Nevada Sunrise Metals (TSX-V:NEV) has identified gold and pathfinder-element anomalies in soils at its Fivemile Gold Project in Nevada, US, providing targets for follow-up geophysical work.
The company collected 300 soil samples across the property. Analysis using the ionic leach method identified anomalous gold, arsenic, copper, and selenium.
In the northern area of the property, higher readings surround a core of lower values, forming what Nevada Sunrise describes as a ‘doughnut-hole’ anomaly over previously identified geophysical targets.
President and CEO Warren Stanyer says the survey provides an initial foundation for exploration beneath the property’s surface cover.
“The results of our inaugural exploration program at Fivemile represent just the first layer of modern exploration data acquired by the company at the project,” Stanyer says.
Nevada Sunrise interprets groundwater movement as having transported metal ions southwards, weakening some northern readings and producing a broader soil anomaly in the southern playa lake bed.
These interpretations will guide further exploration; the soil results do not establish a buried gold deposit.
Gravity survey to refine Fivemile targets
Nevada Sunrise says it is seeking contractor bids for a high-resolution ground gravity survey, expected to begin in the December quarter. The work aims to better define overlapping gravity-high and magnetic-low anomalies identified through reprocessing of regional geophysical data and help the company develop drill targets.
Fivemile comprises 292 unpatented mineral claims covering approximately 2,442 hectares in Lander County. The project lies near the Cortez Hills and Goldrush mines in Nevada’s Cortez district.
Nevada Sunrise holds an option to earn a 79% interest in the Fivemile Gold Project from privately held American Metals Exploration in three stages over four years.
Nevada Sunrise Metals is a Canadian explorer with interests in gold, copper, and lithium projects in Nevada.
Write to France Pinzon at Mining.com.au
Main image: Nevada Sunrise Metals
