Overview
Nevada provides nice discovery potential for mining corporations and their buyers. Along with being one of many world’s high mining jurisdictions, Nevada hosts current infrastructure, a talented native workforce and favorable climate situations permitting mining operations to function almost year-round.
Nevada Dawn Metals (TSXV: NEV) is a junior mineral exploration firm targeted on exploring a strong portfolio of lithium, gold and copper initiatives, solely in Nevada.
Nevada Dawn maintains pursuits in a number of extremely potential mineral exploration properties and water rights in Nevada. This portfolio consists of the corporate’s flagship Gemini Lithium Undertaking, the Kinsley Mountain Gold Undertaking and the Coronado VMS Copper Undertaking. The corporate additionally owns the Jackson Wash Lithium Undertaking and the Badlands Lithium Undertaking in Esmeralda County.
Nevada Dawn Exploration Philosophy
Nevada Dawn first staked claims on the Gemini Lithium Undertaking in 2015 with no underlying royalties, and at the moment holds 100% curiosity within the challenge. Preliminary drilling in 2022 confirmed lithium-in-sediments of great values. The outcomes from Gemini symbolize a brand new lithium discovery within the western Lida Valley.
Kinsley Mountain operates as a three way partnership with CopAur Minerals (TSXV:CPAU), with Nevada Dawn holding a 20.01 p.c curiosity within the challenge. In 2023, CopAur accomplished a sequence of seven reverse circulation drill holes and three diamond drill holes totalling 2,285 meters as a part of the 2023 exploration program at Kinsley Mountain.
Working in Nevada, the corporate understands the significance of water rights in conducting mining operations within the state. In 2017, the corporate obtained water rights from the State of Nevada totaling 80.09 acre/ft per 12 months for mining and milling within the Lida Valley, situated adjoining to the Clayton Valley in Esmeralda County. Nevada Dawn believes its acquisition of water rights is a crucial step for an exploration firm looking for mineral deposits in Lida Valley. With out a supply of water, the event of mining and milling operations in Nevada is just not potential.
The corporate’s knowledgeable management and technical workforce apply world-class exploration expertise and technical expertise to accumulate and develop new extremely potential mineral exploration initiatives. This mixture of skilled people primes the corporate for progress and exploration success.
Firm Highlights
- Nevada Dawn Metals (TSXV: NEV), previously Nevada Dawn Gold, is a Vancouver-based mineral exploration firm targeted on creating and buying extremely potential initiatives within the mining-friendly jurisdiction of Nevada.
- The corporate’s flagship asset, the Gemini Lithium Undertaking, consists of 291 unpatented claims overlaying roughly 5,600 acres (2,266 hectares) situated within the Lida Valley about 10 kilometers east of the city of Lida, Nevada. Nevada Dawn holds a 100-percent curiosity within the challenge, with no underlying royalties.
- The corporate’s main gold asset is its 20.01 p.c share of the Kinsley Mountain Gold Undertaking, a three way partnership with CopAur Minerals holding a 79.99 p.c curiosity.
- Present and NI 43-101 compliant useful resource estimates calculated in 2020 state Kinsley Mountain hosts indicated assets of 418,000 ounces of gold grading 2.63 grams per ton (g/t) gold, and inferred assets of 117,000 ounces of gold averaging 1.51 g/t gold.
- The corporate’s portfolio additionally consists of the Jackson Wash Lithium Undertaking and the Badlands Lithium Undertaking, each situated within the Lida Valley, and the Coronado VMS Copper Undertaking close to Winnemucca, Nevada.
- The Coronado VMS Copper Undertaking is potential for volcanogenic large sulphide (VMS) deposits, with the past-producing Massive Mike open-pit copper mine situated close by.
- The corporate owns beneficial water rights throughout the Lida Valley basin to help sooner or later improvement of the Gemini, Jackson Wash and Badlands lithium initiatives.
Key Initiatives
Gemini Lithium Undertaking
The Gemini Lithium Undertaking (Gemini) consists of 283 unpatented claims overlaying roughly 2,266 hectares situated within the Lida Valley, about 10 kilometers east of the city of Lida, Nevada. Nevada Dawn acquired Gemini by claim-staking in 2015 with no underlying royalties. The corporate at the moment holds 100% curiosity within the challenge. Gemini is located adjoining to the Gold Level Photo voltaic Power Zone, a Bureau of Land Administration land reserve put aside for photo voltaic and wind energy technology till 2033.
The first exploration goal for Gemini is lithium-in-sediments with the potential for a brine deposit at depth containing dissolved lithium. Detailed gravity survey outcomes from 2013 indicated robust gravity lows inside two faulted sub-basins roughly 7 kilometers aside and interpreted to be lots of of meters deep. Likewise, the outcomes from a 2016 time-domain electromagnetic (TDEM) survey interpret conductivity at depth, situated effectively beneath the non-conductive alluvium (sand and gravel) on the floor.
Nevada Dawn has a drilling allow issued by the Bureau of Land Administration for Gemini, legitimate till June 2024.
