Waiting for the Second HoleAfter getting promising results from the first hole, what can investors expect ? Here is the kind of news that will be revealed in the very near future or if you want within a few days.
Nevada Lithium Resources Inc is pleased to provide the first core assay results for its initial diamond drill hole from the 2023 drill program at its 100 % owned Bonnie Claire project, located in Nye County, Nevada. BC2301C was drilled to geological baseman, intersected at 2950 ft and is the deepest hole drilled to date at Bonnie Claire.
Nevada Lithium's CEO, Stephen Rentschler, comments: 2301C is the first drill hole within our Pre-Feasability Study resource upgrade area, and we are delighted with these assay results. Core hole 2301C is the deepest hole drilled to date, returned amongst the highest grades intercepted on the project to date, and confirms the potential additional high-grades mineralization. The extension of this core hole to basement, revealing significant lenghts of additional continous high grade mineralization, is an exellent example of the company's progress in quickly showing the potential for increased value at Bonnie Claire.
He continued, Optionality is one of the greatest assets of Bonnie Claire. We believe that our extensive land package and geology provide us with the opportunity to add to the remarkable value indicated by our Preliminary Economic Assessment of 1.5 Billion USD ( ATAX 8% ) using LCE prices of $ 13,400 tonne. The wide intercepts of high grade mineralization reported are tremendously encouraging and are only one part of our ambitious examination of Bonnie Claire. In addition to our core hole drilling program, our current sonic drilling field program is, among other things, assessing suitability of strata for open-pit mining methods. we are also expending our understanding of the potential for lithium brines at Bonnie Claire with seismic program, and we look forward to sharing our conclusions about all these initiatives with the market over the following months.
If you want my humble opinion, this company will probably be the most notable lithium play of the current year. I think this small cap will feature one of the largest reserves on the planet in 2024. If you're looking for a stock that could grow tenfold, Nevada Lithium Resource is definitely at the top of your list. I wish good luck to investors looking for the next great mining company in the making.
Good Luck To All