Pilot Gold (Seite 17)

[seinfeld]

Weiterhin gute Nachrichten ... weiterhin keine positive Kursreaktion

Pilot Gold drill results reveal strong gold mineralization extending 500 metres at Kinsley Mountain
January 13, 2014
Western Flank mineralization remains open to south toward the Right Spot, a priority drill target in 2014
VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to announce that new drilling at Kinsley Mountain’s Western Flank target has intersected significant gold in drill holes spaced over a 500-metre trend that remains open to the north and south.

Hole PK091CA, which returned 8.53 g/t gold (Au) over 36.6 metres, is at the centre of the trend (see press release dated November 18th, 2013). New drill highlights along trend include:

5.00 g/t Au over 7.6 metres and 4.71 g/t over 7.3 metres in PK096C
2.50 g/t Au over 24.4 metres in PK104C
6.34 g/t Au over 5.9 metres in PK106C, including
o 9.91 g/t Au over 3.4 metres

Stratigraphic units hosting the gold in the Western Flank zone rise to the surface, 500 metres to the south at the newly identified Right Spot target. Mapping and rock sampling at the Right Spot demonstrate a 250-metre north-northeast zone of surface jasperoids returning 1-5 g/t Au in grab samples. These features suggest that the Right Spot surface mineralization may result in a gold mineralized zone stretching more than one kilometre in length.

“The high-grade results from the Western Flank and recent fieldwork in the Right Spot area suggest that the Western Flank and Right Spot are part of a connected gold mineralized system, similar in nature to the system our team defined at Long Canyon,” said Moira Smith, Chief Geologist, Pilot Gold. “We will begin our 2014 drill program in late January by prioritizing further drilling at the Western Flank and testing the surface mineralization at the Right Spot and other areas to the south.”

Pilot Gold drilled approximately 14,200 metres in 58 holes in its 2013 Kinsley program, with assays pending for three holes.

For a table of 2013 Kinsley Mountain drill results to date, including non-reportable intercepts, please click here: http://www.pilotgold.com/sites/default/files/KinsleyDrillRes…

For a drill map outlining the area covered by the Plan of Operations, please click here: http://www.pilotgold.com/sites/default/files/KinsleyDrillMap…

The Western Flank target is located 550 metres northwest of the past-producing pits at Kinsley. It comprises north-northeast-plunging zones of mineralization hosted in up to three receptive stratigraphic horizons intersected by one or more steep breccia zones that may have served as conduits and porous hosts for gold mineralization. Pilot Gold drilling has shown that high-grade gold also occurs within a lower limestone unit that was not identified or tested by previous operators.

The Western Flank area hosts numerous features that are similar to the geology at the Long Canyon deposit, including evidence of potential boudinage of a 100-metre-thick dolomite horizon and focusing of gold mineralization in and around this boudin neck area, which strikes north-northeast. Long Canyon was explored and developed by Pilot Gold’s Kinsley team, prior to the project’s sale as part of Newmont Mining Corporation’s $2.3 billion acquisition of Fronteer Gold.

ABOUT KINSLEY MOUNTAIN

Kinsley Mountain hosts near-surface mineralization similar to other Carlin-style, sediment-hosted gold systems along a 2.2 kilometre, SE-NW strike extent. The property consists of 380 claims and 7,650 acres (3,095 hectares) on U.S. Bureau of Land Management ("BLM") land and hosts a past-producing mine with an extensive exploration database and numerous, untested gold targets. Gold mineralization is primarily oxidized and occurs in strataform zones and fault collapse breccias within a sequence of Cambrian-Ordovician shelf carbonates. At depth, Pilot Gold has also drilled high-grade transitional and sulfide mineralization.

Kinsley Mountain is an early-stage exploration project and does not contain any mineral resource estimates as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further exploration will result in these targets being delineated as a mineral resource. There are furthermore no assurances that the geological similarities to the Long Canyon project or other projects displaying high-grade collapse breccia zones will result in the establishment of any resource estimate at Kinsley’s Western Flank, or, if found to exist, that it will be of a similar grade or quantity that is found at Long Canyon or those other deposits, or that the Kinsley project can be advanced in a similar timeframe.

