Nevada Sunrise Metals Corp (NEV)

[vunv]

Hmmm.... Should i???

[thewills]

Here we go Tommy! Hope your still in this baby!
couple weeks into the drilling at Kinsley and so far things are looking really good for Pilot. Nevada is sure to follow :)

[Tommy]

$NVSGF - $NEV.V - Nevada Sunrise Announces Pilot Gold 65% Earn-in on Kinsley Mountain and Proposed 2013 Kinsley Mountain Work Program

http://finance.yahoo.com/news/nevada-sunrise-announces-pilot-gold-100000599.html

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 10, 2013) - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSX VENTURE:NEV) announces that Pilot Gold Inc. ("Pilot Gold") has completed US$3 million in eligible expenditures to increase its participating interest in the joint venture governing the Kinsley Mountain project ("Kinsley Mountain", or the "Project") located in northeastern Nevada to 65%. Pilot Gold is the operator of the Project.

The Company has also received an exploration program proposal for 2013 for Kinsley Mountain which has an estimated US$5.21 million budget. Nevada Sunrise holds a 35% participating interest in the Project, and subject to finalization of the joint venture agreement expects that it will provide its proportional share of projected exploration expenditures at quarterly intervals through 2013.

Proposed 2013 Exploration Program

The 2013 exploration program proposed by Pilot Gold for Kinsley Mountain includes the following:

22,000 meters (72,178 feet) of drilling planned, including 14,000 meters (45,932 feet) of reverse circulation ("RC"), and 8,000 meters (26,247 feet) of diamond drilling;
Resource estimation to be initiated as drilling progresses;
Metallurgical studies are planned in connection with the resource estimate;
Total 2013 proposed exploration budget estimated at US$5.21 million.

2013 Exploration Target Areas

Western Flank

Pilot Gold's drilling in 2012 identified a north-trending, mineralized zone located approximately 600 meters northwest of the nearest historical pit, measuring at least 600 meters by 100 meters, characterized by two stacked lenses of mineralization remaining open in all directions. Follow-up drilling is planned to potentially expand the mineralization found in 2012 drill holes PK061 (6.03 g/t gold over 13.7 meters, including 15.18 g/t gold over 4.6 meters), PK66 (2.48 g/t gold over 6.1 meters), and PK067 (9.50 g/t gold over 4.6 meters, including 20.5 g/t gold over 1.5 meters). The north-to-northeast trend that includes the Western Flank zone appears to validate the "Long Canyon model" developed by Pilot Gold's technical team.

There are no assurances that the geological similarities to Newmont Mining's Long Canyon Project, or Pilot Gold's previous experience at Long Canyon will result in the establishment of any resource estimates at Kinsley, or that the Kinsley Project can be advanced in a similar timeframe.

Candland Canyon

A new zone of mineralization was discovered in lower Candland Canyon in 2012, approximately 450 meters away from any previously-known mineralization, as shown in PK39 (1.08 g/t Au over 10.7 meters) and PK40 (0.74 g/t Au over 7.6 meters). Further drilling is planned in 2013 to explore offsets and extensions of this mineralization.

Other Target Areas

Drilling results in the Main Extension zone during 2012 showed that mineralization continues down dip of the historical Main Pit, and follow-up drilling is planned in 2013. Other new target areas have been developed from the results of 2012 surface sampling that discovered gold-bearing jasperoids up to 2 kilometers north of the historical pits, which when viewed in conjunction with the recent mapping of steep northwest and north-northeast striking faults, may reflect the presence of gold mineralization at depth.

To view a location map and a table displaying the results of the 2012 exploration program at Kinsley Mountain, please visit the Nevada Sunrise website at www.nevadasunrise.com.

About Kinsley Mountain

Kinsley Mountain is located in Elko County, Nevada, about 83 kilometers (51 miles) south of the town of Wendover. The Project lies within a seven-mile long, north-northeast trending ridge at the northern extension of the Antelope Range, and consists of 380 contiguous claims totaling 3,096 hectares (7,650 acres). Historical open-pit mining operations by Alta Gold Company extracted 138,151 ounces of gold from the property from 1994 to 1999. Kinsley Mountain is an early stage development project without any current resource estimates and there is no certainty that any such resource estimates will ever be established.

Pilot Gold reports that drill core composites were calculated using a cut-off of 0.30 grams/tonne. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-100% of the reported lengths. Drill samples were assayed by ALS Chemex (ISO9001:2000) in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 grams/tonne were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. QA/QC included the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 72-element geochemical suite by ICP-MS.

