Drilling Programs For Roulette And Kinsley Mountain Gold Projects

 

VANCOUVER, BC - Nevada Sunrise Gold Corporation reported on drilling programs planned on two of its Nevada gold exploration projects, namely Roulette and Kinsley Mountain, both considered typical Carlin-style, sediment-hosted, gold projects and located in eastern Nevada.

Roulette (formerly known as the Grulla property) is located approximately 30 miles north of Ely and consists of 120 unpatented claims totaling 2,400 acres. Nevada Sunrise can earn up to a 100 percent interest in Roulette, subject to the terms of an underlying option agreement. Roulette shows geological similarities to the Alligator Ridge gold deposits located about 24 miles to the west, now part of Barrick Gold's Bald Mountain gold mine.

Construction of access roads and the first three drill pads for the 2017 drilling program is complete. First drill test of Roulette commenced in April. Three holes totaling approximately 3,280 feet are planned for the first phase of drilling, using reverse circulation ("RC") drilling equipment. Targets were developed from geochemical and geophysical surveys carried out in 2015 and 2016. Follow-up drilling will be based on the results of the initial drilling.

Kinsley Mountain is a joint venture between Pilot Gold Inc. and the Company, with Pilot Gold holding a 79.1 percent interest, and Nevada Sunrise, through a wholly-owned U.S. subsidiary, holding a 20.9 percent interest. Nevada Sunrise and Pilot Gold have approved the 2017 budget for Kinsley Mountain at US$528,000. Four RC holes totaling approximately 4,590 feet are planned in two prospective target areas. Three holes are planned to test the eastern extension of the Western Flank gold deposit. Pilot Gold, as operator, discovered the deposit in 2014 hosted by the Secret Canyon Shale and outlined a sulphide resource estimate, using multiple cut-offs, of 284,000 Indicated ounces of gold grading 6.04 grams per tonne (g/t) and 39,000 Inferred ounces grading 2.41 g/t gold. The fourth hole is planned in the southeast part of the project on the eastern flank of the Kinsley range where a surface geochemical anomaly has been identified over promising structures, in an area with sparse shallow drilling and no tests of the Secret Canyon Shale at depth.