner, Copaur Minerals (TSX-V: CPAU)(OTC: COPAF), has finalized drill plans for the Kinsley Mountain high-grade gold project in northeastern Nevada.

NEV currently has a 20% interest in the Kinsley project with Copaur holding the other 80%. 

The project boasts current Indicated resources of 418,000 ounces at a grade of 2.63 grams per tonne (g/t) gold and Inferred resources of 117,000 ounces averaging 1.51 g/t gold.

Gold and Lithium all in Nevada, USA.

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2020 drilling produced highlight intercepts of:

  • 15.1 g/t gold over 7.6 meters and 10.2 g/t gold over 6.1 meters at the Western Flank Zone (WFZ)
  • 9.83 g/t gold over 7.6 meters at Main Pit North
  • 1.77 g/t gold over 25.3 meters at Secret Spot  

The upcoming 2023 program is slated for ~3,000 meters of RC and diamond drilling at the past-producing resource stage project with a focus on:

  • Resource infill drilling at the high-grade WFZ
  • Resource expansion drilling at the Main Pit North and Secret Spot targets
  • Testing of a new IP anomaly in between WFZ and the Upper Ridge Pit area

Nevada Sunrise upcoming 2023 program is slated for ~3,000 meters of RC and diamond drilling.

Copaur Minerals CEO Jeremy Yaseniuk commented via press release: 

“The last drill program completed in 2020 yielded new surface oxide gold discoveries at Secret Spot and some of the highest-grade near-surface oxide gold ever intersected on the project at Main Pit North, located only 75 meters outside our current resource pit shell. These have never been followed up on until now. Through execution of our planned 2023 drilling, we see a path forward to the expansion of near surface oxide gold resources, the potential for new near-mine discoveries through the testing of IP geophysical anomalies, and continued demonstration of the quality of our high-grade gold Western Flank Zone gold resource via targeted infill drilling.”

Copaur Minerals, as operator, is funding the exploration and drilling, which is a hallmark of the prospect generator model. 

Additionally, Nevada Sunrise is in the midst of a Phase-2 drill program at its flagship, 100%-owned Gemini Lithium Project located in Nevada’s underexplored Lida Valley. 

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The program is focused on deeper drilling to test the extent and continuity of wide zones of lithium-bearing clays and water (potential brine) as a follow-up to Phase-1. 

To date, Nevada Sunrise has intersected significant intervals of lithium mineralization both in sediments and groundwater in all four holes completed since the start of drilling. 

The NEV team believes the southern and western parts of the Gemini basin could host higher concentrations of lithium and that further drilling could eventually define a large lithium resource.

Next steps include tightening up the drill spacing in the current focus area, which should open things up for additional drilling outside of the known zones of mineralization in later drill rounds. 

As a hybrid prospect generator, Nevada Sunrise boasts multiple shots-on-goal for discovery and resource expansion by way of the drill across multiple commodities in the mineral-rich state of Nevada. As always, we’ll keep you posted as drilling updates and assays are released.

Interested speculators seeking additional information may also contact Nevada Sunrise Metals’ IR department directly at 604-428-8028 or via email at info@nevadasunrise.ca.

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest