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Nevada Sunrise Gold Corp.
Summary
| Project: | Kinsley Mountain | |
|---|---|---|
| Deposit: | Western Flank | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2018: Nevada Sunrise Gold Corp. announces an Exploration/Drilling Update report for its Western Flank deposit at the Kinsley Mountain project. JV with Liberty Gold Inc. - Drilling results incl. 9.1m @ 5.42g/t Au. VANCOUVER, Aug. 2, 2018 /CNW/ - Nevada | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kerr (Internal) | |
| ABSTRACT: | VANCOUVER, Aug. 2, 2018 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce that the Company has received results of the 2018 drilling program at the Kinsley Mountain Gold Project ("Kinsley Mountain" or the "Project") from Liberty Gold Corp. ("Liberty Gold", formerly Pilot Gold Inc.) (TSX: LGD). Kinsley Mountain is located near the town of Wendover in eastern Nevada and is a joint venture between Liberty Gold and the Company, with Liberty Gold, as operator, holding a 79.1 percent interest and Nevada Sunrise, through a wholly-owned U.S. subsidiary, holding a 20.9 percent interest. 2018 Drilling Program The 2018 drilling program targeted possible extensions of the Western Flank deposit, which was discovered by Liberty Gold in 2014. Subsequent drilling has outlined a sulphide resource estimate, using multiple cut-offs 1 of 284,000 Indicated ounces of gold grading 6.04 grams per tonne ("g/t") and 39,000 Inferred ounces grading 2.41 g/t gold (see Nevada Sunrise news release dated November 5, 2015). 1Cut-off grades assume an open-pit mining scenario, using a pit floor elevation generated using Whittle software, reasonable assumptions for mining and milling costs, and a US$1,300/ounce gold price. | |
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