Nevada Sunrise resamples historical drill hole at the Griffon Gold Mine Project, Nevada
Nevada Sunrise Metals Corp. [TSXV: NEV) (OTC Pink: NVSGF] reported that it has received results from a comprehensive, multi-element geochemical resampling program of four historical holes drilled at the Griffon Gold Mine Project in White Pine County, Nevada, USA. The holes were drilled in 2020 by Fremont Gold Ltd. but were analyzed only for gold. The results of the 2025 resampling correspond well with the gold analyses from mineralization intersected in the 2020 drilling and all four holes reveal the presence of classic pathfinder elements associated with Carlin-type gold deposits.
Nevada Sunrise based its Fall 2025 surface exploration program on the results of AI-generated analysis by VRIFY Technology Inc. (VRIFY) of the extensive historical Griffon geological and geophysical database for the project. The 2025 work included a resampling and reanalysis of historical reverse circulation drill cuttings from the 2020 drilling program carried out by Fremont.
Nevada Sunrise obtained access to samples from four holes stored in a secure storage facility, and in December 2025 selected 205 residual pulps for 52-element reanalysis to provide superior geochemistry for sections of holes GF20-1, GF20-2, GF20-3 and GF20-7B, representing approximately 305 metres (1,000 feet) of drill cuttings.
The company’s reanalysis corresponded well with Fremont’s gold result from hole GF20-3, a vertical hole drilled to a depth of 165 metres (541 feet), which was collared within the unmined Anvil Zone on the southern edge of the Hammer Ridge pit. In July 2020, Fremont reported gold values in near-surface oxide gold mineralization of 1.05 g/t gold over 50.2 metres – the 2025 analysis by Nevada Sunrise returned 1.013 g/t gold over the same interval of 50.2 metres from 25.9 to 79.2 metres (85 to 260 feet), including 1.97 g/t gold over 10.7 metres from 64.0 to 74.7 metres (210 to 245 feet), and a peak value of 3.09 g/t gold over 1.5 metres from 68.6 to 70.1 metres (225 to 230 feet).
The company’s reanalysis of an 82.32 metre (270 foot) section of Fremont’s hole GF20-2, a 45-degree angle hole drilled to a depth of 170 metres (558 feet) to the north of the Discovery Ridge Pit, duplicated the 2020 result with gold values of 0.30 g/t gold over 30.5 metres (100 feet), including 0.68 g/t gold over 7.7 metres from 21.3 to 29 metres (70 to 95 feet) and having a peak value of 0.954 g/t gold over 1.5 metres from 22.9 to 24.4 metres (75 to 80 feet).
The pathfinder element geochemistry results in hole GF20-3 show a strong correlation between gold and anomalous values for arsenic, antimony, mercury, thallium and tellurium, all of which are known to be associated with the geochemical footprint of Carlin-type gold deposits and can provide a vector to gold mineralization.
In sections of the two 2020 Fremont holes that showed strong alteration but no significant gold mineralization (holes GF20-1 and GF20-7B), highly anomalous values of pathfinder elements suggest that the holes were drilled within an alteration halo peripheral to a gold-mineralized zone. Values of pathfinder elements that are widely considered to be highly anomalous include: arsenic >98 ppm; mercury >1.2 ppm; antimony >20 ppm; and thallium >1.2 ppm.
“The results of our reanalysis not only confirm the gold results from the most recent exploration drilling at Griffon, but also provide valuable insight into the sub-surface distribution of pathfinder elements that can help lead us to locating new mineralization at the Project,” said Warren Stanyer, President and CEO of Nevada Sunrise. “For the first time, these Carlin-type deposit pathfinder elements are clearly identified at Griffon and this information will be used as a vector for choosing new drill targets.”
In late September 2025, Nevada Sunrise submitted a Plan of Operations for Griffon to the United States Forest Service (USFS) to advise the USFS of the company’s proposed surface disturbance and 2026 drilling plans at Griffon. The plan proposes drill sites that are consistent with previously-permitted sites which were first approved by the USFS in 2013 after biological and archaeological studies were completed by previous operators. Correspondence from the USFS in February 2026 indicated that its comments are forthcoming regarding the drill targets proposed by the company and Nevada Sunrise awaits their receipt.
Griffon hosts a past-producing gold mine and is located within the Battle Mountain-Eureka Gold Belt, a prolific trend that contains numerous gold mines and deposits. The project is located approximately 50 km (33 miles) southwest of Ely, Nevada and consists of 89 unpatented mineral claims totaling approximately 1,780 acres (720 hectares). Griffon is situated within a 60-km (40 mile) section of the Battle Mountain-Eureka Belt, which hosts operating gold mines and significant gold deposits.
In February 2025, the company entered into a mining lease to purchase Griffon from an arm’s-length party. Gold was mined at Griffon in two open pits from 1998 to 1999 and was reported to have produced 62,661 ounces of oxide gold until its premature closure in 1999, a year when the price of gold averaged approximately US$278 per ounce.
Nevada Sunrise holds interests in gold, copper and lithium exploration projects located in Nevada. The company holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 km (33 miles) southwest of Ely, Nevada.
Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 km (30 miles) southeast of Winnemucca, Nevada.
Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, Nevada. As a complement to its exploration projects in Esmeralda County, the company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, Nevada.