CA Market News
3週前
Nevada Sunrise Announces Private PlacementJune 8, 2026 4:57 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 8, 2026) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) ("Nevada Sunrise" or the "Company") announced today a private placement (the "Offering") of up to $1,260,000, consisting of 42,000,000 units (the "Units") at a price of $0.03 per Unit, each Unit consisting of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.05 for a period expiring three years following the closing date of the Offering. Proceeds of the Offering are anticipated be used for operating expenses and outstanding payables over the next 12 months, as follows:Mineral exploration expenditures - $800,000;
Mineral property option payments - $155,000;
Investor relations and promotion - $69,500;
Management fees and salaries due to non-arm's length parties to the Company - $195,000;
Other outstanding payables and unallocated working capital - $40,500.The Offering is available to accredited investors and individuals that may qualify under certain other statutory exemptions. The securities issued pursuant to the Offering will be subject to a statutory four-month hold period. Finder's fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the Company to certain subscribers participating in the Offering. The Offering is subject to acceptance of the TSX Venture Exchange.This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About Nevada SunriseNevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in the State of Nevada, USA. Nevada Sunrise holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers (33 miles) southwest of Ely, NV.Nevada Sunrise holds the right to earn a 79% interest in the Fivemile Gold Project, located approximately 40 kilometers (25 miles) south of Battle Mountain, NV.Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV. As a complement to its exploration projects in Esmeralda County, the Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, NV.For Further Information Contact:Warren Stanyer, President and Chief Executive Officer
email: warrenstanyer @heehee1
Website: www.nevadasunrise.caFORWARD-LOOKING STATEMENTSThis 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 and include disclosure of anticipated exploration activities. 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.Such factors include, among others, risks related to future plans for the Company's Nevada mineral properties; reliance on technical information provided by third parties on any of our exploration properties; changes in mineral project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or metallurgical recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays due to weather; 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 Six Months ending March 31,2026, which is available under Company's SEDAR profile at www.sedarplus.ca.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.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 Metals 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.NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/300407 Original: Nevada Sunrise Announces Private Placement
CA Market News
1月前
Nevada Sunrise Enters into Earn-in Option Agreement for the Fivemile Gold Project, Cortez Mining District, NevadaMay 26, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF)("Nevada Sunrise" or the "Company") is pleased to announce an earn-in option agreement (the "Agreement") whereby the Company can earn up to a 79% working interest in the Fivemile Gold Project ("Fivemile", or the "Property"), located within the Battle Mountain-Eureka-Cortez gold trend in Lander County, Nevada. Fivemile consists of 266 unpatented mineral claims on Bureau of Land Management land totaling approximately 5,496 acres (2,224 ha) situated approximately 5 miles (8 kilometres) southwest of the Fourmile gold deposit owned 100% by Barrick Mining Corporation ("Barrick") and 4 miles (6.4 kilometres) south-southwest of the Cortez Hills mine operated by Nevada Gold Mines LLC ("NGM"), a joint venture between Barrick (61.5%) and Newmont Mining Corporation (38.5%).The exploration targets at Fivemile are two-fold: epithermal gold/silver mineralization related to the Caetano Caldera, possibly superimposed on an earlier Carlin-type gold deposit(s), similar to the Fourmile, Goldrush and Cortez Hills deposits (Figure 1). "Fivemile is an excellent greenfields exploration opportunity for Nevada Sunrise in one of the world's richest gold districts," said Warren Stanyer, President and CEO of the Company. "The lessons learned from the 2015 discovery of the high-grade Fourmile deposit as it steadily developed to its current status as the premiere Nevada gold deposit, has galvanized a new exploration model for deeper and higher grade Carlin-type gold deposits. The hunt by several major and junior companies for another Fourmile-type deposit is on. Nevada Sunrise is eager to begin exploration at Fivemile, which contains favourable interpreted geological, geophysical and structural features similar to those observed at the Fourmile deposit - the greatest gold discovery made in Nevada in generations."Figure 1: Location of Fivemile Gold Project in the Cortez Trend To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/298829_f3b2592bb4ad8b1f_001full.jpgAbout FivemileThe majority of the Fivemile claims, staked in 2025 and 2026, cover an area of alluvium-covered shallow pediment, referred to by the Company as "Fivemile Flats" (see Figure 2), which has no outcrop, inhibiting previous surface exploration. The Fivemile gold exploration target was generated by reprocessing publicly-available data collected by the United State Geological Survey (the "USGS") and integrating that data with a proprietary geological interpretation of structural features that are visible in the geophysical, geological and satellite imagery data. The geophysical signature of Fivemile is observed as the conjunction of a gravity high anomaly and a magnetic low anomaly (Figure 3). The gravity high at Fivemile mirrors a gravity high associated with the Fourmile and Goldrush deposits located 5 miles to the northeast. The presence of the Fivemile gravity high suggests a shallow dense rock body, possibly a rhyolite dome or a bedrock high, which could be Lower Plate carbonate rocks, the main host for Carlin-type gold deposits in the Cortez district. A magnetic low anomaly in this setting, commonly indicates hydrothermal destruction of magnetite in igneous rocks. Coincident magnetic lows and gravity highs are the hallmark of concealed yet shallow epithermal gold-silver deposits, and, in this location, such volcanic-associated mineralization may have overprinted an earlier Carlin-type gold deposit.Figure 2: Location of the Fivemile claims in Fivemile Flats (looking southeast)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/298829_f3b2592bb4ad8b1f_002full.jpgFivemile Exploration TargetsThe primary exploration target at Fivemile is situated along the western border of the Cortez apical graben that formed in Eocene time in the core of a south-plunging anticline and hosts the Cortez Hills and Cortez deposits, respectively located 4 to 5.5 miles (6.4 to 8.3 kilometres) to the