VANCOUVER, BC, June 13,
2022 /CNW/ - Nevada Lithium Resources Inc.
(CSE: NVLH) (OTCQB: NVLHF)
(FSE: 87K) ("Nevada
Lithium" or the "Company") and its 50% partner in Bonnie
Claire, Iconic Minerals Ltd. (TSXV: ICM)
(OTC: BVTEF) (FSE: YQGB
) ("Iconic") are pleased to announce
that drilling of the Bonnie Claire Lithium Project (the "Project"
or "Property") has commenced.
Nevada Lithium CEO, Stephen
Rentschler, comments: "We are pleased to report that our
50% partner, Iconic, who is operator of our initial joint work
program, has advised us that drilling is now underway at Bonnie
Claire. This drilling is additive to the metallurgical and
geophysical work now advancing the Project. We firmly believe that
Bonnie Claire is one of the most attractive global lithium assets
remaining in junior developers' hands."
The drill program is anticipated to include five (5) holes
spaced approximately one-half mile apart, with a target end-of-hole
depth of 2,000 feet (610 meters) for each hole. Both, core, and
mud/rotary holes will be completed. Each drill hole will be logged
and chip/core samples sent to a qualified geochemical lab for
assaying. One mud/rotary drill hole will be preserved as a water
well and pumping tests conducted by our borehole mining
consultants, Barr Engineering Company of Minneapolis, Minnesota ("Barr"). Barr will
also collect core samples for extensive materials testing in
preparation for a borehole mining demonstration hole.
QP Disclosure
Darren L.
Smith, M.Sc., P. Geo., Vice President of Exploration of the
Company, and Qualified Person as defined by National Instrument
43-101, supervised the preparation of the technical information in
this news release.
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About Nevada Lithium Resources Inc.
Nevada Lithium
Resources Inc. is a mineral exploration and development company
focused on shareholder value creation through its core asset, the
Bonnie Claire Lithium Project, located in Nye County, Nevada, where it currently holds a
50% interest. A recently completed NI 43-101 Preliminary Economic
Assessment returned attractive investment metrics and the Company
is actively advancing the Project towards Pre-Feasibility. Learn
more: https://www.nvlithium.com/
ON BEHALF OF THE BOARD OF DIRECTORS:
Stephen Rentschler
CEO
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The CSE does not accept responsibility for the adequacy or
accuracy of this release.
Cautionary Statement
This news release contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation (collectively "forward-looking
statements"). The use of any of the word "will" and similar
expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. These forward-looking statements include, but are not
limited to, the proposed exploration program, development of the
Bonnie Claire Project, and advancement of the Bonnie Claire Project
to pre-feasibility. Actual results achieved may vary from the
information provided herein as a result of numerous known and
unknown risks and uncertainties and other factors. The Company
believes the expectations reflected in those forward-looking
statements are reasonable, but no assurance can be given that these
expectations will prove to be correct. The Company does not
undertake to update these forward-looking statements, except as
required by law.
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SOURCE Nevada Lithium Resources Inc