Nevada Sunrise Enter Agreement On Roulette Gold Property

VANCOUVER - Nevada Sunrise Gold Corporation entered an option agreement to purchase the Roulette gold property located in White Pine County, eastern Nevada.

The Roulette property (formerly known as the Grulla Property) consists of 120 unpatented claims located approximately 30 miles (45 kilometers) north of Ely, Nevada in an active area of mineral exploration. Tied on to the north is McEwen Mining Inc.'s Limo project and to the west, Freeport-McMoran Inc. has located a large claim holding for porphyry copper/gold deposits.

Nevada Sunrise has recently expanded the claim group from the original 15 claims to its present size by way of new staking. John R. Kerr, P. Eng., Nevada Sunrise's Qualified Person, carried out a site visit in August 2014 and collected two chip samples from a jasperoid outcrop on the Roulette property, which returned the following significant gold values of 4.44 ppm gold over sample length of 3.30 meters (10 feet) and 1.045 ppm gold over sample length of 2.64 meters (8 feet).

Nevada Sunrise believes additional jasperoids exist on the property and initially plans to complete an airborne geophysical survey. Follow-up exploration would include geological mapping, rock and soil geochemistry, and ground geophysics to identify drill targets.

Historical exploration on the Roulette property discovered gold-bearing jasperoids in outcrop in the 1980s. Three to five drill holes are reported from this era however location and results are not available. From 2007 to 2009 the Roulette property was held by Columbus Gold Corporation who conducted extensive rock-chip sampling reporting gold and strong arsenic values associated with the jasperoids.