VANCOUVER, BC, April 14, 2025 /PRNewswire/ – Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) (“Nevada King” or the “Company“) is happy to lend an replace on its regional drill program at its 100%-owned Atlanta Gold Mine Mission alongside the prolific Combat Mountain Pattern, 264km northeast of Las Vegas, Nevada.
To day, the Corporate has finished 88 extensively spaced opposite flow (“RC“) holes, totaling 21,300 metres, centered alongside the margins of the Atlanta caldera over an 18km2 segment. Drilling has passed off on the 12 initial goals discharged on September 17, 2024, and October 3, 2024, which have been in large part in response to geophysical anomalies. Via drilling, those goals have developed into 3 main exploration boxes – Atlanta South (that comes with the South Quartzite Ridge Goal), Atlanta North, and Silver Soil (Determine 1). Two RC drills are recently working onsite, with one devoted to checking out early-stage goals at Atlanta North and Silver Soil occasion the alternative rig concentrates on checking out potential host rocks underneath the quartzite cap at Atlanta South. The Corporate is ready on assays for a number of key holes and expects to lend an preliminary drop on Section III drill ends up in the approaching weeks. Drilling at Atlanta North and Silver Soil has advanced sooner than anticipated, occasion drilling at Atlanta South has been slower than anticipated because of demanding situations drilling in the course of the Eureka Quartzite. Because of preliminary findings of the continued drilling, the Corporate is happy to announce an build up of its Section III drill program from 20,000m to 30,000m.
Goal Farmlands
- Atlanta South, previously referred to as the South Quartzite Ridge Goal, begins on the southern finish of the Atlanta useful resource segment at spotlight hollow AT24HG-41 (6.28 g/t Au over 54.9m, released July 23, 2024) and traits southward for two.5km. This immense goal segment coincides with a well-known north-south ridge capped by means of Eureka Quartzite this is underlain by means of Pogonip limestone. Various dikes and sills intervene the Pogonip and Eureka Quartzite alongside the ridge crest, which coincides with the southern extension of the West Atlanta Fault and alternative faults related to gold mineralization throughout the useful resource segment. Geophysical signatures that ended in the invention of AT24HG-41 display alike patterns of a low-resistivity horizon underneath the extremely resistive quartzite. This low resistivity horizon constitutes the Corporate’s number one goal at Atlanta South, the place possible is obvious for mineralization hosted inside intrusions and the condition Pogonip. The Decrease Ordovician Pogonip Formation is an remarkable gold host in Nevada together with at Nevada Gold Mines’ Lengthy Canyon Mine (1.98 Moz Au1 endowment) and at I-80 Gold’s Archimedes and Ruby Hill deposits (mixed 5.39 Moz Au2 endowment) within the Eureka District. Generation operators from Kinross to Goldfields additionally known the opportunity of Au mineralization hosted within the Pogonip at Atlanta however centered their drilling on robust park anomalies west of Atlanta South. Geophysical surveys performed by means of Nevada King divulge the presence of a number of possible intrusive our bodies happening within the Pogonip, however additional east beneath the quartzite cap at Atlanta South.
Drilling at Atlanta South has advanced slower than anticipated to start with because of constraints having access to essentially the most potential boxes atop the ridge, adopted by means of demanding situations drilling in the course of the Eureka Quartzite. Those hurdles were conquer and the Corporate lately finished the primary hollow ever drilled from the crest of Atlanta Height.
- The Silver Soil Goal is an arcuate formed zone that follows the margin between the northern boundary of the Ryan Springs Caldera and the southern boundary of the Atlanta Caldera. It’s centred at the high-grade historical Silver Soil Mine that operated from the overdue 1800s till the flip of the century. Ancient manufacturing figures are unknown; then again, ancient stories atmosphere that petite batches of processed ore had head grades exceeding 2,600 oz./t Ag. The noticeable pit and underground workings happen inside an increased horst oppose of Silurian-age Laketown Dolomite this is flanked to the east and west by means of north-south trending faults. The adjoining, down-dropped grabens flanking the Silver Soil horst display alike geological buildings to the Atlanta useful resource segment. The immense rhyolite intrusive domes show off robust floor geochemical anomalies with increased Au, Ag, and As, at the side of vulnerable Mo and Sb. That is the place various rock chip samples exceeding 1 g/t Au and working as elevated as 4.58 g/t Au happen alongside main buildings with silica breccia outcrops and alteration at floor. Ancient drilling on this segment yielded encouraging effects; then again, it was once restricted to the mine segment itself and didn’t project out into the condition intrusive ruled, down-dropped grabens that experience turn into not hidden with geophysics.
- Atlanta North extends 4.5km northward from the Atlanta useful resource segment alongside the northerly-trending West Atlanta Fault, which controls a lot of the gold mineralization throughout the Atlanta useful resource segment. Potential goals alongside Atlanta North are dolomite hosted and method a well-known ridge instantly north of the Atlanta useful resource. Outcrops of brecciated and silicified dolomite happen alongside the jap flank of this ridge the place floor rock samples returned persistently anomalous gold and arsenic values. This segment has no longer been up to now drill-tested, and Nevada King is recently drilling on the a long way northern finish of the objective zone the place rock chip samples grade as elevated as 0.84 g/t Au in silicified dolomite containing very fine-grained sulfides. Interpretation of geophysical knowledge signifies steeply dipping, northerly trending buildings and possible intrusive plumes related to alteration and anomalous geochemistry obvious in outcrop, thus indicating a geologic environment favorable for mineralization.
