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Nevada Sunrise Gold Corp.
Summary
| Project: | Golden Arrow | |
|---|---|---|
| Deposit: | Golden Arrow | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 9/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing PEA | |
| Report details: | 28-9-2018: Nevada Sunrise Gold Corp. announces a Supporting Acquisition report for its Golden Arrow deposit at the Golden Arrow project. Summary of property and resource in amendment to option agreement. This technical report for the Golden Arrow project | |
| Resources: | (Resource): 12.172Mt @ 0.024oz/t Au, 0.33oz/t Ag (M+I), 3.79Mt @ 0.013oz/t Au, 0.33oz/t Ag (Inf.) | |
| CP/QP: | [Resources]: Odin D. Christensen (Hardrock Mineral Exploration Inc.) | |
| ABSTRACT: | This technical report for the Golden Arrow project was prepared by Mine Development Associates (“MDA”) and consulting minerals geologist Odin D. Christensen, C. P. G. at the request of Emgold Mining Corporation (“Emgold”). In December of 2017, Emgold entered into a non-binding letter of intent with Nevada Sunrise Gold Corporation (“Nevada Sunrise”) to purchase a 51% interest in the Golden Arrow property, together with a first option to acquire an additional 29% interest (the “First Option”) followed by a second option to acquire the final 20% interest in the Golden Arrow property (the “Second Option”). In July of 2018, Emgold and Nevada Sunrise amended the letter of intent to allow Emgold to purchase a 51% interest in the property with an option to acquire a 100% interest. The Golden Arrow property is currently held by Intor Resource Corporation (“Intor”), a wholly-owned subsidiary of Nevada Sunrise, and is currently controlled by Nevada Sunrise. At various times in the project history, Intor carried out exploration work at Golden Arrow. The term Nevada Sunrise is used interchangeably to refer to Intor, except regarding land and legal matters. This report has been prepared in support of Emgold’s acquisition of the Golden Arrow property. The authors prepared the “Technical Report on Golden Arrow Project Nye County, Nevada, U.S.A.”, which was the initial technical report on the Golden Arrow property for Nevada Sunrise in 2008 (Ristorcelli and Christensen, 2008), the “Updated Technical Report on Golden Arrow Project Nye County, Nevada, U.S.A.” dated May 1, 2009 (Ristorcelli and Christensen, 2009) and the “Updated Technical Report on Golden Arrow Project Nye County, Nevada, U.S.A” dated June 9, 2010 (Ristorcelli and Christensen, 2010). In March 2018, the authors prepared another updated report titled “2018 Updated Technical Report on the Golden Arrow Project, Nye County, Nevada, U.S.A.” (Ristorcelli et al., 2018) for Emgold’s first disclosure of a mineral resource estimate at the Golden Arrow property. The authors are independent of both Emgold, the issuer, and Nevada Sunrise the vendor. | |
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