JUNIPER, PERSHING COUNTY, NEVADA

Juniper Highlights

• 100% controlled, early-stage sediment hosted gold exploration property in north-central Nevada, about 25 miles south of Winnemucca
• Comprised of 110 unpatented lode mining claims covering about 2,026 acres in the Willow Creek Mining District
• Hosts strata bound and fault-controlled carbonate replacement gold mineralization, commonly referred to as Carlin-type mineralization
• Historic drilling by Newmont Mining and MK Gold defined a modest histroci (pre-dating NI 43-101 standards) inferred resource totaling 181,000 short tons with an average gold grade of 0.15 ounces per ton (oz/t)

May 12, 2008
Juniper NI 43-101

The Juniper property is located in Pershing County, approximately 26 miles (42 kilometers) south of Winnemucca.  The property consists of 110 unpatented lode mining claims covering an area of approximately 2026 acres (820 hectares) on the east flank of the East Range overlooking Grass Valley.  The property is located within the Willow Creek mining district, which includes lode and placer gold mines in and near Willow and Spaulding Canyons. The prospect was “rediscovered” in 1987 and explored by three companies between 1987 and 1998.  These companies drilled a total of 134 shallow reverse-circulation holes for 37,074 feet (11,303 meters).  A modest gold resource was defined, but exploration was suspended because of low gold market prices. 

Nevada Sunrise LLC acquired the property in 2003.   

Gold mineralization on the Juniper prospect consists of carbonate rock-hosted disseminated (“Carlin-type”) gold mineralization.  Mineralization defined by drilling occurs both as bedding-parallel and fault-controlled disseminated replacements within carbonate rock.  The characteristics of the altered and gold-enriched rock are quite similar to outcrops in the Rain or Alligator Ridge gold districts of Nevada.  The presence of these large jasperoid outcrops captured the attention of the Newmont geologists who discovered the prospect in 1987. 

The Juniper property is located in the so-called “Lee Peak Window” – an area where erosion of overlying rock units allows geologists to see through to the underlying strata.  Gold mineralization occurs within mixed carbonate and clastic rocks of the Ordovician-age Comus formation – host unit to several large gold deposits in northern Nevada.  The Lee Peak Window was intruded by the Jurassic-age Lee Peak pluton and a surrounding swarm of associated igneous dikes and sills.  There is strong evidence that gold mineralization on the property is closely associated with these igneous rocks. 

The Juniper property presents  potential for discovery of carbonate-hosted disseminated gold mineralization as well as high-grade veins and skarn.  Numerous high-grade (>0.3 ounce per ton gold) surface geochemical targets have never been drill-tested.  Geophysical evidence suggests potential for skarn mineralization at depth. 

NSGC acquired and is consolidating a sizeable archive of historical exploration information that can better inform a future exploration program.  This includes rock-chip and soil geochemical data, ground magnetic survey, and data from the previous drilling.  Some of the more significant intercepts from the drill database are summarized in the following table.