Nevada Sunrise Update on Drilling Program at the Kinsley Mountain Gold Project in Nevada
Nevada Sunrise Update on Drilling Program at
the Kinsley Mountain Gold Project in Nevada
TSX Venture Exchange: NEV
VANCOUVER, BC
,
Sept. 1, 2020
/CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or
the "Company") (TSXV: NEV) is pleased to announce its joint venture partner New Placer Dome
Gold Corp. ("New Placer Dome", TSXV: NGLD) has given an update on drilling progress at the
Kinsley Mountain Gold Project ("Kinsley Mountain"), located near
Wendover, Nevada
, USA. Nevada
Sunrise holds a 20.01% interest in Kinsley Mountain, with New Placer Dome, as operator, holding a
79.99% interest.
The Kinsley Mountain drilling program began in
July 2020
(see Nevada Sunrise news release dated
July 30, 2020
). New Placer Dome reports that the larger reverse circulation ("RC") truck-mounted
drill rig has completed its first priority hole at Kinsley Mountain and is currently drilling a second hole.
Three drill rigs in total are working at Kinsley Mountain - two RC rigs and one core rig.
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, copper, cobalt and lithium exploration projects
located in the
State of Nevada, USA
.
The Company's key gold asset is a 20% interest in a joint venture with New Placer Dome Gold
Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near
Wendover
, with the property subject
to a 3.0% net smelter returns royalty.
Nevada Sunrise has the right to earn a 100% interest in the historic Lovelock Cobalt Mine and
Treasure Box
copper property, each located approximately 150 kilometers (100 miles) east of
Reno
, both of which are currently under option to Global Energy Metals Corp. (TSXV: GEMC) who
can earn up to an 85% participating interest from the Company. In
September 2018
, Nevada Sunrise
acquired the right to earn a 100% interest in the Coronado VMS Project, located in
Pershing County
,
approximately 48 kilometers (30 miles) southeast of Winnemucca. Nevada Sunrise owns 100%
interests in the Jackson Wash and Gemini lithium projects, both of which are located in
Esmeralda
County
. The Company owns Nevada water right Permit 44411, located within the Clayton Valley
basin near Silver Peak,
Nevada
.
FORWARD LOOKING STATEMENTS
This release may contain forward
–
looking statements. Forward looking statements are statements
that are not historical facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although
the Company believes the expectations expressed in such forward
–
looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking statements. Forward
–
looking statements
are based on the beliefs, estimates and opinions of the Company's management on the date such
statements were made. The Company expressly disclaims any intention or obligation to update or
revise any forward
–
looking statements whether as a result of new information, future events or
otherwise.
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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For further information:
Warren Stanyer, President and Chief Executive Officer, Telephone: (604)
428-8028, Facsimile:
(604) 684-9365, email: [email protected]
CO: Nevada Sunrise Gold Corporation
CNW 07:30e 01-SEP-20