The Nevada Sunrise Gold Corporation, a junior exploration company, recently announced that they had intersected 15.3 grams per tonne of gold over 32.3 metres at their Kinsley Mountain Gold Project, located in Nevada, USA. The project, which is operated by the company, is situated in the Humboldt County region and is part of the Walker Lane Gold Trend, which is approximately 60 kilometres in length and has seen numerous discoveries in its time.
The exploration team have reported that the intersection of gold at Kinsley Mountain was made whilst drilling two holes to a depth of 31 metres at the project site. The team stated that the hole, prior to hitting high grade gold, encountered a minerals zone which contained quartz stockwork, indicating a hydrothermal system beneath the surface – of which was traditionally known to contain gold deposits. The presence of quartz and other similar elements like chlorite, epidote and altered mafic rocks provided geological evidence of a strong hydrothermal system at the site.
Commenting on the success of the explorations, the Nevada Sunrise Territory Manager said: “The extra depth and assay results exceeded the initial expectations from the program and we are looking forward to further results from the downhole surveys in the near future.’ He added: ‘This discovery is another example of the potential of some of the structures that have been identified and studied within the broader area of the Walker Lane trend. It is very rewarding for the field team to encounter such good grades within our target structure”.
Clearly this is an extremely positive step for the company and its investors as well as local miners who are hoping that the Kinsley Mountain project will be a success. With a strong presence of hydrothermal systems, the project appears to have unlimited potential and could be highly rewarding in the long term. We will have to wait and see what these explorations can yield, but the news is certainly something to be extremely pleased about.