Nevada Lithium Initiates 2024 Drill Program at Bonnie Claire Project

Nevada Lithium CEO Stephen Rentschler announced the launch of the company's 2024 Drill Program at the Bonnie Claire lithium project in Nevada. The program has already completed one deep core hole and initiated a second, targeting deep high-grade lithium and boron mineralization identified in the 2023 drill campaign.

Rentschler highlighted that Hole BC2401C, a 450-metre step-out hole, is designed to test the mineralization extent beyond previously drilled boundaries. Hole BC2402C, an infill hole, aims to examine the continuity of mineralization between existing holes BC 2301C and BC 2303C. The primary objectives of the 2024 Drill Program are to confirm the continuity of deep, high-grade lithium-boron mineralization, explore mineralization to the northeast of the current resource zone, and increase confidence in grade continuity between existing drill holes. Achieving these goals could lead to an upgrade of the resource classification from Inferred to Indicated or Measured.

The updated mineral resource estimation is crucial for the ongoing efforts towards an updated Preliminary Economic Assessment, expected to be completed by Fall 2024. This assessment is vital for advancing the Bonnie Claire project and providing key data to support its economic viability.