Nevada Sunrise Gold (NEV-V) resumes drilling at Kinsley Mountain - youtube.com
May 8, '14 - NR
Nevada Sunrise Gold Corp. resumed drilling on May 7, 2014, at the Kinsley Mountain property in Nevada. The 2014 drill program operated by Pilot Gold Inc. ("Pilot Gold") (TSX: PLG) has re-started with one core rig and two reverse circulation rigs after a successful winter program, which intersected high-grade gold in several holes over significant widths.
Highlights from the 12-hole, 4,229 metre 2014 winter diamond drilling program at the Western Flank include:
- 6.85 g/t Au over 41.7 metres in PK127C;
- 10.5 g/t Au over 42.7 metres in PK131C;
- 7.53 g/t Au over 53.3 metres in PK132C;
- 10.6 g/t Au over 30.0 metres in PK133C;
- 1.44 g/t Au over 12.2 metres and 2.84 g/t Au over 18.9 metres in PK134C;
- 21.3 g/t Au over 29.0 metres in PK137C*;
- 15.6 g/t Au over 38.7 metres in PK137CA*.
*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.
The remaining 21,300 metres in the 2014 drill program will be focused on step-out drilling around the high-grade mineralization in the Western Flank target, as well as exploration drilling at the Right Spot, Secret Spot and other compelling targets across the property. Pilot Gold is currently operating under an approved 65 acre (26.3 hectares) Plan of Operations, and has secured 1,080 acre/feet of water rights. An amendment to the Plan of Operations is currently pending for an additional 23 acres (9.3 hectares) on the Kinsley North claims, which host a series of high-priority targets that have never been drill tested.
Western Flank target
The Western Flank target is located 550 metres northwest of the past-producing pits at Kinsley. The original target concept involved north-northeast-plunging zones of mineralization hosted primarily in the Candland Shale. The target has since been expanded to include a possible west-northwest-trending zone of high-grade gold mineralization hosted in stratigraphic units, including the Clark Springs Limestone and Secret Canyon Shale, which were neither identified nor tested by previous operators. The Western Flank's deeper mineralization may be, in part, an extension of the 2.2 kilometre long NW-SE "Kinsley Trend" structural zone, along which the historical pits are aligned. Consequently, in addition to ongoing testing of the original NNE-SSW "Western Flank" structure, drill holes will also be planned to test deeper mineralization along the corridor between the Western Flank target and the historical Upper Pit. 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 historical pits may be extensive.
Right Spot and Secret Spot targets
Gold is hosted at the "Right Spot" target in multiple stratigraphic units. The upper stratigraphic units (Big Horse Limestone and Candland Shale, the main gold hosts in the past-producing mine) from the Western Flank rise to the surface 500 metres to the south at the Right Spot target. Mapping and rock sampling identified a 250-metre north-northeast zone of surface jasperoids returning 1-5 grams/tonne gold in grab samples. The Candland Shale is also present on surface an additional 500 metres to the south at the "Secret Spot", where it hosts gold-bearing jasperoid alteration. Initial 2014 drill results from the Right Spot target include:
- 3.57 g/t Au over 11.5 metres in PK130C, including 5.87 g/t Au over 3.1 metres
For a map showing the 2014 target areas, a long section of the Western Flank/Right Spot area, and a table of 2014 Kinsley Mountain drill results to date, including non-reportable intercepts, please access Nevada Sunrise's website under "Exploration - Kinsley Mountain" at: nevadasunrise.ca
ABOUT KINSLEY MOUNTAIN
Kinsley Mountain hosts near-surface mineralization similar to other Carlin-style, sediment-hosted gold systems. The Kinsley Mountain project is located in eastern Nevada near the Utah border, approximately 160 kilometres (100 miles) southeast of Elko, Nevada, and consists of 412 claims covering approximately 3,322 hectares (8,208 acres). Kinsley Mountain hosts a past-producing mine with an extensive exploration database and numerous, untested gold targets.
Kinsley Mountain is an early-stage exploration project and does not contain any mineral resource estimates as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further exploration will result in these targets being delineated as a mineral resource.
In 2013, Pilot Gold solely funded a US$3.8 -million exploration program at Kinsley Mountain, which following the application of allowable 2013 budget overruns, increased its participating interest to approximately 79%, with Nevada Sunrise holding an approximate 21% interest.
John R. Kerr, P.Eng., is the Company's designated Qualified Person for this news release within the meaning of NI 43-101 and has reviewed and approved the technical information contained in this release. Drill composites were calculated using a cut-off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-100% of the reported lengths.
For further information about Kinsley Mountain please refer to a technical report entitled "Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A.", effective February 15, 2012 and dated March 26, 2012, prepared by Michael M. Gustin, CPG of Mine Development Associates and Moira Smith, Ph.D., P.Geo. and Kent Samuelson of Pilot Gold, filed on May 9, 2012 under Nevada Sunrise's Issuer Profile on SEDAR at www.sedar.com and also available for viewing on Nevada Sunrise's website at www.nevadasunrise.ca |
