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Nevada Sunrise Acquires Treasure Box and Boyer Mine Copper Properties Near Lovelock Cobalt Mine in Nevada and Samples up to 16.57% Copper
VANCOUVER, March 5, 2018 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce it has acquired options
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"VANCOUVER, March 5, 2018 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) is pleased to announce it has acquired options to purchase the historic Treasure Box and Boyer Mine copper properties, each located in the Stillwater Range of Churchill County, approximately 100 miles (150 kilometers) east of Reno. Under its area of interest agreement with the vendor of the Lovelock Cobalt Mine, Nevada Sunrise has the right to purchase a 100% interest in the Treasure Box property, and has also executed an option agreement with a separate vendor to purchase a 100% interest in the Boyer Mine property. \"This is the first consolidation of the Treasure Box and Boyer Mine properties in decades,\" said Warren Stanyer, President and CEO of Nevada Sunrise. \"Our exploration in this mineral-rich area began with the Lovelock Cobalt Mine and we now recognize the hallmarks of a supergene-enriched deposit model that includes the potential for discovery of high-grade copper mineralization.\" 2017 Geochemical Sampling near Lovelock Cobalt Mine and at the Treasure BoxWhile conducting due diligence in late 2017, Nevada Sunrise collected grab rock samples southwest of the Lovelock Cobalt Mine and on the Treasure Box property further to the southwest. The analytical results of several of the rock samples taken from historical mine waste and other bedrock occurrences show strong enrichment in copper and anomalous values of gold and silver in certain samples, as shown in the analytical highlights below: Sample No. Location Copper (%) Gold (g/t) Silver (g/t) LCoR-10 SW Lovelock Mine area 16.57 2.22 21.10 ENR-2 Treasure Box historical trench 11.86 trace 0.24 AZ Grab SW Lovelock Mine area 8.29 ND 11.57 LCoR-12 Treasure Box mine waste 4.54 trace 0.42 ENR1 Treasure Box float 4.09 trace 8.33 About the Treasure Box Mine and the Boyer Mine PropertiesThe combined area of the Treasure Box unpatented claims and the Boyer Mine patented claims total approximately 1,300 acres (526 hectares). The two properties are contiguous and some of the claim boundaries dating back to 1901 are still intact. The Treasure Box and Boyer Mine properties each host mine workings from limited copper production, which occurred until early into the 20th century. A historical diamond drill hole (circa 1910) drilled at the Treasure Box by the B...