Business
Nevada Sunrise Announces 2019 Exploration Plans For Coronado VMS Project
VANCOUVER, April 4, 2019 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce its Phase 2 exploration
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":" VANCOUVER, April 4, 2019 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) is pleased to announce its Phase 2 exploration plans for the Coronado VMS property (\"Coronado\", or the \"Project\"), located near the past-producing Big Mike copper mine in the Tobin and Sonoma Range of Pershing County, Nevada, approximately 48 kilometers (30 miles) southeast of Winnemucca. Nevada Sunrise has an option to earn a 100% interest in Coronado (see Nevada Sunrise news release dated September 28, 2018). 2019 Coronado Gravity Survey A ground gravity survey is underway over the shallowest and most conductive part of the Coronado South target, centered over a strong airborne electromagnetic (\"EM\") anomaly first detected by the Company in 2018. Based on the estimated size of the Coronado South target, 84 gravity readings taken at 100 metre station intervals are planned on four lines extending 1,000 metres on either side of the interpreted conductor axis to delineate the gravity profile. Additional infill gravity readings at 50 metre intervals are planned if higher definition is desired. Gravity readings are also proposed over the Coronado North target located approximately 1,750 metres to the north if time and budget allow. \"Coronado is an underexplored property located on trend to a historic, high-grade copper mine,\" said Warren Stanyer, President and CEO of Nevada Sunrise. \"In the modern era of mineral exploration, the search for buried deposits demands high-tech solutions. We believe Nevada Sunrise has received a unique opportunity in Nevada, one of the best mining jurisdictions in the world, and our team looks forward to unlocking the geological secrets of Coronado.\" A gravity survey can detect the greater density of a hidden volcanogenic massive sulfide (\"VMS\") deposit in contrast to the lower density, unmineralized country rocks. Nevada Sunrise intends to integrate the results of the 2019 ground gravity survey with the strong EM conductors outlined in the 2018 airborne VTEM™ survey in order to provide the best possible target definition for a Phase 2 drilling program. In February 2019, Nevada Sunrise received a key amendment to the current drill permit from the U.S. Bureau of Land Management for a new access road at Coronado South. The proposed 2019 drilling program, consisting of at le...