north (Figure 3). Fivemile lies in the same relative position as the Fourmile and Goldrush deposits, which are located along the western border of a larger Eocene-Miocene apical graben in the core of a larger NNW-SSE trending regional anticline (Figure 3). The center of this apical graben localized the Northern Nevada Rift zone in mid-Miocene time. Miocene lake sediments were deposited in this graben.From geophysical and geological data, the Company has inferred a regional NE-SW trending fault that passes through the Fourmile-Goldrush and Toiyabe mine areas and the Fivemile area. This fault, herein referred to as the "Fourmile Fault", was active in Eocene through Miocene time and controlled gold mineralization where it intersected N-S trending graben normal faults. In the Fivemile area, this fault probably localized part of the Caetano Caldera ring-fracture system and also intersected and offset N-S Cortez graben faults in the vicinity of the geophysical anomalies.Figure 3: Geological setting of the Fivemile Project To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/298829_f3b2592bb4ad8b1f_003full.jpgInitial exploration plans for Fivemile include:High-resolution gravity and magnetic surveys to better define the conjunction of the gravity high and the magnetic low anomalies identified from the regional USGS geophysical surveys;Ionic LeachTM soil surveys to detect areas that may be anomalous for gold and other pathfinder elements. Case studies of Ionic LeachTM soil sampling have been successful in mineral exploration for detecting buried mineralization, particularly in challenging environments with cover, as seen in the Kwanika Project in British Columbia, Canada,3 and the Sams Creek Project in New Zealand.4 These case studies show that Ionic LeachTM is effective for identifying "blind" mineralization, even through thick cover, by extracting the mobile, loosely-bound metal ions present in soil and sediment. About the Fourmile and the Cortez Complex Gold DepositsThe current mineral resource estimates at Fourmile are reported as: Indicated mineral resource estimated at 2.6 million ounces of gold at an average grade of 17.59 grams per tonne ("g/t") gold contained within 4.6 million tonnes, and Inferred mineral resource estimated at 13.0 million ounces of gold at an average grade of 16.9 g/t gold contained within 25.0 million tonnes.1 The Cortez Complex includes significant gold deposits such as Pipeline, Crossroads, Cortez Pits, Gold Acres, Robertson, Goldrush, and Cortez Hills, which collectively contain mineral resource estimates reported in both underground and surface deposits as: Measured mineral resources estimated at 0.67 million ounces of gold at an average grade of 4.88 g/t gold contained within 4.3 million tonnes;Indicated mineral resources estimated at 18.0 million ounces of gold at an average grade of 2.71 g/t gold contained within 200 million tonnes, and Inferred mineral resources estimated at 6.4 million ounces of gold at an average grade of 1.6 g/t gold contained within 120.0 million tonnes.2Details of the Fivemile Option AcquisitionNevada Sunrise can earn a 79% interest in Fivemile from American Metals Exploration Corp. ("Ammetex"), a private Nevada company at arm's-length to Nevada Sunrise, in three stages over 4 years as follows:First OptionNevada Sunrise can acquire a 51% interest in the Property by incurring an aggregate of US$1,000,000 of expenditures (the "First Option Expenditure Requirement") on the Property by May 31, 2028 (the "First Option Period"), of which a minimum of US$300,000 of Expenditures must be completed by May 31, 2027 (the "2027 Expenditure Requirement"). The First Option Expenditure includes a cash payment to Ammetex of US$55,500 payable within three (3) business days following execution of this Agreement, an additional cash payment of US$30,000 to Ammetex on or before August 15, 2026 and an additional cash payment of US$60,000 to Ammetex on or before August 15, 2027. Upon the Company meeting the First Option Expenditure Requirement, a joint venture will be negotiated between Nevada Sunrise and Ammetex and a joint venture company will be formed as soon as reasonably practicable.Second OptionUpon its exercise of the First Option, the Company will have the option to acquire an additional 14% interest for a 65% interest in the joint venture (the "Second Option"). To exercise the Second Option, the Company shall incur an additional US$850,000 of Expenditures (the "Second Option Expenditure Requirement") no later than May 31, 2029 (the "Second Option Period"). The Second Option Expenditure Requirement shall include a cash payment to the Ammetex of US$80,000 on or before August 15, 2029.The Second Option Expenditure Requirement will be incurred at the Company's sole discretion and if the Nevada Sunrise does not complete the Second Option Expenditure Requirement or provides notice that it does not intend to proceed with the Second Option, then the Second Option will terminate, with the Company holding a 51% interest in the Joint Venture. Third OptionUpon the exercise of the Second Option, the Company will have the option to acquire an additional undivided 14% interest for a 79% interest in the Property (the "Third Option"). To exercise the Third Option, the Company shall incur an additional US$850,000 of Expenditures (the "Third Option Expenditure Requirement") no later than May 31, 2030 (the "Third Option Period"). The Third Option Expenditure Requirement shall include a cash payment to Ammetex of US$120,000 payable by August 15, 2030.If Nevada Sunrise does not complete the Third Option Expenditure Requirement or provides notice that it does not intend to proceed with the Third Option, then the Third Option will terminate, with the Company holding a 65% interest in the joint venture.If the Company incurs expenditures in excess of either the First Option Expenditure Requirement, then the excess will be credited to (i) the Second Option Expenditure Requirement; (ii) if also in excess of the Second Option Expenditure Requirement, to the Third Option Expenditure Requirement; and (iii) if also in excess of the Third Option Expenditure Requirement, to the Company's proportionate share of joint venture expenditures. Joint VentureAmmetex will be the operator for all work conducted on the joint venture and may designate contractors or consultants to perform work at its sole discretion until Nevada Sunrise has satisfied its obligations under the terms of the First, Second and Third Options, after which operatorship will be assumed by the majority shareholder in the joint venture.At the time of the formation of the joint venture and until the Company completes an aggregate of US$2.7 million in expenditures made during the Option Periods, Ammetex shall not be required to contribute to exploration expenditures. If the Company does not meet its expenditure obligations for the Second and Third Option Periods, and Ammetex wishes to make expenditures on the Property, the Company's 51% earned interest in the joint venture will be adjusted in accordance with a standard dilution formula.Upon completion of its Expenditure requirements during the First, Second and Third Option Periods, the Company