CopAur also reports that drilling is now underway on the third planned core hole KMR23-03 at the Kinsley Ridge IP geophysical target discovered in 2021 (Figure 1). The Kinsley Ridge IP target is designed to test an undrilled area between the WFZ mineral resource and the past-producing
Core cutting and sampling of the first WFZ core hole is now complete, and samples will be analyzed at ALS Global in
A second drill rig is now turning with the commencement of reverse circulation ("RC") drilling, as part of the 3,500 metres (11,480 feet) combined RC and diamond core drilling program at Kinsley Mountain (see Figure 1, and Nevada Sunrise news release dated
Near-surface oxide gold resource expansion RC drilling has now commenced at the Main
Following completion of RC drilling at the Main
Kinsley Mountain hosts mineral resources comprising the high-grade sulphide WFZ and near-surface oxide resources of 418,000 indicated ounces of gold at 2.63 g/t gold, and 117,000 inferred ounces of gold at 1.51 g/t gold1. Indicated resources are inclusive of 302,000 ounces averaging 6.11 g/t gold hosted within the
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1 Technical Report on the |
The scientific and technical information contained in this news release has been reviewed and approved by
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in
Nevada Sunrise owns 100% interests in the Gemini,
The Company's key gold asset is a 20.01% interest in a joint venture at the
Nevada Sunrise has the right to earn a 100% interest in the
This release may contain forward–looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward–looking statements whether as a result of new information, future events or otherwise.
Such factors include, among others, risks related to the interpretation and actual results of historical production at Kinsley Mountain, reliance on technical information provided by third parties on any of our exploration properties, including access to historical information on the Kinsley Mountain property as well as specific historical data associated with drill results from the property, information received from CopAur Minerals Inc., current exploration and development activities; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; failure of CopAur Minerals Inc. to complete anticipated work programs; labor disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months ended
Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.
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