Nevada Sunrise Gold Defines Drill Targets At Coronado VMS Project

VANCOUVER - Nevada Sunrise Gold Corporation reported that a geochemical sampling program at the Coronado VMS property has detected a cluster of strong geochemical anomalies above the Coronado South geophysical conductor. In August 2020, Nevada Sunrise collected 162 soil samples from a grid established across the surface trace of the Coronado South conductor, which is an airborne electromagnetic anomaly defined by the Company's helicopter-borne 2018 geophysical survey. The soil samples were submitted to Activation Laboratories Ltd. for Spatiotemporal Geochemical Hydrocarbons (SGH) analysis.

The 2020 SGH results showed a classic "segment nested halo" geochemical anomaly, which indicates a high probability of related volcanogenic massive sulphide (VMS) mineralization 1. Nevada Sunrise commissioned an additional analytical study from Actlabs to focus on the specific SGH hydrocarbon signatures predicted to be associated with copper mineralization. This initial soil survey program represents the Company's first test of the SGH process, a nano-geochemistry method developed by Actlabs, which has been reported to detect buried sulphide mineralization at depths up to 500 meters. The results from the 2020 SGH survey give confidence to the Company's interpretation of the geological setting at Coronado, and have been integrated into the target matrix for a future diamond drilling program.