Nevada Sunrise Gold Corp.

Published : December 09th, 2014

Nevada Sunrise JV Partner Pilot Gold Reports 10.1 G/T Gold Over 39.6 Metres At Western Flank Target, Kinsley Mountain, Nevada

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Commodities | Gold | Recovery | Water |

Nevada Sunrise JV Partner Pilot Gold Reports 10.1 G/T Gold Over 39.6 Metres At Western Flank Target, Kinsley Mountain, Nevada

NEVADA SUNRISE GOLD CORPORATION

December 9, 2014 For Immediate Release

News Release TSXV: NEV

NEVADA SUNRISE JV PARTNER PILOT GOLD REPORTS 10.1 G/T GOLD OVER 39.6 METRES AT WESTERN FLANK TARGET, KINSLEY MOUNTAIN, NEVADA

December 9, 2014, Vancouver, British Columbia - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce that Pilot Gold Inc. ("Pilot Gold") (TSX: PLG) has reported to the Company highlights from recently completed drilling and an update on other activities at the Kinsley Mountain Project in eastern Nevada ("Kinsley Mountain", or the "Property"), a joint venture between Pilot Gold and Nevada Sunrise. Pilot Gold holds a 79.1 per cent interest in Kinsley Mountain, and Nevada Sunrise, through a wholly-owned U.S. subsidiary, holds a 20.9 per cent interest.

Pilot Gold reports that 2014 has been a landmark year at Kinsley Mountain, with the discovery of the high-grade zone at the Western Flank, and subsequent recognition of the property-wide potential for gold mineralization in the Candland Shale and Secret Canyon formations. The 2014 drilling program consisted of 27,191 metres in 81 holes, including a water test hole, as part of a US$6.04 million exploration program, with assays still pending for 5 holes.
Highlights from recent infill drilling at the Western Flank include:

10.1 g/t (grams per tonne) gold over 39.6 metres in PK186C, including

o 17.4 g/t gold over 21.6 metres (Secret Canyon Shale host)

6.05 g/t gold over 30.5 metres in PK187C (Secret Canyon Shale host)

4.39 g/t gold over 29.2 metres in PK188C (Secret Canyon Shale host)

6.88 g/t gold over 6.1 metres in PK177C, including

o 11.0 g/t gold over 3.0 metres (Candland Shale zone)

The Racetrack zone is located 1,200 metres south of the Western Flank along a potential parallel NNE trending structure where surface mineralization in the Candland Shale was intersected over a 250 metre by 300 metre area by prior operators. Six holes were drilled, with PK180 returning mineralization in both the shallow oxide Candland Shale unit and the deeper Secret Canyon Shale.
Highlights from the Racetrack area include:

2.69 g/t gold over 7.6 metres (Shallow oxide in the Candland Shale host) and

o 1.25 g/t Au over 10.7 metres (Secret Canyon Shale host) in PK180

Page 1 of 4
Pilot Gold also reports that gold mineralization at Kinsley Mountain is widespread in two stratigraphic units, the Secret Canyon and Candland Shales, with both emerging as viable property-wide targets, and that the latest results not only demonstrate continuity of the high grade at the Western Flank target, but also its broader potential as gold was detected in widely-spaced drill holes over the Western Flank trend.
Other targets tested along the Western Flank in 2014 include the Right Spot, where shallow, oxide gold mineralization was intersected in multiple drill holes; and the Secret Spot, where shallow, oxide mineralization, and deep mineralization in the Secret Canyon Shale were encountered. Gold was also encountered in the area between the Western Flank and the historical mine in three stratigraphic units.
Recent highlights from the Secret Spot include:

2.03 g/t gold over 7.6 metres (shallow oxide in the Candland Shale) in PK182

Permitting: Kinsley North

An amendment to the Kinsley Mountain Plan of Operations for conducting surface drilling and other activities was recently approved by the U.S. Bureau of Land Management. The amendment permits up to 20.5 acres (8.3 hectares) of drill roads and pads in the northern two-thirds of the Property, with access to a number of high-priority targets defined by geochemically anomalous pathfinder elements in surface samples and intersections of NNE and NW-trending faults. The "Kinsley North" claims are underlain by the same highly prospective geology and structural framework as the Kinsley Mine and the Western Flank, and have never been drilled.

Metallurgy

Composite samples from the Western Flank zone are currently undergoing metallurgical testing at Hazen Laboratory in Golden, Colorado. This work is addressing the amenability of high-grade mineralization from the Secret Canyon shale to produce a high-grade concentrate.

