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Nevada Lithium Resources Inc. – Further High Grades of Lithium Returned in Drill Core at the Bonnie Claire Lithium Project, Nevada

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Nevada Lithium Resources Inc. – Further High Grades of Lithium Returned in Drill Core at the Bonnie Claire Lithium Project, Nevada


VANCOUVER, BC, Dec. 7, 2022 /PRNewswire/ – Nevada Lithium Assets Inc. (CSE: NVLH) (OTCQB: NVLHF) (FSE: 87K) (“Nevada Lithium” or the “Firm“) and its 50% accomplice within the Bonnie Claire Lithium Undertaking (the ‘Undertaking’ or ‘Property’), Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: BVTEF) (FSE: YQGB) (“Iconic“), are happy to supply an replace on their drill program on the Property, situated in Nye County, Nevada.

As of November 30th, 2022, a complete of 9,880 ft (3,011 m) has been accomplished over one (1) mud rotary drill gap and 4 (4) core drill holes. Core pattern assays are introduced herein for a further core gap accomplished at Bonnie Claire – BC2203C – with preliminary1 outcomes offered in Desk 1.

The lithium grades of the BC2203C core gap have a really comparable grade-depth profile as that of the beforehand reported core gap BC2201C, situated roughly 0.5 miles away (see information launch dated September 29th, 2022, in addition to Determine 1). Each drill holes show a powerful lithium grade near-surface (~900 – 1,100 ppm Li) to a depth of roughly 400 ft to 450 ft, and a lower-grade central part adopted by a high-grade backside half of the drill gap the place lithium grade will increase with rising depth via to the end-of-hole at 2,000 ft (~2,100 ppm Li)1.

Nevada Lithium CEO, Stephen Rentschler, commented: “The core drilling this 12 months at Bonnie Claire continues to show that prime grades of lithium are current, each close to floor and at depth. We stay up for the subsequent set of outcomes from our 50% accomplice, Iconic Minerals.”

High quality Assurance / High quality Management (QAQC)

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A High quality Assurance / High quality Management protocol was applied for this system by the Operator, Iconic Minerals, and included insertion of quartz blanks and requirements into pattern batches. Drill gap BC2203C was sampled from high to backside with samples shipped to ALS USA Inc. in Reno, Nevada, for geochemical evaluation.

As soon as obtained, samples have been weighted, crushed to 70% passing -2 mm, riffle cut up to 250 g, and pulverized to 85% passing -75 micron forward of research. Evaluation was accomplished by ICP-MS following an aqua regia digestion (package deal ME-MS41 Extremely Traces Aqua Regia ICP-MS).

  1. The Firm notes that it has relied on the inner QAQC of ALS laboratory in Reno, Nevada, for the outcomes reported herein, and that the Undertaking Operator has submitted test assays to a secondary lab to reaffirm. Due to this fact, outcomes offered herein needs to be seen as preliminary in nature.

QP Disclosure

Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration of the Firm, and Certified Individual as outlined by Nationwide Instrument 43-101, supervised the preparation of the technical data on this information launch.

Bonnie Claire Property

The Bonnie Claire Property is situated inside Sarcobatus Valley, which is roughly 30 km (19 miles) lengthy and 20 km (12 miles) extensive. Quartz-rich volcanic tuffs containing anomalous quantities of lithium happen inside and adjoining to the valley.  Drill outcomes from the salt flat embody 2,054 ppm Li over  67.1 m (220 ft) in drill gap BC-1601 in addition to a 475 m (1560 ft) vertical intercept that averaged 1153 ppm Li. Bonnie Claire is one the most important lithium sources in North America with a present NI 43-101 inferred mineral useful resource 3,407 million tonnes (Mt) grading 1,013 ppm Li for 18,372 million kilograms of contained lithium carbonate equal, at a cut-off grade of 700 ppm Li. Mineral sources should not mineral reserves as they don’t have demonstrated financial viability.

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The gravity low that characterizes the valley is roughly 20 km (12 miles) lengthy, and the present estimates of depth to basement rocks vary from 600 to 1,200 meters (2,000 to 4,000 toes).  The present declare block covers an space of 74 km2 (28.6 mi2) with potential for brine techniques and additional sediment sources.

About Nevada Lithium Assets Inc.

Nevada Lithium Assets Inc. is a mineral exploration and improvement firm centered on shareholder worth creation via its core asset, the Bonnie Claire Lithium Undertaking, situated in Nye County, Nevada, the place it presently holds a 50% curiosity. A lately accomplished NI 43-101 Preliminary Financial Evaluation returned engaging funding metrics and the Firm is actively advancing the Undertaking in the direction of Prefeasibility. Be taught extra: https://www.nvlithium.com/

ON BEHALF OF THE BOARD OF DIRECTORS:

Stephen Rentschler
CEO

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Discover Nevada Lithium on Social Media: on Instagram and Twitter 

The CSE doesn’t settle for duty for the adequacy or accuracy of this launch.

