VANCOUVER, BC, Oct. 23,
2024 /CNW/ - Nevada King Gold Corp.
(TSXV: NKG) (OTC: NKGFF) ("Nevada
King" or the "Company") is pleased to announce
assay results for two vertical diamond drill holes and eight
reverse circulation ("RC") holes completed in the northern
portion of the West Atlanta Graben Zone ("WAGZ") at its
Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle
Mountain Trend. Today's holes are plotted on plan and section
in Figures 1-3 below.
Highlights:
|
Hole
No.
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
|
AT23WS-44C*+
|
218.0
|
324.7
|
106.7
|
3.95
|
58.7
|
|
Includes
|
267.1
|
305.5
|
38.4
|
9.39
|
17.8
|
|
AT23WS-52*
|
213.4
|
336.9
|
123.5
|
2.29
|
23.0
|
|
Includes
|
272.9
|
307.9
|
35.1
|
5.24
|
66.3
|
|
AT23WS-46*
|
301.8
|
332.4
|
30.6
|
3.01
|
18.5
|
|
Includes
|
304.9
|
311.0
|
6.1
|
9.55
|
23.9
|
|
Table 1.
Highlight holes released today. AT23WS-44C and AT23WS-52 are
interpreted to have intersected a sub vertical feeder zone cutting
through a flat-lying horizon of mineralization that generally dips
westward while AT23WS-46 simply penetrated the mineralized
sub-horizontal unconformity. True mineralized
thickness in vertical holes is estimated between 85% and 95% of
reported drill intercept length thickness. *Denotes holes that bottomed in
mineralization. +Denotes core
hole.
|
- Vertical core hole AT23WS-44C intercepted 3.95 g/t Au
over 106.7m including 9.39 g/t Au
over 38.4m and was drilled
approximately 10 metres west of vertical RC hole AT23WS-44 which
intercepted 11.64 g/t Au over 108.3m (released October 2, 2023). AT23WS-44C was designed to
provide metallurgical material for the Phase II metallurgy test
program.
- Overall mineralized thickness and the distribution of
high-grade horizons in AT23WS-44C and AT23WS-44 demonstrate good
lateral correlation, with gold being preferentially deposited
within a 70m to 100m thick horizon largely consisting of a
rhyolitic intrusion and surrounding silica breccia developed
in sub-horizontal, receptive carbonate-rich beds. The higher
overall grade seen in previously released AT23WS-44 relative to
today's WS-44C is most likely due its closer proximity to the
feeder structure (North Fault).
- As shown in Figure 3, gold mineralization is contiguous
across a 100m wide zone from
AT23WS-21 on the west to AT23WS-49 on the east and is generally
centred on the unconformity separating the brecciated and
silicified Paleozoic carbonate basement from overlying Tertiary
intrusions and volcanics. As seen throughout the resource zone,
gold grade distribution is strongly influenced by high-angle feeder
structures (like the North Fault) that cut the unconformity, with
higher grades occurring proximal to these structures, and grades
decreasing laterally away from them. This is better illustrated in
Figure 4 where the highest grades are tightly confined to the North
Fault and adjacent West Atlanta Fault #1 and decrease laterally to
the west and east.
- Hole AT23WS-52 intersected 2.29 g/t Au over
123.5m including 5.24 g/t Au over
35.1m on the north side of the
North Fault, where intercept grades tend to be lower compared to
intercepts south of the North Fault in this part of the WAGZ.
Cal Herron, Exploration Manager of Nevada King, stated, "Holes reported today
complete sections 22-15N(3) and 22-14N(2) for the Phase II drilling
program. Drilling in the northern portion of the WAGZ has resulted
in a large mineralized area measuring 250m E-W by 170m
N-S hosting thick packages of consistent oxide mineralization.
Grades are strongest within the graben bounded by the West Atlanta
Fault on the east side and remain open to the west awaiting further
deep drilling in Phase III following the discovery of AT24WS-83 and
AT24WS-84 (see October 21,
2024 release). All mineralization intersected in this
area is heavily oxidized and many of the holes drilled often have
intervals exceeding 10g/t. Nevada
King completed 39 holes from Phase I and Phase II drilling
along both sections 14 and 15, thereby increasing the drilling by
84% from historical drill data (six drill holes) and developing a
strong footprint of consistent, thick mineralization. The close
connection we have consistently observed between high-grade
mineralization and rhyolitic intrusions, as shown in Figure 4,
exemplifies one such model that will soon be pursued in previously
untested target areas located 0.5km to 4km outside of the current
resource zone -- in all directions."
|
Hole
No.