About Nevada Sunrise

Nevada Sunrise (TSX VENTURE:NEV) is a publicly-traded gold exploration company that holds a portfolio of three projects in Nevada, namely Kinsley Mountain, Golden Arrow, and Pinnacle, totalling approximately 6,368 hectares (15,735 acres) of prospective land. Nevada Sunrise 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 Nevada Sunrise, its properties, management team and philosophy, please visit our website at www.nevadasunrise.com or contact Bill Henderson, President and CEO at [phone].

[thewills]

We need another press release and soon!
been a while since anything has come out of the NEV camp, Im hoping for some big report here showing massive finds this quarter.

[Tommy]

$NVSGF - Pilot Gold provides exploration update and reports third quarter financial results

http://www.pilotgold.com/news/pilot-gold-provides-exploration-update-and-reports-third-quarter-financial-results

... "Kinsley Mountain:

In mid-September, the Company concluded an 11,864 metre drill program focused on expanding the mineralized footprint around the historic open pits on Kinsley Mountain and testing targets located 600 metres to the northwest of the historic operation. Through September 30, 2012, we had capitalized $3.31 million (year-ended December 31, 2011: $1.13 million) in expenditures at Kinsley, compared to a revised budget of $2.9 million for the year. Capitalized costs include values attributable to stock-based compensation, share issuances and other non-cash items directly relating to the advancement of the property that are not eligible toward earn-in.

Highlights to date include:

2.30 g/t gold over 19.8 metres in PK057, extending mineralization over a 2.2-kilometre trend length
6.03 g/t gold over 13.7 metres in PK061, 600 metres northwest of the nearest historic pit
5.48 g/t gold over 20.4 metres in PK014C
Staked 41 additional claims, consolidating our land position
Submitted a Plan of Operations for expanded exploration activities



The 2012 program identified a north-trending zone of higher-grade mineralization measuring at least 400 metres by 100 metres. This north-trending zone remains open in all directions in the Western Flank area. Drilling has also intercepted high grades at deeper stratigraphic levels than previously encountered and identified a new zone of mineralization, Candland Canyon on the northeast side of the mine trend.

During Q2 2012, Pilot Gold submitted a Plan of Operations for 100 acres of disturbance to the Bureau of Land Management (“BLM”) that will allow for expanded exploration activities. The Company has a permit in place for additional drilling at the Western Flank target. Pilot Gold plans to apply for an additional Notice of Intent permit for drilling the northern claim blocks.

In September 2012, Pilot Gold added significantly to the property position at Kinsley by staking 41 unpatented lode mining claims underlain by highly prospective geology on BLM-administered ground held prior to that point by another company. The majority (36) of the new claims are located between two previously separate claim blocks at Kinsley, creating a contiguous property and consolidating access to the main mineralized trends to the north. The additional staking brings the total to 332 claims. Surface work including mapping and rock and soil sampling are underway on the newly added ground.

Pilot Gold completed an earn-in to an initial 51% interest at Kinsley during the second quarter of 2012, and elected to exercise an option to earn a further 14% interest in the property. The Company has already incurred approximately 90% of the expenditure requirement to attain that 65% interest, and anticipates completing earn-in in early 2013. A subsidiary of Nevada Sunrise Gold Corporation is our joint venture partner at Kinsley." ...

[Tommy]

$NVSGF - Nevada Sunrise Reports 4.6 Metres of 9.5 g/t Oxide Gold at Kinsley Mountain

http://finance.yahoo.com/news/nevada-sunrise-reports-4-6-104500514.html

... "NEW DRILL RESULTS

Western Flank of Kinsley Range: The mineralized zone, located approximately 600 metres northwest of the nearest historic pit, measures at least 600 metres by 100 metres and is characterized by two stacked lenses of mineralization and remains open in all directions. Reverse Circulation drilling 100 to 150 metres north of PK061 (6.03 g/t gold over 13.7 metres) returned:

9.50 g/t gold over 4.6 metres including 20.5 g/t gold over 1.5 metres in hole PK067
2.48 g/t gold over 6.1 metres in hole PK66" ...

[Tommy]

$NVSGF - Nevada Sunrise Update on Golden Arrow Gold Project

http://finance.yahoo.com/news/nevada-sunrise-golden-arrow-gold-110000704.html

... "Golden Arrow Resource Estimate

The classified mineral resource report for Golden Arrow is quoted at a variable cut-off grade of 0.01 ounce per ton gold for oxide material and 0.015 ounce per ton gold for non-oxidized material and consists of:

A measured and indicated resource of 296,500 ounces of gold at an average grade of 0.024 ounce per ton Au, and 4,008,000 ounces of silver at an average grade of 0.33 ounce per ton Ag (12,172,000 tons);
An additional inferred resource of 50,400 ounces of gold at an average grade of 0.013 ounce per ton Au, and 1,249,000 ounces silver at an average grade of 0.33 ounce per ton Ag (3,790,000 tons)." ...