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Nevada Sunrise JV Partner Pilot Gold Reports 6.85 G/t Gold Over 41.7 Metres At Kinsley Mountain, Nevada

Stocks in this article: NEV

VANCOUVER, British Columbia, Feb. 27, 2014 (GLOBE NEWSWIRE) -- Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSX-V:NEV) is pleased to announce that Pilot Gold Inc. ("Pilot Gold") (TSX:PLG), operator for the Kinsley Mountain joint venture, has reported to the Company that new drilling in step-out hole PK127C at Kinsley Mountain's Western Flank target has intersected high-grade gold mineralization of 6.85 grams per tonne gold ("g/t Au") over 41.7 metres.

Holes PK127C and PK126C are step-out holes located approximately 30 metres east and 30 metres west, respectively, of hole PK91CA, which returned 8.53 g/t Au over 36.6 metres (see Nevada Sunrise news release dated November 18, 2013).

Highlights from the 2014 drill program's first two holes include:

-- 6.85 g/t Au over 41.7 metres in PK127C, including

  • 16.6 g/t Au over 8.5 metres (oxide), and
  • 20.5 g/t Au over 3.6 metres (oxide)

-- 1.70 g/t Au over 13.7 metres in PK126C, including

  • 7.10 g/t Au over 1.5 metres

These assay results better define the size and shape of the high-grade zone at the Western Flank target. Intercepts in both holes are located at the approximate elevation of PK91CA, suggesting that the high-grade zone is nearly flat-lying in an east-west orientation. The bottom portion of the PK127C intercept is in highly-oxidized rock that returned strong gold recoveries in cyanide soluble assays. Assay results from four additional holes, drilled 25-50 metres to the north and south of PK91CA and PK127C, are pending. The high-grade zone is located in a previously unrecognized stratigraphic horizon below the limit of prior drilling.

Pilot Gold states that these latest results confirm that the newly-discovered zone of high-grade mineralization is open in all directions, and that prospective stratigraphy and structure occurs over 1.7 kilometres in the Western Flank, including areas under, and to the south of, the historical Kinsley Mine. As a result, Pilot Gold reports that the scale of potential has increased markedly at Kinsley Mountain.

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