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Nevada Sunrise and Emgold Release Updated Technical Report on the Golden Arrow Property in Nevada
VANCOUVER, March 19, 2018 /CNW/ - Nevada Sunrise Gold Corporation (TSXV: NEV) ("Nevada Sunrise" or the "Company") announced today that Emgold Mining Corporation
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"VANCOUVER, March 19, 2018 /CNW/ - Nevada Sunrise Gold Corporation (TSXV: NEV) (\"Nevada Sunrise\" or the \"Company\") announced today that Emgold Mining Corporation (\"Emgold\") has completed a National Instrument 43-101 (\"NI 43-101\") Technical Report (the \"Technical Report\") on the Golden Arrow property (\"Golden Arrow\", or the \"Property\") in connection with Emgold's acquisition of a 51% interest in the Property from the Company. The Technical Report has been filed on SEDAR at www.sedar.com and can be found on the Company's website at www.nevadasunrise.ca. The Technical Report, entitled \"2018 Updated Technical Report on the Golden Arrow Project, Nye County, Nevada, U.S.A.\" was prepared for Emgold and Nevada Sunrise by Mine Development Associates in Reno, Nevada, and has an effective date of November 28, 2017 and a report date of March 2, 2018. The Technical Report was prepared by qualified persons Steven Ristorcelli, CPG, Odin D. Christensen, PhD, CPG, and Jack S. McPartland, MMSA (collectively, the \"Authors\"), in support of Emgold's first-time disclosure of a mineral resource for the Property. The Authors are independent of both Emgold and Nevada Sunrise. Nevada Sunrise's data archives, now available to Emgold, include geologic mapping, geochemistry, geophysics, and exploration drill information collected by multiple companies over the past two decades. Historical information was compiled, integrated, and reinterpreted by Nevada Sunrise. More than 400 hammer, air-track, reverse circulation (\"RC\"), and diamond drill holes have been drilled to explore for and evaluate gold-silver mineralization on the Property. The vast majority of this drilling has been focused on discovering and delineating the Gold Coin and Hidden Hill mineralized zones. Documentation for a large part of this drilling is available, specifically 361 drill holes for a total of 201,010 feet. Of these holes, 19 are core holes and 342 are RC. Mineral Resource Estimate The Technical Report discloses a mineral resource, which particulars are set out in Table 1 below. The mineral resource was modeled for Golden Arrow and estimated by evaluating the drill data statistically and utilizing a three‐dimensional geological solid model. Mineral domains were interpreted on northeast‐southwest geological cross s...