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Au
(g/t)
|
Hole
No.
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Au
(g/t)
|
|
AT23WS-44
|
213.4
|
214.9
|
1.5
|
0.05
|
AT23WS-44C
|
214.0
|
215.5
|
1.5
|
0.04
|
|
AT23WS-44
|
214.9
|
216.4
|
1.5
|
1.47
|
AT23WS-44C
|
215.5
|
217.9
|
2.4
|
0.04
|
|
AT23WS-44
|
216.4
|
217.9
|
1.5
|
1.51
|
AT23WS-44C
|
217.9
|
218.5
|
0.6
|
0.44
|
|
AT23WS-44
|
217.9
|
219.5
|
1.5
|
2.72
|
AT23WS-44C
|
218.5
|
219.8
|
1.2
|
0.44
|
|
AT23WS-44
|
219.5
|
221.0
|
1.5
|
1.70
|
AT23WS-44C
|
219.8
|
222.0
|
2.3
|
1.14
|
|
AT23WS-44
|
221.0
|
222.5
|
1.5
|
0.85
|
AT23WS-44C
|
222.0
|
223.1
|
1.1
|
0.24
|
|
AT23WS-44
|
222.5
|
224.0
|
1.5
|
0.40
|
AT23WS-44C
|
223.1
|
224.6
|
1.5
|
0.17
|
|
AT23WS-44
|
224.0
|
225.6
|
1.5
|
0.26
|
AT23WS-44C
|
224.6
|
225.9
|
1.2
|
0.14
|
|
AT23WS-44
|
225.6
|
227.1
|
1.5
|
0.27
|
AT23WS-44C
|
225.9
|
227.7
|
1.8
|
0.07
|
|
AT23WS-44
|
227.1
|
228.6
|
1.5
|
0.72
|
AT23WS-44C
|
227.7
|
229.2
|
1.5
|
0.20
|
|
AT23WS-44
|
228.6
|
230.1
|
1.5
|
0.76
|
AT23WS-44C
|
229.2
|
231.0
|
1.8
|
0.37
|
|
AT23WS-44
|
230.1
|
231.7
|
1.5
|
0.33
|
AT23WS-44C
|
231.0
|
232.0
|
0.9
|
0.71
|
|
AT23WS-44
|
231.7
|
233.2
|
1.5
|
0.24
|
AT23WS-44C
|
232.0
|
232.7
|
0.8
|
1.34
|
|
AT23WS-44
|
233.2
|
234.7
|
1.5
|
0.39
|
AT23WS-44C
|
232.7
|
234.5
|
1.8
|
0.79
|
|
AT23WS-44
|
234.7
|
236.2
|
1.5
|
0.22
|
AT23WS-44C
|
234.5
|
235.9
|
1.4
|
0.48
|
|
AT23WS-44
|
236.2
|
237.7
|
1.5
|
0.24
|
AT23WS-44C
|
235.9
|
237.4
|
1.5
|
0.39
|
|
AT23WS-44
|
237.7
|
239.3
|
1.5
|
0.51
|
AT23WS-44C
|
237.4
|
239.0
|
1.5
|
0.36
|
|
AT23WS-44
|
239.3
|
240.8
|
1.5
|
1.26
|
AT23WS-44C
|
239.0
|
240.5
|
1.5
|
0.32
|
|
AT23WS-44
|
240.8
|
242.3
|
1.5
|
1.83
|
AT23WS-44C
|
240.5
|
242.3
|
1.8
|
0.61
|
|
AT23WS-44
|
242.3
|
243.8
|
1.5
|
3.41
|
AT23WS-44C
|
242.3
|
243.7
|
1.4
|
1.70
|
|
AT23WS-44
|
243.8
|
245.4
|
1.5
|
5.85
|
AT23WS-44C
|
243.7
|
245.1
|
1.4
|
0.91
|
|
AT23WS-44
|
245.4
|
246.9
|
1.5
|
3.84
|
AT23WS-44C
|
245.1
|
246.6
|
1.5
|
2.82
|
|
AT23WS-44
|
246.9
|
248.4
|
1.5
|
3.57
|
AT23WS-44C
|
246.6
|
247.8
|
1.2
|
2.58
|
|
AT23WS-44
|
248.4
|
249.9
|
1.5
|
1.82
|
AT23WS-44C
|
247.8
|
249.0
|
1.2
|
NS
|
|
AT23WS-44
|
249.9
|
251.5
|
1.5
|
2.15
|
AT23WS-44C
|
249.0
|