Intor Resources Corporation ("Intor"), a subsidiary of Nevada Sunrise Gold Corp., is the Company's joint venture partner at Kinsley. Pilot Gold holds a 78% interest in Kinsley and sole-funded a $3.4-million program in 2013.

Moira Smith, Ph.D., P.Geo., Chief Geologist, Pilot Gold, is the Company's designated Qualified Person for this news release within the meaning of NI 43-101 and has reviewed and validated that the information contained in the release is accurate. Drill composites were calculated using a cut-off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-100% of the reported lengths. Drill samples were assayed by ALS Chemex (ISO9001:2000) in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.200 ppm an addition cyanide leach analysis is done where the sample is treated with a 0.25% NACN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS.


Gruß, Seinfeld

[Rainer811]

Antwort auf Beitrag Nr.: 45.941.208 von Global-Player83 am 28.11.13 17:00:11

Wer lesen kann ist schwer im Vorteil.
Manchmal hilft dann auch noch der Blick nach hinten.

[Global-Player83]

hat pilot gold auch was aussichtsreiches in der türkei?

[SEPP_EIXLBERGER]

Antwort auf Beitrag Nr.: 45.858.784 von prallhans am 18.11.13 14:09:28

PEA ohne RE wie geht denn das ?

http://www.pilotgold.com/our-projects/kinsley

1) There are no assurances that the geological similarities to Newmont Mining’s Long Canyon project or other projects along the Long Canyon Trend will result in the establishment of any resource estimates at Kinsley, or that the Kinsley Project can be advanced in a similar timeframe. Kinsley Mountain is an early stage development project without any current resource estimates and there is no certainty that any such resource estimates will ever be established.

2) Pilot Gold is not treating the historical estimate as current mineral resources or mineral reserves, as defined in sections 1.2 and 1.3 of NI43-101. A qualified person has not done sufficient work to classify the historical resource estimate as current mineral resources or mineral reserves, and thus the historical estimate should not be relied on.

[prallhans]

Kinsley hat offensichtlich ein ganz ordentliches Potenzial! Und der Newsflow stimmt. Für wann ist da eigentlich die PEA geplant?

[SEPP_EIXLBERGER]

Pilot Gold Reports 8.53 G/T Gold Over 36.6 Metres At Kinsley Mountain, Nevada

http://www.marketwired.com/press-release/pilot-gold-reports-…

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 18, 2013) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to announce that the 2013 program returned the highest-grade intercept in more than 1,300 holes drilled to date at the Kinsley Mountain project - 8.53 g/t gold (Au) over 36.6 metres, including 29.43 g/t gold over 7.6 metres in HQ core drill hole PK091CA.

Assay results from the Western Flank target, located 550 metres northwest of the past-producing pits at Kinsley, also expand the area of high-grade gold mineralization and demonstrate the potential for Kinsley to host significant high-grade gold mineralization. Drill hole highlights include:

8.53 g/t Au over 36.6 metres in PK091CA, including
29.43 g/t Au over 7.6 metres
15.6 g/t Au over 3.0 metres in PK083C
2.21 g/t Au over 10.7 metres in PK073
1.65 g/t Au over 24.4 metres in PK074
2.51 g/t Au over 16.8 meters in PK102

"Results released today mark a sea change for Kinsley, providing 'proof of concept' that our technical team's model from Long Canyon is valid and applicable at our flagship Nevada property," stated Dr. Moira Smith, Chief Geologist, Pilot Gold. "Prior operators believed Kinsley mineralization was restricted to past-producing, northwest trending structural corridors and hosted primarily in the Candland Shale. However, today's breakthrough drill results confirm that Kinsley's gold mineralization is also controlled by north and north-northeast trending structures and hosted within a limestone and shale sequence beneath the Candland Shale. We believe these results support district-scale potential at Kinsley."

Pilot Gold has drilled approximately 14,200 metres in 58 holes to date for its 2013 Kinsley program, with assays pending for 26 holes.