Targeting

Surface mapping and sampling, continued modeling of historical blast hole and drill data and drilling in
2014 have refined Pilot Gold's targeting efforts to find additional gold mineralization on the Property. Pilot Gold believes that the Secret Canyon Shale, host to the high-grade mineralization in the Western Flank, is a viable target, with gold values greater than 1.0 g/t over significant widths also drilled in the Secret Spot and Racetrack areas up to two kilometres to the south. Over the length of the Property, this horizon is virtually untested, and it is unlikely that the Western Flank is the only high-grade zone. Data support the concept that gold is concentrated at the intersections of NW to WNW and NNE to north-trending, high-angle structures. The principle target is interpreted to be the intersections of faults of these orientations with the Candland Shale and Secret Canyon Shale horizons.
For maps showing the 2014 target areas, and a table of 2014 Kinsley Mountain drill results to date, including non-reportable intercepts, please access Nevada Sunrise's website under "Exploration-Kinsley Mountain" at: http://www.nevadasunrise.ca/projects/kinsley-mountain/
John R. Kerr, P.Eng., is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this release. Drill composites were calculated using a cut-off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-90% of the reported lengths. Drill samples were assayed by ALS Chemex
Page 2 of 4
(ISO9001:2000) in Reno, Nevada for gold by fire assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over
0.200 ppm an additional cyanide leach analysis is done where the sample is treated with a 0.25% NACN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS.

About Kinsley Mountain

Kinsley Mountain hosts near-surface mineralization similar to other Carlin-style, sediment-hosted gold systems. The Property consists of 475 claims (with six unpatented claims recently added) on U.S. Bureau of Land Management land plus 6 leased patents totalling 9,575 acres (3,875 hectares) and hosts a past-producing mine with an extensive exploration database and numerous, untested gold targets.
Kinsley Mountain is an early-stage exploration project and does not contain any mineral resource estimates as defined by NI 43-101. The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further exploration will result in these targets being delineated as a mineral resource.
For further information about Kinsley Mountain please refer to a technical report entitled "Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A.", effective February 15, 2012 and dated March 26, 2012, prepared by Michael M. Gustin, CPG of Mine Development Associates and Moira Smith, Ph.D., P.Geo. and Kent Samuelson of Pilot Gold, filed on May 9, 2012 under Nevada Sunrise's Issuer Profile on SEDAR at www.sedar.com and also available for viewing on Nevada Sunrise's website at www.nevadasunrise.ca

About Nevada Sunrise

Nevada Sunrise is a junior gold exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in three exploration projects in Nevada, USA. Our three key assets include Kinsley Mountain near Wendover, the Golden Arrow project near Tonopah, and the recently- acquired Roulette property (formerly known as the Grulla property) near Ely, Nevada.

For Further Information Contact: Warren Stanyer

President and Chief Executive Officer
Telephone: (604) 428-8028
Facsimile: (604) 689-5528
Email: [email protected]

FORWARD LOOKING STATEMENTS

All statements in this release, other than statements of historical fact, are "forward-looking information" with respect to Nevada Sunrise Gold Corporation ("Nevada Sunrise") within the meaning of applicable Canadian securities laws, including statements that address future mineral production, reserve potential, exploration drilling, the future price of gold, potential

quantity and/or grade of minerals, potential size of a mineralized zone, potential expansion of mineralization, the timing an d results of future resource estimates, or other study, proposed exploration and development of our explo ration properties and the estimation of mineral resources. Forward-looking information is often, but not always, identified by the use of words such

Page 3 of 4

as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Nevada Sunrise to differ materially from those anticipated in such forward-looking information.

Such factors include, among others, risks related to the interpretation and actual results of historical production at Kinsley Mountain, reliance on technical information provided by third parties on any of our exploration properties, including access to historical information on the Kinsley Mountain property as well as specific historic data associated with and drill results from the property, information from Pilot Gold Inc., current exploration and development activities; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; failure of Pilot Gold Inc., to complete anticipated work programs; labor disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Nine Months ended June 30,

2014, which is available under Company's SEDAR profile at www.sedar.com.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Except as otherwise indicated by Nevada Sunrise, these statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Nevada Sunrise does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.

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 of 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.

Page 4 of 4

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Nevada Sunrise Gold Corp.

EXPLORATION STAGE
CODE : NEV.V
ISIN : CA64149P3007
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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$ 8.9 millions as of today (US$ 7.7 millions, € 5.7 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (NEV.V)
0.230-2.13%
TSX-V
Prev close Open
Low High
Year l/h YTD var.
0.045 -  0.080 -100.00%
52 week l/h 52 week var.
0.045 -  0.160 -100.00%
Volume 1 month var.
-100.00%
Produces
Develops
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/19/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024
2023-55.00%0.310.07
2022300.00%0.400.06
2021-64.29%0.180.05
2020300.00%0.310.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.68-0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.31+3.86%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-1.99%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.45+3.81%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.12+3.07%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.25+6.38%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+7.89%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.96+4.81%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.88+0.41%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03-2.94%Trend Power :