Nevada Sunrise Gold Corporation (TSXV:NEV) announce that a four-hole drill program has commenced targeting high-grade gold mineralization at the Kinsley Mountain Gold Project in northeastern Nevada. Kinsley Mountain is a joint venture between Pilot Gold Inc. (TSX:PLG) and Nevada Sunrise, with Pilot Gold holding a 79.1 percent interest, and Nevada Sunrise, through a wholly-owned U.S. subsidiary, holding a 20.9 percent interest.
As quoted in the press release:
New drill targets were developed using 3-D modeling software, including the integration of recent and historical geological, geochemical and geophysical data as detailed below. As a result, a new highpriority target area, immediately southwest of the historic Main Pit and at a lower stratigraphic level, was identified and will be tested in four reverse circulation holes of approximately 425 metres each for a total of 1,700 metres. The drill program commenced April 21, 2016.
The 2016 Kinsley Mountain program and budget was increased by US$315,000 from US$460,000 for an amended total of US$765,000. If the 2016 drill program successfully intercepts high-grade sulphide mineralization, additional induced polarization (“IP”) surveys and drilling along the Kinsley Trend may be undertaken.
Connect with Nevada Sunrise Gold Corporation (TSXV:NEV) to receive an Investor Presentation.
The post Nevada Sunrise Announces Commencement Of 2016 Drilling Program At Kinsley Mountain Gold Project appeared first on Investing News Network.