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Nevada Sunrise Metals Corp
Symbol NEV
Shares Issued 99,834,376
Close 2023-09-06 C$ 0.095
Market Cap C$ 9,484,266
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Nevada Sunrise JV partner completes Kinsley drilling

2023-09-08 11:28 ET - News Release

Mr. Warren Stanyer reports

NEVADA SUNRISE ANNOUNCES COMPLETION OF DRILLING AT THE KINSLEY MOUNTAIN GOLD PROJECT, NEVADA

Nevada Sunrise Metals Corp.'s joint venture partner, CopAur Minerals Inc., has completed the 2023 reverse circulation (RC) and diamond drilling program at the Kinsley Mountain gold project located in Elko county, Nevada, United States.

A total of seven (7) RC drill holes and three (3) diamond drill holes comprising 2,285 metres (7,495 feet) were completed at the high-grade Western Flank Zone, Main Pit North, and the new Kinsley Ridge target (see Figure 1 below). All samples, including QA/QC samples, were shipped to ALS Global in North Vancouver, British Columbia, Canada for multi-element analysis and gold fire-assay. Results will be released following their receipt and interpretation by CopAur, operator of the Project.

About Kinsley Mountain

Kinsley Mountain hosts current indicated mineral resources comprising a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au1.

Indicated resources are inclusive of 302,000 ounces averaging 6.11 g/t gold hosted within the Secret Canyon Shale at the Western Flank Zone. The Kinsley Mountain property hosts a historical past-producing mine that yielded 138,000 ounces of near-surface, open-pit oxide gold mined by Alta Gold Company between 1995-1999 (Figure 1).

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.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in lithium, gold, and copper exploration projects located in the State of Nevada, USA.

Nevada Sunrise owns 100% interests in the Gemini, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, also located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest in a joint venture at the Kinsley Mountain Gold Project near Wendover, NV with CopAur Minerals Inc. The Company has elected not to contribute to the 2023 exploration program at Kinsley Mountain and expects to incur dilution of its participating interest in the joint venture to an approximate 19.0% interest.

Nevada Sunrise has the right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.

We seek Safe Harbor.

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