Nevada Sunrise Gold has secured a drilling permit to explore lithium brines on the Neptune property in Clayton Valley, Nevada, US.
Following approval of ten exploration drill hole locations by the US Bureau of Land Management (BLM), Nevada Sunrise plans to drill three to four vertical holes in the initial phase.
Go deeper with GlobalData
Each hole would be drilled 400m to 500m deep into an interpreted sub-basin.
Nevada Sunrise proposes to start the Neptune drilling programme in February 2016.
The Neptune lithium property is located 55km south-west of Tonopah and comprises 316 unpatented 20-acre placer claims totalling about 2,557ha.
The company has acquired geophysical data collected in 2011 by a previous landholder, which has been interpreted to indicate that the property hosts a sub-basin up to 1,200m deep with the potential.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataNevada Sunrise has an option to earn a 100% interest in Neptune.
The company submitted an application to the BLM in November 2015 requesting a drilling permit to explore for lithium brines on its Neptune property.
A re-staking programme was carried out in October 2015 in the Clayton Valley, when Sunrise expanded the size of Neptune to 316 unpatented 20-acre placer claims.
Nevada Sunrise holds a 21% interest in a joint venture with Pilot Gold at Kinsley Mountain near Wendover, a 100% interest in the Golden Arrow project near Tonopah.
In addition, the company completely owns the Roulette gold property in south-eastern Carlin trend near Ely.
