Nevada Sunrise Samples 1.98% Cobalt at Lovelock Cobalt Mine and 41.56% Copper at Treasure Box in Nevada
Nevada Sunrise Samples 1.98% Cobalt at Lovelock Cobalt Mine and 41.56%
Copper at Treasure Box in Nevada
TSX Venture Exchange: NEV
VANCOUVER, March 22, 2018 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the
"Company") (TSXV: NEV) is pleased to announce exploration results from surface sampling at the historic
Lovelock Cobalt Mine (the "Lovelock Mine"), and the Treasure Box and Boyer Mine copper properties (the
"Treasure Box"), located in the Stillwater Range of Churchill County, approximately 100 miles (150
kilometers) east of Reno, Nevada. Nevada Sunrise has the right to purchase a 100% interests in each of
the Lovelock Mine, Treasure Box and the Boyer Mine properties, subject to underlying royalties (see
Nevada Sunrise news releases dated December 29, 2017 and March 5, 2018).
"Surface sampling at our Stillwater Range properties continues to impress," said Warren Stanyer,
President and CEO of Nevada Sunrise. "We have applied to the Bureau of Land Management for a 6-
hole drilling permit at the Lovelock Mine and are preparing applications for drilling at the Treasure Box."
2018 Geochemical Sampling at Lovelock Cobalt Mine and the Treasure Box
During a staking program at the Treasure Box in February 2018, Nevada Sunrise collected grab rock
samples at both the Lovelock Cobalt Mine and at the Treasure Box, located approximately 3.6 miles (5.8
kilometres) apart in the northeastern Stillwater Range. The grab samples were taken from historical mine
waste, trenches and other bedrock occurrences. Both sets of samples show strong enrichment in cobalt,
nickel, copper and silver in certain samples. Three of the eight Lovelock Mine samples exceeded 1,500
parts per million cobalt, and ten of the thirteen Treasure Box samples exceeded 1.0% copper. Analytical
highlights are shown below in Table 1 and 2:
Table 1. Lovelock Mine
Sample No. Location Cobalt
(%)
Nickel
(%)
Copper
(%)
Silver
(g/t)
LCR-670b Lovelock Mine waste 1.98 3.12 0.22 4.79
LCR-670a Lovelock Mine waste 0.16 0.40 2.06 29.69
LCR-670c Lovelock Mine waste 0.28 0.65 0.58 1.94
Treasure Box and Boyer Mine grab samples were collected at locations along a mineralized trend that
extends at least 1.6 miles (2.6 kilometres) across the central part of the claims block. These results
confirm the existence of widespread enriched copper-silver mineralization as previously reported by
DeMatties (2017).
Table 2. Treasure Box
Sample No. Location Copper
(%)
Gold
(g/t)
Silver
(g/t)
Primary
Mineralization
TR-667a Treasure Box W. Shaft mine waste 41.56 trace 4.69 Sulfide
TR-658 Boyer Mine historical adit 19.86 trace 4.51 Sulfide
TR-668 Treasure Box historical trench 13.20 0.38 124.0 Oxide
TR-667c Treasure Box West Shaft mine waste 10.98 trace 1.83 Oxide
TR-669a Main Treasure Box mine adit 4.27 trace 0.56 Oxide
TR-664 Treasure Box East float 4.19 trace 47.57 Oxide
Tr-667b Treasure Box West Shaft mine waste 2.02 trace 1.02 Mixed
Note: Samples shown in Tables 1 and 2 are hand-selected, high-grade samples that may not be
indicative of the nature and grade of mineralization over a wide area. Weights of individual samples
depicted in Tables 1 and 2 range from 0.65 kilograms (1.43 lbs.) to 1.85 kilograms (4.08 lbs.) per sample.
About the Lovelock Cobalt Mine
The Lovelock Mine property currently consists of 70 unpatented lode claims in the Cottonwood Canyon
area of the Stillwater Range totaling approximately 1,400 acres (567 hectares).
The Lovelock Mine was reportedly discovered by George Lovelock and Charles Bell about 1880.
