Jackson Wash consists of 166 unpatented placer claims totalling approximately 3,300 acres (1,335 hectares) and is located on the east side of the Montezuma Range approximately 20 miles (30 kilometers) southeast of Silver Peak and 13 miles (21 kilometers) southwest of Goldfield.
A three to four hole drill program, of holes up to 400m deep, is planned to test specific structural and stratigraphic targets believed prospective for lithium brine deposits.
Historical exploration at Jackson Wash in 2011 discovered widespread deposits of obsidian fragments on the valley floor, possibly derived from Tertiary felsic rhyolite and tuff volcanic rock units present in the Montezuma Range to the north and west of Jackson Wash. Fragments at six locations were sampled and returned lithium values ranging from 97.3 parts per million (“ppm”) lithium to 117.0 ppm lithium (R. M. Allender, Jr., 2011). Weathering of the felsic volcanic rocks containing lithium is believed to be a source of lithium contained in subterranean brines.
The results of a detailed gravity survey and two CSAMT lines surveyed in 2011 by a previous operator were interpreted as a layered sequence of unconsolidated, saturated alluvial sediments filling a deep basin beneath the valley floor. The Jackson Wash basin is believed to be related to north-south basin and range fault systems. Drilling and sampling of the sediments and groundwater in the interpreted basin are the next steps in the exploration process for Jackson Wash.
A drill permit for up to 10 holes over a 2-year period was granted by the BLM in February 2016.
A 1.5 mile (2.25 kilometer) area of interest applies to Jackson Wash and the property is subject to a 3.0% GOR. On the 3rdanniversary of the signing of the definitive agreement for Jackson Wash, Nevada Sunrise would have the right to purchase 1.0% of the GOR for US$1,000,000.