shall hold a 79% interest in the Joint Venture, and Ammetex will be deemed to hold a 21% interest in the Joint Venture, and thereafter each party will be required to contribute to future expenditures in accordance with their pro rata interest or be diluted in accordance with a standard dilution formula.Each party's interest in the joint venture is subject to a mutual right of first refusal.Contingent Performance PaymentNevada Sunrise has agreed to file a technical report prepared in accordance with National Instrument 43-101 ("NI 43-101") within five (5) years of the Effective Date on www.sedarplus.ca. If that technical report discloses a mineral resource estimate for the Property of at least five hundred thousand (500,000) ounces of gold equivalent, calculated by way of the industry-standard formula for combined gold and silver resources, in all categories of mineral resources (the "Qualifying MRE"), the Company or its assigns will pay a US$1.0 million cash payment to Ammetex within 90 days of such filing. This payment will only be payable in connection with the first time the Company files a technical report within five (5) years of the Effective Date that includes a Qualifying MRE, and not for any subsequent update of such resource estimate.Net Smelter Returns RoyaltyThe Company acknowledges that a 3.0% NSR Royalty (the "NSR") is reserved in favour of Ammetex and its lawful assigns (the "Royalty Holder") on production of valuable minerals from the Property. The Company has the right, exercisable at any time up until commencement of production, to purchase one-third of the NSR (equal to 1.0% of the NSR) by payment to the Royalty Holder of US$2,000,000 in cash, under certain other conditions. Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by M. Claiborne Newton, III, PhD, CPG, a geological consultant independent of the Company who is a Registered Member in good standing of the Society for Mining, Metallurgy and Exploration (#4145342RM) and a Certified Professional Geologist in the State of Virginia (#2801001736). Dr. Newton is a Qualified Person for Nevada Sunrise as defined in NI 43-101 - Standards of Disclosure for Mineral Projects. He has examined information regarding the historical and proposed exploration at Fivemile, which includes his review of the historical geophysical, geological and geochemical data underlying the information and opinions contained herein. Management cautions that any historical results were collected and reported by operators unrelated to Nevada Sunrise and have not been verified nor confirmed by its Qualified Person; however, the historical results create a scientific basis for ongoing work at Fivemile. Management further cautions that historical results, discoveries and published mineral resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on Fivemile.References:1 Technical Report on the Cortez Complex, Lander and Eureka Counties, Nevada, USA, NI 43-101 Technical Report, Prepared for Barrick Gold Corporation, by Fiddes, C., et al, with an effective date of December 31, 2021;
2 Barrick-Nevada Gold Mines Investor Visit Presentation, dated February 26, 2026;
3 "An Assessment of Soil Geochemical Methods for Detecting Copper-Gold Porphyry Mineralization through Quaternary Glaciofluvial Sediments at the Kwanika Central Zone, North-Central British Columbia", Heberlein, D.R., and Samson, H., Geoscience BC Report 2010-03.
4 News Release, Siren Gold Limited, June 22, 2023.About Nevada SunriseNevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in the State of Nevada, USA. Nevada Sunrise holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers (33 miles) southwest of Ely, NV.Nevada Sunrise holds the right to earn a 79% interest in the Fivemile Gold Project, located approximately 40 kilometers (25 miles) south of Battle Mountain, NV.Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV. As a complement to its exploration projects in Esmeralda County, the Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, NV.For Further Information Contact:Warren Stanyer, President and Chief Executive Officer
email: warrenstanyer @heehee1
Website: www.nevadasunrise.caFORWARD LOOKING STATEMENTSThis 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 and include disclosure of anticipated exploration activities. 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.Such factors include, among others, risks related to future plans for the Company's Nevada mineral properties, including the Fivemile Gold Project; reliance on technical information provided by third parties on any of our exploration properties; changes in mineral project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or metallurgical recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays due to weather; 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 ending December 31, 2025, which is available under Company's SEDAR profile at www.sedarplus.ca.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.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 or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298829 Original: Nevada Sunrise Enters into Earn-in Option Agreement for the Fivemile Gold Project, Cortez Mining District, Nevada
CA Market News
2月前
Nevada Sunrise Investor Relations AgreementMay 8, 2026 5:53 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 8, 2026) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) ("Nevada Sunrise" or the "Company") announced today that it has entered into an advertising and investor awareness campaign with Mayfair Media Operations Pty. Ltd. doing business as Mining.com.au ("Mining.com.au") of Queensland, Australia. Mining.com.au is a company at arms-length to Nevada Sunrise. Founded in 2018, Mining.com.au will provide advertising services to increase investor awareness of the Company's business activities (the "Services") for a 12-month period at a cost of CAD$2,900 per month billed in advance of the Services for the first three months (the "Initial Period"), and increasing to CAD$3,900 per month billed in advance thereafter unless the Services are terminated by the Company delivering sufficient notice prior to the end of the Initial Period. The Services will include coverage of the Company's news releases, and the creation and distribution of editorials, webinars, and interviews with members of the Company. Mining.com.au and its principals do not own common shares of the Company.About Nevada SunriseNevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in the State of Nevada, USA. Nevada Sunrise holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers (33 miles) southwest of Ely, NV.Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV. As a complement to its exploration projects in Esmeralda County, the Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, NV.For Further Information Contact:Warren Stanyer, President and Chief Executive Officer
email: warrenstanyer @heehee1
