Vancouver, British Columbia – June 13, 2022 – Nevada Lithium Resources Inc. (CSE: NVLH; OTCQB: NVLHF; FSE: 87K) (“Nevada Lithium” or the “Company”) and its 50% partner in Bonnie Claire, Iconic Minerals Ltd. (TSX-V: ICM; OTCQB: BVTEF; FSE: YQGB) (“Iconic”) are pleased to announce that drilling of the Bonnie Claire Lithium Project (the “Project” or “Property”) has commenced.
Nevada Lithium CEO, Stephen Rentschler, comments: “We are pleased to report that our 50% partner, Iconic, who is operator of our initial joint work program, has advised us that drilling is now underway at Bonnie Claire. This drilling is additive to the metallurgical and geophysical work now advancing the Project. We firmly believe that Bonnie Claire is one of the most attractive global lithium assets remaining in junior developers’ hands.”
The drill program is anticipated to include five (5) holes spaced approximately one-half mile apart, with a target end-of-hole depth of 2,000 feet (610 meters) for each hole. Both, core, and mud/rotary holes will be completed. Each drill hole will be logged and chip/core samples sent to a qualified geochemical lab for assaying. One mud/rotary drill hole will be preserved as a water well and pumping tests conducted by our borehole mining consultants, Barr Engineering Company of Minneapolis, Minnesota (“Barr”). Barr will also collect core samples for extensive materials testing in preparation for a borehole mining demonstration hole.
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration of the Company, and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
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About Nevada Lithium Resources Inc.
Nevada Lithium Resources Inc. is a mineral exploration and development company focused on shareholder value creation through its core asset, the Bonnie Claire Lithium Project, located in Nye County, Nevada, where it currently holds a 50% interest. A recently completed NI 43-101 Preliminary Economic Assessment returned attractive investment metrics and the Company is actively advancing the Project towards Pre- Feasibility. Learn more: https://www.nvlithium.com/
On behalf of the Board of Directors of Nevada Lithium Resources Inc.
Stephen Rentschler, CEO
For further information, please contact:
Nevada Lithium Resources Inc.
CEO and Director
Phone: (604) 900 3341
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