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Nevada Lithium Resources Inc C.NVLH

Alternate Symbol(s):  NVLHF

Nevada Lithium Resources Inc. is a Canada-based mineral exploration and development company. The Company is focused on its core asset, the Bonnie Claire Lithium Project, located in Nye County, Nevada, where it holds a 100% interest. The Bonnie Claire Lithium Project has approximately 915 placer claims and covers over an area of approximately 18,300 acres. It has a NI 43-101 inferred mineral resource of 3,407 million tons (Mt) grading 1,013 ppm Li for 18.372 million tons (Mt) of contained lithium carbonate equivalent (LCE), at a cut-off grade of 700 ppm Li2.


CSE:NVLH - Post by User

Post by donteatbeyond2on Nov 11, 2022 5:50pm
146 Views
Post# 35092798

News Release - Misleading disclosure regarding Bonnie Claire

News Release - Misleading disclosure regarding Bonnie Clairehttps://stockhouse.com/news/press-releases/2022/11/11/iconic-issues-clarifying-news-release

"The Company retracts the subject disclosure and clarifies that (i) it has not completed a feasibility study; (ii) the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized; and (iii) mineral resources that are not mineral reserves do not have demonstrated economic viability."
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