According to U.S. Government annual reports, limited production of nickel, copper and cobalt began in
1883. The primary cobalt mineral was identified as "cobaltite", a compound of cobalt, sulphur and arsenic
with some nickel replacement of cobalt normal. Records of a geochemical analysis from that era indicate
that the average composition of the cobaltite contained 17.30% cobalt and 13.62% nickel. The mine
operated from 1883 to 1890 to the 100-foot level, reporting 500 tons of concentrated cobalt and nickel
mineralized material shipped to Britain for processing. After intermittent production, a British company
attempted smelting on site in 1898 but the smelter suffered equipment failures and production ceased.
(Source: "Mineral Resources of the United States for 1885", 1886). No further production from the
Lovelock Mine is known for well over a century.
For further information about the Lovelock Mine, including scanned copies of certain historical reports
produced by the Nevada Bureau of Mines and predecessors of the United States Geological Survey,
please visit the Company's website at: http://www.nevadasunrise.ca/projects/lovelock-cobalt-mine/
About the Treasure Box Mine and the Boyer Mine Properties
The combined area of the Treasure Box unpatented claims and the Boyer Mine patented claims total
approximately 1,300 acres (526 hectares). The two properties are contiguous and some of the claim
boundaries dating back to 1901 are still intact. The Treasure Box and Boyer Mine properties each host
mine workings from limited copper production, which occurred until early into the 20th century. A historical
diamond drill hole (circa 1910) drilled at the Treasure Box by the Boyer-Nevada Copper Company
reportedly intersected 1.52% copper over 85 feet (25.9 metres) with mineralization beginning at
surface. A reverse circulation hole drilled on the Treasure Box and reported by Utah International in 1976
returned 1.55% copper over 40 feet (12.2 metres) from a depth of 85 to 125 feet (25.9 to 38.1 metres),
and the hole was stopped in chalcopyrite mineralization. The core Treasure Box claims were held
continuously for over 20 years by a private company but were relinquished in September 2017, leading to
their acquisition by Nevada Sunrise.
The Boyer Mine was discovered by Alva Boyer who made the original discovery of high-grade oxide
copper mineralization in the early 1860s. Some hand-sorted material was shipped by wagon train through
Sacramento to Swansea, Wales for processing ("Reconnaissance of Mining Districts in Churchill County,
Nevada", Vanderburg, 1940). In the modern exploration era, Boxxer Gold Corp. carried out trenching in
2007, successfully outlining a mineralized zone at the Boyer Mine property but did not execute a long-
term option agreement with the vendor. In 2014 and 2015, Discovery Harbour Resources Corp. carried
out geophysical surveys, geochemical sampling and drilled 12 holes on the Boyer Mine claims and
adjacent areas. The best intersections were in hole 2B14-06, which intersected a true thickness of 21 feet
(6.4 metres) of mineralization grading 0.84% copper, including 4 feet (1.22 metres) of 3.22% copper, and
hole 2B14-07, which intersected a true thickness of 60 feet (18.29 metres) of mineralization grading
0.37% copper, including 2 feet (0.61 meters) grading 1.09% copper and 5 feet (1.52 metres) grading
1.02% copper.
For further information about the Treasure Box and Boyer Mine copper properties, including scanned
copies of historical reports produced by the U.S. Bureau of Mines and other publications, please visit the
Company's website at: http://www.nevadasunrise.ca/projects/treasure-box-copper-project/
Geochemical analyses for the Treasure Box and Lovelock Mine samples were performed by Bureau
Veritas of Vancouver, BC, Canada, with a 53-element analytical package by ICP-MS after modified aqua
regia digestion, following sample crushing and preparation in the Bureau Veritas, Reno, Nevada
facility. Over limit samples were reanalyzed by ICP-ES by HNO3-HCl acid digestion.
Robert M. Allender, Jr., CPG, RG, SME is the Company's designated Qualified Person for this news
release within the meaning of National Instrument 43-101 and has reviewed and approved the technical
information contained herein. Readers are cautioned that some of the technical information described in
this news release is historical in nature; however, the information is deemed credible and was produced
by professional geologists of the eras discussed.
About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in
Vancouver, BC, Canada, that holds interests in gold, lithium and cobalt mineral exploration projects in the
State of Nevada, USA.
