Making Money on Lithium Stocks

Hybrid prospect generator Nevada Sunrise Metals (TSX-V: NEV)(OTC: NVSGF) — currently trading around C$0.22 per share — has engaged Mr. Willem Duyvesteyn, M.Sc., of Reno, Nevada, as a metallurgical consultant to its flagship, 100%-owned Gemini Lithium Project, Nevada.

The global EV megatrend is driving lithium demand to all-time highs.

Mr. Duyvesteyn — principal of Extractive Metallurgy Consultancy LLC and a former executive with BHP Minerals — is developing new processes for the extraction of lithium from sediments and brines in the Silver State. 

Nevada Sunrise Metals CEO Warren Stanyer — whom you’re about to hear from directly in our exclusive interview — commented via press release: 

“Nevada Sunrise welcomes Willem Duyvesteyn to our exploration and development team. His contribution to our understanding of lithium extraction methods will be vital to our future exploration success in Nevada.”

Nevada Sunrise has commenced a Phase-2 drill program at Gemini as a follow-up to Phase-1, which intersected significant lithium grades:

  • Hole GEM22-01 returned 327.7 milligrams per liter ("mg/L") lithium over 220 feet (67.07 meters) from 600 to 820 feet with a peak value of 519 mg/L lithium
  • Hole GEM22-02 returned an average of 116.28 mg/L lithium over 460 feet (140.24 meters) from 600 to 1,120 feet (201.22 to 341.46 meters) with a peak value of 286.0 mg/L lithium

Kicking off Phase-2 — slated for ~2,500 meters across up to 6 boreholes — the company is currently on drill hole GEM22-03, which is planned to reach a minimum depth of approximately 450 meters.

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 the two aforementioned holes from Phase-1. 

Vectoring in on a potential brine beneath the known lithium-bearing clay layers could be a total game-changer for the project’s overall development and future economics.

Gemini Lithium Project

As part of the Phase-2 program, the company will be submitting large clay samples to a lab specializing in extraction technologies, wherein Mr. Duyvesteyn’s vast expertise should play an ever-increasing role in determining next-steps in the overall approach at Gemini. 

Our own Gerardo Del Real of Junior Resource Monthly caught up with Nevada Sunrise Metals CEO Warren Stanyer for a detailed overview of the newly-commenced Phase-2 program at Gemini — one of only a handful of active lithium exploration/drilling projects in North America. Enjoy! 

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest