Mr. Warren Stanyer reports
NEVADA SUNRISE REPORTS 1.77 GRAMS/TONNE GOLD OVER 25.3 METRES AND 3.81 GRAMS/TONNE GOLD OVER 11.6 METRES, INCLUDING 11.3 GRAMS/TONNE GOLD OVER 2.9 METRES AT THE KINSLEY MOUNTAIN GOLD PROJECT, NEVADA
Nevada Sunrise Gold Corp.'s joint venture partner, New Placer Dome Gold Corp., has provided assay results for the final 13 drill holes completed during 2020 at the Kinsley Mountain gold project located near Wendover, Nev. Nevada Sunrise holds a 20.01-per-cent interest in the Kinsley Mountain joint venture, with New Placer Dome, as operator, holding a 79.99-per-cent interest.
The 2020 Kinsley Mountain reverse circulation (RC) and diamond drill campaign was completed in November, 2020, and comprised 49 drill holes totalling 17,970 metres (58,957 feet), testing five target areas within the greater resource area, which consisted of 39 RC holes for 13,610 metres (44,652 feet) and 10 diamond drill holes for 4,360 metres (14,305 feet), with three holes abandoned and redrilled from the same locations. New Placer Dome reports that results of the 2020 drilling warrant further drilling in 2021 to build on multiple new discoveries and potentially increase the current indicated and inferred resources at the Western Flank zone, Main Pit North oxide and Secret Spot targets.
Drilling at the Secret Spot has yielded a new discovery of near-surface oxide gold mineralization, in addition to new, deeper high-grade sulphide gold intercepts. Diamond drill hole KMD20-006 testing across the Transverse fault intersected a total of four separate mineralized intervals, including multiple oxide gold zones from the surface within Dunderberg shale and the highest-grade interval to date within the Secret Canyon shale at the Secret Spot.
Highlights include:
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1.76 grams per tonne gold (oxide) over 18.9 metres from surface, including 4.46 g/t Au (oxide) over 6.1 m in KMD20-006 at Secret Spot;
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3.81 g/t Au (sulphide) over 11.6 m from 486.2 m to 497.7 m, including 11.3 g/t Au (sulphide) over 2.9 m in KMD20-006 at Secret Spot;
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1.77 g/t Au gold (oxide) over 25.3 m, including 2.75 g/t Au over 10.1 m in KMD20-07B at Secret Spot;
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0.79 g/t Au (oxide) over 39.8 m in KMD20-008 at Secret Spot;
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0.53 g/t Au (sulphide) over 19.8 m in KMD20-003 at the Western Flank zone;
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0.64 g/t Au (oxide) over 10.7 m in KMR20-029 at the Main Pit North shallow oxide target.
Key points
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New Discovery at Secret Spot includes multiple at or near-surface Dunderberg shale-hosted oxide gold drill intercepts that warrant follow-up drilling;
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Secret Canyon shale gold (sulphide) intercepts within KMD20-006 represent the highest-grade interval to date at Secret Spot, illustrating the potential of the Secret Spot target to yield high-grade gold mineralization similar in tenor to the Western Flank zone resource located 1.5 kilometres to the north;
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At Western Flank, discovery of a broad zone of within-pit Hamburg limestone-hosted gold (sulphide) mineralization within drill hole KMD20-003 on the southeast margin of the resource is open to expansion in all directions.
KINSLEY MOUNTAIN GOLD PROJECT -- 2020 SIGNIFICANT DRILL INTERCEPTS
CN soluble
Hole ID Released From (m) To (m) Interval (m) (1) Au (g/t)* Au recovery**
KMD20-003 April 28, 2021 189.3 209.1 19.8 0.53 Sulphide
KMD20-006 0.0 18.9 18.9 1.76 79%
including 1.5 7.62 6.1 4.46 93%
and 35.0 55.5 20.5 1.72 91%
including 38.1 48.8 10.7 2.58 92%
and 451.1 475.5 24.4 1.03 Sulphide
including 473.0 475.5 2.4 5.98 Sulphide
and 486.2 497.7 11.6 3.81 Sulphide
including 493.5 496.4 2.9 11.3 Sulphide
KMD20-007B 2.8 16.9 14.1 0.44 78%
and 38.1 63.4 25.3 1.77 86%
including 38.1 48.2 10.1 2.75 93%
and 560.8 577.2 16.3 1.08 Sulphide
KMD20-008 2.7 42.5 39.8 0.80 79%
KMR20-029 105.2 115.8 10.7 0.64 64%
KMR20-030 April 6, 2021 108.2 144.8 36.6 2.88 84%
including 109.7 117.4 7.6 9.83 88%
KMR20-021 137.2 152.4 15.2 0.77 61%
KMR20-022 149.4 173.7 24.4 1.05 91%
including 152.4 161.5 9.1 2.13 96%
KMR20-023B 108.2 111.3 3.1 4.83 100%
and 147.8 175.3 27.4 0.40 75%
KMR20-028 117.4 126.5 9.1 0.78 62%
KMR20-027 35.1 67.1 32.0 1.20 Sulphide
including 64.0 67.1 3.1 5.81
KMR20-026 March 23, 2021 135.6 141.7 6.1 9.08 Sulphide
and 199.6 207.3 7.6 15.1
including 199.6 204.2 4.6 24.1
KMR20-002 300.2 339.9 39.6 1.78 74%
including 310.9 324.6 13.7 3.63 83%
KMR20-003 362.7 378.0 15.2 2.51 Sulphide
including 362.7 368.8 6.1 4.16
KMR20-004 Jan. 11, 2021 260.6 271.3 10.7 5.15 69%
KMR20-004 260.6 271.3 10.7 5.15 69%
including 265.2 269.8 4.6 8.12 74%
KMR20-007 283.5 289.6 6.1 1.15 Sulphide
KMR20-008 294.1 300.2 6.1 4.83 Sulphide
and 310.9 318.5 7.6 3.07 Sulphide
KMR20-009 283.5 295.7 12.2 1.74 Sulphide
KMR20-016 309.4 330.7 21.3 3.38 73%
including 317.0 323.1 6.1 5.78 100%
KMR20-017 320.0 358.1 38.1 2.63 Sulphide
including 326.1 332.2 6.1 10.2 Sulphide
* True widths of the mineralized intervals are interpreted to be between 60 to 90 per cent of the reported
lengths.
* Drill composites were calculated using a minimum cut-off of 0.20 g/t gold.
** Sulphide defined as CN soluble gold recovery of less than 50 per cent.
Drill holes KMD20-001, KMD20-002, KMD20-004 and KMD20-005 targeting the Western Flank extension did not intersect significant mineralization. Drill holes KMR20-035, KMR20-036 and KMR20-037 targeting the Transverse fault at Shale Saddle also did not intersect significant mineralization.
Methodology and quality assurance/quality control
Assaying was performed by ALS Global, of Vancouver, Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited analytical laboratory that is independent of New Placer Dome, Nevada Sunrise and their respective qualified persons. RC drill samples were subject to crushing to a minimum of 70 per cent passing two millimetres, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. Gold determination was via standard 30-gram fire-assay analysis with atomic absorption spectroscopy (AAS) finish, in addition to 51-element ICP-MS. Samples returning greater than 10 g/t Au are subject to gravimetric finish. Gold values returning greater than 0.1 g/t Au are also subject to leach analysis where the sample is treated with a 0.25 per cent NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS.
As operator at Kinsley Mountain, New Placer Dome follows industry standard procedures for the work carried out the project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. New Placer Dome detected no significant QA/QC issues during the review of the data. Nevada Sunrise is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.
Qualified person
The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender Jr., CPG, RG, SME and a qualified person for Nevada Sunrise as defined in National Instrument 43-101 -- Standards of Disclosure
for Mineral Projects. Mr. Allender has examined the information provided by New Placer Dome, which includes his review of the sampling, analytical and test data, and procedures underlying the information and opinions contained herein.
About Nevada Sunrise Gold Corp.
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, B.C., Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the state of Nevada, United States.
The company's key gold asset is a 20.01-per-cent interest in a joint venture with New Placer Dome Gold Corp. at the Kinsley Mountain gold project near Wendover, where an extensive drilling program concluded in late November, 2020.
Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101-compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 grams per tonne gold (4.95 million tonnes) and 117,000 inferred ounces of gold averaging 1.51 grams per tonne gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold (1).
(1) Technical report and updated estimate of mineral resources on the Kinsley project, Elko county, Nevada, United States, effective Jan. 15, 2020, and prepared by Michael M. Gustin, PhD, CPG; Moira Smith, PhD, PGeo; and Gary L. Simmons, MMSA; under New Placer Dome Gold's issuer profile on SEDAR.
Nevada Sunrise has right to earn a 100-per-cent interest in the Coronado VMS (volcanogenic massive sulphide) project, located approximately 48 kilometres (30 miles) southeast of Winnemucca. The company owns a 15-per-cent interest in the historic Lovelock cobalt mine and the Treasure Box copper properties, each located approximately 150 kilometres (100 miles) east of Reno, with Global Energy Metals Corp. holding an 85-per-cent participating interest.
Nevada Sunrise owns 100-per-cent interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda county. The company owns Nevada water right permit 44411, located within the Clayton Valley basin near Silver Peak, Nev., and water permit 86863, located in the Lida Valley basin, near Lida, Nev.
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