Nevada Sunrise Metals (TSXV:NEV) President and CEO Warren Stanyer is optimistic about the resource potential of the company’s 100 percent owned Gemini lithium project in Esmeralda County, Nevada, as its drilling program continues to intercept “exceptionally good lithium grades.”
“I don’t usually say I’m excited … but I will say that I’m excited. And I think about it all the time, how this thing could develop and what it could develop into. We don’t know how big it is yet. But we know the grades are there. And it’s a softer clay. So it’s possible that this deposit could be mined with a lower work index, it could even be mined in situ,” Stanyer said.
The latest geochemical analyses for lithium mineralization in sediment and groundwater samples collected from the first 1,500 feet of borehole GEM23-04 at the Gemini project show 1,321.76 parts per million (ppm) lithium-in-sediment over 990 feet from 510 feet to 1,500 feet, including 3,556.82 ppm lithium over 110 feet and 4,329.6 ppm lithium over 30 feet.
“I think the volume that we have could be very, very large. But we have to prove that — we have to keep drilling holes (and) create a resource estimate from the information that we gather. So it’s just going to be a process that will take a year or more. But for the first year, I think we’ve done incredibly well,” Stanyer said.
Watch the full interview with Warren Stanyer, CEO and president of Nevada Sunrise Metals, above.
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