Nevada Sunrise Begins Exploration on Roulette Gold Project in Nevada

September 7, 2016

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VANCOUVER , Sept. 7,  2016 /CNW/ – Nevada Sunrise (TSXV:NEV) is pleased to announce that a geochemical sampling program is underway on its 100%-owned Roulette Gold Project (“Roulette”, or the “Project”) located in White Pine County, Nevada , USA, at the southeastern extent of the Carlin Trend. The multi-element soil sampling program is designed to test areas of the property not covered by previous explorers. A 3D induced polarization (“IP”) ground geophysical survey is also planned later in September 2016 to follow-up on the results of a previous 3D-IP survey carried out by the Company in 2015 (see Nevada Sunrise news release dated June 18, 2015 ).

Geochemistry

Approximately 600 soil samples at 25 metre intervals on lines spaced 200 metres apart are planned for the 2016 geochemical program at Roulette. Nevada Sunrise has acquired historical geochemical data from surface work performed by U.S. Gold (now McEwen Mining Inc.) and Cordex Exploration Co., prior to the Company’s acquisition of the Project in 2014, which will be integrated with the results of the current program. A review of the historical soil data shows: (1) a chemical association of gold, antimony and mercury with wider haloes of silver and arsenic, consistent with Carlin -type mineralization, and (2) the chemical signature appears to be spatially associated with both jasperoid locations and along interpreted brittle structural faults and intersection points.  This may suggest an association between brittle structure and silicification, a characteristic also consistent with Carlin -type mineralization.

Geophysics

The 2015 3D-IP geophysical survey was focussed in the northern half of Roulette covering two jasperoid outcrops (“Parlay” and “Gambit”) known from historical prospecting and mapping, one of which is mineralized. The Parlay jasperoid was sampled in August 2014 by Nevada Sunrise and returned 4.44 grams/tonne gold over a sample length of 3.30 metres (10 feet), and 1.05 grams/tonne gold over a sample length of 2.64 metres (8 feet).

The results of the 2015 3D-IP survey showed three strong chargeability anomalies:

  • The largest chargeability high is located near the south end of the survey grid, ENE of the Parlay jasperoid gold showing, and is associated with a strong arsenic/antimony soil anomaly;
  • A second chargeability high is located in the north central part of the grid, immediately east of the Gambit jasperoid;
  • A third chargeability high is located on the northernmost line of the survey on strike with the Parlay and Gambit jasperoids and is open to the north. The 2016 work is designed to cover the open northern anomaly and determine its strike length.

Maps of Roulette and an animated view of the 2015 3D-IP survey results can be viewed on the Company’s website at http://www.nevadasunrise.ca/projects/roulette/.

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Category: Energy