Nevada Sunrise Gold (NEV-V) and Liberty Gold (LGD-V) received assays of up to 5.42 grams of gold per tonne over 9.1 metres at the Kinsley Mountain gold project in eastern Nevada. (Nevada Sunrise, which owned the project, granted Liberty an option to earn a 65-per-cent interest several years ago. Liberty did so by 2013 and Nevada Sunrise subsequently elected to dilute its interest and Liberty now owns a 79.1-per-cent interest in the project.)
The drilling this year targeted possible extensions of the Western Flank deposit, discovered by Liberty Gold four years ago. (Western Flank holds 1.46 million tonnes indicated at 6.04 grams per tonne and 508,000 tonnes inferred at 2.41 grams per tonne within the Secret Canyon Shale rock.) Five of seven attempted holes were completed in the 2018 program and while all but one of them returned gold, the grades were lower, and they occurred over shorter intervals than in the one promotable test.
Mr. Stanyer, president and chief executive officer of Nevada Sunrise, and Mr. Everett, president and CEO of Liberty, called the one glittering result a "significant stepout in the Western Flank zone." With the other tests, they were left to laud the knowledge gained from "valuable data in specific fault zone locations and mineralized breccia zones near the faults." (Promoters, eager learners when they are not getting scintillating assays, always see the bright side in collecting data.) |
