15:53:57 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Nevada Sunrise Gold Corp (2)
Symbol NEV
Shares Issued 60,494,133
Close 2020-07-30 C$ 0.17
Market Cap C$ 10,284,003
Recent Sedar Documents

Nevada Sunrise JV partner begins Kinsley Mtn drilling

2020-07-30 12:22 ET - News Release

Mr. Warren Stanyer reports

NEVADA SUNRISE ANNOUNCES KINSLEY MOUNTAIN DRILLING PROGRAM IN NEVADA AND $600,000 PRIVATE PLACEMENT

Nevada Sunrise Gold Corp. has been informed by its joint venture partner, New Placer Dome Gold Corp., that a drilling program of up to 20,000 metres has begun at the Kinsley Mountain gold project, located near Wendover, Nev. The company holds a 20.01-per-cent interest in Kinsley Mountain, with New Placer Dome, as operator, holding a 79.9-per-cent interest.

Kinsley Mountain is a Carlin-style gold project hosting 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). The company believes there is significant upside potential for new high-grade gold discoveries and for expansion of the footprint of known mineralization and contained resources at Kinsley.

The company also announces a private placement of up to $600,000, consisting of six million units at a price of 10 cents per unit, with each unit consisting of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 16 cents for a period of two years following the closing date of the offering.

Finders' fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the company to certain subscribers participating in the offering. Proceeds of the offering will be used for exploration on the company's mineral properties and general working capital. The offering is subject to the acceptance of the TSX Venture Exchange.

John R. Kerr, PEng, the company's designated qualified person within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Nevada Sunrise Gold Corp.

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

We seek Safe Harbor.

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