Maiden Drilling Program At The Gemini Lithium Project

VANCOUVER - Nevada Sunrise Gold Corp. reported that the inaugural drilling program has commenced at the Gemini Lithium Project, located in the Lida Valley basin in Esmeralda County, Nevada. 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 of the 2020 program is GEM22-01, as shown in the figure below, which is targeting the largest conductive anomaly. The exploration objectives for the Gemini West target are twofold: testing the conductive zones for lithium brines at depth and analyzing for lithium-in-sediments, which has never been tested in the western Lida Valley. Drilling is anticipated to continue until the end of March 2022.

Gemini consists of 119 unpatented placer claims totaling 2,380 acres (963 hectares) located in the western Lida Valley, Esmeralda County, approximately 6 miles (10 kilometers) east of the town of Lida, Nevada. Nevada Sunrise expanded the size of the Project by staking 80 new unpatented claims in March 2022. Gemini is situated adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve set aside for solar and wind power generation projects until 2033. Drill pads and access roads are in place at Gemini with an active drilling permit.

The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada. Under the laws of Nevada, water cannot be pumped from a subterranean source without a valid water permit.