250.7
|
1.7
|
1.37
|
|
AT23WS-44
|
251.5
|
253.0
|
1.5
|
6.68
|
AT23WS-44C
|
250.7
|
252.5
|
1.8
|
0.25
|
|
AT23WS-44
|
253.0
|
254.5
|
1.5
|
9.88
|
AT23WS-44C
|
252.5
|
253.6
|
1.1
|
0.19
|
|
AT23WS-44
|
254.5
|
256.0
|
1.5
|
5.72
|
AT23WS-44C
|
253.6
|
255.7
|
2.1
|
0.03
|
|
AT23WS-44
|
256.0
|
257.6
|
1.5
|
3.23
|
AT23WS-44C
|
255.7
|
257.1
|
1.4
|
0.02
|
|
AT23WS-44
|
257.6
|
259.1
|
1.5
|
0.35
|
AT23WS-44C
|
257.1
|
258.5
|
1.4
|
0.09
|
|
AT23WS-44
|
259.1
|
260.6
|
1.5
|
0.09
|
AT23WS-44C
|
258.5
|
260.8
|
2.3
|
0.06
|
|
AT23WS-44
|
260.6
|
262.1
|
1.5
|
0.13
|
AT23WS-44C
|
260.8
|
262.4
|
1.7
|
0.09
|
|
AT23WS-44
|
262.1
|
263.7
|
1.5
|
0.15
|
AT23WS-44C
|
262.4
|
264.0
|
1.5
|
0.07
|
|
AT23WS-44
|
263.7
|
265.2
|
1.5
|
0.31
|
AT23WS-44C
|
264.0
|
265.5
|
1.5
|
0.23
|
|
AT23WS-44
|
265.2
|
266.7
|
1.5
|
0.54
|
AT23WS-44C
|
265.5
|
267.0
|
1.5
|
0.46
|
|
AT23WS-44
|
266.7
|
268.2
|
1.5
|
0.81
|
AT23WS-44C
|
267.0
|
268.7
|
1.7
|
11.87
|
|
AT23WS-44
|
268.2
|
269.8
|
1.5
|
0.98
|
AT23WS-44C
|
268.7
|
270.1
|
1.4
|
5.93
|
|
AT23WS-44
|
269.8
|
271.3
|
1.5
|
1.35
|
AT23WS-44C
|
270.1
|
271.6
|
1.5
|
1.66
|
|
AT23WS-44
|
271.3
|
272.8
|
1.5
|
1.54
|
AT23WS-44C
|
271.6
|
273.1
|
1.5
|
0.61
|
|
AT23WS-44
|
272.8
|
274.3
|
1.5
|
8.96
|
AT23WS-44C
|
273.1
|
274.6
|
1.5
|
15.0
|
|
AT23WS-44
|
274.3
|
275.8
|
1.5
|
26.33
|
AT23WS-44C
|
274.6
|
275.2
|
0.6
|
0.66
|
|
AT23WS-44
|
275.8
|
277.4
|
1.5
|
22.53
|
AT23WS-44C
|
275.2
|
276.2
|
0.9
|
1.07
|
|
AT23WS-44
|
277.4
|
278.9
|
1.5
|
17.00
|
AT23WS-44C
|
276.2
|
278.0
|
1.8
|
0.64
|
|
AT23WS-44
|
278.9
|
280.4
|
1.5
|
30.20
|
AT23WS-44C
|
278.0
|
279.5
|
1.5
|
31.60
|
|
AT23WS-44
|
280.4
|
281.9
|
1.5
|
57.20
|
AT23WS-44C
|
279.5
|
281.0
|
1.5
|
15.47
|
|
AT23WS-44
|
281.9
|
283.5
|
1.5
|
34.53
|
AT23WS-44C
|
281.0
|
282.6
|
1.5
|
1.01
|
|
AT23WS-44
|
283.5
|
285.0
|
1.5
|
169.80
|
AT23WS-44C
|
282.6
|
284.1
|
1.5
|
8.67
|
|
AT23WS-44
|
285.0
|
286.5
|
1.5
|
155.40
|
AT23WS-44C
|
284.1
|
285.6
|
1.5
|
5.42
|
|
AT23WS-44
|
286.5
|
288.0
|
1.5
|
48.07
|
AT23WS-44C
|
285.6
|
287.1
|
1.5
|
27.4
|
|
AT23WS-44
|
288.0
|
289.6
|
1.5
|
13.40
|
AT23WS-44C
|
287.1
|
288.6
|
1.5
|
3.89
|
|
AT23WS-44
|
289.6
|
291.1
|
1.5
|
14.00
|
AT23WS-44C
|
288.6
|
290.2
|
1.5
