-- Posted Friday, 24 September 2010 | Digg This Article
| | Source: GoldSeek.com
Vancouver, B.C. - Nevada Sunrise Gold Corp. (“Nevada Sunrise”, or the “Company”) (NEV.V) (NVSGF.PK) is pleased to announce that the Company, on behalf of the earn-in joint venture with Animas Resources Ltd., has increased the size of its Golden Arrow property in Nevada by staking a total of 84 additional claims along the north and south boundary of the current block. The estimated area of land covered by these claims is just over 1,500 acres (about 607 hectares).
The Golden Arrow property is located in the central Nevada high desert, approximately 60 kilometers (40 miles) east of Tonopah, Nye County, Nevada, on the eastern flank of the Kawich Range and the eastern rim of the Kawich volcanic caldera.
Drilling Begins at Golden Arrow
The 2010 drilling program consists of 16 reverse-circulation (RC) drill holes for a total of 14,000 feet plus 4 diamond core drill holes for a total of 4,000 feet. These holes will test numerous untested exploration targets.
· 20 drill holes totalling approximately 18,000 feet (5,480 meters) including:
o 16 Reverse Circulation (RC) drill holes
o 4 Core drill holes
· 3 distinct target types including:
o 9 holes (6 RC and 3 Core) to test for *Round Mountain style gold mineralization
o 10 holes (9 RC and 1 Core) to test for new Gold Coin style gold mineralization
o 1 RC hole to test a geophysical anomaly under shallow gravel cover
About *Round Mountain
The Round Mountain Gold Deposit is a very large, epithermal, low-sulfidation,
volcanic-hosted, hot-springs type, precious metal deposit. It ranks among the top ten producing US gold mines with past production plus remaining resources exceeding 15 million ounces.
About Nevada Sunrise
Nevada Sunrise Gold Corp. is a gold exploration company that has a portfolio of five projects in Nevada. The Company controls about 15,200 acres (6,150 hectares). Two of the projects are in exploration earn-in joint venture agreements for up to $12 million in work commitments. The Company applies the exploration experience and 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. For the latest information on the Company, its properties, our management team and philosophy, please visit our website at www.nevadasunrise.com.
The technical disclosure in this news release has been reviewed by Richard Kehmeier, a director of Nevada Sunrise Gold Corporation and a Qualified Person as defined by N.I. 43-101 of the Canadian Securities Administrators.
FOR FURTHUR INFORMATION:
William B. Henderson
President and Chief Executive Officer
Telephone: (530) 887-9901
Facsimile: (530) 884-3822
e-mail: ir@nevadasunrise.com
CAUTIONARY NOTE
This document contains forward-looking statements which may include, but is not limited to, statements with respect to the timing of our exploration and drilling programs; geological models; expectations related to enhancing resource grades; financing plans and availability of future financing for our projects; anticipated results of our exploration and other plans, projections, estimates and expectations. Forward looking statements address future events and conditions which are subject to various risks and uncertainties which are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. For details of the Company, its business and properties, including risks relating to an investment in securities of the Company, see the Company’s audited financial statements for the years ended September 30, 2009 and 2008, interim financial statements for the nine month period ended June 30, 2010 and related management discussion and analysis, which are available on SEDAR at www.sedar.com or directly from the Company.”
Neither the 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 release.
The Securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.
-- Posted Friday, 24 September 2010 | Digg This Article | Source: GoldSeek.com
