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Nevada Sunrise Gold Corp (NVSGF)

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Last Post: 11/1/2016 12:43:49 PM - Followers: 2 - Board type: Free - Posts Today: 0
SEPTEMBER 2, 2015, Vancouver, British Columbia - Nevada Sunrise Gold Corporation (“Nevada
Sunrise” or the “Company”) (TSXV: NEV) is pleased to announce it has entered into a letter agreement
for an option to purchase the Neptune property (“Neptune, or the “Property”) located in the Clayton
Valley, Esmeralda County, Nevada, USA.
Neptune (formerly known as the Clayton Deep property) is located approximately 37 miles (55
kilometres) southwest of Tonopah, Nevada in an active area of lithium exploration and mining. The
Silver Peak lithium mine, now owned by Albemarle Corporation, has extracted lithium minerals from
brines continuously since 1966, approximately 10 miles (15 kilometres) to the north of the Property.
Pure Energy Minerals Ltd. (“Pure Energy”, TSXV: PE), a Canadian-based exploration company, has
recently published a technical report on an inferred lithium resource for its Clayton Valley South project
located near the Silver Peak mine. Nevada Sunrise believes Neptune has the potential to host lithiumbearing
brines in subterranean aquifers beneath the Clayton Valley floor.
“Tesla Motors Inc.’s plan to manufacture lithium ion batteries at its Gigafactory in Reno has brought a
great deal of attention to the potential for lithium sources in Nevada,” said Warren Stanyer, President
and CEO of Nevada Sunrise. “With growing world demand for lithium, we believe lithium brine assets
can provide a strong complement to our Nevada gold exploration activities, and look forward to
advancing Neptune.”
For an option to earn up to a 100% interest in Neptune, Nevada Sunrise has agreed to pay the
following consideration to the vendors upon signing a definitive agreement (the “Agreement”) and on
subsequent anniversaries of the Agreement:
 On signing the Agreement: 200,000 common shares
 1st Anniversary: 300,000 common shares
 2nd Anniversary 500,000 common shares
Neptune consists of 39 unpatented association placer claims totaling approximately 3,120 acres (1,263
hectares). Under the terms of the letter agreement, Nevada Sunrise can specify which of the 39 claims
it wishes to option from the vendors. A 1.5 mile (2.25 kilometre) area of interest applies to the
The letter agreement is subject to certain conditions, including a 30-day due diligence period, approval
by the Board of Directors of the Company, and acceptance by the TSX Venture Exchange. Neptune is
subject to a 3.0% gross overriding royalty (“GOR”). On the 3
rd anniversary of the signing of a definitive
agreement, Nevada Sunrise would have the right to purchase 1.0% of the GOR for US$1,000,000.
Historical reports obtained by Nevada Sunrise indicate that geologic formations and structures exist at
Neptune that are similar to lithium-bearing brine deposit models present elsewhere in the Clayton
Valley. Ground gravity and controlled source audio-frequency magnetotellurics (“CSAMT”) surveys were

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carried out over Neptune in 2011. CSAMT is a geophysical survey method that measures ground
resistivity with considerable depth penetration and high lateral resolution suitable for the exploration of
fractured bedrock aquifers. Gravity surveys can outline basin depth and controlling structures. Brinerich
aquifers are expected to exhibit low resistivities and be stratiform in geometry, and the conductive
layer interpreted from the CSAMT in the Neptune basin fits these criteria. Drilling up to 3 vertical holes
between 400 to 500 metres deep into the interpreted basin and analyzing any groundwater
encountered is considered to be the next step for exploration at Neptune.
About Neptune and the Clayton Valley
Neptune is located in the southwest corner of the Clayton Valley flanked by the Silver Peak Mountains
to the west, the Palmetto Mountains to the south, and the Clayton Ridge and Montezuma Mountains to
the east. The Clayton Valley playa is characterized as an immature clastic salar, or salt flat. Other than
the 2011 geophysical surveys carried out by a previous operator, historical exploration for lithium
brines at Neptune is sparse. A large scale ground gravity survey by the United States Geological Service
(“USGS”) in 1980 outlined two gravity lows in the south end of the Clayton Valley – the “South Central
Low” underlies land controlled by Pure Energy, and the “Southwest Low” underlies Neptune. (Source:
from R. M. Allender, Jr., “Technical Report on the Clayton Deep Lithium Brine Project, Clayton Valley,
Esmeralda County, Nevada, USA”, 2011).
In 2013, the USGS released a paper describing the Clayton Valley’s potential to host lithium deposits
based on the hypothesis that lithium is liberated by weathering of host rocks or derived from
hydrothermal fluids from a variety of rock sources within a closed basin. The floor of Clayton Valley has
an area of about 100 square kilometers and a catchment of about 1,400 square kilometres, and is the
topographically lowest of at least five adjacent basins that are hydrologically linked by groundwater
flow (Zampirro, 2004). It is the combined area of all five linked catchments that matters, making the
effective area of the Clayton Valley lithium-brine system much larger than the footprint of the Clayton
Valley proper (Source: from USGS Open File 13-1006, 2013).
John R. Kerr, P. Eng., is the Company's designated Qualified Person for this news release within the
meaning of National Instrument 43-101 and has reviewed and approved the technical information
contained in this news release.
For further information on Neptune including a map showing its location, see “Projects – Neptune
Lithium” at:
About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in
Vancouver, BC, Canada, that holds interests in three exploration projects in Nevada, USA. Our three
key gold assets include a 21% interest in a joint venture with Pilot Gold Inc. at Kinsley Mountain near
Wendover, a 100% interest in the Golden Arrow project near Tonopah, and a 100% interest in the
Roulette gold property (formerly known as the Grulla property) in the southeastern Carlin trend near
Ely, Nevada, with each of the properties subject to certain production royalties.
Warren Stanyer, President and Chief Executive Officer
Telephone: (604) 428-8028 Facsimile: (604) 484-7143
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#3   Is somebody pumping this? It's up over 15% proteinspike 11/01/16 12:43:49 PM
#2   Vancouver, British Columbia, August 29, 2016 – Advantage proteinspike 08/31/16 02:59:01 AM
#1   NVSGF bullish 0.2502 stocktrademan 08/30/16 12:05:20 PM