For a table of 2013 Kinsley Mountain drill results to date, including non-reportable intercepts, please click here: http://www.pilotgold.com/sites/default/files/KinsleyDrillRes…" target="_blank" rel="nofollow ugc noopener">http://www.pilotgold.com/sites/default/files/KinsleyDrillRes…

For a drill map outlining the area covered by the Plan of Operations, please click here: http://www.pilotgold.com/sites/default/files/KinsleyDrillMap…" target="_blank" rel="nofollow ugc noopener">http://www.pilotgold.com/sites/default/files/KinsleyDrillMap…

For a photograph of PK091CA please here: http://www.pilotgold.com/sites/default/files/CorePhoto.pdf

[prallhans]

Antwort auf Beitrag Nr.: 45.835.818 von seinfeld am 14.11.13 18:11:30

Servus,
wollte dir heute mal den Vortritt mit dieser Meldung lassen!
Ja, jetzt sollte mal was gehen, vor allem, wenn man bedenkt wie regelmässig diese Firma liefert.

[seinfeld]

Antwort auf Beitrag Nr.: 45.740.189 von prallhans am 01.11.13 11:48:34

Liest sich doch erneut sehr gut, jetzt wäre es mal langsam an der Zeit, dass der Kurs endlich positiv reagiert!!!!

Gruß, Seinfeld

Pilot Gold reports third quarter financial results and significant progress at key exploration properties
November 13, 2013
Karaayi agreement, strong initial drill results at Kayali, approved plan of operations at Kinsley highlight Q3 advancements

VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report its financial results for the nine months ended September 30, 2013, and update progress at TV Tower and Kinsley.

Q3 2013 HIGHLIGHTS AND SIGNIFICANT EVENTS SUBSEQUENT TO QUARTER-END:
•Cash and short-term investments at September 30, 2013, totalled $24 million.
•Acquired beneficial interest in the Karaayi property, consolidating ownership of a strategic exploration target at TV Tower and creating the dominant position in Turkey’s Biga Peninsula. The Karaayi tenure contains some of the strongest and most extensive gold-in-soil anomalies in the TV Tower District.
•Reported mapping, soil sampling, rock sampling and compiled drill data that indicate the presence of a potential shallow, bulk-tonnage oxide gold-mineralized system at least four kilometres long between the Kayali and Karaayi targets at TV Tower.
•Demonstrated strong continuity of oxide gold mineralization over a strike length of 450 metres from the Company’s first drill test at Kayali. Significant drill results from the Kayali target include1:
o 15.9 g/t gold (Au) over 3 metres, within an interval grading 1.35 g/t Au over 45 metres, in KYD-46 •Continued to demonstrate encouraging drill results at TV Tower’s KCD target while expanding that target’s silver and gold mineralization. Significant drill results from KCD include2:

o 6.99 g/t Au, 150 g/t silver (Ag), 10.1% copper (Cu) over 5.0 metres in KCD-164, including 14.3 g/t Au, 494 g/t Ag, 35.1% Cu over 1.1 metres
•Completed the second milestone expenditure requirement toward earn-in to an additional 20% interest at TV Tower.
•Increased the Company’s interest in Kinsley to 78%, and received approval for a Plan of Operations allowing up to 70 acres of disturbance for exploration and development drilling on the core group of claims.
•Sold several portfolio property interests, reducing the cost of maintaining the assets while retaining an interest in the properties through net smelter return royalty interests or equity in the purchasers.


1As previously reported in press release dated November 1, 2013
2As previously reported in press release dated September 10, 2013

“We are very pleased with the progress achieved in Turkey and Nevada through drilling and other exploration work, permitting, land acquisitions and deal flow during Q3,” stated Matt Lennox-King, President and CEO, Pilot Gold.

“With our strong cash balance, the Karaayi transaction, the emergence of a potential bulk-tonnage oxide gold-mineralized system at TV Tower and our increased interest in Kinsley, we are uniquely positioned to fund programs through 2014 at two premier exploration properties in exceptional mining jurisdictions.”

WORK PROGRAM UPDATES

Pilot Gold continued to make progress on its key exploration projects in the third quarter of 2013.

