Nevada Energy Metals Initiates Phase One Lithium Exploration At Teels Marsh West
March 29, 2016 (Source) — Nevada Energy Metals Inc. (“the Company”) (TSX-V: BFF) (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that an initial near surface exploration program on our 100% owned Teels Marsh West claims which covers approximately 810 hectares (2000 acres) in Mineral County, Nevada will commence next week.
Lithium concentrations of up to 850 ppm have been reported from earlier sampling programs conducted by the US Geological Survey (OFR: 76-567) at Teels Marsh.
This initial phase of the lithium detection sampling will consist of 20 shallow auger holes. This drill program is designed to collect fluid and sediment samples in close proximity to a recently discovered thermal area located on and adjacent to a range front fault system along the west side of Teels Marsh. This thermal anomaly was discovered during research into the relationship between geothermal systems and Quaternary borate deposits previously mined at Teels Marsh (Coolbaugh et al. 2006). Close proximity to a geothermal heat source is believed to be one of the principal requirements for concentrating lithium in the brines at Clayton Valley, home to the first commercial lithium brine operation in North America.
About Nevada Energy Metals: http://nevadaenergymetals.com/
Nevada Energy Metals Inc. is a Canadian Based exploration and development company who’s primary listing is on the TSX Venture Exchange. The Company’s main focuses are brine based lithium exploration targets located in the mining friendly state of Nevada. As of the 13th of January the Company has completed a $900,000 CAD secondary funding to carry out an exploration program on the area known as Alkali Lake and Alkali Flats. This lithium target is located in Esmeralda County, Nevada, just 12km from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals must complete a one-time payment of shares, cash payments over three years and complete certain exploration milestones for a 60% earn-in agreement with Dajin Resources Corp. Nevada Energy Metals has acquired, by staking, 100 placer claims covering 200 acres (80.9 hectares) at Teels Marsh, Nevada. The property, called Teels Marsh West is a highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond. On March 23 2016 the Company announced the addition of the San Emidio Dessert lithium property, which is Nevada Energy Metals third perspective lithium brine project in its project portfolio. The Company has begun its first exploration program with the initiation of a 20 hole shallow auger program on Teels Marsh West and the results will be forthcoming.
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The technical content of this news release has been reviewed and approved by
Ali Alizadeh, MSc P.Geo, MBA, a director of the Company and a Qualified Person under the provisions of National Instrument 43-101.
On Behalf of the Board of Directors
Harry Barr Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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