Website: www.nevadasunrise.caFORWARD LOOKING STATEMENTSThis 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 and include disclosure of anticipated exploration activities. 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.Such factors include, among others, risks related to future plans for the Company's Nevada mineral properties; reliance on technical information provided by third parties on any of our exploration properties; changes in mineral project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or metallurgical recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays due to weather; 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 ending December 31, 2025, which is available under Company's SEDAR profile at www.sedarplus.ca.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.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 or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296779 Original: Nevada Sunrise Investor Relations Agreement
CA Market News
4月前
Nevada Sunrise Resamples 50.2 Metres of 1.013 Grams/Tonne Gold from Historical Drill Hole at the Griffon Gold Mine Project, NevadaMarch 10, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) ("Nevada Sunrise" or the "Company") is pleased to announce that it has received results from a comprehensive, multi-element geochemical resampling program of four (4) historical holes drilled at the Griffon Gold Mine Project ("Griffon", or the "Project") in White Pine County, Nevada, USA. The holes were drilled in 2020 by Fremont Gold Ltd. ("Fremont") but were analyzed only for gold. The results of the 2025 resampling correspond well with the gold analyses from mineralization intersected in the 2020 drilling and all four holes reveal the presence of classic pathfinder elements associated with Carlin-type gold deposits.Highlights of the 2025 Geochemical Resampling ProgramNevada Sunrise based its Fall 2025 surface exploration program on the results of AI-generated analysis by VRIFY Technology Inc. ("VRIFY") of the extensive historical Griffon geological and geophysical database for the Project (see Nevada Sunrise news release dated December 18, 2025). The 2025 work included a resampling and reanalysis of historical reverse circulation drill cuttings from the 2020 drilling program carried out by Fremont.Nevada Sunrise obtained access to samples from four holes stored in a secure storage facility, and in December 2025 selected 205 residual pulps for 52-element reanalysis to provide superior geochemistry for sections of holes GF20-1, GF20-2, GF20-3 and GF20-7B, representing approximately 305 metres (1,000 feet) of drill cuttings;The Company's reanalysis corresponded well with Fremont's gold result from hole GF20-3, a vertical hole drilled to a depth of 165 metres (541 feet), which was collared within the unmined Anvil Zone on the southern edge of the Hammer Ridge pit (see Figure 1). In July 2020, Fremont reported gold values in near-surface oxide gold mineralization of 1.05 grams/tonne ("g/t") gold over 50.2 metres - the 2025 analysis by Nevada Sunrise returned 1.013 g/t gold over the same interval of 50.2 metres from 25.9 to 79.2 metres (85 to 260 feet), including 1.97 g/t gold over 10.7 metres from 64.0 to 74.7 metres (210 to 245 feet), and a peak value of 3.09 g/t gold over 1.5 metres from 68.6 to 70.1 metres (225 to 230 feet) (see Table 1). The Company's reanalysis of an 82.32 metre (270 foot) section of Fremont's hole GF20-2, a 45-degree angle hole drilled to a depth of 170 metres (558 feet) to the north of the Discovery Ridge Pit, duplicated the 2020 result with gold values of 0.30 g/t gold over 30.5 metres (100 feet), including 0.68 g/t gold over 7.7 metres from 21.3 to 29 metres (70 to 95 feet) and having a peak value of 0.954 g/t gold over 1.5 metres from 22.9 to 24.4 metres (75 to 80 feet).The pathfinder element geochemistry results in hole GF20-3 show a strong correlation between gold and anomalous values for arsenic, antimony, mercury, thallium and tellurium, all of which are known to be associated with the geochemical footprint of Carlin-type gold deposits and can provide a vector to gold mineralization.In sections of the two 2020 Fremont holes that showed strong alteration but no significant gold mineralization (holes GF20-1 and GF20-7B), highly anomalous values of pathfinder elements suggest that the holes were drilled within an alteration halo peripheral to a gold-mineralized zone. Values of pathfinder elements that are widely considered to be highly anomalous include: arsenic >98 ppm; mercury >1.2 ppm; antimony >20 ppm; and thallium >1.2 ppm.1"The results of our reanalysis not only confirm the gold results from the most recent exploration drilling at Griffon, but also provide valuable insight into the sub-surface distribution of pathfinder elements that can help lead us to locating new mineralization at the Project," said Warren Stanyer, President and CEO of Nevada Sunrise. "For the first time, these Carlin-type deposit pathfinder elements are clearly identified at Griffon and this information will be used as a vector for choosing new drill targets."Figure 1: Griffon 2020 Drillholes and Proposed Drillhole LocationsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/287894_7f1fbb5624e7d8b6_0001full.jpg Table 1. 2025 Resampling Results of Historical Hole GF20-3Hole GF20-03
2025 SampleFrom
(Feet)To
(Feet)From
(Metres)To
(Metres)Gold
(g/t)Arsenic
(ppm)Mercury
(ppm)Antimony
(ppm)Tellurium
(ppm)Thallium
(ppm)15462519510029.030.50.887137.60.256.270.1449.272154625210010530.532.01.260145.80.549.230.18>100154625310511032.033.50.933131.70.477.610.2133.962154625411011533.535.10.571131.90.325.880.1868.346154625511512035.136.60.17688.50.082.180.109.617154625612012536.638.10.515134.70.214.820.16>100154625712513038.139.60.725163.10.296.820.1674.807154625813013539.641.10.343147.70.193.550.129.157154625913514041.142.70.07948.90.061.250.054.998154626014014542.744.20.05644.10.050.940.051.975154626114515044.245.70.282114.80.224.380.113.276154626215015545.747.20.292126.10.194.140.1310.048154626315516047.248.80.448130.10.356.890.2115.202154626416016548.850.30.659156.70.529.930.2486.981154626516517050.351.81.800282.70.7018.220.41>100154626617017551.853.31.270231.00.6415.670.3791.047154626717518053.354.91.160195.30.4813.650.3173.624154626818018554.956.41.210209.60.6312.520.3377.746154626918519056.457.91.820216.50.5816.210.38>100154627019019557.959.40.523120.40.337.210.1790.881154627219520059.461.00.628118.80.368.470.2090.778154627320020561.062.51.250195.10.4313.990.35>100154627420521062.564.00.507132.40.338.150.25>100154627521021564.065.51.600236.10.5115.100.36>100154627621522065.567.11.920512.31.3529.040.77>100154627722022567.168.62.900509.71.9935.230.89>100154627822523068.670.13.090557.52.1246.450.95>100154627923023570.171.61.910420.71.3524.880.7846.179154628023524071.673.21.290287.40.7313.920.5920.806154628124024573.274.71.080185.20.5110.080.45>100154628224525074.776.20.530143.40.377.480.8151.045154628325025576.277.71.240160.60.429.350.7018.675154628425526077.779.20.501122.30.144.220.7257.019 Griffon Permitting Update In late September 2025, Nevada Sunrise submitted a Plan of Operations (the "Plan") for Griffon to the United States Forest Service (the "USFS") to advise the USFS of the Company's proposed surface disturbance and 2026 drilling plans at Griffon. The Plan proposes drill sites that are consistent with previously-permitted sites (see Figure 1), which were first approved by the USFS in 2013 after biological and