VANCOUVER, BC, June 6, 2022 /CNW/ – Nevada Dawn Gold Corp. (“Nevada Dawn”, or the “Firm”) (TSXV: NEV) (OTC: NVSGF) is happy to announce that highly-significant values of lithium have been detected in water samples collected from boreholes GEM22-01 and GEM22-02, drilled within the inaugural 2022 drilling program at its 100%-owned Gemini Lithium Mission (“Gemini”) situated within the Lida Valley basin in Esmeralda County, Nevada. The water samples from each boreholes include dissolved lithium in a calcium/magnesium carbonate-type brine that was not simply acknowledged on web site through the drilling program as a result of presence of excessive ranges of suspended solids.

Water samples from borehole GEM-22-01 averaged 327.7 milligrams per litre (“mg/L”) lithium over 220 ft (67.07 metres) from 600 to 820 ft with a peak worth of 519 mg/L lithium. Water samples from borehole GEM22-02 returned a mean of 116.28 mg/L lithium over 460 ft (140.24 metres) from 600 to 1,120 ft (201.22 to 341.46 metres) with a peak worth of 286.0 mg/L lithium (see Desk 1 under).

Desk 1:  Outcomes of Lithium-in-Water Samples for boreholes GEM22-01 and GEM22-02

Concerning the 2022 Gemini Drilling Program

Nevada Dawn drilled two reverse circulation (“RC”) boreholes for a complete of two,020 ft (615.85 metres) in its maiden drilling program at Gemini in March and April 2022. The drill websites had been situated inside an outlined gravity low that hosts conductive layers detected by historic time area electromagnetic (“TDEM”) surveys (see Determine 1 under). The outcomes from the primary two holes at Gemini signify a brand new discovery of lithium-bearing sediments and lithium-in-water within the western Lida Valley, which has not been traditionally drill examined for lithium mineralization. Lithium-in-sediment values had been important:

• GEM22-01 averaged 1,203.41 components per million (“ppm”) lithium over 580 ft (176.83 metres), from 320 to 900 ft (97.56 to 274.39 metres) together with 1,578.19 ppm lithium over 300 ft (91.46 metres) from 480 to 780 ft (146.34 to 237.8 metres).
• GEM22-02 averaged 1,101.73 components per million (“ppm”) lithium over 730 ft (222.56 metres) from 390 to 1,120 ft (118.90 to 341.46 metres), together with 2,217.69 ppm lithium over 130 ft (39.63 metres) from 990 to 1,120 ft (301.83 to 341.46 metres) and 3,304.34 ppm lithium over 50 ft (15.24 metres) from 1,070 to 1,120 ft (326.22 to 341.46 metres).

Nevada Dawn is evaluating the 2022 water and sediment sampling ends in element. These analytical outcomes and preliminary analysis by the Firm counsel that the Gemini lithium deposit is an instance of the claystone deposit mannequin located in a closed arid basin, much like lithium deposits discovered within the Clayton Valley and at different sedimentary-hosted lithium deposits in Nevada.

The host horizons at Gemini are darkish green-gray to black volcanic ash-rich lacustrine sediments containing important quantities of clay. Excessive lithium concentrations are accompanied by excessive calcium and magnesium concentrations. The very best lithium concentrations in sediment samples are related to darkish grey/inexperienced to black, organic-rich claystone intervals. Brine samples from these intervals additionally carry the best lithium concentrations present in groundwater. Additional testing is required to determine the lithium-rich clay minerals and the supply of the lithium-bearing brine discovered at Gemini.

Further drilling is deliberate following receipt of an modification to the present Bureau of Land Administration drilling allow, which can be required to cowl the Firm’s newly-expanded land place. In April and Could 2022, Nevada Dawn staked 288 unpatented lode claims totaling 5,760 acres (1,756 hectares) over the define of the gravity low to successfully cowl the doable extent of the lithium-bearing clay layers. Observe-up geophysical TDEM surveys had been accomplished at Gemini in Could 2022 throughout the interpreted space of the historic gravity low to raised map and assess the conductive layers first detected by Nevada Dawn in 2016 (see Nevada Dawn information launch dated Could 12, 2022). The brand new geophysical outcomes are being compiled and interpreted.

For additional info on Gemini, together with location maps and photographs please go to our web site at:
Gemini Lithium | Nevada Dawn Gold Corp.

About Gemini

Gemini consists of 407 unpatented placer and lode claims situated within the western Lida Valley, Esmeralda County, roughly 6 miles (10 kilometres) east of the city of Lida, Nevada. The Lida Valley is a flat, arid basin with an identical geological setting to the better-known Clayton Valley basin the place Albermarle Company operates the Silver Peak lithium brine mine, which has operated constantly since 1966. Nevada Dawn expanded the dimensions of the Mission by staking 80 new unpatented placer claims in March 2022, and 288 further unpatented lode claims in April and Could 2022.

Gemini is located adjoining to the Gold Level Photo voltaic Vitality Zone, a Bureau of Land Administration land reserve put aside for photo voltaic and wind energy technology tasks till 2033. Exploration at Gemini is complemented by the Firm’s 80.09 acre/ft/12 months water proper, a pre-requisite for the exploration and improvement of lithium brine tasks in Nevada. Below the legal guidelines of Nevada, water can’t be pumped from a subterranean supply with out a legitimate water allow. Drill pads and entry roads stay in place at Gemini with an energetic drilling allow.

