Nevada Daybreak Closes First Tranche of Personal Positioning

Nevada Daybreak Metals Corp. (“ Nevada Daybreak“, or the “Business”) ( TSXV: NEV) (OTC: NVSGF) is delighted to reveal additional outcomes of metallurgical screening performed on lithium mineralization from its 100%- owned Gemini Lithium Task (” Gemini”) situated in the Lida Valley basin in Esmeralda County, Nevada. A significantly pure sample of lithium carbonate equivalent (” LCE”) was produced from the leach options that understood a 90.2% lithium healing rate reported by the Business in June 2023 (see Nevada Daybreak press release dated June 5, 2023 ).

Emphasizes of Gemini Metallurgical Screening

• An unique approach of small column screening attained a 90.2% lithium extraction rate under the instructions of Willem Duyvesteyn , of Extractive Metallurgy Consultancy LLC, based in Reno, Nevada Mr. Duyvesteyn used the centers of McClelland Laboratories Inc. (” McClelland”) in Triggers, Nevada for the metallurgical tests.
• From the leach option offered by the preliminary extraction, McClelland produced an LCE sample that was near-100% lithium carbonate (Li ₂ CO ₃ );
• Subsequent X-ray diffraction analysis (” XRD”) matched the basic pattern of lithium carbonate (see Gemini LCE XRD profile contrast to acknowledged Li ₂ CO ₃ XRD profile listed below ¹ ).

“The production of a premium LCE sample at this early phase in our job timeline bodes well for Gemini,” stated Warren Stanyer , President and CEO of Nevada Daybreak. “The favorable outcomes of our first-pass metallurgical work will supply important info for the upcoming engineering research studies on the practicality of the Gemini Task.”

About the 2022-2023 Gemini Drilling Program

In March and April 2022 , Nevada Daybreak drilled 2 RC boreholes for an overall of 2,020 feet (615.85 metres) in its first drilling program at Gemini. The drill websites lay within a specified gravity low that hosts conductive layers spotted by historic ground electro-magnetic studies. The arise from the very first 2 holes at Gemini represented a brand-new discovery of lithium mineralization in the western Lida Valley, which was not traditionally drill evaluated for lithium (see Nevada Daybreak press release dated Might 18, 2022 ). In July 2022 , Nevada Daybreak got a license for a broadened drilling location from the Bureau of Land Management and started Stage 2 drilling at Gemini in October 2022 3 extra boreholes were finished from October 2022 to April 2023 , with each converging lithium mineralization (see Nevada Daybreak press release dated Might 24, 2023 ).

Nevada Daybreak thinks that the southern and western parts of the Gemini basin are extremely potential for extra lithium mineralization which additional drilling might ultimately specify a big lithium resource. The Business has actually engaged ABH Engineering Inc. of Surrey, BC , Canada to compute a National Instrument 43-101-compliant resource quote resulting in a Initial Financial Evaluation of the lithium-bearing zones at Gemini.

The 90.2% lithium extraction rate attained from the Gemini mineralization compares positively with the typical lithium extraction of 84% reported by Lithium Americas at its Thacker Pass lithium job ( Source: Expediency Research Study, National Instrument 43-101 Technical Report for the Thacker Pass Task, Humboldt County, Nevada , U.S.A., by Roth, D., et al, dated November 2, 2022 .) As follow-up to the effective result of this small column screening, Mr. Duyvesteyn has actually created a bigger scale test including 50 kgs of Gemini clay mineralization, which started in late Might 2023 The bigger test will utilize picked higher-grade mineralization balancing roughly 2,000 ppm lithium.

For additional info on Gemini, consisting of maps and pictures click on this link

About Gemini

Gemini includes 582 unpatented second and lode claims situated in the western Lida Valley, Esmeralda County , roughly 6 miles (10 kilometres) east of the town of Lida, Nevada The Lida Valley is a flat, dry basin with a comparable geological setting to the better-known Clayton Valley basin where Albemarle Corporation runs the Silver Peak lithium salt water mine, which has actually run constantly given that 1966.

Gemini is positioned nearby to the Gold Point Solar Power Zone, a BLM land reserve reserved for solar and wind power generation tasks till 2033. Expedition at Gemini is matched by the Business’s 80.09 acre/feet/year water right, a pre-requisite for the expedition and advancement of lithium tasks in Nevada

Testing and Analytical QA/QC and Declaration of Qualified Individual

The clinical and technical info included in this press release has actually been evaluated and authorized by Willem Duyvesteyn , M.Sc., who is a Certified Individual for Nevada Daybreak as specified in National Instrument 43-101– Standards of Disclosure for Mineral Projects XRD analysis was carried out by The Mineral Laboratory, of Golden, CO.

