welcome to CEO insights I'm Marilyn the Gman with investing news.com I'm speaking with Warren staner president and CEO of Nevada sandrise hi Warren how are you good morning morning let's talk about your latest news you just released a maiden resource estimate for the lithium project could you talk about the highlights of that so in January uh late January we released our Maiden resource estimate for the gini lithium project uh this is the culmination of 8 years uh since we almost 8 years since we staked
it um it was literally something hiding in plain sight it was a gravity anomaly that had been found by first by government geologists and then by the University of Texas Professor uh John Aldo Dr Aldo and his team um we didn't drill it right away because we had a partner 50% partner and then someone else that was funding didn't want to drill it so here's go by lithium fades in 2018 2019 but in 2020 2021 especially we took another look at it we never drilled it and so in 2022 we started
Drilling and right away we realized that we had the makings of a lithium deposit even on the first hole we drilled five holes right into the spring of 2023 and that's led to the production of a national is 4311 compliant resource of 7.1 million metric tons of lithium carbonate equivalent which is uh beyond our expectations uh we we really didn't know what we were going to get and the deposit is open in basically all directions so we it's drilling more getting to the paa stage attracting a a
big industry partner those are our goals for the project so what's the next steps for that for for well financing the project because it's it's going to take a lot more holes we've only have five we have the the US's fourth largest lithium deposit after only five holes and it's one of the largest in the world so at this point I just feel like the sky is the limit I I don't know how big it'll be but the more holes we drill the more we'll find out and it may change right
now there's there's an open Kit plan and we're going to be filing the resource report actually this week uh it has to be filed by Friday I believe so I we look forward to all the details in it because our news release of course is just a capsulized version of what's in that report but do you also have another project you have a gold project can you talk about there's a gold project that we've been involved in for a number of years it's called the tins the Mount ubol Project it's near uh Wendover so on
the east side of Nevada it was originally uh the the majority of the work in recent years was done by Pilot gold and came Liberty gold who sold it to New claster own gold Corp and now that company merged with copar minerals which is a tsxv listed company so we own about just under 19% of the project there's high-grade goals it's it has a resource of 400,000 o approximately indicated another 100,000 inferred and it's a former gold mine so really it it's going to take some time to really
develop it but obviously in the bull market you want to develop something into a million ounce resource uh right now Phar has taken the lead on that and we're happy to see where it comes so as we speak today gold prices have gone up and it's been uh so how's that uh affecting the trajectory of that project well I think right now you can feel the buzz here at the PDC that the gold price cracked through 2100 it's it's up another $20 today over 2100 so I mean that's a that's a huge
boost for the junior markets which they haven't really reacted that well to gold at 2000 but when it starts moving like this it but it happens right yeah so you know we're at pdac obviously you're talking to investors potential potential investors uh when you're talking to them what makes Nevada Sunrise a compelling investment opportunity at this time well all of our projects are in Nevada I just feel like it's the best place to work in the world the BLM is fair honest diligent uh you get your permits in a
reasonable amount of time they don't ask for the moon it's a it's a accessible approach to permit so I just love working there and and the people that I deal with in the government uh on top of that you've got pretty much year round access sometimes they'll get a little bit of snow but it doesn't really last um roads everywhere there's roads to our project through our project at Gemini uh our Coronado copper project there's also roads right to it uh Kinsley roads right
to it this is a a mature mining area from the 1860s where all this infrastructure has developed as literally as Wagon Trails that now have developed into roads that Vehicles can use so these are all the things that matter um there's a pool of of talent of geological Talent Personnel you can find pretty much any person to do any job like Reclamation or you know moving things around for you uh it's just an eager and and willing Workforce so lot of reasons to be in Nevada and a lot of reasons to invest in a company that's
there thanks Warren for for uh taking the time to speak to me today thank you bro and thanks everyone for watching join us again next time it's another engaging conversation on CEO Insight if you like this video make sure you subscribe to our Channel and turn on notifications so you don't miss future updates and interviews see you next [Music] time
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