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Nevada Sunrise JV Partner Pilot Gold Reports 21.3 G/T Gold Over 29.0 Metres At Kinsley Mountain, Nevada

Stocks in this article: NEV

VANCOUVER, British Columbia, April 23, 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 infill and step-out drilling at Kinsley Mountain's Western Flank target continues to intersect high-grade gold mineralization, including 21.3 grams per tonne gold ("g/t Au") over 29.0 metres in hole PK137C. The upper portion of this intercept in PK137C, including an interval grading 46.4 g/t Au over 4.9 metres, is oxidized, similar to other nearby drill holes with high-grade zones of oxidation.

Highlights from the five remaining drill holes from the 12-hole, 3,500 metre winter diamond drilling program in the Western Flank area include:

  • 10.6 g/t Au over 30.0 metres in PK133C (step-out), including
    • 16.1 g/t Au over 16.5 metres;
  • 1.44 g/t Au over 12.2 metres and 2.84 g/t Au over 18.9 metres in PK134C (step-out)
  • 21.3 g/t Au over 29.0 metres in PK137C* (infill), including
    • 46.4 g/t Au over 4.9 metres (oxide), and
    • 32.7 g/t over 11.4 metres
  • 15.6 g/t Au over 38.7 metres in PK137CA (infill), including
    • 26.2 g/t Au over 21.9 metres;

*PK137C was lost in the mineralized zone due to poor ground conditions higher in the hole, and does not represent a complete intercept of the zone. PK137CA was wedged off the same hole from above the mineralized zone using NQ-size tools and was completed through the mineralized zone in a location immediately adjacent to PK137C, effectively representing a twin of PK137C and a complete intercept of the mineralized zone.

Pilot Gold reports that the infill and step-out drilling extends the high-grade zone at the Western Flank target, and that the zone remains open in all directions. Hole PK137C/CA is an infill hole between PK132C (7.53 g/t over 53.3 metres), PK131C (10.5 g/t Au over 42.7 metres) and PK91CA (8.53 g/t gold over 36.6 metres) (see Nevada Sunrise news releases dated March 12, 2014 and November 18th, 2013), and provides additional definition along a 150 metre-long, NW-trending zone of high-grade mineralization intersected in five drill holes in the central Western Flank target area. Pilot Gold believes that the strong results along this trend suggest that the mineralization may be an extension of the 2.2 kilometre long NW-SE "Kinsley Trend" structural zone, along which the historical pits are aligned. Shallow historical drilling in the pits stopped short of testing the stratigraphic horizon hosting high-grade mineralization in the Western Flank target, and thus the potential for mineralization below the limits of the pits may be extensive.

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