|
2.54
|
|
AT23WS-44
|
291.1
|
292.6
|
1.5
|
6.68
|
AT23WS-44C
|
290.2
|
291.7
|
1.5
|
2.83
|
|
AT23WS-44
|
292.6
|
294.1
|
1.5
|
12.13
|
AT23WS-44C
|
291.7
|
293.2
|
1.5
|
6.21
|
|
AT23WS-44
|
294.1
|
295.7
|
1.5
|
18.20
|
AT23WS-44C
|
293.2
|
295.0
|
1.8
|
5.47
|
|
AT23WS-44
|
295.7
|
297.2
|
1.5
|
13.80
|
AT23WS-44C
|
295.0
|
296.9
|
1.8
|
12.47
|
|
AT23WS-44
|
297.2
|
298.7
|
1.5
|
11.33
|
AT23WS-44C
|
296.9
|
298.9
|
2.0
|
5.83
|
|
AT23WS-44
|
298.7
|
300.2
|
1.5
|
13.40
|
AT23WS-44C
|
298.9
|
299.9
|
1.1
|
7.67
|
|
AT23WS-44
|
300.2
|
301.8
|
1.5
|
20.00
|
AT23WS-44C
|
299.9
|
301.8
|
1.8
|
34.20
|
|
AT23WS-44
|
301.8
|
303.3
|
1.5
|
25.73
|
AT23WS-44C
|
301.8
|
302.8
|
1.1
|
10.53
|
|
AT23WS-44
|
303.3
|
304.8
|
1.5
|
8.11
|
AT23WS-44C
|
302.8
|
305.4
|
2.6
|
6.66
|
|
AT23WS-44
|
304.8
|
306.3
|
1.5
|
7.41
|
AT23WS-44C
|
305.4
|
305.9
|
0.5
|
NS
|
|
AT23WS-44
|
306.3
|
307.9
|
1.5
|
2.38
|
AT23WS-44C
|
305.9
|
307.5
|
1.7
|
1.28
|
|
AT23WS-44
|
307.9
|
309.4
|
1.5
|
1.79
|
AT23WS-44C
|
307.5
|
309.4
|
1.8
|
1.11
|
|
AT23WS-44
|
309.4
|
310.9
|
1.5
|
1.67
|
AT23WS-44C
|
309.4
|
310.9
|
1.5
|
1.58
|
|
AT23WS-44
|
310.9
|
312.4
|
1.5
|
0.88
|
AT23WS-44C
|
310.9
|
311.5
|
0.6
|
1.07
|
|
AT23WS-44
|
312.4
|
313.9
|
1.5
|
1.29
|
AT23WS-44C
|
311.5
|
313.0
|
1.5
|
2.12
|
|
AT23WS-44
|
313.9
|
315.5
|
1.5
|
1.22
|
AT23WS-44C
|
313.0
|
314.7
|
1.7
|
2.40
|
|
AT23WS-44
|
315.5
|
317.0
|
1.5
|
6.38
|
AT23WS-44C
|
314.7
|
315.9
|
1.2
|
2.00
|
|
AT23WS-44
|
317.0
|
318.5
|
1.5
|
6.81
|
AT23WS-44C
|
315.9
|
317.6
|
1.7
|
1.08
|
|
AT23WS-44
|
318.5
|
320.0
|
1.5
|
2.01
|
AT23WS-44C
|
317.6
|
319.1
|
1.5
|
0.27
|
|
AT23WS-44
|
320.0
|
321.6
|
1.5
|
2.09
|
AT23WS-44C
|
319.1
|
320.3
|
1.2
|
0.58
|
|
AT23WS-44
|
321.6
|
323.1
|
1.5
|
1.39
|
AT23WS-44C
|
320.3
|
321.6
|
1.2
|
0.74
|
|
AT23WS-44
|
323.1
|
324.6
|
1.5
|
0.20
|
AT23WS-44C
|
321.6
|
323.1
|
1.5
|
0.27
|
|
AT23WS-44
|
324.6
|
326.1
|
1.5
|
0.29
|
AT23WS-44C
|
323.1
|
324.6
|
1.5
|
3.80
|
|
Table 2. Comparative assay table for results from
AT23WS-44C and AT23WS-44 demonstrating a similar thick sequence of
mineralization between both holes as well as similar elevations for
high-grade Au mineralization. "NS" denotes intervals with no
sample recovered.
