11:40:22 EDT Sun 13 Jul 2025
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Nevada Sunrise Metals Corp
Symbol NEV
Shares Issued 110,256,876
Close 2025-03-13 C$ 0.02
Market Cap C$ 2,205,138
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Nevada Sunrise hires VRIFY to set targets at Griffon

2025-03-13 16:33 ET - News Release

Mr. Warren Stanyer reports

NEVADA SUNRISE TO LEVERAGE VRIFY'S AI-ASSISTED MINERAL DISCOVERY PLATFORM AT THE PAST-PRODUCING GRIFFON GOLD MINE PROJECT, NEVADA

Nevada Sunrise Metals Corp. has signed an agreement with VRIFY Technology Inc., a Vancouver-based leader in artificial intelligence (AI) and predictive modelling in mineral exploration, to refine and validate exploration plans and targets at the Griffon gold mine project in Nevada, United States.

DORA, VRIFY's AI-assisted mineral discovery platform, is the only platform that geologists can access directly and utilize for iterative predictive modelling in real time. The platform uses advanced and proprietary algorithms to generate a prospectivity score -- known as a VRIFY prospectivity score (VPS) -- that identifies areas of potential mineralization. The VPS and models generated through DORA incorporate probabilistic values, enhancing the accuracy and reliability of the predictions.

To power these insights, VRIFY's geoscience and AI teams will work closely with Nevada Sunrise in compiling and cleaning decades of historical exploration data -- including surface geological, geochemical and geophysical results, as well as a digitized drill hole database -- creating a comprehensive, high-quality data set. By integrating Griffon's project-specific data with VRIFY's industry-leading database, DORA's proprietary algorithms will uncover patterns that would be time consuming and difficult, if not impossible, to extract through manual processes alone, delivering data-based insights and highlighting high-potential areas of mineralization.

"Our goal at Nevada Sunrise is to improve exploration efficiency and uncover value in our projects, which means embracing new technologies like VRIFY," said Warren Stanyer, president and chief executive officer of Nevada Sunrise. "AI, when combined with expert geoscience teams, is a powerful tool that helps reduce bias and identify potential mineralization that might otherwise be overlooked. As AI becomes increasingly vital in exploration targeting, VRIFY's predictive technology represents a significant advancement for our project. We are excited to be part of this next step for Nevada Sunrise, VRIFY and the industry as a whole."

Using DORA, Nevada Sunrise will gain direct access to the Web-based platform, receive comprehensive training, and be able to generate and iterate on their own predictive models, allowing for hands-on exploration targeting and validation.

"At VRIFY, we believe AI in mineral exploration shouldn't be a black box, which is why we've created DORA. DORA is an intuitive platform that puts the power of AI in the hands of technical teams that know the project best -- accelerating exploration and identifying areas of high-potential mineralization," explained Steve de Jong, chief executive officer and co-founder of VRIFY. "By combining AI with the deep geoscience bench strength we have at VRIFY, we're helping companies like Nevada Sunrise gain a competitive edge. We believe this approach of integrating technology and experts is the future of the industry and can't wait to see how DORA helps drive discovery at the Griffon Gold Mine project."

About Griffon

Griffon is located approximately 50 kilometres (33 miles) southwest of Ely, Nev., and consists of 89 unpatented mineral claims totalling approximately 1,780 acres. The project is within the fertile Battle Mountain-Eureka gold trend in east-central Nevada, which is host to both past-producing and operating gold mines, and a number of significant gold deposits.

Nevada Sunrise announced the acquisition of Griffon in February, 2025 (see Nevada Sunrise news release dated Feb. 20, 2025), and has engaged VRIFY to assist the company in determining new target areas at the project. Gold was mined at Griffon in two open pits from 1998 to 1999 and until its premature closure, was reported by the state of Nevada to have produced 62,661 ounces of oxide gold. The company believes that VRIFY has the potential to provide a refined and validated exploration plan that could lead to new gold discoveries at Griffon.

Griffon lies within a 60-kilometre (40-mile) section of the Battle Mountain-Eureka trend, which hosts the following gold mines and deposits:

  • Pan mine: Operated by Calibre Mining Corp., which hosts measured and indicated resources of 358,900 ounces gold and inferred resources of 42,000 oz gold, and was reported as producing 35,267 oz gold in 2024;
  • Gold Rock (formerly Easy Junior): Operated by Calibre Mining Corp., which hosts measured and indicated resources of 370,700 oz gold and Inferred resources of 58,100 oz gold and was reported as producing 12,100 ounces of gold in the years 1990 and 1997.
  • Mt. Hamilton: Operated by an emerging public company, Bendito Resources Inc., which hosts proven and probable mineral reserves of 545,000 oz gold and 4,459,600 oz silver contained within measured and indicated resources of 727,000 oz gold and 6,569,000 oz silver, and inferred resources of 119,000 oz gold and 1,153,000 oz silver;
  • Green Springs: Owned by Orla Mining Ltd., and currently under option to Centerra Gold Inc. Historical production at Green Springs of 63,000 oz of gold was reported from 1988 to 1991 under USMX Inc.'s heap leach operation;
  • Lookout Mountain: Operated by Timberline Resources Corp., which hosts measured and indicated resources of 423,000 oz gold, and inferred resources of 84,000 oz gold. Historical production of 17,700 oz gold was reported in 1987.

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 information regarding the historical exploration at Griffon, which includes his review of the historical sampling, analytical and procedures underlying the information and opinions contained herein.

Management cautions that historical results were collected and reported by operators unrelated to Nevada Sunrise and have not been verified nor confirmed by its qualified person; however, the historical results create a scientific basis for continuing work in the Griffon property. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the Griffon property.

About Nevada Sunrise Metals Corp.

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, B.C., Canada, that holds interests in lithium, gold and copper exploration projects located in the state of Nevada, United States.

Nevada Sunrise holds the right to earn a 100-per-cent interest in the Griffon gold mine project, located approximately 50 kilometres (33 miles) southwest of Ely, Nev.

Nevada Sunrise owns 100-per-cent interests in the Gemini, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda county, Nevada. Gemini hosts an inferred lithium resource estimate of 7.1 million tonnes of lithium carbonate equivalent, described in a National Instrument 43-101-compliant technical report entitled "NI 43-101 Technical Report, Resource Estimate for Gemini Lithium Project, Esmeralda County, Nevada," effective Jan. 15, 2024, and dated March 8, 2024, available at SEDAR+ and on the company's website.

As a complement to its exploration projects in Esmeralda county, the company owns Nevada water right permit 86863, also located in the Lida Valley basin, near Lida, Nev.

Nevada Sunrise holds the right to earn a 100-per-cent interest in the Coronado copper project, located approximately 48 kilometres (30 miles) southeast of Winnemucca, Nev.

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