archaeological studies were completed by previous operators. Correspondence from the USFS in February 2026 indicated that its comments are forthcoming regarding the drill targets proposed by the Company and Nevada Sunrise awaits their receipt. About GriffonGriffon hosts a past-producing gold mine and is located within the Battle Mountain-Eureka Gold Belt, a prolific trend that contains numerous gold mines and deposits. The Project is located approximately 50 kilometres (33 miles) southwest of Ely, Nevada and consists of 89 unpatented mineral claims totaling approximately 1,780 acres (720 hectares). Griffon is situated within a 60 kilometre (40 mile) section of the Battle Mountain-Eureka Belt, which hosts operating gold mines and significant gold deposits (see Figure 2).In February 2025, the Company entered into a mining lease to purchase Griffon from an arm's-length party (see Nevada Sunrise news release dated February 20, 2025). Gold was mined at Griffon in two open pits from 1998 to 1999 and was reported to have produced 62,661 ounces of oxide gold until its premature closure in 1999, a year when the price of gold averaged approximately US$278 per ounce.3Figure 2: Griffon's Location in the Battle Mountain-Eureka Gold BeltTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/287894_7f1fbb5624e7d8b6_0002full.jpgFor more information about Griffon, including maps and photos, visit the Company's website at: www.nevadasunrise.caReferences:1 "Mapping the Carbonate Alteration Footprint of the Cortez Hills Carlin-Type Gold Deposit, Nevada, Using Carbon-Oxygen Stable Isotopes and Geochemistry as a Vectoring Tool", Herron, C.S., 2014.2 "Major Mines of Nevada", Nevada Division of Minerals, published 1998 and 1999.Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Robert Allender Jr, CPG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Allender has examined information regarding the historical, current and proposed exploration at Griffon, which includes his review of the current and historical sampling, analytical procedures and results underlying the information and opinions contained herein. Resampling of the 2020 drill cuttings was supervised by a senior geological consultant to the Company. Samples were submitted to American Assay Labs in Sparks, Nevada and analyzed by Four Acid digestion, which includes nitric acid (HNO3), hydrofluoric acid (HF), hydrochloric acid (HCl), perchloric acid (HClO4), boric acid solution (H3BO3) and deionized water. Digested samples are then subsequently run on ICP-OES (Inductively Coupled Plasma Optical Emission Spectrometry) plus ICP-MS (Inductively Coupled Plasma Mass Spectrometry). Gold analyses were conducted by Fire Assay.Management cautions that published historical results were collected and reported by operators unrelated to Nevada Sunrise and have not been verified nor confirmed by its Qualified Person; however, the historical results create a scientific basis for ongoing work at the Griffon property. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the Griffon property.About Nevada SunriseNevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in the State of Nevada, USA. Nevada Sunrise holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers (33 miles) southwest of Ely, NV.Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV. As a complement to its exploration projects in Esmeralda County, the Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, NV.For Further Information Contact:
Warren Stanyer, President and Chief Executive Officer
email: warrenstanyer @heehee1
Website: www.nevadasunrise.caFORWARD-LOOKING STATEMENTSThis 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 and include disclosure of anticipated exploration activities. 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.Such factors include, among others, risks related to: the results of the VRIFY study seeking new target areas at Griffon; the anticipated benefits of integration of new exploration results with the VRIFY results; the ability of the Company to raise funds for exploration activities, permitting and property maintenance costs at Griffon; reliance on technical information provided by third parties on any of our exploration properties; 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; labor disputes and other risks of the mining industry; delays due to pandemic; delays due to weather events; 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 ending December 31, 2025, which is available under Company's SEDAR profile at: www.sedarplus.ca.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.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 or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287894
Original: Nevada Sunrise Resamples 50.2 Metres of 1.013 Grams/Tonne Gold from Historical Drill Hole at the Griffon Gold Mine Project, Nevada
lithiumnow
4年前
Nevada Sunrise Provides Update on Phase 2 Drilling Program at the Gemini Lithium Project, Nevada
October 3, 2022
Vancouver, British Columbia, October 3, 2022: Nevada Sunrise Metals Corp. (“Nevada Sunrise”, or the “Company”, formerly Nevada Sunrise Gold Corp.) (TSXV: NEV, OTC: NVSGF) announced today that commencement of the Phase 2 drilling program at the Company’s 100%-owned Gemini Lithium Project (“Gemini”) is imminent. Gemini is located in the Lida Valley basin in Esmeralda County, Nevada approximately 23 miles (35 kilometres) southeast of North America’s only lithium mine at Silver Peak, Nevada. The Phase 2 drilling program is permitted for up to twelve (12) borehole locations and is planned as follow-up to the two successful boreholes that intersected significant lithium values during the maiden drilling program at Gemini in March and April 2022 (see Nevada Sunrise news releases dated May 18, 2022 and June 6, 2022).
The drilling contractor selected by Nevada Sunrise experienced delays at its previous work site during September and has provided assurance that the drill and crew will be mobilizing to Gemini in early October 2022. The first drill hole of the program is GEM22-03, which is planned to reach a minimum depth of 1,500 feet (457 metres). Up to six boreholes are planned in Phase 2 for an estimated total of 8,000 feet (2,439 metres) of drilling. The exploration goals for the Phase 2 program are: (1) test lithium-bearing brine and sediments at greater depths than previous boreholes GEM22-01 and GEM22-02, and (2) determine the lateral extent of lithium-mineralized brine and sediments identified in the previous Gemini drill holes. Drill hole locations may be amended or revised during the Phase 2 program as results warrant.
Phase 2 Exploration Drillhole Locations
For further information on Gemini, including location maps and photos click here
About Gemini
Gemini consists of 582 unpatented placer and lode claims located in the western Lida Valley, Esmeralda County, approximately 6 miles (10 kilometres) east of the town of Lida, Nevada. In the spring of 2022, Nevada Sunrise expanded the size of the Project to a land position covering approximately 5,700 acres (2,300 hectares). Gemini is situated adjacent to the Gold Point Solar Energy Zone, a BLM land reserve set aside for solar and wind power generation projects until 2033.
