Nevada Lithium Hits 207 Metres Of 4,154 ppm Lithium

Nevada Lithium Resources (CSE: NVLH) is seeing massive success in its 2023 drill program, which was conducted at the Bonnie Clair lithium project in Nevada. The company has again intersected a long interval of strong lithium mineralization at the project.

Results released this morning consist of assays from the second drill hole, which intersected the following:

  • BC2303C: 967 ppm lithium over 128 metres, from a depth of 6 metres, including 1,282 ppm lithium over 73 metres
  • BC2303C: 2,575 ppm lithium over 439 metres from a depth of 323 metres, including 4,154 ppm lithium over 207 metres

The hole was a step out 460 metres to the northeast of BC2301C, which notably intersected highlight results of 3,076 ppm lithium over 335 metres from a depth of 415 metres. Five holes drilled by Nevada Lithium have now intersected this high grade zone, with much of the high grade zone not being included within the current resource estimate for the project.

The newly discovered zone is said to remain open in several directions, with the current model suggesting that the zone will increase in size with further drilling. Results released today suggest that mineralization becomes higher grade to the north and east.

“We have confirmed a +3,000 ppm, and now +4,000 ppm, high-grade mineralized zone that appears to increase in thickness as we move to the east, and the mineralized zone remains open in several directions. .. The potential for positive impact on the PFS indicates that re-analysis of the 2024 workplan is required to maximize the benefit of this latest set of assays. The Project’s PFS resource upgrade drilling locations and depths, previously adjusted to accommodate the discovery of high-grade mineralization, may need to be adjusted once again,” commented CEO Stephen Rentschler.

Nevada Lithium Resources last traded at $0.14 on the CSE.

Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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