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Nevada Sunrise Elects To Participate In 2014 Exploration Program At Kinsley Mountain

Stocks in this article: NEV

VANCOUVER, British Columbia, Jan. 16, 2014 (GLOBE NEWSWIRE) -- Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSX-V:NEV) is pleased to announce that the Kinsley Mountain LLC joint venture intends to begin the 2014 drill program on January 18, 2014 at the Kinsley Mountain property, located in Elko County, Nevada. The initial winter drilling program of 3,700 metres will focus on infilling and extending the Western Flank towards the "Right Spot" target, where host rocks returned significant gold values in road cut sampling. Drill results from the Western Flank and Right Spot sampling suggest that the targets may result in a gold mineralized zone stretching more than one kilometre.

2013 drill highlights from Kinsley Mountain include:

-- 8.53 g/t gold (Au) over 36.6 metres in PK091CA, including

  • 29.4 g/t Au over 7.6 metres

-- 5.00 g/t Au over 7.6 metres and 4.71 g/t over 7.3 metres in PK096C 

-- 2.50 g/t Au over 24.4 metres in PK104C

-- 1.65 g/t Au over 24.4 metres in PK074 

-- 6.34 g/t Au over 5.9 metres in PK106C, including

  • 9.91 g/t Au over 3.4 metres

The 2014 Kinsley Mountain exploration program is budgeted at US$4.47 million. Pilot Gold Inc. ("Pilot Gold") (TSX:PLG), operator of exploration at Kinsley Mountain, holds an approximate 78% interest in the joint venture, and Nevada Sunrise, through its subsidiary Intor Resources Corporation ("Intor") holds an approximate 22% interest. Intor has notified Pilot Gold of its intention to fund its approximate US$941,000 share of the proposed program in 2014.

Additional exploration drilling in 2014 will focus on targets south of the Western Flank and the past-producing Kinsley Mine where prior drilling, geologic mapping and geochemistry defined a series of robust exploration targets hosted in the Candland Shale and Secret Canyon Shale. Candland Shale is a historically-exploited regional gold host while the underlying Secret Canyon Shale provides a new host horizon discovered last year in hole PK091CA. Targets will be drilled within the historical mine area where the Secret Canyon Shale remains untested. These southern targets are drill ready and permitted under the existing Kinsley Mountain Plan of Operations.

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