On March 15, 2022, Nevada Dawn introduced the graduation of the inaugural drilling program at Gemini of as much as 615.85 meters of reverse circulation drilling to check targets for lithium brines and lithium-in-sediments.
On April 21, 2022, the corporate introduced that lithium mineralization had been intersected over important widths within the 2022 drilling program. Two boreholes had been accomplished on drill websites situated inside an outlined gravity low that hosts conductive layers detected by historic floor TDEM surveys.
The outcomes from the primary two boreholes at Gemini symbolize a brand new discovery of lithium-bearing sediments within the western Lida Valley, which has not been traditionally drill-tested for lithium mineralization. Lithium-in-sediment values had been important:
- GEM22-01 averaged 1,203.41 components per million (ppm) lithium over 176.83 meters, from 97.56 to 274.39 meters together with 1,578.19 ppm lithium over 91.46 meters from 146 to 237.8 meters.
- GEM22-02 averaged 1,101.73 ppm lithium over 222.56 meters from 118.90 to 341 meters, together with 2,217.69 ppm lithium over 39.63 meters from 301.83 to 341.46 meters and three,304 ppm lithium over 15.24 meters from 326.22 to 341.46 meters.
Nevada Dawn accomplished three extra boreholes from October 2022 to April 2023, with every intersecting lithium mineralization.
Nevada Dawn believes the southern and western components of the Gemini basin are extremely potential for extra lithium mineralization and that additional drilling might ultimately outline a big lithium useful resource. The corporate has engaged ABH Engineering Inc. of Surrey, British Columbia, to calculate a Nationwide Instrument 43-101-compliant useful resource estimate resulting in a preliminary financial evaluation of the lithium-bearing zones at Gemini.
Preliminary metallurgical checks carried out by Nevada Dawn achieved a 90.2 p.c lithium extraction price from the Gemini clay mineralization, a price which compares favorably with the common lithium extraction of 84 p.c reported by Lithium Americas at its Thacker Move lithium challenge (Supply: Feasibility Examine, Nationwide Instrument 43-101 Technical Report for the Thacker Move Undertaking, Humboldt County, Nevada, USA, by Roth, D., et al, dated November 2, 2022).
Comply with-up testing of the ensuing leach options on the amenities of McClelland Laboratories Inc. in Sparks, Nevada produced a pattern that was near-100-percent lithium carbonate.
Kinsley Mountain Gold Undertaking
The Kinsley Mountain Gold Undertaking is situated in Elko County, Jap Nevada and consists of 513 claims plus 5 leased patents totaling 10,346 acres (4,187 hectares).
Kinsley Mountain hosts Carlin-style, near-surface mineralization in addition to a past-producing open-pit mine with an intensive exploration database and quite a few untested gold targets. Following exploration drilling carried out since 2011, present and NI 43-101 compliant useful resource estimates calculated in 2020 state Kinsley Mountain hosts indicated assets of 418,000 ounces of gold grading 2.63 g/t gold, and inferred assets of 117,000 ounces of gold averaging 1.51 g/t gold1.
1 Technical Report on the Kinsley Undertaking, 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 below New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com).
These gold grades encountered at Kinsley Mountain level to thrilling upside potential for additional discoveries and improvement for the challenge.
In 2023, CopAur accomplished a sequence of seven reverse circulation drill holes and three diamond drill holes totalling 2,285 meters as a part of the 2023 exploration program at Kinsley Mountain.
Coronado VMS Undertaking
The Coronado VMS Copper Undertaking consists of 133 unpatented claims overlaying roughly 2,728 acres (1,104 hectares) over an interpreted pattern subsequent to the historic Massive Mike open-pit copper mine. Found within the Sixties, Massive Mike is at present categorised as a VMS deposit. As these deposits generally happen in clusters alongside structural tendencies, there’s good potential for the presence of different VMS deposits alongside pattern from the past-producing mine.
In November 2020, the corporate concluded its second reconnaissance diamond drilling program. Drill targets had been recognized from the 2018 VTEM geophysical survey and a complete of 250.76 meters was drilled within the two diamond drill holes. Every of the drill holes encountered issue penetrating by means of the overburden and viscous clay layers, and the bedrock targets weren’t intersected. An SGH soil sampling survey and the VTEM airborne geophysical survey present potential for sulphide mineralization that Nevada Dawn intends to discover additional.
Jackson Wash Lithium Undertaking
Jackson Wash consists of 49 unpatented placer claims totaling roughly 980 acres (397 hectares) and is situated within the Lida Valley. Nevada Dawn owns 100% curiosity in Jackson Wash.
The exploration goal for Jackson Wash is a brine deposit at a depth containing dissolved lithium. There may be additionally potential for the presence of lithium-in-sediments at Jackson Wash. Previous surveying revealed a layered sequence of unconsolidated, saturated alluvial sediments filling a deep basin beneath the valley ground. The following steps for the Jackson Wash lithium challenge embrace drilling and sampling the sediments and groundwater within the interpreted basin.