Cautionary Assertion

This information launch accommodates sure forward-looking data and forward-looking statements throughout the which means of relevant securities laws (collectively “forward-looking statements”). The usage of any of the phrase “will” and comparable expressions are meant to establish forward-looking statements. These statements contain recognized and unknown dangers, uncertainties and different elements that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. These forward-looking statements embody, however should not restricted to, the proposed exploration program, improvement of the Bonnie Claire Undertaking, and development of the Bonnie Claire Undertaking to pre-feasibility. Precise outcomes achieved might fluctuate from the knowledge offered herein on account of quite a few recognized and unknown dangers and uncertainties and different elements. The Firm believes the expectations mirrored in these forward-looking statements are cheap, however no assurance might be provided that these expectations will show to be right. The Firm doesn’t undertake to replace these forward-looking statements, besides as required by regulation.

SOURCE Nevada Lithium Assets Inc

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Nevada

Intensity ramping up at Nevada Wolf Pack fall camp

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Intensity ramping up at Nevada Wolf Pack fall camp


RENO, Nev. (KOLO) – Two weeks into fall football camp and Wolf Pack Head Coach Jeff Choate is preparing for the team’s first scrimmage of this session.

So far the staff has been expanding the playbook while players work to carve out roles.

“Let’s find out who can play,” Choate said. “You try to simulate a game and often that anxiety levels are going to increase, who can operate with a little more stress, and who is going to make plays. That’s what you’re looking for. These are the guys we feel like we can build our offense and our defense and our kicking game around so let’s start to modify that.”

Charles Brown has proved enough during fall camp as a slot receiver to earn a role there. He comes from Texas State where he helped the Bobcats improve by four wins from 2022 to 2023.

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“We went from not the best season we were looking for to turning that thing around to be 8-5 and all it takes is support from the fans and courage from the whole team and being strong about that knowing that we’re going out there no matter who we’re playing we are going to get it done,” Brown said.

The offensive line needs to be better if Nevada wants more than its two-win season average it’s had the last two years.

Tyson Ruffins is holding his position group accountable.

“The main message is to just push forward the team in general,” Ruffins said of his fellow offensive linemen. “We’re like the backbone of the team or that’s at least how we feel. We just want to put one step in front of the other. Every day just keep on getting better. If we keep doing that then everything will fall into place.”

Choate calls next week the most important. He’ll know who will play without limitations, who can contribute in certain packages, and who still needs to make strides in practice for a more increased role down the road.

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Third inmate killed in Nevada prison fight identified by police

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Third inmate killed in Nevada prison fight identified by police


LAS VEGAS, Nev. (FOX5) – The third prisoner killed in a Nevada prison fight has been officially identified by police.

On Tuesday, the White Pine County Sheriff’s Office received reports of a prison fight that broke out at Ely State Prison around 9:41 a.m.

Officers have now identified the victim as Anthony Williams, 41. He was serving a life sentence for murder.

The two other victims were identified Wednesday as Zackaria Luz, 43, and Connor Brown, 22.

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Officers confirmed that all three died of sharp force injuries.

While details of the fight were not immediately available, nine inmates would be transported to a nearby medical facility for treatment following the fight.

Gov. Lombardo’s office also confirmed the incident was “gang-related.”



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Would Trump’s ‘no tax on tips’ plan actually help Nevadans?

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Would Trump’s ‘no tax on tips’ plan actually help Nevadans?


Athena Young has spent more than a decade developing her skills as a server. She knows how good she is now – because of the tips she receives while working at The Kitchen at Atomic.

If those tips weren’t taxed, she said, she’d be better able to support herself and her child.

“I’m good at making tips. I’m good at serving. So for someone to take that away from me when it was pretty much a gift for my services – it’d be great if we didn’t tax it as much,” she said. “I have a kid at home. I could definitely use that money for other things.”

A proposal growing in popularity could see an end to federal taxes on tipped income that Young and other workers receive. But experts say the change would bring nominal impact to most workers and is not the best solution to help working families.

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‘A really great proposal’

Former President Donald Trump announced the plan to nix taxes on tips while visiting Las Vegas in June, and since then has made it a big part of his 2024 presidential campaign.

While some Democrats and union leaders have called the proposal a pandering move for votes, others – including Democratic members of Congress in Nevada – have nonetheless signed onto bills in the House and Senate.

Members of Congress introduced the “No Tax on Tips Act” in the Senate side and the “Tax Free Tips Act of 2024” in the House that would amend the Internal Revenue Code to exclude tips from the federal income tax.

The two bills differ on payroll taxes, which are used to fund Social Security and Medicare and paid for by the employer and employee, while income tax responsibility falls on the employee. The Senate’s version includes payroll taxes while the House version exempts them. Both would only apply to tipped workers who are employed. Buskers and contracted workers, for instance, would not be included.

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Republican vice presidential nominee JD Vance told the Review-Journal on Tuesday that servers are struggling to get by and that Republicans’ proposal would lower their taxes and make it easier for them to report income.

“I think it’s a really great proposal,” the Ohio senator said. “I think it’ll be great for Nevada, maybe more than any other state in the union, because you guys have such a service-built economy here.”