The Company's two key gold assets include a 100% interest in the Golden Arrow project near Tonopah,
currently the subject of a transaction with Emgold Mining Corporation (TSXV: EMR) and a 21% interest in
a joint venture at Kinsley Mountain with Liberty Gold Inc. (TSX: LGD, formerly Pilot Gold Inc.) near
Wendover, with each of the properties subject to certain production royalties.
In November 2017, Nevada Sunrise announced an option to earn a 100% interest in the historic Lovelock
Cobalt Mine property, located approximately 100 miles (150 kilometers) east of Reno. In March 2018, the
Company announced options to earn 100% interests in the Treasure Box and Boyer Mine properties,
located approximately 3.6 miles (5.8 kilometers) southwest of the Lovelock Mine.
Nevada Sunrise began acquisitions of Nevada lithium properties in 2015, which includes 100% interests
in the Neptune, Jackson Wash and Aquarius projects, and a 50% interest in the Gemini project (Eureka
Resources Inc. (TSXV: EUK) holds a 50% interest), and a 100% interest in the Atlantis project, currently
under option to American Lithium Corp. (TSXV: LI). For further information on other Nevada lithium
projects operated by the Company (Aquarius, Neptune, Jackson Wash and Gemini), including location
maps, please visit the Nevada Sunrise website at: "Projects – Nevada Lithium":
http://www.nevadasunrise.ca/projects/nevadalithium/
Forward Looking Statements
All statements in this release, other than statements of historical fact, are "forward-looking information"
with respect to Nevada Sunrise Gold Corporation ("Nevada Sunrise") within the meaning of applicable
Canadian securities laws, including statements that address future mineral production, reserve potential,
exploration drilling, the future price of gold and other metals and minerals, potential quantity and/or grade
of minerals, potential size of a mineralized zone, potential expansion of mineralization, the timing and
results of current or future mineral resource estimates, or other study, proposed exploration and
development of our exploration properties and the estimation of mineral resources. Forward-looking
information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan",
"continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential",
and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain
actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be
achieved. These statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievement of Nevada Sunrise to differ materially from those
anticipated in such forward-looking information.
Such factors include, among others, risks related to the interpretation and actual results of historical work
at the Lovelock Mine and Treasure Box/Boyer Mine properties, reliance on technical information provided
by third parties on any of our exploration properties, including access to historical information on the
Lovelock Mine and Treasure Box/Boyer Mine properties, current exploration and development activities;
changes in project parameters as plans continue to be refined; current economic conditions; future prices
of commodities; possible variations in grade or recovery rates; failure of equipment or processes to
operate as anticipated; the failure of contracted parties to perform; failure of Nevada Sunrise to complete
anticipated work programs; labor disputes and other risks of the mining industry; delays in obtaining
governmental approvals, financing or in the completion of exploration, as well as those factors discussed
in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the
Three Months ended December 31, 2017, which is available under Company's SEDAR profile at
www.sedar.com
Although Nevada Sunrise has attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking information, there may be
other factors that cause actions, events or results not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate as actual results and future events
could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention
or obligation to update or revise any forward-looking information, whether as a result of new information,
future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking
information.
Forward-looking statements are made as of the date hereof and accordingly are subject to change after
such date. Except as otherwise indicated by Nevada Sunrise, these statements do not reflect the
potential impact of any non-recurring or other special items or of any dispositions, monetizations,
mergers, acquisitions, other business combinations or other transactions that may be announced or that
may occur after the date hereof. Forward-looking statements are provided for the purpose of providing
information about management's current expectations and plans and allowing investors and others to get
a better understanding of our operating environment. Nevada Sunrise does not undertake to update any
forward-looking statements that are included in this document, except in accordance with applicable
securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of TSX Venture Exchange) accepts responsibility for the adequacy of 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.
SOURCE Nevada Sunrise Gold Corporation
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http://www.newswire.ca/en/releases/archive/March2018/22/c6962.html
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For further information: Warren Stanyer, President and Chief Executive Officer, Telephone: (604)
428-8028, Facsimile: (604) 484-7143, email: [email protected], Website:
www.nevadasunrise.ca
CO: Nevada Sunrise Gold Corporation
CNW 08:30e 22-MAR-18