-- Posted Thursday, 28 May 2009 | Digg This Article
| | Source: GoldSeek.com
VANCOUVER, BC--(MARKET WIRE)--May 28, 2009 -- Nevada Sunrise Gold Corporation (CDNX:NEV.V - News) completed its updated NI 43-101 Technical Report for the Golden Arrow project located in Nye County, Nevada. The updated mineral resource report includes results from the 2008 drilling program.
The Classified Mineral Resource report is quoted at a variable cut-off grade of 0.010 ounces per ton (opt) gold for oxide material and 0.015 opt gold for non-oxidized material and consists of:
-A measured and indicated resource of 296,500 ounces of gold at an average grade of 0.024 opt Au, and 4,008,000 ounces silver at an average grade of 0.33 opt Ag (12,172,000 tons).
- An additional inferred resource of 50,400 ounces gold at an average grade of 0.013 opt Au, and 1,249,000 ounces silver at an average grade of 0.33 opt Ag (3,790,000 tons).
The Technical Report on the Golden Arrow Project dated May 1, 2009 can be found on Sedar at www.sedar.com or on our website at www.nevadasunrise.com.
About Nevada Sunrise
Nevada Sunrise Gold Corporation is focused on exploration and development of precious metal properties in Nevada. Odin D. Christensen, PhD, Certified Professional Geologist, is the Company's designated Qualified Person for this news release and has reviewed the information contained in the release and confirmed that it is consistent with that provided by the independent QP responsible for the resource estimate, Steven Ristorcelli of MDA.
CAUTIONARY NOTE
This news release contains forward-looking statements, which address future events and conditions that are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Contact:
FOR FURTHER INFORMATION:
William B. Henderson
President and Chief Executive Officer
Telephone: (530) 887-9901
Facsimile: (530) 884-3822
-- Posted Thursday, 28 May 2009 | Digg This Article | Source: GoldSeek.com
