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Nevada Sunrise and Liberty Gold drill 5.42 g/t gold over 9.1 metres at Kinsley Mountain Gold Project in Nevada
VANCOUVER, Aug. 2, 2018 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce that the Company has rece
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":" 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-offs1 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. A total of seven reverse circulation holes were started in the 2018 program, with five holes completed and two lost at shallow depths due to voids and fault zones encountered. Total meterage for the 2018 program was approximately 1,830 metres (6,005 feet). Highlights of the drilling were as follows: PK228 intersected 5.42 g/t gold over 9.1 metres from 275.8 metres to 285.0 metres, including 7.77 g/t gold over 6.1 metres from 277.4 metres to 283.5 metres, at the Secret Canyon-Geddes contact, 50 metres east of 2017 hole PK221, which intersected 5.30 g/t over 29 metres. This new intercept in PK228 represents a significant step out in the Western Flank Zone (\"WFZ\") east extension exploration. Liberty Gold has recommended follow up in subsequent drill programs. PK229 and PK229A were drilled to intersect the Secret Canyon shale beneath the Ridge Pit area. Both of these holes were cut short due to drilling problems related to voids and fault zones in the shallow units. However, these holes did provide valuable data in specific fault zone locations and mineralized breccia z...