|
|
Hole
No.
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Section
Line
|
|
AT23WS-44C*+
|
218.0
|
324.7
|
106.7
|
3.95
|
58.7
|
15N(3)
|
|
Includes
|
267.1
|
305.5
|
38.4
|
9.39
|
17.8
|
15N(3)
|
|
AT23WS-052*
|
213.4
|
336.9
|
123.5
|
2.29
|
23.0
|
15N(3)
|
|
Includes
|
272.9
|
307.9
|
35.1
|
5.24
|
66.3
|
15N(3)
|
|
AT23WS-046*
|
301.8
|
332.36
|
30.5
|
3.01
|
18.5
|
15N(3)
|
|
Includes
|
304.9
|
311.0
|
6.1
|
9.55
|
23.9
|
15N(3)
|
|
AT23WS-49*
|
164.6
|
292.7
|
128.1
|
0.39
|
4.7
|
15N(3)
|
|
AT23WS-55*
|
199.7
|
347.6
|
147.9
|
0.62
|
5.3
|
15N(3)
|
|
AT23WS-75*
|
198.2
|
306.4
|
108.2
|
0.62
|
7.6
|
15N(3)
|
|
AT22WS-5T*
|
201.2
|
222.9
|
21.6
|
0.82
|
6.9
|
15N(3)
|
|
AT23WS-56*
|
196.6
|
291.2
|
94.5
|
1.55
|
27.7
|
14N(2)
|
|
AT23NS-123
|
161.6
|
196.6
|
35.1
|
0.52
|
12.9
|
14N(2)
|
|
AT23WS-40*
|
332.3
|
359.8
|
27.4
|
0.72
|
8.3
|
14N(2)
|
|
Table 3. All
newly reported holes on sections 22-15N(3) and 14N(2). This hole is
interpreted to have intersected a sub vertical feeder zone cutting
through a flat-lying horizon of mineralization that generally dips
westward; true mineralized thickness in vertical
holes is estimated between 85% and 95% of reported drill intercept
length thickness, see detailed interpretation section and
accompanying discussion below. * Denotes holes that bottomed in
mineralization. + Denotes core hole.
|
|
Hole
No.
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Section
Line
|
|
AT24WS-83
|
387.1
|
429.8
|
42.7
|
4.67
|
25.3
|
15N(3)
|
|
Includes
|
408.4
|
426.7
|
18.3
|
7.94
|
18.3
|
15N(3)
|
|
AT24WS-84*
|
448.0
|
458.7
|
10.7
|
3.92
|
14.03
|
15N(3)
|
|
AT23WS-44
|
214.9
|
323.2
|
108.2
|
11.65
|
17.4
|
15N(3)
|
|
Includes
|
274.4
|
303.4
|
29.0
|
37.18
|
34.4
|
15N(3)
|
|
Includes
|
283.5
|
286.6
|
3.0
|
162.6
|
15.6
|
15N(3)
|
|
AT23WS-25A*
|
318.6
|
343.0
|
24.4
|
1.19
|
11.7
|
15N(3)
|
|
AT23WS-41
|
335.4
|
358.2
|
22.9
|
0.29
|
15.1
|
15N(3)
|
|
AT23WS-22
|
288.0
|
330.8
|
42.8
|
5.64
|
6.7
|
15N(3)
|
|
Includes
|
292.7
|
300.3
|
7.6
|
28.5
|
10.7
|
15N(3)
|
|
AT23WS-21
|
280.5
|
343.0
|
62.5
|
0.31
|
3.3
|
15N(3)
|
|
AT22WS-4
|
279.0
|
346.0
|
67.0
|
2.07
|
12.1
|
15N(3)
|
|
Includes
|
317.1
|
333.8
|
16.7
|
3.63
|
12.6
|
15N(3)
|
|
AT23WS-20
|
275.9
|
337.0
|
61.1
|
3.04
|
21.4
|
15N(3)
|
|
Includes
|
286.6
|
