Nevada Sunrise Gold Corporation ( 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
NEVADA SUNRISE GOLD CORPORATION - VANCOUVER, British Columbia, Dec. 9, 2014 (GLOBE NEWSWIRE) -- Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (NEV.V) is pleased to announce that Pilot Gold Inc. ("Pilot Gold") (PLG.TO) 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:
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10.1 g/t (grams per tonne) gold over 39.6 metres in PK186C, including
- 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)
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6.88 g/t gold over 6.1 metres in PK177C, including
- 11.0 g/t gold over 3.0 metres (Candland Shale zone)