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8/31/2016 Member News
Nevada Energy starts surface sampling at Black Rock

Nevada Energy starts surface sampling at Black Rock

2016-08-29 09:28 ET - News Release

Mr. Rick Wilson reports

NEVADA ENERGY METALS LITHIUM EXPLORATION PROGRAM UNDERWAY AT BLACK ROCK DESERT, NEVADA

Nevada Energy Metals Inc. has initiated a surface sampling program designed to test for lithium values in playa evaporates at the company's 100-per-cent-owned Black Rock Desert project. Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 metres apart with stations every 200 m along the lines. It is expected that 170 sample points will be measured. Results should be available in approximately three weeks.

The Black Rock Desert lithium project consists of 128 placer claims (2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe county, Nevada. The nearest population centre is the town of Gerlach, which lies 177 kilometres north of Reno.

The western arm of the Black Rock Desert covers an area of about 2,000 square kilometres and contains five of the 30 currently listed known geothermal resource areas in Nevada. The property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys indicating a maximum thickness of valley-fill deposits of about 1,200 metres/3,600 feet. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous lithium values (up to 3.5 parts per million) that flank the property on the west side (U.S. Geological Survey open-file report 81-918). While these lithium values are well below those of producing lithium bines, they do represent a significant source of metal available for evaporative concentration within the playa basin.

The company plans to carry out additional exploration programs this fall to determine the potential for an economic lithium brine deposit. Future exploration will consist of shallow auger sampling followed by a high-resolution geophysical program to define potential drill targets.

Nevada Energy Metals has acquired a 100-per-cent interest in the property, free of royalty payments.

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The technical content of this news release has been reviewed and approved by Alan Morris, CPG, Elko, Nev.

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