-- Posted Thursday, 8 July 2010 | Digg This Article
| | Source: GoldSeek.com
Mr. William Henderson reports:
Nevada Sunrise Gold Corporation (TSX-V: NEV) is pleased to report significant progress in the field exploration program at the Kinsley Mountain project area in Nevada. The program is a joint exploration venture with Animas Resources Ltd. (TSX-V: ANI), the project operator. Highlights of the program include,
§ Purchased public domain aeromagnetics
§ Completed an extensive multi-element soil survey
§ Completed a ground gravity survey
§ Scanned historic data and building a comprehensive GIS data base
§ Advanced the geologic mapping and selective sampling
§ Completed an environmental audit
Kinsley Mountain, Nevada
The Kinsley Mountain property is located in the Basin and Range of eastern Elko County, Nevada, between the towns of Ely and Wendover. The property consists of 141 unpatented lode mining claims covering an area of approximately 1,136 hectares (2,807 acres). Gold mineralization is hosted with a section of Cambrian-age sedimentary rock units including limestone, dolomite and shale. This mineralization exhibits characteristics similar to other sedimentary-rock hosted “Carlin type” gold deposits in northern Nevada. Gold was discovered at Kinsley Mountain in the 1980’s, and Alta Gold produced some 135,000 ounces of gold from oxidized material mined from a number of small open pits. The greater property area has not had systematic exploration.
Animas, the project operator, has completed the following:
§ Magee Geophysical Services of Reno Nevada completed a 424 station property-wide gravity geophysical survey.
§ Enviro-scientists completed an environmental due diligence report.
§ North American Exploration, of Kaysville Utah, completed a property-wide soil geochemical survey. A total of 1,610 samples were analyzed by ALS Chemex for multi-element geochemistry.
§ The preparation of a new geological map of the property, with full consideration of the geological characteristics of recent gold discoveries in nearby areas, is nearly 75 % complete and includes selective rock chip sampling. Map attributes will be selected to highlight what we understand to be diagnostic features at the West Pequop, Long Canyon and Kings Canyon deposits, which occur in similar stratigraphy on the same “trend”. The geologists will be encouraged to collect rock‐chip geochemical samples at their discretion. They will also complete drainage‐sediment sampling of the northern Kinsley Range surrounding the project property.
§ Animas purchased propriety regional aeromagnetic survey data for the region surrounding Kinsley Mountain from GETECH of Denver Colorado. This is 1000‐foot draped data acquired by PRJ in 1987‐ 1988 with a 1.5 x 1.5 mile traverse interval.
§ GEOMAX is under contract to build and maintain a complete exploration Geographic Information System (GIS) database for the Kinsley Mountain project. This includes the compilation and integration of all technical information within a GIS for interpretation and exploration targeting.
§ Precision Document Imaging of Reno Nevada scanned more than 4,000 individual documents into a searchable computer-based archive.
Nevada Sunrise and Animas signed the definitive agreement for Kinsley Mountain on June 30, 2010.
About Nevada Sunrise Gold Corporation
Nevada Sunrise Gold Corp. is a gold exploration company that has a portfolio of four projects in Nevada. The Company controls about 12,133 acres. Two of the projects are in exploration earn‐in joint venture agreements for up to $12 million in work commitments. The Company applies the extensive exploration experience and high‐end technical skills of its founders to search for and acquire new gold exploration projects that are developed internally and then offered for joint venture. Nevada Sunrise Gold Corp. is listed on the Toronto Venture Stock Exchange under the symbol NEV and on the OTCBB under the symbol NVSGF.
This news release was prepared by Company management, who take full responsibility for its content. The technical disclosure in this news release has been reviewed by Richard Kehmeier, a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.
ON BEHALF OF THE BOARD
William Henderson
President and CEO
Office: (530) 887-9901
Cell: (916) 812-7001
Fax: (530) 884-3822
Email: ir@nevadasunrise.com
Website: www.nevadasunrise.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
-- Posted Thursday, 8 July 2010 | Digg This Article | Source: GoldSeek.com
