Metals Creek Options From Squid East Yukon to Golden Sky Minerals


2022 drilling program

Nevada Sunrise plans up to 3,500 feet (1,067 meters) of reverse circulation drilling on untested geophysical anomalies identified by ground gravity and electromagnetic surveys. The first hole in the 2020 program is GEM22-01, as shown in the figure below, which targets the largest conductive anomaly. The exploration objectives for the Gemini West target are twofold: to test conductive zones for lithium brines at depth and to analyze lithium in sediments, which has never been tested in the western Lida Valley. Drilling is expected to continue until the end of March 2022 .

About Gemini
Gemini consists of 119 unpatented placer claims totaling 2,380 acres (963 hectares) located in the western Lida Valley, Esmeralda County about 6 miles (10 kilometers) east of the town of Lida, Nevada . Nevada Sunrise has expanded the size of the project by staking 80 new unpatented claims in March 2022 . Gemini is located adjacent to the Gold Point Solar Power Area, a Bureau of Land Management land reserve reserved for solar and wind power generation projects until 2033. Drilling platforms and roads d are in place at Gemini with an active drill permit.

The Lida Valley is a flat and arid basin with a geological setting similar to the better known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has been in continuous operation since 1966. Exploration at Gemini is complemented by the company’s 80.09 ac/ft/yr water right, a condition prior to the exploration and development of lithium brine projects in Nevada . Under the laws of Nevada water cannot be pumped from an underground source without a valid water permit.

For more information on Gemini, including location maps and photos Click here

Qualified person
The scientific and technical information contained in this press release has been reviewed and approved by Robert M. Allender, Jr. CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Disclosure standards for mining projects .

About the Nevada Sunrise
Nevada Sunrise is a junior mining exploration company with a strong technical team based in Vancouver, BC , Canada which holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, United States .

The Company’s key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover, Nev. Mount Kinsley is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and 117,000 inferred ounces of gold grading an average of 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Kinsley Project Technical Report, Elko County, Nevada United States, dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin doctorate and Gary L. Simmons MMSA and filed under the issuer profile of New Placer Dome Gold Corp. on SEDAR ( ).

Nevada Sunrise has the right to acquire a 100% interest in the Coronado VMS project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company holds a 15% interest in the historic Lovelock Cobalt mine and Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, Nevada with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% interest.

Nevada Sunrise owns 100% interest in Gemini and Jackson wash lithium projects, both located in Esmeralda County, NV. The Company owns the Nevada Water Right, Permit 86863, located in the Lida Valley Basin near Lida, NV.

This press release may contain before research statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”. , “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “could”, “might” or “should” occur and include disclosure of activities planned exploration. Although the Company believes that the expectations expressed in this information forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Cheeky forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management as of the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

These factors include, among others, risks related to exploration plans for the Gemini Lithium 2022 project; reliance on technical information provided by third parties about any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future commodity prices; possible variations in grade or recovery rates; failure of equipment or processes to perform as intended; non-performance by contracting parties; labor disputes and other hazards of the mining industry; delays due to the pandemic; delays in obtaining governmental approvals, financing or in completing exploration, as well as the factors discussed in the section titled “Risk Factors” in the Company’s Management’s Discussion and Analysis for the quarter ended the 31st of December 2021, which is available under the Company’s SEDAR profile at .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events or results are not those anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in United States or for the account or benefit of any US Person.

SOURCENevada Sunrise Gold Corporation

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