Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company")
(TSX-V:NEV) is pleased to announce that the Kinsley Mountain LLC
joint venture has approved a 2015 exploration program and budget
for the Kinsley Mountain Project ("Kinsley Mountain", or the
"Property") located in Elko County, Nevada. Pilot Gold Inc. ("Pilot
Gold") (TSX:PLG), operator of exploration at Kinsley Mountain,
holds a 79.1% interest in the joint venture, and Nevada Sunrise,
through a wholly-owned U.S. subsidiary, holds a 20.9% interest.
The 2015 Kinsley Mountain exploration program (the "Program") is
currently budgeted at US$2.0 million, and Nevada Sunrise has
elected to fund its US$418,800 share of the Program. The Company
believes that positive results from early drilling may generate
budget amendments to the Program later in 2015.
Details of the Planned 2015 Program
Drilling is expected to commence in the Second Quarter of 2015,
consisting of approximately 10,000 metres of reverse-circulation
drilling and 1,000 metres of diamond drilling. Targets include
follow-up to the high-grade mineralization intersected in the
Western Flank and Right Spot areas, and drilling on the Secret
Spot, Racetrack and Kinsley Pit Trend targets, and within the
newly-permitted Kinsley North area.
An induced polarization ("I.P.") orientation survey is planned
over the known mineralized zones at the Western Flank zone. The
deeper mineralization at the Western Flank zone is associated with
pyrite, ranging up to 10% content, and Nevada Sunrise believes that
this pyrite could be interpreted from the orientation survey.
Should a geophysical signature for the mineralized zones be
identified from the Western Flank survey, Nevada Sunrise
anticipates that I.P. surveys will be carried out on other areas of
the Property seeking similar geophysical responses as a vector to
new drill targets.
Pilot Gold has reported 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 2014 results not only
demonstrate continuity of the high-grade mineralization at the
Western Flank target, but also its broader potential as gold was
detected in widely-spaced drill holes (see Nevada Sunrise news
release dated December 9, 2014). The 2014 drilling program
consisted of 27,191 metres in 81 holes, with assays still pending
for 5 holes.
For maps showing target areas, 2014 drill hole locations, and a
table of 2014 Kinsley Mountain drill results, 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.
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.
There has been insufficient exploration to define a mineral
resource for the targets disclosed herein, and 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:
warrenstanyer@nevadasunrise.ca
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
and results of future resource estimates, or other study, proposed
exploration and development of our exploration properties and the
estimation of mineral resources. Forward-looking information is
often, but not always, identified by the use of words such 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.
Nuveen Enhanced Municipa... (NYSE:NEV)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Nuveen Enhanced Municipa... (NYSE:NEV)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024