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Nevada Sunrise Gold Corp. Reports 10.22 g/t Gold over 6.1 m Intersected at Kinsley Mountain Gold Project11.01.2021 | 13:30 Uhr | CNW
VANCOUVER, Jan. 11, 2021 - Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) is pleased to report that its joint venture partner, New Placer Dome Gold Corp. ("New Placer Dome") has provided assay results for the initial nine (9) reverse circulation ("RC") drill holes completed during 2020 at the Kinsley Mountain Gold Project ("Kinsley Mountain") located near Wendover, Nevada. 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: Western Flank Zone, Secret Spot, Shale Saddle, KNW Fault, and Main Pit North areas. Drill hole locations were selected to test extensions to existing resource areas as well as undrilled, high-conviction targets. Assay results from the remaining 40 holes are still pending. Highlights of the initial nine RC drill holes are listed below, and in Table 1 following:
"These initial results from the 2020 drilling program show that the area of high-grade gold mineralization at Kinsley Mountain continues to grow," said Warren Stanyer, President & CEO of the Company. "We congratulate New Placer Dome on completing their inaugural drilling program on the near surface oxide and deep high-grade sulphide environments at Kinsley, and look forward to receiving more assay results in the weeks to come." For more information on Kinsley Mountain, including project history, maps, drill sections, and photos, please visit the Nevada Sunrise website at: Nevada Sunrise Gold Corp Table 1. Kinsley Mountain Gold Project - 2020 Significant Drill Intercepts
Methodology and QA/QC 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. Qualified Person About Nevada Sunrise The Company's key gold asset is a 20% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover where an extensive drilling program concluded in late November 2020. 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.
Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper property, each located approximately 150 kilometers (100 miles) east of Reno, with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest. Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located within the Clayton Valley basin near Silver Peak, Nevada. FORWARD LOOKING STATEMENTS 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 Corp. 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. SOURCE Nevada Sunrise Gold Corp.
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