TV Tower:

On September 5, 2013 we announced a transaction to acquire the 1,956-hectare Karaayi property, consolidating ownership of a strategic exploration target for TV Tower and creating the dominant land position in the greater TV Tower District. The Karaayi target is contiguous and on strike with the Kayali target and has approximately 100 permitted drill sites. Orta Truva Madencilik, the Company’s joint venture partner at TV Tower, acquired a beneficial interest in Karaayi in exchange for 1,250,000 Pilot Gold common shares and $300,000 in cash. Consideration for the acquisition is eligible toward earn-in to the additional 20% interest in TV Tower.

The Company has completed 16,781 metres of drilling at KCD, 3,586 metres of drilling at Kayali and 1,329 metres of drilling at Karaayi. Initial infill mapping and soil and rock sampling between Kayali and Karaayi demonstrate the presence of a contiguous oxide gold-mineralized system stretching four kilometres, linking the two targets and providing a significant extension on the Kayali mineralization. An initial resource of the KCD target is expected before year end, and a staged metallurgical testing program is underway. We received drill permits for the Sarp and Columbaz targets in October 2014 and have multiple permits pending.

During the nine months ended September 30, 2013, Pilot Gold incurred approximately $7.1 million in exploration expenditures at TV Tower (year ended December 31, 2012: $4.77 million). The budget for the 2013 program is $7.9 million. Including consideration paid for Karaayi, and net of a VAT receivable, the Company has $7.1 million remaining to complete the final earn-in expenditure requirement.

Pilot Gold currently holds a 40% interest in the project, and became project operator in 2012 with an option to increase the Company’s interest in TV Tower to 60%. The Company completed the second year minimum committed expenditure amount during the quarter and has embarked on the final expenditure to complete the earn-in. A subsidiary of Teck Resources Limited is the Company’s 60% joint venture partner at TV Tower.

Kinsley:

Kinsley is a Carlin-style, sediment hosted project and past producer located along the Long Canyon Trend in North Eastern Nevada. Pilot Gold increased its interest in Kinsley Mountain to 78% during the quarter as Nevada Sunrise Gold Corporation elected not to participate in the 2013 program and budget. The revised budget at Kinsley is equal to what had previously been Pilot Gold’s share ($3.39 million). The Company expects that the planned 20,000-metre RC and core drill program will conclude in November 2013. More than 13,700 metres have been completed to date under the 2013 program.

The Company received an Approved Record of Decision from the United States Interior Department’s Bureau of Land Management for a Plan of Operations in August 2013. Upon receipt, the Company expanded exploration and expects to drill multiple targets beyond the previously disturbed areas on this past-producing property.

Through September 30, 2013 the Company had capitalized approximately $2.04 million in expenditures at Kinsley (year ended December 31, 2012: $3.67 million).

TV Tower and Kinsley are both early stage exploration projects; neither contain any mineral resource estimates as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further exploration will result in these targets yielding a mineral resource.

SELECTED FINANCIAL DATA

The following selected financial data is derived from the Company’s unaudited condensed interim consolidated financial statements for the nine month period ended September 30, 2013, as prepared in accordance with International Financial Reporting Standards.

(Expressed in 000s, except per share data)


Three months ended September 30,


Nine months ended September 30,

2013


2012


2013


2012

Loss for the period

($1,215)


($1,814)


($7,570)


($4,658)


Loss and comprehensive loss for the period


($716)


($1,328)


($9,420)


($4,828)




Basic and diluted loss per share


($0.01)


($0.03)


($0.09)


($0.08)


As at

September 30, 2013

(in 000s)


December 31, 2012

(in 000s)

Cash and short-term investments


$23,975


$37,380

Working capital

$23,601


$40,395

Total assets


$72,006


$72,389

Current liabilities


$2,060


$1,288

Non-current liabilities


$69


$43

Shareholder’s equity


$69,877


$71,058

Total assets decreased to $72.01 million as at September 30, 2013 (December 31, 2012: $72.39 million), and comprise primarily expenditures capitalized to the earn-in to TV Tower of $18.13 million (December 31, 2012: $7.24 million), the value of the Company’s investment in its associates of $15.03 million (December 31, 2012: $11.93 million) and cash and short-term investments of $23.98 million (December 31, 2012: $37.38 million). Notwithstanding an ongoing exploration program whereby the majority of expenditures are capitalized, the decrease reflects the write down of deferred exploration expenditures ($1.37 million) relating to the New Boston and Buckskin North properties and cash outflows related to corporate activities through the nine months ended September 30, 2013. The increased values of the earn-in to TV Tower and the Company’s investment in its associates reflects the inclusion of the value of common shares ($5.99 million) issued pursuant to the TV Tower Agreement and as partial consideration for the acquisition of Karaayi.

