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Nevada Energy Metals Inc
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Nevada Energy starts sampling program at BSV North

2016-08-04 10:50 ET - News Release

Mr. Rick Wilson reports

NEVADA ENERGY METALS STARTS LITHIUM EXPLORATION SURVEY AT BIG SMOKEY VALLEY (NORTH), NEVADA

A sampling program designed to test for lithium values in surface soils and/or playa evaporates has been initiated at Nevada Energy Metals Inc.'s 100-per-cent-owned Big Smokey Valley (BSV) (North) project. Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 metres apart with stations every 200 metres along the lines. It is expected that 170 sample points will be measured. Results should be available in approximately three weeks.

About the Big Smokey Valley 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-per-cent 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 parts per million to 155 parts per million lithium for four samples (J.R. Davis, United States Geological Survey, Denver, Colo.).

Qualified person

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

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