Nevada Sunrise Gold Corp.

Nevada Sunrise Gold Corp.

November 10, 2011 05:00 ET

Nevada Sunrise Gold Corp.: Pilot Gold to Begin Drilling at Kinsley Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2011) - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSX VENTURE:NEV) has been informed by Pilot Gold Inc. ("Pilot Gold") (TSX:PLG) that it will initiate a diamond core drill program on the Kinsley Mountain property this month. Pilot Gold's present plan is to drill up to six diamond core holes for the purpose of establishing stratigraphic and structural controls to mineralization at Kinsley Mountain.

During September, 2011, Pilot Gold purchased the Mining Option Agreement to enter into a Joint Venture at Kinsley Mountain with Nevada Sunrise from Animas Resources Ltd. (TSX VENTURE:ANI). The Kinsley Mountain property consists of 141 claims covering a land area of 2,807 acres (1,136 hectares) on BLM land in the Kinsley Mountains in southeast Elko County, Nevada. The property lies roughly 45 miles (75 kilometers) southeast of the Long Canyon property where Pilot Gold's geologic team, as part of Fronteer Gold Inc., defined a significant gold resource in what is now recognized as an emerging gold district. The stratigraphic intervals hosting mineralization at Kinsley Mountain are the same horizons that host mineralization at Long Canyon.

In Pilot Gold's News Release announcing the Kinsley Mountain Option Agreement purchase, Pilot Gold's Chief Geologist, Moira Smith stated, "Success at Long Canyon hinged on detailed geologic analysis, aggressive drilling and deposit modeling. We intend to deploy the same exploration team and strategy to Kinsley Mountain. The presence of an open pit and drilled mineralization in adjacent areas gives Pilot Gold a great starting point."

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This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of minerals; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. 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 statements, 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 forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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)