The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966. Exploration at Gemini is complemented by the Company’s 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada. Under State of Nevada law, water cannot be pumped from a subterranean source without a valid water permit.
Nevada Sunrise drilled two reverse circulation (“RC”) boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini in March and April 2022. The initial results represent a new discovery of lithium-bearing sediments and lithium-in-water in the western Lida Valley, which has not been historically drill tested for lithium mineralization. The analytical results from boreholes GEM22-01 and GEM22-02, located 0.69 miles (1.1 kilometres) apart suggest that the extent of lithium-bearing clay layers and waters at Gemini may be widespread:
Borehole GEM22-01: weighted-average of 1,203.41 parts per million (“ppm”) lithium over 580 feet (176.83 metres) from 320 to 900 feet (97.56 to 274.39 metres), including 1,578.19 ppm lithium over 300 feet (91.46 metres);
Borehole GEM22-02: weighted-average of 1,101.73 ppm lithium over 730 feet (222.56 metres) from 390 to 1,120 feet (118.90 to 341.46 metres), including 2,217.69 ppm lithium over 130 feet (39.63 metres) and 3,304.34 ppm lithium over 50 feet (15.24 metres).
Water samples from borehole GEM-22-01 averaged 327.7 milligrams per litre (“mg/L”) lithium over 220 feet (67.07 metres) from 600 to 820 feet (182.93 to 250 metres) with a peak value of 519 mg/L lithium. Water samples from borehole GEM22-02 returned an average of 116.28 mg/L lithium over 460 feet (140.24 metres) from 660 to 1,120 feet (201.22 to 341.46 metres) with a peak value of 286.0 mg/L lithium.
Sampling and Analytical QA/QC and Statement of Qualified Person
The results of geochemical analysis on sediment samples described in this news release were shipped in March and April 2022 to American Assay Laboratories and ALS Group USA (“ALS”) and were analyzed utilizing a multi-element ICP-MS method. Specifically, the analytical method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP) technique to ionize the sample, and spectrometry to determine elemental concentrations. Duplicates, field blanks, and certified reference standards were inserted at regular intervals in the sample stream to ensure accuracy of the analytical method.
Water parameters including TDS, conductivity, temperature, and pH values were obtained in the field by direct measurement with a handheld Hanna Model 98194 Multiparameter Meter, which meets Good Laboratory Practice (as proscribed by the Organization for Economic Cooperation and Development) for calibration and measurement. All depth measurements reported, including sample and interval widths are down-hole. As holes are oriented vertical and geologic stratigraphy is primarily horizontal to sub-horizontal, downhole measurements are assumed to be close to true thickness.
Groundwater samples were collected at 20-foot (6.1-metre) intervals and sent to Western Environmental Testing Laboratory in Reno, Nevada under project chain-of-custody protocols for analysis. Industry standard methods for examination of water were employed by the laboratory. General chemistry testing included analysis for specific gravity, total hardness, total alkalinity, bicarbonate, carbonate, hydroxide, total dissolved solids (TDS) and electrical conductivity. Anions (chloride, sulfate) were analyzed by ion chromatography. Trace metals (lithium, magnesium, boron, calcium, potassium, strontium, and sodium) were analyzed by inductively coupled plasma-optical emission spectroscopy (ICP-OES) methods.
The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr., CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Lithium101
4年前
Nevada Sunrise Receives Final Lithium Analyses From Borehole GEM22-02 - Mineralized Intersection Improves to 1,101 ppm Lithium over 730 Feet at the Gemini Lithium Project, Nevada
Vancouver, British Columbia, May 18, 2022: Nevada Sunrise Gold Corp. (“Nevada Sunrise”, or the “Company”) (TSXV: NEV) is pleased to announce that the remaining geochemical analyses have been received for borehole GEM22-02, drilled at its 100%-owned Gemini Lithium Project (“Gemini”) located in the Lida Valley basin in Esmeralda County, Nevada. These additional analyses from borehole GEM22-02 have extended the length of the previously-reported mineralized intersection (see Nevada Sunrise news release dated April 28, 2022) and improved the lithium grade to 1,101.73 parts per million (“ppm”) lithium over 730 feet (222.56 metres), including 2,217.69 ppm lithium over 130 feet (39.63 metres) and 3,304.34 ppm lithium over 50 feet (15.24 metres).
Borehole GEM22-02 was collared at a location approximately 0.69 miles (1.1 kilometre) south of GEM22-01 and intersected the same lithium-bearing clay layer at 390 feet (118.90 metres). Samples were collected over 20-foot (6.1 metre) intervals1 down to a depth of 300 feet (91.46 metres). Thereafter, samples were collected over 10-foot (3.05 metre) intervals1 to the end of hole at 1,120 feet (341.46 metres). Samples were submitted to ALS Group USA (“ALS”), in Reno, Nevada, and produced the results shown in Table 1 below:
Table 1. Final analytical results from borehole GEM22-02
Samples are a composite of material collected from the rotary splitter in the RC drilling rig, which produces a continuous, representative 3 to 5 kilogram sample for each sample interval.
About the 2022 Gemini Drilling Program
Nevada Sunrise drilled two reverse circulation (“RC”) boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini in March and April 2022. The drill sites were located within a defined gravity low that hosts conductive layers detected by historical ground electromagnetic (“EM”)
surveys. The results from the first two holes at Gemini represent a new discovery of lithium-bearing sediments in the western Lida Valley, which has not been historically drill tested for lithium mineralization.
Electromagnetic Survey Results Showing Conductive Zones and 2022 Drill Holes at Gemini
Additional drilling is planned following receipt of an amendment to the current Bureau of Land Management drilling permit, which will be required to cover the Company’s newly-expanded land position. In April and May 2022, Nevada Sunrise staked 288 unpatented lode claims totaling 5,760 acres (1,756 hectares) over the outline of the gravity low to effectively cover the possible extent of the lithium-bearing clay layers. Follow-up geophysical EM surveys are underway at Gemini within the interpreted area of the historical gravity low to further map and assess the conductive layers first detected by Nevada Sunrise in 2016 (see Nevada Sunrise news release dated May 12, 2022).
