Nevada Lithium Resources Inc (NVLHF)

[INV4]

Nevada Lithium Intersects 3076 ppm Lithium over 1100ft (335 m) within 2219 ppm Lithium over 1740 ft (530 m), Significantly Extending High Grade Mineralization at the Bonnie Claire Lithium Project, Nevada

Press Release | 11/20/2023

VANCOUVER, British Columbia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Nevada Lithium Resources Inc. (CSE: NVLH; OTCQB: NVLHF; FSE: 87K) (“Nevada Lithium” or the “Company”) is pleased to provide the first core assay results for its initial diamond drill hole from the 2023 drill program at its 100% owned Bonnie Claire lithium project (the “Project” or “Bonnie Claire”), located in Nye County, Nevada. BC2301C was drilled to the geological basement, intersected at 2950 ft (899 m), and is the deepest hole drilled to date at Bonnie Claire.

Nevada Lithium’s CEO, Stephen Rentschler, comments: “2301C is the first drill hole within our Pre-Feasibility Study (PFS) resource upgrade area, and we are delighted with these assay results. Core Hole 2301C is the deepest hole drilled to date, returned amongst the highest grades intercepted on the project to date, and confirms the potential for additional high-grade mineralization. The extension of this core hole to basement, revealing significant lengths of additional continuous high grade mineralization, is an excellent example of the Company’s progress in quickly showing the potential for increased value at Bonnie Claire.”

He continued, “Optionality is one of the greatest assets of Bonnie Claire. We believe that our extensive land package and geology provide us with the opportunity to add to the remarkable value indicated by our Preliminary Economic Assessment of $1.5 Billion USD (ATAX 8%) using LCE prices of $13,400 tonne2. The wide intercepts of high grade mineralization reported today are tremendously encouraging and are only one part of our ambitious examination of Bonnie Claire. In addition to our core hole drilling program, our current sonic drilling field program is, among other things, assessing suitability of strata for open-pit mining methods. We are also expanding our understanding of the potential for lithium brines at Bonnie Claire with a seismic program, and we look forward to sharing our conclusions about all these initiatives with the market over the following months.”

More info here: https://www.otcmarkets.com/stock/NVLHF/news/Nevada-Lithium-Intersects-3076-ppm-Lithium-over-1100ft-335-m-within-2219-ppm-Lithium-over-1740-ft-530-m-Significantly-Ex?id=422086

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