Nevada Sunrise Gold (TSX:V.NEV, Stock Forum), a Vancouver-based precious and base metals mining firm operating in Nevada, announced today that Pilot Gold (TSX:PLG, Stock Forum), the company's JV partner and operator for Kinsley Mountain, reported results from the infill and step-out drilling at Kinsley Mountain's Western Flank target.
According to the news release, Pilot continued to intersect high-grade gold mineralization with such assay results as 21.3 g/t Au over 29.0 metres at PK137C.
Other highlights from the five remaining holes in the 12-hole, 3,500 metre winter drilling campaign included 10.6 g/t Au over 30.0 metres at PK133C (step-out), 1.44 g/t Au over 12.2 metres at PK134C (step-out) and 15.6 g/t over 38.7 metres at PK137CA (infill).
The release went on to note, “Current activities on the property include construction of drill roads to access areas between the Western Flank and the Right Spot and Secret Spot target areas, located up to 2 kilometres to the southwest, as well as areas between the Western Flank and the historical Upper Pit, located 550 metres to the southeast. Areas to the south of the Right Spot are undergoing detailed surface mapping, sampling and target generation. Drilling is set to resume in early May 2014 with one core drill and two reverse circulation drills.”
Nevada Sunrise was in the news recent;y when the company elected to participate in an expanded 2014 program at Kinsley a week ago.
Shares climbed 12.50% on the news to $0.99 per share.
Currently there are 18.9m outstanding shares with a market cap of $18.9 million.