For the three and nine months ended September 30, 2013, Pilot Gold reported a net loss of $1.22 million and $7.57 million respectively, compared to net losses of $1.81 million and $4.66 million for the same periods in the prior year. The losses per share for the three and nine month periods ended September 30, 2013 were $0.01 and $0.09 respectively (three and nine months ended September 30, 2012: $0.03 and $0.08 per share). The most significant contributors to the loss for the nine months ended September 30, 2013 were the impairment and write down of deferred exploration expenditures ($1.37 million) at the New Boston and Buckskin North properties, the recognition of non-cash stock based compensation ($1.91 million) and the cost of wages and benefits ($1.31 million). These costs were offset by management fees received as part of the TV Tower Agreement ($0.62 million) and interest earned on the Company’s cash deposits of $0.33 million. The most significant contributors to the comparative period loss were stock based compensation expenses and wages, offset by changes in the fair value of the Company’s financial instruments.

Other comprehensive gains and losses for the three and nine months ended September 30, 2013 were a $0.50 million gain and $1.85 million loss, respectively (comprehensive gains of $0.49 million and losses of $0.17 million for the same periods in the prior year). The loss for the nine month period ended September 30, 2013 includes a $1.83 million loss (nine months ended September 30, 2012: $0.81 million gain) from the impact of exchange gains and losses arising from exchange differences on the translation of Pilot Gold’s foreign operations with a non-United States dollar functional currency, net of losses relating to fair value changes in our financial assets and the impact of reclassification of the value of previously impaired equity. The impact from exchange differences will vary from period to period depending on the rate of exchange. In the period between January 1, 2013 and September 30, 2013, there was a 3.3% change in the exchange rate between the United States and Canadian dollars.

Liabilities at September 30, 2013 and at December 31, 2012 reflect primarily accounts payable and accruals recorded at period end arising from ongoing activities.

This press release should be read in conjunction with Pilot Gold’s unaudited condensed interim consolidated financial statements and Management’s Discussion and Analysis for the nine months ended September 30, 2013. These documents can be found on the Company’s website (www.pilotgold.com) or on SEDAR at www.sedar.com. All amounts are presented in United States dollars unless otherwise stated.

[prallhans]

Und es wurde wieder gebohrt:

Pilot Gold reports 0.60 g/t oxide gold over 81.0 metres at Kayali, TV Tower
November 1, 2013

Drilling reveals near-surface, oxide gold zone over 450-metre strike length

VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report that the Company’s first drill test at Kayali, TV Tower intersected high-grade gold, and also demonstrated strong continuity of oxide gold mineralization over a strike length of 450 metres.

Drill highlights include:

15.9 g/t gold (Au) over 3 metres, within an interval grading 1.35 g/t Au over 45 metres, in KYD-46

0.60 g/t Au over 81.0 metres, within an interval grading 0.41 g/t Au over 147.7 metres, in KYD-39

0.85 g/t Au over 40.6 metres in KYD-43, including

o 2.30 g/t Au over 8.8 metres

0.56 g/t Au over 52.5 metres in KYD-44, including

o 1.78 g/t Au over 7.5 metres

0.62 g/t Au over 42.0 metres and 0.42 g/t Au over 16.9 metres and 0.33 g/t Au over 37.6 metres in KYD-42

“We are excited about the drill results we are seeing to date as they verify that the geological model for this oxidized, high-sulphidation gold system is similar to those at the nearby Agi Dagi and Kirazli projects, which our team helped explore, drill and advance to the cusp of development,” stated Dr. Moira Smith, Chief Geologist, Pilot Gold. “Other prominent systems of this type include the Yanacocha, Pierina, and Alto Chicama oxide systems in Peru, and are distinguished by low operating costs, low capital intensity and straightforward processing1.”