Sampling and Analytical QA/QC and Assertion of Certified Particular person

Water Pattern Assortment and Evaluation

Water parameters together with TDS, conductivity, temperature, and pH values had been obtained within the subject by direct measurement with a handheld Hanna Mannequin 98194 Multiparameter Meter, which meets Good Laboratory Observe (as proscribed by the Group for Financial Cooperation and Growth) for calibration and measurement. All depth measurements reported, together with pattern and interval widths are down-hole.  As holes are oriented vertical and geologic stratigraphy is primarily horizontal to sub-horizontal, downhole measurements are assumed to be near true thickness.

Thirty-seven (37) groundwater samples had been collected at 20-foot (6.1-metre) intervals and despatched to Western Environmental Testing Laboratory in Reno, Nevada beneath venture chain-of-custody protocols for evaluation. Business normal strategies for examination of water had been employed by the laboratory. Normal chemistry testing included evaluation for particular gravity, whole hardness, whole alkalinity, bicarbonate, carbonate, hydroxide, whole dissolved solids (TDS) and electrical conductivity. Anions (chloride, sulfate) had been analyzed by ion chromatography. Hint metals (lithium, magnesium, boron, calcium, potassium, strontium, and sodium) had been analyzed by inductively coupled plasma-optical emission spectroscopy (ICP-OES) strategies.

Sediment Pattern Assortment and Evaluation

Sediment samples described on this new launch are a composite of fabric collected from the rotary splitter within the RC drilling rig, which produces a steady, consultant 3 to five kilogram pattern for every pattern interval. Samples had been submitted to American Assay and ALS in Reno, NV and had been analyzed using a multi-element ICP-AES technique. Particularly, the analytical technique includes aqua regia digestion of the pattern adopted by the inductively coupled plasma (ICP) approach to ionize the pattern, and atomic emission spectrometry (AES) to find out elemental concentrations. Duplicates, subject blanks, and authorized reference requirements had been inserted at common intervals within the pattern stream to make sure accuracy of the analytical technique.

The scientific and technical info contained on this information launch has been reviewed and authorised by Robert M. Allender, Jr., CPG, RG, SME and a Certified Particular person for Nevada Dawn as outlined in Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks.

About Nevada Dawn

Nevada Dawn is a junior mineral exploration firm with a robust technical group based mostly in Vancouver, BC, Canada, that holds pursuits in gold, copper, cobalt and lithium exploration tasks situated within the State of Nevada, USA.

Nevada Dawn owns 100% pursuits within the Gemini and Jackson Wash lithium tasks, each of that are situated within the Lida Valley in Esmeralda County, NV. The Firm owns Nevada water proper Allow 86863, additionally situated within the Lida Valley basin, close to Lida, NV.

The Firm’s key gold asset is a 20.01% curiosity in a three way partnership with New Placer Dome Gold Corp. (TSXV: NGLD) on the Kinsley Mountain Gold Mission close to Wendover, NV. Kinsley Mountain is a Carlin-style gold venture internet hosting a Nationwide Instrument 43-101 compliant gold useful resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades starting from 0.2 to 2.0 g/t Au ¹.

¹Technical Report on the Kinsley Mission, Elko County, Nevada, U.S.A., dated June 21, 2021 with an efficient date of Could 5, 2021 and ready by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed beneath New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com).

Nevada Dawn has proper to earn a 100% curiosity within the Coronado VMS Mission, situated roughly 48 kilometers (30 miles) southeast of Winnemucca, NV. The Firm owns a 15% curiosity within the historic Lovelock Cobalt Mine and the Treasure Field copper properties, every situated roughly 150 kilometers (100 miles) east of Reno, NV, with World Vitality Metals Corp. (TSXV: GEMC) holding an 85% taking part curiosity.

FORWARD LOOKING STATEMENTS

This launch might include ahead–wanting statements. Ahead wanting statements are statements that aren’t historic information and are typically, however not all the time, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “tasks”, “potential” and related expressions, or that occasions or situations “will”, “would”, “might”, “might” or “ought to” happen and embody disclosure of anticipated exploration actions. Though the Firm believes the expectations expressed in such ahead–wanting statements are based mostly on affordable assumptions, such statements aren’t ensures of future efficiency and precise outcomes might differ materially from these in ahead wanting statements. Ahead–wanting statements are based mostly on the beliefs, estimates and opinions of the Firm’s administration on the date such statements had been made. The Firm expressly disclaims any intention or obligation to replace or revise any ahead–wanting statements whether or not because of new info, future occasions or in any other case.

Such elements embody, amongst others, dangers associated to the Firm’s 2022 exploration actions and future plans on the Gemini Lithium Mission; reliance on technical info supplied by third events on any of our exploration properties; adjustments in venture parameters as plans proceed to be refined; present financial situations; future costs of commodities; doable variations in grade or restoration charges; failure of apparatus or processes to function as anticipated; the failure of contracted events to carry out; labor disputes and different dangers of the mining business; delays on account of pandemic; delays in acquiring governmental approvals, financing or within the completion of exploration, in addition to these elements mentioned within the part entitled “Danger Elements” within the Firm’s Administration Dialogue and Evaluation for the Six Months Ended March 31, 2022,  which is offered beneath Firm’s SEDAR profile at www.sedar.com.

Though Nevada Dawn has tried to determine vital elements that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking info, there could also be different elements that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. There could be no assurance that such info will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Nevada Dawn disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case. Accordingly, readers shouldn’t place undue reliance on forward-looking info.

Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch. The securities of Nevada Dawn Gold Company haven’t been registered beneath america Securities Act of 1933, as amended, and is probably not provided or offered inside america or to the account or advantage of any U.S. particular person.