QA/QC Protocols
All RC samples from the Atlanta Mission are break on the drill website and positioned in fabric and plastic baggage using a nominal 2kg pattern weight. CRF requirements, blanks, and duplicates are inserted into the pattern current on-site on a one-in-twenty pattern foundation, which means all 3 inserts are incorporated in every 20-sample team. Samples are shipped by means of an area contractor in immense pattern transport crates at once to American Assay Lab in Reno, Nevada, with complete custody being maintained all the time. At American Assay Lab, samples have been weighted upcoming beaten to 75% passing 2mm and pulverized to 85% passing 75 microns to bring to make a 300g pulverized break. Ready samples are to start with run the use of a 4 acid + boric acid digestion procedure and traditional multi-element ICP-OES research. Gold assays are to start with run the use of 30-gram samples by means of top fireplace assay with an OES end to a zero.003 ppm detection restrict, with samples more than 10 ppm completed gravimetrically. Each and every pattern may be run via a cyanide leach for gold with an ICP-OES end. The QA/QC process comes to ordinary submission of Qualified Analytical Requirements and property-specific duplicates.
Certified Particular person
The clinical and technical knowledge on this information drop has been reviewed and authorized by means of Calvin R. Herron, P.Geo., who’s a Certified Particular person as outlined by means of Nationwide Tool 43-101 (“NI 43-101“).
1Sourced from Nevada Section of Minerals (NDOM) web page and I-80 Gold’s 2021 NI 43-101 document. 1,516,507 Moz Au manufacturing + 3,874,000 Moz Au indicated = 5,390,507 Moz Au endowment. |
2Sourced from Nevada Section of Minerals (NDOM) web page and Berrick’s 2023 This autumn effects discharged February 14th, 2024. 1,168,694 Moz Au manufacturing + 820,000 oz. M&I = 1,988,694 Moz Au endowment. |
About Nevada King Gold Corp.
Nevada King is curious about advancing and rising its 100% owned, era generating, 120km2 Atlanta Gold Mine challenge positioned alongside the Combat Mountain development in southeast Nevada. The challenge hosts an NI 43-101 compliant pit-constrained oxide useful resource of 460,000 oz. Au within the deliberate and indicated division (11.0M tonnes at 1.3 g/t) plus an inferred useful resource of 142,000 oz. Au (5.3M tonnes at 0.83 g/t) in response to ancient drilling, and does no longer come with any of the 100,000m+ of drilling finished by means of Nevada King. See the NI 43-101 Technical Record on Sources titled “Atlanta Property, Lincoln County, NV” with an efficient day of October 6, 2020, and a document day of December 22, 2020, as ready by means of Gustavson Buddies and filed beneath the Corporate’s profile on SEDAR+ (www.sedarplus.ca).
NI 43-101 Mineral Sources on the Atlanta Mine |
|||||
Useful resource Division |
Tonnes (000s) |
Au Grade (ppm) |
Contained Au (Oz.) |
Ag Grade (ppm) |
Contained Ag (Oz.) |
Deliberate |
4,130 |
1.51 |
200,000 |
14.0 |
1,860,000 |
Indicated |
6,910 |
1.17 |
260,000 |
10.6 |
2,360,000 |
Deliberate + Indicated |
11,000 |
1.30 |
460,000 |
11.9 |
4,220,000 |
Inferred |
5,310 |
0.83 |
142,000 |
7.3 |
1,240,000 |
The following the Corporate’s web page at www.nevadaking.ca.
Neither the TSX Mission Alternate nor its Law Products and services Supplier (as that time period is outlined within the insurance policies of the TSX Mission Alternate) accepts accountability for the adequacy or accuracy of this drop.
Cautionary Statements Relating to Ahead Taking a look Knowledge
This information drop accommodates sure “forward-looking information” and “forward-looking statements” (jointly “forward-looking statements”) throughout the which means of appropriate securities regulation. All statements, alternative than statements of ancient reality, incorporated herein, with out limitation, statements when it comes to the day operations and actions of Nevada King, are forward-looking statements. Ahead-looking statements are often, however no longer all the time, recognized by means of phrases similar to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and alike expressions, or statements that occasions, statuses, or effects “will”, “may”, “could”, or “should” happen or be completed. Ahead-looking statements on this information drop relate to, amongst alternative issues, the Corporate’s exploration plans and the Corporate’s skill to probably extend mineral assets and the have an effect on thereon. There will also be disagree oath that such statements will turn out to be correct, and unedited effects and day occasions may just fluctuate materially from the ones expected in such statements. Ahead-looking statements replicate ideals, critiques and projections at the day the statements are made and are based totally upon a lot of suppositions and estimates that, occasion regarded as affordable by means of Nevada King, are inherently matter to vital industry, financial, aggressive, political and social uncertainties and contingencies. Many components, each recognized and unknown, may just reason unedited effects, efficiency or achievements to be materially other from the effects, efficiency or achievements which can be or is also expressed or implied by means of such forward-looking statements and the events have made suppositions and estimates in response to or homogeneous to many of those components. Such components come with, with out limitation, the facility to finish proposed exploration paintings, the result of exploration, endured availability of capital, and adjustments usually financial, marketplace and industry statuses. Readers must no longer park undue reliance at the forward-looking statements and data contained on this information drop relating to this stuff. Nevada King does no longer think any legal responsibility to replace the forward-looking statements of ideals, critiques, projections, or alternative components, must they alter, with the exception of as required by means of appropriate securities rules.
SOURCE Nevada King Gold Corp.