About Nevada Daybreak

Nevada Daybreak is a junior mineral expedition business with a strong technical group based in Vancouver, BC , Canada , that holds interests in lithium, gold, and copper expedition tasks situated in the State of Nevada, U.S.A.

Nevada Daybreak owns 100% interests in the Gemini, Jackson Wash and Badlands lithium tasks, without any relevant royalties, all of which lie in the Lida Valley in Esmeralda County, NV. The Business owns Nevada water right Authorization 86863, likewise situated in the Lida Valley basin, near Lida, NV.

The Business’s crucial gold property is a 20.01% interest in a joint endeavor at the Kinsley Mountain Gold Task near Wendover, NV with CopAur Minerals Inc.. Kinsley Mountain is a Carlin-style gold job hosting a National Instrument 43-101 certified gold resource including 418,000 showed ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 presumed ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades varying from 0.2 to 2.0 g/t Au ¹ The Business has actually chosen not to add to the 2023 expedition program at Kinsley Mountain and anticipates to sustain dilution of its taking part interest in the joint endeavor to an approximate 19.0% interest.

Nevada Daybreak deserves to make a 100% interest in the Coronado VMS Task, situated roughly 48 kilometers (30 miles) southeast of Winnemucca , NV. The Business owns a 15% interest in the historical Lovelock Cobalt Mine and the Treasure Box copper homes, each situated roughly 150 kilometers (100 miles) east of Reno, NV with Global Energy Metals Corp. (” GEMC “) holding an 85% taking part interest. A deal remains in development for GEMC to own a 100% interest, set up to close on or prior to June 30, 2023

FORWARD LOOKING DECLARATIONS

This release might consist of forward — looking declarations. Forward looking declarations are declarations that are not historic realities and are typically, however not constantly, determined by the words “anticipates”, “strategies”, “expects”, “thinks”, “means”, “price quotes”, “tasks”, “prospective” and comparable expressions, or that occasions or conditions “will”, “would”, “might”, “might” or “must” take place and consist of disclosure of awaited expedition activities. Although the Business thinks the expectations revealed in such forward — looking declarations are based upon sensible presumptions, such declarations are not warranties of future efficiency and real outcomes might vary materially from those in forward looking declarations. Forward — looking declarations are based upon the beliefs, price quotes and viewpoints of the Business’s management on the date such declarations were made. The Business specifically disclaims any intent or responsibility to upgrade or modify any forward — looking declarations whether as an outcome of brand-new info, future occasions or otherwise.

Such elements consist of, to name a few, threats associated with the outcomes and results of the Business’s 2022-2023 expedition activities and future strategies at the Gemini Lithium Task; dependence on technical info offered by 3rd parties on any of our expedition homes; modifications in job specifications as strategies continue to be fine-tuned; existing financial conditions; future rates of products; possible variations in grade or metallurgical healing rates; failure of devices or procedures to run as expected; the failure of contracted celebrations to carry out; labor conflicts and other threats of the mining market; hold-ups due to pandemic; hold-ups in getting governmental approvals, funding or in the conclusion of expedition, in addition to those elements talked about in the area entitled “Threat Elements” in the Business’s Management Conversation and Analysis for the 6 Months ending March 31, 2023 , which is offered under Business’s SEDAR profile at www.sedar.com

Although Nevada Daybreak has actually tried to determine essential elements that might trigger real actions, occasions or results to vary materially from those explained in positive info, there might be other elements that trigger actions, occasions or results not to be as expected, approximated or meant. There can be no guarantee that such info will show to be precise as real outcomes and future occasions might vary materially from those expected in such declarations. Nevada Daybreak disclaims any intent or responsibility to upgrade or modify any positive info, whether as an outcome of brand-new info, future occasions or otherwise. Appropriately, readers must not position excessive dependence on positive info.

Neither TSX Endeavor Exchange nor its Guideline Solutions Supplier (as that term is specified in the policies of TSX Endeavor Exchange) accepts duty for the adequacy or precision of this release.

SOURCE Nevada Daybreak Metals Corporation

View initial material to download multimedia: https://www.newswire.ca/en/releases/archive/July2023/31/c4043.html