Nevada Sunrise Gold Corp.

Published : May 11th, 2012

Announcement

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Nevada Sunrise Gold Corp

May 10, 2012

News Release 

For Immediate Release

TSX Venture: NEV 

NEVADA SUNRISE ANNOUNCES PILOT GOLD EARNS

51% INTEREST IN KINSLEY MT. GOLD PROPERTY

May 10, 2012, Vancouver, British Columbia - Nevada Sunrise Gold Corp. ("Nevada Sunrise" or the "Company") (TSX-V: NEV) is pleased to announce that Pilot Gold Inc. ("Pilot Gold") has completed its earn-in to 51% of the Kinsley Mountain gold property in Nevada and has notified the Company it has elected to increase its interest to 65% within 5 years.

 

Pilot Gold has tested some key exploration concepts at Kinsley Mountain with encouraging results, and has earned a 51% interest in Kinsley Mountain. Results from Pilot Gold's Phase 1 program included 5.91 g/t gold over 18.4 metres starting at a depth of 42.7 metres in drill hole PK-04 (see Nevada Sunrise news release dated February 10, 2012 ).

 

The Kinsley Project in northeastern Nevada is the site of a past-producing open pit oxide heap leach mine.  Building on an extensive historical exploration archive, Pilot Gold is focusing its efforts on testing numerous targets at different stratigraphic levels, both proximal to and to the north of the historical pits.   Pilot Gold has informed Nevada Sunrise that the 2012 exploration program commenced on March 20, 2012, and 4,000 metres of a planned 12,000 metres have been drilled to date, with assays for all 2012 drill holes pending. In addition, an extensive

 

Phase 1 earn-in details:

 

Under the terms of the earn-in agreement, Pilot Gold was required to spend approximately $US 1.18 million in exploration by March 30, 2013 to earn the initial 51% interest. The Kinsley Mountain project will be transferred to a joint-venture company to be owned 51% by Pilot Gold and 49% by Intor Resources Corporation, a subsidiary of Nevada Sunrise. Pilot Gold has notified the Company it has elected to increase its interest to 65% by incurring an additional $US 3.0 million in exploration expenditures within 5 years.

 

About Nevada Sunrise Gold Corp.

 

Nevada Sunrise Gold Corp. is a gold exploration company that has a portfolio of three projects in Nevada. The Company controls about 15,475 acres (6,260 hectares). The Company applies the exploration experience and technical skills of its founders to search for and acquire new gold exploration projects that are developed internally and then offered for joint venture.  

 

For the latest details on the Company, its properties, management team and philosophy, please visit our website at www.nevadasunrise.com.

 

FOR FURTHER INFORMATION:

William B. Henderson

President and Chief Executive Officer

Telephone:        (530) 887-9901
Facsimile:           (530) 884-3822

 

Forward Looking Information. This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The  Securities  of  Nevada  Sunrise  Gold  Corporation  have  not  been  registered  under  the  United States  Securities  Act  of  1933,  as  amended,  and  may  not  be  offered  or  sold  within  the  United States  or  to  the  account  or  benefit  of  any  U.S.  person.

 

 

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Nevada Sunrise Gold Corp | 231 Cherry Avenue, Suite 201 | Auburn | CA | 95603

Nevada Sunrise Gold Corp.

EXPLORATION STAGE
CODE : NEV.V
ISIN : CA64149P3007
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Nevada Sunrise Gold is a gold exploration company based in United states of america.

Its main exploration properties are KINSLEY MOUNTAIN, JUNIPER, IRON POINT and GOLDEN ARROW in USA.

Nevada Sunrise Gold is listed in Canada. Its market capitalisation is CA$ 770 000 as of today (US$ 7.7 millions, € 6.9 millions).

Its stock quote reached its highest recent level on February 17, 2012 at CA$ 2.50, and its lowest recent point on March 20, 2020 at CA$ 0.01.

Nevada Sunrise Gold has 38 500 000 shares outstanding.

