Nevada Sunrise Gold Corp
TSX VENTURE : NEV
PINK SHEETS : NVSGF

December 09, 2010 16:49 ET

Nevada Sunrise Receives Drill Results From Animas Resources Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) - NEVADA SUNRISE GOLD CORPORATION (the "Company") (TSX VENTURE:NEV)(PINK SHEETS:NVSGF) has received the report on the multi-element analytical results from the 16 hole drill program completed at the Golden Arrow gold-silver project located in Nye County, Nevada. No broad intervals of significant gold mineralization were encountered, but several holes encountered anomalous gold and pathfinder element enrichments in strongly-altered volcanic rock. The significance of these anomalous gold and pathfinder elements has not yet been interpreted within the larger geological setting.

The two multi-sample gold intervals exceeding 1 gram per tonne (g/t Au) are shown in the table below:

Hole Number From (feet) To (feet) Interval (feet) g/t Au
GA10-338 335 365 30 1.98
Incl. 335 345 10 5.91
GA10-344 410 418 8 2.22

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.

The objective of the 2010 drill program was to augment this defined resource through discovery of additional new centers of mineralization. Exploration drill holes were widely-spaced over an area of approximately 2 square miles. The drilling program consisted of four diamond core holes totaling 3,785 feet and twelve reverse-circulation drill holes totaling 10,400 feet. Analytical work was done by American Assay Laboratories Inc. of Sparks, Nevada. Preparation of final technical reports will involve integrated interpretation of drill-hole geology and geochemistry in the context of the district geological setting. The Company awaits Animas' conclusion on the future direction of exploration.

About Nevada Sunrise Gold Corp.

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). Two of the projects are in exploration earn-in joint venture agreements for up to $12 million in work commitments. The Company applies the exploration experience and technical skills of its founders 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.

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.

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 Corp.
    William B. Henderson
    President and Chief Executive Officer
    (530) 887-9901
    (530) 884-3822 (FAX)