291.2
|
4.6
|
15.84
|
19.8
|
15N(3)
|
|
AT23WS-5C
|
207.3
|
320.0
|
112.7
|
1.08
|
14.8
|
15N(3)
|
|
AT23NS-104
|
198.2
|
244.0
|
45.8
|
0.35
|
5.0
|
15N(3)
|
|
AT23NS-103
|
192.1
|
202.7
|
10.6
|
0.37
|
3.4
|
15N(3)
|
|
AT23NS-102
|
129.5
|
141.8
|
12.3
|
0.41
|
23.4
|
15N(3)
|
|
And
|
166.2
|
190.5
|
24.3
|
0.40
|
5.2
|
15N(3)
|
|
AT23NS-101
|
71.6
|
111.3
|
39.7
|
0.17
|
19.1
|
15N(3)
|
|
AT23NS-105
|
282.0
|
343.0
|
61.0
|
1.09
|
5.7
|
14N(2)
|
|
Includes
|
294.2
|
295.7
|
1.5
|
10.92
|
9.5
|
14N(2)
|
|
AT23WS-34*
|
205.8
|
320.1
|
114.3
|
1.74
|
13.8
|
14N(2)
|
|
AT22WS-6*
|
202.7
|
314.0
|
111.3
|
0.56
|
8.3
|
14N(2)
|
|
AT22WS-7
|
211.9
|
306.4
|
94.5
|
0.59
|
10.1
|
14N(2)
|
|
AT22WS-11*
|
193.6
|
283.5
|
89.9
|
1.05
|
19.1
|
14N(2)
|
|
AT22WS-10A
|
199.7
|
228.7
|
29.0
|
0.69
|
15.1
|
14N(2)
|
|
AT22NS-30
|
0.0
|
140.2
|
140.2
|
<0.07
|
<0.5
|
14N(2)
|
|
AT22NS-31
|
62.5
|
71.6
|
9.1
|
0.41
|
21.6
|
14N(2)
|
|
AT22RC-20^
|
109.8
|
128.0
|
18.3
|
0.54
|
12.4
|
14N(2)
|
|
AT22RC-21^
|
9.1
|
13.7
|
4.6
|
0.25
|
1.00
|
14N(2)
|
|
AT22RC-15^
|
54.9
|
97.6
|
42.7
|
0.25
|
20.7
|
14N(2)
|
|
AT21-15
|
24.4
|
53.4
|
22.9
|
0.44
|
32.3
|
14N(2)
|
|
AT21-18
|
0.0
|
3.0
|
3
|
0.15
|
18.1
|
14N(2)
|
|
AT21-18B^
|
0.0
|
4.6
|
4.6
|
0.13
|
22.9
|
14N(2)
|
|
AT21-19
|
16.8
|
19.8
|
3
|
0.14
|
5.1
|
14N(2)
|
|
Table 4. Previously released holes on Sections
22-15N(3) and 22-14N(2). AT series holes all drilled by Nevada King
from 2021 to 2023. Mineralization occurs along sub-horizontal
horizons generally dipping gently westward; true mineralized
thickness in vertical holes is estimated between 85% and 95% of
reported drill intercept length. * Denotes holes that bottomed in
mineralization. ^ Denotes angled holes.
|
|
Hole
No.
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
|
DHRI-11-NRC4
|
317.1
|
353.7
|
36.6
|
1.71
|
6.8
|
|
KR98-21*^
|
242.4
|
262.2
|
19.8
|
1.19
|
1.6
|
|
DHRI-11-7C*
|
202.7
|
293.0
|
90.2
|
0.97
|
25.4
|
|
DHRI-12-MRC4*
|
272.9
|
295.7
|
22.9
|
3.27
|
3.6
|
|
DHRI-15-LRC1
|
208.8
|
311.0
|
102.1
|
1.66
|
8.9
|
|
DHRI-15-LRC2
|
275.9
|
309.5
|
33.5
|
0.28
|
<0.5
|
|
Table
5: Historical holes used in Section 22-15N(3) and
22-14N(2). KR98 series hole was drilled by Kinross in 1998. DHRI
series hole was drilled by Meadow Bay in 2011, 2012, and 2015.
