Nevada Sunrise Gold Corp.
TSX VENTURE : NEV

Nevada Sunrise Gold Corp.

September 12, 2011 09:30 ET

Nevada Sunrise Initiates Titan 3D Geophysical Survey at Golden Arrow Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSX VENTURE:NEV) is pleased to announce that it has entered into a contract with Quantec International Project Services Ltd. to complete a Titan 3D DCIP/MT program on its Golden Arrow project located in Nye County, Nevada. This leading edge technology in conjunction with results from advanced multi-element geochemistry will be applied to an untested and highly prospective area generally northwest of the Hidden Hill resource zone.

The ~1,089 acre (441 ha) Titan 3D geophysical survey will cover among other targets of interest, two promising drill holes from the Animas Resources Ltd. (TSX VENTURE:ANI) 2010 drill program and a strong geochemical anomaly closely aligned with the chargeability high observed in the 2010 Reconnaissance IP (RIP) survey run by Durango Geophysical Services of Durango, CO. The target type will be the Gold Coin/Hidden Hill style of mineralization. The gravity surveys completed in the area suggest bedrock is within 300 feet of the surface.

The purpose of the Titan 3D survey is to locate new target areas at Golden Arrow that have been undetected by conventional geophysical survey methods. Nevada Sunrise is planning a follow-up drill program, which is proposed to begin in December 2011 or January 2012.

A technical report on the Golden Arrow project dated May 1, 2009, can be found on SEDAR at www.sedar.com or on the Company's website at www.nevadasunrise.com. The resource estimate in the Technical Report uses a variable cut-off grade of 0.010 ounces per ton (opt) gold for oxide material and 0.015 opt gold for non-oxidized material and consists of:

  • A measured and indicated resource of 12,172,000 tons with an average grade of 0.024 opt Au, and an average silver grade of 0.33 opt Ag containing 296,500 ounces of gold and 4,008,800 ounces of silver.
  • An inferred resource of 3,790,000 tons at an average grade of 0.013 opt Au, and an average grade of 0.33 opt Ag containing 50,400 ounces of gold and 1,249,000 ounces of silver.

About Titan 3D DCIP/MT

The Quantec Titan 3D provides a true 3D survey using advanced technology. It will simultaneously record up to 259 dipoles for each of 289 current injections for the DCIP dataset. Forty nine (49) individual loggers will also be deployed to provide a 3D Tensor Magnetotelluric survey with a depth of investigation of greater than 2.4kms.

Nevada Sunrise CEO Bill Henderson remarked, "We are combining our interpretation of multi-element geochemistry with the Titan 3D technology over this highly prospective area at Golden Arrow, and I am more optimistic than ever that our efforts will be well rewarded."

About Nevada Sunrise

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

This news release was prepared by Company management, who take full responsibility for its content. The technical disclosure in this news release has been reviewed by Richard Kehmeier, a Qualified Person as defined by National Instrument 43‐101 of the Canadian Securities Administrators.

FORWARD LOOKING STATEMENTS

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)
    info@nevadasunrise.com