VANCOUVER, BRITISH COLUMBIA, Sep 12, 2011 (MARKETWIRE via COMTEX) — Nevada Sunrise Gold Corporation (“Nevada Sunrise” or the “Company”) /quotes/zigman/518238 CA:NEV 0.00% 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 approx. 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. /quotes/zigman/476233 CA:ANI +6.67% 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.
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.
Contacts:
Nevada Sunrise Gold Corporation.
William B. Henderson
President and Chief Executive Officer
(530) 887-9901
(530) 884-3822 (FAX)
SOURCE: Nevada Sunrise Gold Corp.
Leave a Reply
Want to join the discussion?Feel free to contribute!