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SSMLF Stock Nevada Energy Metals Announces Encouraging Lithium

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overlordpeter   Thursday, 09/01/16 05:51:02 AM
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SSMLF Stock Nevada Energy Metals Announces Encouraging Lithium Results from Big Smokey Valley, Nevada

VANCOUVER, British Columbia, Aug. 31, 2016 /PRNewswire/ -- Nevada Energy Metals Inc. "the Company" (TSX-V: BFF; OTCQB: SSMLF; Frankfurt: A2AFBV) ) is pleased to announce encouraging results have been received from the latest sampling program at the Company's 100% owned Big Smokey Valley (North) project. The geochemical sampling program was designed to test for lithium values in surface soils and/or playa evaporates. Samples were obtained on a grid pattern consisting of eleven east/west lines spaced 400 meters apart with stations every 200 meters along the lines. The grid covered an area of approximately 3,000 acres.

Of the 170 sample points analyzed 150 reported Lithium values greater than or equal to 100 ppm with the highest value being 146 ppm Lithium (the median value being 116 ppm); 20 samples points were in the 53 ppm to 99 ppm range.

Lithium Results from Big Smokey Valley, Nevada
Lithium Results from Big Smokey Valley, Nevada
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Photo - http://photos.prnewswire.com/prnh/20160831/402956-INFO

Rick Wilson, President an CEO stated "Obtaining a statistically large number of anomalous Lithium values across our large 3,200 acre/1,295-hectare property is highly encouraging. We look forward to announcing the next phase of work shortly".

About the BSV Lithium Project: https://nevadaenergymetals.com/bsv-lithium-project/

The BSV Lithium Project consists of 160 placer claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada, 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley. The northern section, where the claims area is located contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs.

Gravity survey results indicate the depth of valley fill to be approximately 5,100 feet and that there is subsurface closure of the valley a short distance to the south of the claim block. The basin is fed by anomalous lithium bearing geothermal fluids interpreted to be meteoric waters heated by relatively deep circulation in the earth's crust.

Historical sediment sampling results for lithium in the basin were reported in the range of 130 to 155 ppm lithium for 4 samples (J.R. Davis, U.S. Geological Survey, Denver, Co.)

Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.

About Nevada Energy Metals: http://nevadaenergymetals.com/

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