Issue link: http://resourceworld.uberflip.com/i/783264
24 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 7 S ince their IPO in September of 2008, Nevada Sunrise Gold Corp. [NEV-TSXV] has evolved into a two commodity com- pany with a substantial portfolio of exploration properties for both gold and lithium. Nevada Sunrise's portfolio includes some of the most promising gold exploration properties in the state of Nevada; Kinsley Mountain, Golden Arrow and the recently acquired Roulette. The company also holds five separate lithium properties, all in close proximity to Albemarle Corp.'s [ALB-NYSE] Silver-Peak Mine in Clayton Valley, Nevada, the only lithium producing mine in North America. They are also situated close to Tesla's [TSLA- NASDAQ] Gigafactory where Tesla plans to build enough lithium ion batteries to supply their projected 500,000 cars per year demand. Most recently, Nevada Sunrise has been focused on its Clayton Northeast lithium property that runs alongside the Silver Peak Mine. On November 1, 2016, the company announced that they had intersected lithium-bearing brines at a depth between 169 and 366 metres in their first borehole. With drilling still in prog - ress, grab samples taken within the aquifer zones were rushed to the lab returning an average 209.0 parts per million lithium (ppm) in three of the five samples confirming the prospectivity of the Clayton Northeast property. A month later on December 5, the company announced a sec - ond hole had exceeded their expectations with higher average lithium content and stronger flow rate. Located over 3 km from the first drill hole, Hole CNE-16-02 had intersected multiple aquifer formations, including 188.9 metres of brine-producing strata averaging 164.2 ppm lithium from a depth of 207.3 to 396.2 metres, including a higher grade interval averaging 202.8 ppm lithium over 109.7 metres comparable to intersections from Albemarle's neighboring mine. Nevada Sunrise announced they were three for three on December 21 with the best hole to date. Hole CNE-16-03, drilled to a total depth of 591.3 metres, intersected multiple aquifer formations, including 387.69 metres of brine-producing strata averaging 243.66 milligrams per litre (mg/l) lithium from a depth of 209.23 to 596.92 metres, including a higher grade interval averaging 299.5 mg/l lithium over 36.92 metres. This is one of the deepest holes drilled in the Clayton Valley indicating the pos - sibility of a previously-untapped aquifer system. Important for economic production, are the high brine flows from hole CNE-16- 03 of up to 100 gallons per minute that carry significant lithium concentrations. With a 100% drilling success rate and a 3.43-km mineralized brine trend, Nevada Sunrise has more drilling planned with three more holes already permitted to help the company build towards the next lithium resource in Nevada. Nevada Sunrise also owns a 100% interest in Golden Arrow, its flagship gold exploration property and the company's qualify - ing project for its Initial Public Offering in 2008. Golden Arrow is situated along the northeastern margin of the Walker Lane trend in Nevada where more than 30 million ounces of gold and 400 million ounces of silver have been reported as either mined or in current reserves. Golden Arrow itself has a NI 43-101 compli - ant measured and indicated resource of 296,500 ounces of gold and 4,008,000 ounces of silver contained in 12,172,000 tonnes at an average grade of 0.024 oz/ton gold and 0.33 oz/ton silver and a calculated inferred resource contained in 3,790,000 tonnes of 50,400 ounces gold at an average grade of 0.013 oz/ton and 1,249,000 ounces of silver at an average grade of 0.33 oz/ton. Insights & Investments by Barry Muir Nevada Sunrise Gold Nevada lithium and gold projects looking good Nevada Sunrise Gold's Clayton Valley NE drill hole CNE-16-01 set up in southwestern Nevada. Photo courtesy Nevada Sunrise Gold Corp.