Elected officials on both sides of the aisle in Nevada, whose workforce relies heavily on tips, have expressed support for the legislation. Republican Gov. Joe Lombardo endorsed it, and Nevada Democratic Sens. Jacky Rosen and Catherine Cortez Masto joined in the legislation.

Rep. Dina Titus, D-Nev., is the only Democratic member of Congress in Nevada who hasn’t given the proposal a ringing endorsement. While she doesn’t oppose it, Titus said the proposal can be improved upon to make it more equitable.

“I think you just can make it fairer and better,” she said. “If you’re gonna work on something, let’s work on something that’s real. And that has a chance to get through and can make a difference, not just something you throw out there that sounds good to try to pander to some votes.”

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Culinary Local 226, representing about 60,000 hospitality workers in Nevada, initially disregarded Trump’s proposal as a “wild campaign promise” — but weeks later, the union called on lawmakers to support the Congressional bills. Union officials say they took the bipartisan support as a signal to elevate other policy solutions, such as changing tip allocation rates some businesses use to simplify tip reporting and taxation.

“We still say it’s a starting point,” Secretary-Treasurer Ted Pappageorge said. “The idea that somehow taxes on tips is going to be wiped out is ridiculous and tip earners aren’t looking to escape taxes. They just want fair taxes. But we think the starting point is to look at tips for what they are.”

Workers react

Many tipped workers said they see cutting taxes on tips as a way to keep more money in their pockets and not worry about how to report the additional income. Cesar Reyes, a barber and manager at Downtown Vintage Barbershop, said he liked the proposal for its convenience.

“It’s hard to keep track of what you’re getting,” Reyes said. “Some things are cash, some things are card. I don’t really know what you’re getting taxed on.”

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Guadalupe Anderson, a food pantry worker at Westgate resort-casino, said she used to work as a busser earning about $14 an hour plus tips from servers. But the tipping process was complicated by union rules that say bussers cannot ask the servers for a cut of their tips, only receive it from them. It bothered Anderson to see small amounts getting taxed, she said.

“I feel like they don’t really see how hard we work, and we still have to pay money out of our tips to the IRS,” Anderson said. “I wasn’t happy. Being in the food pantry, I get paid what I get paid, and they don’t take (extra) money out of it.”

Dean Howard, a bartender at Atomic Liquors, said he doesn’t think the proposal would make much of a difference, at least for workers in Nevada.

“The way I look at it is, it doesn’t matter if I’m a good server. If I’m a good bartender to people and I take care of people, I’m going to make my money either way,” he said.

Howard previously worked as a server in Florida where he was making $2.18 an hour plus tips, he said.

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“Damn sure I don’t want you taxing my tips on $2.18 an hour, because I need that tip money to live,” he said. “But out here, we make a pretty decent hourly wage, and we’re still getting good tips.”

He doesn’t mind paying taxes, he said.

“Do I want more money in my pocket? Of course,” he said. “There’s got to be a level of fairness to it.”

Nominal gains

Economists and tax experts say the money returned to the worker may be nominal and would not be the best way to help families. The median individual income in the Las Vegas region is roughly $50,800, and many of those workers depend on tips, according to Andrew Woods, director of the Center for Business and Economic Research at UNLV.

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Nevada is one of seven states without a sub-minimum wage option for tipped workers. Silver State workers earn at least $12 per hour, while other states allow employees to pay their workers as low as $2.13 hourly if they earn tips on the job.

Woods said for many, their earnings and the tax credits they qualify for result in more tax returns than tax bills.

“I don’t know if, long term, the majority of people would even see the benefit,” Woods said. “They might see initially in terms of what they take home, but at the end of the year, when it all evens out, they might not see any gain.”

He also said he’s concerned the policy would discourage employers from paying fair wages. Customers may react negatively to increased emphasis on tips at a time of high inflation and discussions of the extent of tipping culture.

Some have pointed out changing the tax code could add more confusion. Francine Lipman, a tax law expert at UNLV’s William S. Boyd School of Law, said if workers don’t report their tips, their gross income could appear much lower than reality – affecting their ability to qualify for some mortgages and other loans, to contribute more to retirement savings and to get more in unemployment benefits.

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“I think that will really hurt people, especially working families who have to rely on borrowing even for a rental,” Lipman said.

There’s also a fairness issue, she said. A lot of industries where workers aren’t tipped, such as fast food restaurants like McDonalds, would not see the benefit.

“This is probably not the way to try to help working families,” she said.

‘A better solution’

“A better solution for everybody is really increasing the minimum wage so people have a livable income,” Lipman said. “And that’s reliable income that they can take to a bank, and a bank says that’s your salary, that’s what you’re getting every week.”

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Banks like stable income, Lipman said.

An increase in the minimum wage to $15 by 2025 could impact nearly 500,000 workers in Nevada, according to the Economic Policy Institute, and would increase the average annual wage by nearly $2,000.

But Lipman said there is no perfect solution.

“If there was, it would be implemented, and a lot of states are increasing minimum wage to try to combat this issue,” she said.

Contact McKenna Ross at mross@reviewjournal.com. Follow @mckenna_ross_ on X. Contact Jessica Hill at jehill@reviewjournal.com. Follow @jess_hillyeah on X.

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