Issue link: http://resourceworld.uberflip.com/i/783264
F E B R U A R Y / M A R C H 2 0 1 7 www.resourceworld.com 25 From 2011 through 2015, explora- tion was carried out at Kinsley Mountain by Pilot Gold Inc. [PLG-TSX] as opera- tor, earning them a 70.1% interest in the property with Nevada Sunrise owning the remaining 20.9%. The property is in Elko Country, eastern Nevada and covers an area of over 10,000 acres. A NI 43-101 resource at Kinsley gives us an indicated gold resource for three types of mineralization of 405,000 ounces of gold at a grade of 2.27 g/t gold and an inferred resource of 122,000 ounces at an average grade of 1.13 g/t gold. Twelve new target areas have been developed for Kinsley Mountain with help from VTEM airborne surveys carried out in 2016. Historical drill results also confirm some of the new targets to be gold bearing. A drill program for these targets is planned for this year. Nevada Sunrise recently completed ground geophysical and geochemical surveys at its newly acquired Roulette prop - erty where initial exploration is focused on two jasperoid outcrops, one which returned 4.44 g/t gold over a sample length of 3.30 metres and 1.05 g/t gold over 2.64 metres. The property is 45 km north of Ely, Nevada and is tied onto McEwen Mining's [MUX- TSX] Limousine Butte Project. To the west of the property, Freeport-McMoran [FCX- NYSE] has located a large claim holding for porphyry copper/gold deposits. Nevada Sunrise has a market cap of approximately $10 million and holds approx - imately $2.5 million in stock and cash. n The above article was written by Barry Muir who is a registered Investment Adviser with Haywood Securities Inc. a Canadian based independent, full service investment firm and member of the Canadian Investor Protection Fund. The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. The informa - tion contained in the reports have been compiled from sources Haywood believes are reliable; however, Haywood makes no guarantee, repre- sentation or warranty, expressed or implied, as to such information's accuracy or completeness. The views expressed are those of the author and not necessarily Haywood Securities Inc. All opinions and estimates contained in the reports are based on assumptions the author believes to be reasonable as of the dates of the reports but are subject to change without notice. Either the author, Haywood Securities Inc. or its employ - ees may from time to time hold or transact in the securities mentioned. Barry can be reached at (604) 697-6172 or bmuir@haywood.com