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Nevada Sunrise JV Partner Pilot Gold Reports 10.5 G/T Gold Over 42.7 Metres At Kinsley Mountain, Nevada

Stock quotes in this article: NEV

VANCOUVER, British Columbia, March 12, 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 step-out drilling in hole PK131C at the Western Flank target has intersected high-grade gold mineralization of 10.5 grams per tonne gold ("g/t Au") over 42.7 metres, including 18.3 g/t Au over 22.9 metres. Drilling 500 metres south at the Right Spot target returned a near-surface, oxide gold interval of 3.57 g/t Au over 11.5 metres in PK130C.

Western Flank Results

Holes PK131C and PK132C are step-outs located approximately 25 metres north and 100 metres northwest, respectively, of PK91CA, which returned 8.53 g/t gold over 36.6 metres (see Nevada Sunrise news release dated November 18th, 2013).

Highlights include:

-- 10.5 g/t Au over 42.7 metres in PK131C, including

  • 18.3 g/t Au over 22.9 metres;

-- 7.53 g/t Au over 53.3 metres in PK132C, including

  • 14.9 g/t Au over 22.9 metres, and
  • 4.67 g/t Au over 7.6 metres

Drill holes PK132C, 131C, 91CA and 127C (6.85 g/t Au over 41.7 metres, see news release dated February 27, 2014) are aligned along a NW-SE fence over a length of 150 metres. The strong results along this trend suggest that the mineralization may be, in part, an extension of the 2.2 km long NW-SE "Kinsley Trend" structural zone, along which the historical pits are aligned. Consequently, in addition to ongoing testing the NNE-SSW "Western Flank" structure, Pilot Gold is planning drill holes along the corridor between the Western Flank target and the historical Upper Pit, located 550 metres to the southeast. Shallow historical drilling in the pits stopped short of testing the stratigraphic horizon hosting high-grade mineralization, referred to as the Secret Canyon shale, in the Western Flank target, and Pilot Gold believes the potential for mineralization below the limits of the pits may be extensive. 

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