Badlands Lithium
In February 2023, Nevada Dawn Metals staked the Badlands lithium challenge within the Lida Valley, Esmeralda County, Nevada. Badlands consists of 54 unpatented claims on Bureau of Land Administration land totaling roughly 1,080 acres (437 hectares) and lies roughly midway between the corporate’s Gemini and Jackson Wash lithium initiatives.
Badland’s normal topography is much like that of the TLC lithium property in Nye County, which led to a floor investigation by Nevada Dawn in March 2022. Samples had been collected in a reconnaissance prospecting program returning anomalous values of lithium starting from 70 ppm to 165.8 ppm lithium.
Nevada Dawn intends to hold out a extra complete sampling program at Badlands in 2023, which can embrace the usage of a “backpack” prospecting drill to gather small-core samples to a depth of a number of meters from the floor.
Administration Crew
Warren W. Stanyer – President, CEO and Director
Warren Stanyer is a mineral exploration trade government with over 26 years of expertise in Canadian public firm administration. He beforehand served as an officer of Pioneer Metals, which was acquired by Barrick Gold in 2006, and as an officer till 2007 of UEX Company. Stanyer was president, CEO and a director of Northern Continental Sources when it was acquired by Hathor Exploration. in November 2009. Lately Stanyer acted as an officer and director of Alpha Minerals , which was acquired by Fission Uranium (TSX:FCU) in 2013. He’s at the moment chairman and CEO of ALX Sources (TSXV:AL).
Jonathan Fung – CFO
Jonathan Fung gives accounting, monetary reporting and regulatory compliance companies to publicly listed and personal corporations as a monetary reporting supervisor at ACM Administration. He obtained his Bachelor of Commerce diploma in accounting from the College of British Columbia in 2013. Jonathan articled at D&H Group LLP Chartered Skilled Accountants, the place he offered accounting, assurance and revenue tax companies to publicly listed and personal corporations. After working in Assurance Companies at Ernst & Younger LLP, he joined ACM Administration. of Vancouver, BC, in 2019. Fung is a member of the Chartered Skilled Accountants of British Columbia.
Christina Boddy – Company Secretary
Christina Boddy is a member of the Canadian Society of Company Secretaries and has acted as company secretary for a lot of public corporations in recent times, together with Resinco Capital Companions, Teslin River Sources, Cue Sources and Prophecy Platinum. Boddy acts as a advisor to private and non-private corporations by means of Rhodanthe Company Companies, a BC-based personal firm.
Michael D. Sweatman – Director and Chairman
Michael Sweatman is a chartered skilled accountant and has operated MDS Administration Ltd., a Vancouver-based administration consulting firm, since November 1992. He obtained his Bachelor of Arts diploma in economics and commerce from Simon Fraser College, gained his CA designation in 1982 and is a CPA in British Columbia and the Yukon Territory. He has served as a director and officer of a number of public corporations over the previous 30 years and is at the moment a director at Storm Exploration Inc. (TSXV: STRM). Sweatman can be the chairman of the Nevada Dawn Audit Committee.
Charles E. Roy – Director
Charles Roy earned a B.Sc. in geology from Acadia College, Nova Scotia in 1972. Early in his profession, Roy was employed by the mining engineering and geological consulting agency of David S. Robertson and Associates and labored in Canada, the USA and Africa. In 1979, Roy joined a predecessor firm of Cameco Company (TSX:CCO) as a challenge geologist, thus starting a profession with Cameco that will span 33 years. In 1988, he transferred to Cameco Gold and managed an exploration workplace in Reno, Nevada from 1991 to 1994. Roy returned to uranium exploration in 1994 and over the following 18 years managed exploration packages within the Athabasca Basin space of northern Canada. Throughout this era Roy oversaw exploration groups that found and delineated seven important uranium deposits, together with Millennium. Later at Cameco, Roy labored to barter new exploration alternatives and helped to consolidate and streamline its worldwide exploration portfolio. Roy additionally serves as a Technical Advisor of ALX Sources (TSXV:AL).
Suraj P. Ahuja – Director
Suraj P. Ahuja, M.Sc. is president of SKAN Consulting primarily based in West Vancouver, BC. From 2001 till 2020, he offered consulting companies to a number of main and junior exploration corporations in Canada and abroad. Ahuja has over 50 years of multi-commodity mineral exploration and challenge administration expertise in Canada, USA, Australia, Mongolia and South America. He has designed, developed and managed a number of profitable mineral exploration packages from grassroots to detailed property evaluations, together with mine geology and feasibility research. Previous to forming his personal firm Ahuja additionally labored in senior positions for SMDC, a predecessor firm to Cameco Company and PNC, a Japanese uranium exploration firm. Ahuja served as a director of UEX Company (TSX: UEX) from 2004 to 2022 till its acquisition by Uranium Power Company. Ahuja is a member of the Nevada Dawn audit committee.
Cory H. Kent – Director
Cory H. Kent has been a lawyer and accomplice at McMillan LLP since February 2003, working towards within the space of securities and company regulation with a deal with corporations within the mineral assets trade. Kent has an LLB from the College of British Columbia and a Bachelor of Arts from Carleton College.
