Nevada Sunrise holds a 20.01% interest in the Kinsley Mountain joint venture, with New Placer Dome, as operator, holding a 79.99% interest.
The recently completed 2020 Kinsley Mountain RC and diamond drill campaign comprised forty-nine (49) drill holes totaling 17,970 metres (39 RC holes for 13,610 metres, and 10 diamond drill holes for 4,360 metres). A total of five (5) target areas were tested during the 2020 drill program including the:
'These initial results from the 2020 drilling program show that the area of high-grade gold mineralization at Kinsley Mountain continues to grow,' said
Methodology and QA/QC
The analytical work reported on herein was performed by ALS Global ('ALS') in
As operator at Kinsley Mountain, New Placer Dome follows industry standard procedures for the work carried out the Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. New Placer Dome detected no significant QA/QC issues during review of the data. Nevada Sunrise is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.
About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in
The Company's key gold asset is a 20% interest in a joint venture with
Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 ('N.I. 43-101') compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 grams/tonne ('g/t') gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold1.
1 Technical Report and updated estimate of mineral resources on the
Nevada Sunrise has right to earn a 100% interest in the
Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in
FORWARD LOOKING STATEMENTS
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 and include disclosure of anticipated exploration activities. 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.
Contact:
Tel: (604) 684-9365
Email: warrenstanyer@nevadasunrise.ca
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