Pilot Gold has drilled 3,585 metres in 17 holes in Kayali in 2013, with assays for four holes pending.

The Company is also conducting its initial drill program at Karaayi, a target adjacent to Kayali. Karaayi has previously been tested by a number of historic drill holes, returning shallow oxide gold intercepts with similar grade and thickness to those at Kayali. A comprehensive geological mapping and surface soil and rock sampling program is currently underway at Karaayi.

K2 geology:

Oxide gold mineralization along the K2 trend, which includes the Kayali and Karaayi targets, is hosted in a thick sheet of massive and vuggy quartz-altered volcaniclastic rocks (or ‘ledges’) cut by west-northwest striking, steeply south-dipping, hematite-cemented breccia zones and fractures (or ‘ribs’) hosting elevated gold grades. Surface mapping and sampling suggests that Kayali gold mineralization extends westward through the Karaayi target for a total length of over four kilometres, making the K2 trend the most extensive Au-in-soil anomaly at TV Tower (see press release dated October 22, 2013).

All true widths are 50-100% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing.

For a comprehensive table of results related to gold mineralization at Kayali, including drilling by Teck Madencilik Sanayi Ticaret A.S., Pilot Gold’s joint venture partner at TV Tower, please click: http://www.pilotgold.com/sites/default/files/Kayali_AuComp.p…

For a map highlighting drilling at Kayali, please click:
http://www.pilotgold.com/sites/default/files/KYDfinal.pdf

[prallhans]

Und News, von Stockwatch.com

Nevada Sunrise, Pilot Gold form JV company at Kinsley

2013-10-28 08:40 ET - News Release

See News Release (C-NEV) Nevada Sunrise Gold Corp

Mr. Warren Stanyer of Nevada Sunrise reports

NEVADA SUNRISE ANNOUNCES JOINT VENTURE AGREEMENT FOR KINSLEY MOUNTAIN

Nevada Sunrise Gold Corp. has signed a joint venture agreement between subsidiaries of the company and Pilot Gold Inc. for the Kinsley Mountain project, located in Elko county, Nevada. A Delaware limited liability company, Kinsley Mountain LLC, has been formed to manage the joint venture, with Pilot Gold as operator. Earlier in 2013, Pilot Gold gave notice to Nevada Sunrise that it had completed $3.0-million (U.S.) in eligible expenditures to increase its participating interest in Kinsley Mountain to 65 per cent. Pilot Gold is currently financing a $3.4-million exploration program at the project in its entirety, which has further increased Pilot Gold's interest from 65 per cent to approximately 78 per cent, with Nevada Sunrise holding an approximate 22-per-cent interest.

On July 16, 2013, Nevada Sunrise announced that Pilot Gold had commenced drilling at Kinsley Mountain. The drilling program, planned for 20,000 metres, is a follow-up to the 2012 drilling and exploration campaign that defined and expanded gold mineralization over a 2.2-kilometre-long trend. Pilot Gold is testing high-priority targets within a core group of claims, including the Western Flank, Candland Canyon, and extensions trending north-northeast and southwest of the historical pits.

The company is informed that Pilot Gold expects to complete the drilling program by the end of December, 2013. Nevada Sunrise will update its shareholders on the results of the program following receipt of a status report from Pilot Gold.

For a table of Kinsley Mountain drill results for holes completed prior to the current program, please visit Nevada Sunrise's website.

About Kinsley Mountain

For further information about Kinsley Mountain, please refer to a technical report entitled "Technical Report on the Kinsley Project, Elko County, Nevada, United States," effective Feb. 15, 2012, and dated March 26, 2012, prepared by Michael Gustin, CPG of Mine Development Associates; Dr. Moira Smith, PhD, PGeo; and Kent Samuelson of Pilot Gold, filed on May 9, 2012, under Nevada Sunrise's profile on SEDAR, also available for viewing on Nevada Sunrise's website.