Nevada Sunrise Gold Corp.
TSX VENTURE : NEV

Nevada Sunrise Gold Corp.

March 22, 2011 11:44 ET

Nevada Sunrise Announces the Termination of Animas' Option on Golden Arrow

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2011) - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSX VENTURE:NEV) announces that Animas Resources Ltd. has terminated the Mining Option Agreement for the Golden Arrow property in Nye County, Nevada, effective March 11, 2011. After completing their review of the 2010 Field Program, Animas determined that the Golden Arrow property does not meet their criteria for new discovery. The Company believes that other areas of the project are prospective for the expansion of the known resources and new discoveries.

The Company is pleased that Animas is continuing with the Kinsley Mountain earn-in joint venture with Nevada Sunrise and is planning for an early spring program of selective follow-up soil and rock sampling, looking for evidence of leakage from favorable host rocks and environments that are capped by less reactive overlaying dolomite units. The extensive geochemical data at Kinsley Mountain is being reprocessed in light of evolving ideas on the style of gold mineralization in eastern Nevada.

About Nevada Sunrise

Nevada Sunrise Gold Corp. is a gold exploration company that has a portfolio of five projects in Nevada. The Company controls about 15,200 acres (6,150 hectares). The Kinsley Mt. project is in an exploration earn-in joint venture agreement for up to $4.5million in work commitments. The Company applies the exploration experience and technical skills of its founders and technical staff to search for and acquire new gold exploration projects that are developed internally and then offered for joint venture. 

For the latest details on the Company, its properties, management team and philosophy, please visit our website at www.nevadasunrise.com.

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.

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.

Contact Information

  • Nevada Sunrise Gold Corporation
    William B. Henderson
    President and Chief Executive Officer
    (530) 887-9901
    (530) 884-3822 (FAX)
    www.nevadasunrise.com