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Nevada Sunrise Announces Commencement of Airborne Survey on Coronado VMS Property in Nevada
July 19, 2018, VANCOUVER /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce that an airborne electro
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":" July 19, 2018, VANCOUVER /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) is pleased to announce that an airborne electromagnetic survey has commenced on the Coronado VMS property (\"Coronado\", or the \"Property\"), located in the Tobin and Sonoma Range of Pershing County, Nevada, approximately 30 miles (48 kilometers) southeast of Winnemucca. \"Nevada Sunrise continues to search for undiscovered value in mineral-rich Nevada, considered to be one of the best exploration districts in the world,\" said Warren Stanyer, President and CEO of the Company. \"We look forward to seeing the results of the VTEM™ survey, which is well-suited to detect VMS-style mineralization.\" The VTEM™ (Versatile Time Domain Electromagnetic) survey totalling 648 line kilometres is contracted to Geotech Ltd. of Aurora, Ontario, Canada, and is designed to cover areas of the Tobin and Sonoma Range that are interpreted to be prospective for volcanogenic massive sulphide (\"VMS\") mineralization. Geotech's VTEM™ airborne survey method is renowned for its depth penetration, its detection of discrete conductive electromagnetic anomalies and for mapping geologic structure and lithology. The presence of the past-producing Big Mike copper mine within the boundaries of the Property and numerous other mineral showings in the area indicates that the potential exists for other VMS deposits within Coronado. The Big Mike deposit and other VMS showings lie within the Late Devonian to Late Permian-age Havallah volcanic-sedimentary sequence. To the best of the Company's knowledge, this overlooked Paleozoic greenstone belt has never been surveyed by modern airborne electromagnetic methods. If the results of the VTEM™ survey warrant, Nevada Sunrise will exercise its right to proceed to a definitive agreement for Coronado (for further details regarding the acquisition of Coronado, see Nevada Sunrise news release dated June 7, 2018). About Coronado Coronado currently consists of approximately 236 located unpatented claims totaling approximately 4,720 acres (1,910 hectares) located over an interpreted trend adjacent to the historic Big Mike copper mine (\"Big Mike\"). Big Mike was discovered in the 1930s when a shallow, oxidized portion (gold-bearing gossan) of the deposit was located by prospectors. The area was explored f...