Mineralization occurs along flat-lying horizons generally dipping
gently westward; true mineralized thickness in vertical holes is
estimated to be between 85% and 95% of reported drill intercept
length. * Denotes holes that bottomed in mineralization. ^ Denotes
angled holes.
|
QA/QC Protocols
All RC samples from the Atlanta Project are taken at
1.5m intervals, split at the drill
site and placed in cloth and plastic bags utilizing a nominal 2kg
sample weight. Certified Reference Material (CRM) standards,
blanks, and blind duplicates are inserted into the sample stream
on-site on a one-in-twenty sample basis, meaning all three control
inserts are included in each 20-sample group. Samples are shipped
by a local contractor in large sample shipping crates directly to
American Assay Lab in Reno,
Nevada, with full custody being maintained at all times. At
American Assay Lab, samples were weighed then crushed to 75%
passing 2mm and pulverized to 85% passing 75 microns in order to
produce a 300g pulverized split. Prepared samples are initially run
using a four acid + boric acid digestion process and conventional
multi-element ICP-OES analysis. Gold assays are initially run using
30-gram samples by lead fire assay with an OES finish to a 0.003
ppm detection limit, with samples greater than 10 ppm finished
gravimetrically. Silver samples that run greater than 100ppm are
also finished gravimetrically. Every sample is also run though
cyanide leach for gold with an ICP-OES finish. The QA/QC procedure
involves regular submission of Certified Analytical Standards and
property-specific duplicates.
Qualified Person
The scientific and technical information in this news release
has been reviewed and approved by Calvin R.
Herron, P.Geo., who is a Qualified Person as defined by
National Instrument 43-101 ("NI 43-101").
About Nevada King Gold Corp.
The Atlanta Mine is a historical gold-silver producer with a NI
43-101 compliant pit-constrained resource of 460,000 oz Au in the
measured and indicated category (11.0M tonnes at 1.3 g/t) plus an inferred
resource of 142,000 oz Au (5.3M
tonnes at 0.83 g/t). See the NI 43-101 Technical Report on
Resources titled "Atlanta Property, Lincoln County, NV" with an effective date of
October 6, 2020, and a report date of
December 22, 2020, as prepared by
Gustavson Associates and filed under the Company's profile on
SEDAR+ (www.sedarplus.ca).
|
Resource
Category
|
Tonnes
(000s)
|
Au
Grade
(ppm)
|
Contained Au
Oz
|
Ag
Grade
(ppm)
|
Contained Ag
Oz
|
|
Measured
|
4,130
|
1.51
|
200,000
|
14.0
|
1,860,000
|
|
Indicated
|
6,910
|
1.17
|
260,000
|
10.6
|
2,360,000
|
|
Measured +
Indicated
|
11,000
|
1.30
|
460,000
|
11.9
|
4,220,000
|
|
Inferred
|
5,310
|
0.83
|
142,000
|
7.3
|
1,240,000
|
|
Table 6. NI 43-101 Mineral Resources at the Atlanta
Mine
|
Please see the Company's website at www.nevadaking.ca.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statements Regarding Forward Looking
Information
This news release contains certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
securities legislation. All statements, other than statements of
historical fact, included herein, without limitation, statements
relating to the future operations and activities of Nevada King, are forward-looking statements.
Forward-looking statements are frequently, but not always,
identified by words such as "expects", "anticipates", "believes",
"intends", "estimates", "potential", "possible", and similar
expressions, or statements that events, conditions, or results
"will", "may", "could", or "should" occur or be achieved.
Forward-looking statements in this news release relate to, among
other things, the Company's exploration plans and the Company's
ability to potentially expand mineral resources and the impact
thereon. There can be no assurance that such statements will prove
to be accurate, and actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by Nevada King, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation, the ability to
complete proposed exploration work, the results of exploration,
continued availability of capital, and changes in general economic,
market and business conditions. Readers should not place undue
reliance on the forward-looking statements and information
contained in this news release concerning these items. Nevada King does not assume any obligation to
update the forward-looking statements of beliefs, opinions,
projections, or other factors, should they change, except as
required by applicable securities laws.
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SOURCE Nevada King Gold Corp.