For further information on Gemini, including location maps and photos click here
https://nevadasunrise.ca/news/2022/nevada-sunrise-receives-final-lithium-analyses/
About Gemini
Gemini consists of 407 unpatented placer and lode claims located in the western Lida Valley, Esmeralda County, approximately 6 miles (10 kilometres) east of the town of Lida, Nevada. The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966. Nevada Sunrise expanded the size of the Project by staking 80 new unpatented placer claims in March 2022, and 288 additional unpatented lode claims in April and May 2022.
Gemini is situated adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve set aside for solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the Company’s 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada. Under the laws of Nevada, water cannot be pumped from a subterranean source without a valid water permit. Drill pads and access roads remain in place at Gemini with an active drilling permit.
Sampling and Analytical QA/QC and Statement of Qualified Person
Sediment samples described in this new release were submitted to ALS and analyzed utilizing a multi-element ICP-AES method. Specifically, the analytical method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP) technique to ionize the sample, and atomic emission spectrometry (AES) to determine elemental concentrations. Duplicates, field blanks, and certified reference standards were inserted at regular intervals in the sample stream to ensure accuracy of the analytical method.
The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr., CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
molee
8年前
Nevada Sunrise Completes First Drill Hole at Coronado VMS Project
VANCOUVER, Dec. 19, 2018 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce that the first diamond drill hole has been completed at the Coronado VMS property ("Coronado", or the "Project"), located in the Tobin and Sonoma Range of Pershing County, Nevada, approximately 48 kilometers (30 miles) southeast of Winnemucca.
https://mma.prnewswire.com/media/800304/Nevada_Sunrise_Gold_Corporation_Nevada_Sunrise_Completes_First_D.jpg
Hole COR18-01 was completed at the Coronado South target to a depth of 375.73 metres (1,232 feet). Winter drilling conditions necessitated an alternate location for the initial drill hole and a site approximately 170 metres (550 feet) from the original location was chosen to test an electromagnetic ("EM") anomaly detected in an airborne survey carried out by the Company in July 2018. Downhole conditions were difficult during the program and daily drilling progress was slower than anticipated. The drill hole intersected what is believed to be the host section for the EM anomaly. That section included a sequence of black argillites and basaltic flows and flow breccias (Pumpernickel Formation) between a depth of 154.88 and 194.51 metres (508 and 638 feet). Significant hydrothermal epidote alteration was evident in flow breccias below 188 metres (618 feet). This alteration is likely related to the EM anomaly and distal to a potential VMS system. The host section was abruptly cut off by a major fault at 194.51 metres (638 feet) that extends to a depth of 208.23 metres (683 feet). This fault is one of several that were intersected by the drillhole and exemplifies the structural complexity of this area, which is relatively unknown. Several weakly developed stockwork sulphide zones were encountered deeper in the hole at depth intervals from 268.2 to 274.4 metres (881 to 900 feet) and 313.1 to 316.46 metres (1027 to 1038 feet). These zones consisted of fracture-controlled, cross-cutting, fresh to strongly oxidized pyrite veinlets and disseminations (< 1%). Core samples have been collected from both sulphide zones and shipped to SRC Geoanalytical Laboratories in Saskatoon, SK for multi-element analysis. Results will be announced by the Company following their receipt, compilation, and interpretation. Additional drilling at Coronado in 2019 will be dependent upon results from the 2018 drilling program. Maps and photos of the Project can be viewed at: http://www.nevadasunrise.ca/projects/coronado-vms-project/
About Coronado
Coronado currently consists of 234 located unpatented claims totaling approximately 4,680 acres (1,890 hectares) located over an interpreted trend adjacent to the historic Big Mike open pit copper mine ("Big Mike") that lies within the Middle Pennsylvanian to Late Permian-age Havallah volcanic-sedimentary sequence. Big Mike was discovered in the 1930s when a shallow, oxidized portion (gold-bearing gossan) of the deposit was located by prospectors. The area was explored further in the late 1960s by Cerro Corp. and a deeper (greater than 300 feet, or 91 meters) high-grade, massive sulphide lens was discovered by diamond drilling. The deposit was considered a supergene-enriched, Cyprus-type VMS occurrence.
In 1969, Cerro Corp. published a historical resource estimate of 634,000 tons grading 3.41% copper, which included 74,000 tons of massive sulphide ore grading 11.78% copper, and 380,000 tons of oxide and mixed ore grading 3.16% copper. This historical estimate, which is dated February 21, 1969, uses categories that are not consistent with National Instrument 43-101 ("NI 43-101") and cannot be readily compared to NI 43-101 categories. A qualified person has not done sufficient work to classify the estimate as a current resource and Nevada Sunrise is not treating the estimate as a current resource estimate. A portion of the ground on which this estimate was based was subsequently mined, and thus this estimate cannot be relied upon. The estimate is relevant to guiding the Company's exploration plans and provides geological information regarding the type of mineralization that could be present in the Coronado area.
In 1970, Ranchers Exploration and Development Company ("Ranchers") developed the high-grade portion of the deposit with an open pit mine that produced approximately 25 million pounds of copper in 100,000 tons of ore grading 10.5% copper, which was shipped directly to smelters in West Germany and Japan. Heap leaching of lower-grade disseminated copper ore was also carried out by Ranchers; approximately 300,000 tons of mineralized rock was treated. Historical sampling also shows the presence of cobalt at Big Mike, with values in the deposit ranging up to 2,500 parts per million (0.25%) cobalt (Rye et al, Economic Geology, Vol. 79, 1984). Big Mike was mined out in 1970.
To view a brief video presentation on the Coronado VMS project and the Coronado North and South VTEM™ target, please click here: https://player.vimeo.com/video/291807706.
