Nevada Sunrise owns a 100% interest in the Pelican Lithium Project (“Pelican”, or the “Project”) in northern Saskatchewan, Canada, which covers 561.4 hectares (1,387 acres). Pelican is located approximately 130 kilometres (81 miles) east of LaRonge, SK and 20 kilometres (12.4 miles) southwest of the community of Pelican Narrows, SK. Nevada Sunrise acquired Pelican by claims staking to assess its potential to host lithium-bearing pegmatites. Other notable mineral explorers, including SSR Mining Inc, North Arrow Minerals Inc and Brunswick Exploration Inc., own mineral claims in the region.
About the Pelican Lithium Project
- Government of Saskatchewan geological mapping in 1968 in the Pelican area identified pegmatites within quartz-feldspar schist and gneiss “…with abundant pegmatite lenses, pods, and layers.” (Report No. 114, The Geology of the Deschambault Lake District, Padgham. W.A., 1968);
- The presence of schorl (black tourmaline), one of the pathfinder minerals for pegmatite lithium mineralization, was noted in the pegmatites mapped in the general Deschambault Lake area;
- Nevada Sunrise believes that Pelican is underexplored for lithium-bearing pegmatites and plans to carry out reconnaissance geological mapping in the summer/fall of 2024 to evaluate the lithium potential of any pegmatites present at the Project, pending the receipt of funding for such programs.
National Instrument 43-101 Disclosure
Historical geological mapping descriptions quoted in this disclosure were taken directly from publications released by the Government of Saskatchewan. Management of Nevada Sunrise cautions that the reported historical observations have not been verified nor confirmed by its Qualified Person, but they create a scientific basis for initiating exploration work in the Pelican project area. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on the Pelican property.