Aug 5 2016
Nevada Energy Metals Inc. "the Company" (Frankfurt: A2AFBV) is pleased to announce that a sampling program designed to test for lithium values in surface soils and/or playa evaporates has been initiated at the Company's 100% owned Big Smokey Valley (North) project. Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines. It is expected that 170 sample points will be measured. Results should be available in approximately 3 weeks.
About the Big Smokey Valley (BSV) Lithium Project:
The BSV Lithium Project consists of 160 placer claims, 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada, 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley. The northern section, where the claim area is located, contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs. Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.
Historical gravity survey results indicate the depth of valley fill to be approximately 5,100 feet and that there is subsurface closure of the valley a short distance to the south of the claim block. The basin is fed by anomalous lithium bearing geothermal fluids interpreted to be meteoric waters heated by relatively deep circulation in the earth's crust.
Historical sediment sampling results for lithium in the basin were reported in the range of 130 to 155 ppm lithium for 4 samples (J.R. Davis, U.S. Geological Survey, Denver, Co.)
Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.
Source: https://nevadaenergymetals.com/