Theodore DeMatties, CPG, PG, 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 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. Mineralization located on adjacent properties by historical exploration may not be present on Coronado.
molee
8年前
Nevada Sunrise and Liberty Gold drill 5.42 g/t gold over 9.1 metres at Kinsley Mountain Gold Project in Nevada
VANCOUVER, Aug. 2, 2018 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce that the Company has received results of the 2018 drilling program at the Kinsley Mountain Gold Project ("Kinsley Mountain" or the "Project") from Liberty Gold Corp. ("Liberty Gold", formerly Pilot Gold Inc.) (TSX: LGD). Kinsley Mountain is located near the town of Wendover in eastern Nevada and is a joint venture between Liberty Gold and the Company, with Liberty Gold, as operator, holding a 79.1 percent interest and Nevada Sunrise, through a wholly-owned U.S. subsidiary, holding a 20.9 percent interest.
https://mma.prnewswire.com/media/726171/Nevada_Sunrise_Gold_Corporation_Nevada_Sunrise_and_Liberty_Gold.jpg
2018 Drilling Program
The 2018 drilling program targeted possible extensions of the Western Flank deposit, which was discovered by Liberty Gold in 2014. Subsequent drilling has outlined a sulphide resource estimate, using multiple cut-offs1 of 284,000 Indicated ounces of gold grading 6.04 grams per tonne ("g/t") and 39,000 Inferred ounces grading 2.41 g/t gold (see Nevada Sunrise news release dated November 5, 2015). 1Cut-off grades assume an open-pit mining scenario, using a pit floor elevation generated using Whittle software, reasonable assumptions for mining and milling costs, and a US$1,300/ounce gold price.
A total of seven reverse circulation holes were started in the 2018 program, with five holes completed and two lost at shallow depths due to voids and fault zones encountered. Total meterage for the 2018 program was approximately 1,830 metres (6,005 feet). Highlights of the drilling were as follows:
PK228 intersected 5.42 g/t gold over 9.1 metres from 275.8 metres to 285.0 metres, including 7.77 g/t gold over 6.1 metres from 277.4 metres to 283.5 metres, at the Secret Canyon-Geddes contact, 50 metres east of 2017 hole PK221, which intersected 5.30 g/t over 29 metres. This new intercept in PK228 represents a significant step out in the Western Flank Zone ("WFZ") east extension exploration. Liberty Gold has recommended follow up in subsequent drill programs.
PK229 and PK229A were drilled to intersect the Secret Canyon shale beneath the Ridge Pit area. Both of these holes were cut short due to drilling problems related to voids and fault zones in the shallow units. However, these holes did provide valuable data in specific fault zone locations and mineralized breccia zones near the faults. Of note, PK229A returned 1.15 g/t gold over 15.2 metres from 91.4 metres to 106.7 metres, in brecciated Notch Peak and Hamburg Dolomite adjacent to the KNW fault zone. This is very encouraging for follow-up testing of the lower units in this vicinity, as it indicates strong hydrothermal fluid flow during the local mineralization event.
PK226 was the first hole of the program in the WFZ east extension area, targeted to test a modelled east-west trending zone between the WFZ and the historical PK200/PK215 intercepts about 170 metres east of the WFZ high-grade zone. This hole returned multiple mineralized intercepts, including 1.54 g/t gold over 6.1 metres from 135.6 metres to 141.7 metres in the Dunderberg Shale, and 0.77 g/t gold over 7.6 metres from 249.9 metres to 257.6 metres in the Secret Canyon Shale.
The first hole of the program, PK225 was drilled into the Anticline Target, an area with no previous drilling, to test the Secret Canyon Shale southeast of the Western Flank Zone and returned a lower-grade interval of 0.45 g/t gold over 1.5 metres in the shallow Notch Peak limestone. Hole PK227 was drilled to test the Secret Canyon-Geddes contact and returned a lower-grade interval in the Dunderberg Shale of 0.55 g/t gold over 6.1 metres from 141.7 metres to 147.8 metres. The last hole of the program, PK230, encountered voids and fault zones, but showed no significant results.
For maps showing the 2018 target areas and drill hole locations, please access Nevada Sunrise's website at: http://www.nevadasunrise.ca/projects/kinsley-mountain/
Drill composites were calculated using a minimum cut-off of 0.20 g/t gold. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals vary between 30 and 100 percent of the reported lengths due to varying drill hole orientations, but are typically in the range of 60 to 80 percent of true width. Drill samples were assayed by ALS Limited in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.200 ppm an additional cyanide leach analysis is done where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS. Metallic screen techniques may be employed where the presence of coarse free gold is suspected. Approximately 1000 grams of coarse reject material are pulverized and screened. Two splits of the fine fraction are assayed, as well as all material that does not pass through the screen (the coarse fraction). The final gold assay reported is a weighted average of the coarse and fine fractions. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch.
John R. Kerr, P. Eng., is the Company's designated Qualified Person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
About Kinsley Mountain
Kinsley Mountain is located approximately 80 kilometres (50 miles) south of Wendover, Nevada, and consists of 513 unpatented lode claims on U.S. Bureau of Land Management land plus 5 leased patents totaling 4,160 hectares (10,280 acres). Kinsley Mountain hosts near-surface mineralization similar to other Carlin-style, sediment-hosted gold systems, and hosts a past-producing mine with an extensive exploration database and numerous untested gold targets.
Further information on Kinsley Mountain is available in the National Instrument 43-101 compliant technical report entitled "Updated Technical Report and Estimated Mineral Resources for the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A.", effective October 15, 2015, dated December 16, 2015 and prepared by Michael M. Gustin, CPG, Moira Smith, Ph.D., P.Geo., and Gary Simmons, B.Sc. MMSA (the "Kinsley Technical Report"), available at www.nevadasunrise.ca/investors or under the Company's SEDAR profile at www.sedar.com.
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, cobalt, copper and lithium exploration projects in 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) 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 copper properties, located approximately 3.6 miles (5.8 kilometers) southwest of the Lovelock Cobalt Mine.
Nevada Sunrise began acquisitions of Nevada lithium properties in 2015, which includes 100% interests in the Neptune, Jackson Wash and Aquarius projects, 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).
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