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Nominations of Nevada Sunrise Gold Corp.
8/13/2013Announces Appointment of Warren Stanyer as Interim CEO
8/7/2013Announces Officer Resignation
Project news of Nevada Sunrise Gold Corp.
6/23/2015(Kinsley Mountain)Announces Discovery of New Zone at Kinsley Mountain
7/16/2013(Kinsley Mountain)Announces Drilling Program of 20,000 Meters Begins at Kinsle...
4/10/2013(Kinsley Mountain)Announces Pilot Gold 65% Earn-in on Kinsley Mountain and Pro...
10/9/2012(Kinsley Mountain)Reports 4.6 Metres of 9.5 g/t Oxide Gold at Kinsley Mountain
10/4/2012(Golden Arrow)on Golden Arrow Gold Project
9/5/2012Reports 13.7 Metres of 6.03 g/t Gold at Kinsley Mt.
7/17/2012Reports Kinsley Mt. Drill Results
10/25/2011Exploration - Be Part of It!
5/1/2009(Golden Arrow)Technical report
Corporate news of Nevada Sunrise Gold Corp.
7/25/2016Nevada Sunrise Receives Drill Permits For Clayton Ne And Gem...
6/20/2016Nevada Sunrise Options Nevada Lithium Projects To North Sout...
6/16/2016Nevada Sunrise Closes $500,000 Private Placement
6/2/2016Nevada Sunrise Receives Approval For Plan Of Operations At G...
5/31/2016Resolve Ventures Announces Neptune Lithium Projet Phase 1 Dr...
5/31/2016Nevada Sunrise Announces Neptune Lithium Project Phase 1 Dri...
5/27/2016Nevada Sunrise Announces Increase To Private Placement
5/19/2016Nevada Sunrise Provides Update On Nevada Lithium Projects
5/16/2016Nevada Sunrise Announces Albemarle Corporation Protest Of Wa...
5/4/2016NEVADA SUNRISE SIGNS DEFINITIVE AGREEMENT WITH RESOLVE VENTU...
5/3/2016Nevada Sunrise 2016 Annual General Meeting Results
4/25/2016Nevada Sunrise Announces Commencement Of 2016 Drilling Progr...
4/21/2016Nevada Sunrise Closes $504,000 Private Placement
4/19/2016Nevada Sunrise Neptune Property Lithium Exploration Update
3/21/2016Nevada Sunrise Exercises Option For Water Rights In Clayton ...
3/18/2016Nevada Sunrise Closes First Tranche of Private Placement
1/28/2016Download Corporate Presentation
1/28/2016Nevada Sunrise Option To Purchase Water Rights In Clayton Va...
1/26/2016Nevada Sunrise Appoints John Oldow To Technical Advisory Boa...
1/21/2016Nevada Sunrise Acquires Gemini Lithium Project In Nevada And...
1/20/2016Lithium Market Poised For Growth As Demand Spikes
1/4/2016Nevada Sunrise Receives Drill Permit For Neptune Lithium Pro...
11/24/2015Nevada Sunrise Applies for Drill Permit on Neptune Lithium P...
11/24/2015Nevada Sunrise Grants Stock Options
11/5/2015Nevada Sunrise Announces Initial Resource Estimate For Kinsl...
10/7/2015Nevada Sunrise Signs Option Agreements on Two Nevada Lithium...
10/2/2015Nevada Sunrise increases size of non-brokered private placem...
10/1/2015Nevada Sunrise Appoints David Shaw to Advisory Board
9/28/2015Nevada Sunrise Arranges $450,000 Non-Brokered Private Placem...
9/21/2015Nevada Sunrise Acquires Neptune Lithium Property In Nevada
9/14/2015Nevada Sunrise Announces Advisory Board Appointments
9/2/2015Nevada Sunrise Agreement On Lithium Claims In Clayton Valley...
7/13/2015Nevada Sunrise Announces Metallurgical Results from Kinsley ...
7/13/2015(Kinsley Mountain)announces metallurgical results from Kinsley Mountain
6/18/2015Nevada Sunrise Reports On Roulette Gold Project Exploration ...
3/30/2015Nevada Sunrise Announces Application to Amend Warrants Terms
3/23/2015Nevada Sunrise Announces Commencement of 2015 Exploration Pr...
3/3/2015Nevada Sunrise Jv Partner Pilot Gold Reports 6.15 G/T Gold O...
2/12/2015Nevada Sunrise Named to 2015 TSX Venture 50
2/5/2015Nevada Sunrise Provides Update on Golden Arrow Property in N...
1/19/2015Nevada Sunrise Reports Gold Recoveries Up To 95% At Kinsley ...
1/6/2015Nevada Sunrise Announces 2015 Exploration Program at Kinsley...
1/6/2015Nevada Sunrise Announces 2015 Exploration Program at Kinsley...
12/9/2014Nevada Sunrise JV Partner Pilot Gold Reports 10.1 G/T Gold O...
11/25/2014Nevada Sunrise Announces Earn-In Agreement For The Golden Ar...
11/17/2014Nevada Sunrise Agreement On The Roulette Gold Property In Ea...
8/15/2013Announces Election to Not Contribute to Initial Work Program...
4/11/2013News Release
10/9/2012(Kinsley Mountain)Reports 4.6 Metres of 9.5 G/T Oxide Gold at Kinsley Mountain...
5/11/2012Announcement
4/21/2012Announces Changes to Board
3/30/2012Announcement
9/21/2011from Nevada Sunrise Gold Corp
9/13/2011Announcement
6/10/2011Provides Project Updates
3/22/2011Announces the Termination of Animas' Option on Golden Arrow
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