#Canada #Vancouver #Nevada King #Atlanta Gold #Silver Park

Nevada King Gold Corp. Reports New Drill Discoveries at Atlanta Gold Project

In a significant development for investors and stakeholders, Nevada King Gold Corp. (TSXV: NKG, OTCQB: NKGFF) has revealed promising results from its Phase III regional drilling program, carried out at its Atlanta Gold Mine Project located in the Battle Mountain Trend of Nevada.

Overview of the Phase III Program

The company has intensified its exploration efforts by completing 46 reverse-circulation drill holes across its three main regional targets: Silver Park, Atlanta South, and Atlanta North, which are part of its extensive 13,000-hectare property. As of now, drilling operations have covered approximately 23,000 meters out of a planned 30,000 meters, showcasing a robust exploration strategy aimed at uncovering new gold resources.

Key Discoveries

The highlight of this round of drilling came from the Silver Park East target, where hole AT25SP-32 intercepted an extraordinary 0.83 g/t AuEq over 67.1 meters, evidencing rich mineralization that extends the known gold-bearing structure by 750 meters. Notably, this hole is positioned 260 meters east of another successful drill hole that previously yielded 0.47 g/t AuEq over 92 meters.

At the Atlanta South location, the drill hole AT24QR-16 made history by being the first to report significant gold mineralization within the Pogonip Limestone, one of the formation's counties. This hole returned 0.16 g/t Au over 48.7 meters and exhibited high arsenic values, which are crucial in identifying prospective gold-rich areas, further bolstering the possibility of more extensive mineralization in the region.

Meanwhile, at Atlanta North, drilling uncovered 0.28 g/t Au over 36.6 meters within altered basement dolomites, marking the presence of gold in previously unexplored zones north of the known resources. Such discoveries highlight the untapped potential of this gold district.

Implications of the Findings

Cal Herron, Exploration Manager of Nevada King, expressed optimism about these results, emphasizing that the grade and continuity of the mineralization encountered at Silver Park East indicate potential for discovering additional, economically viable deposits similar to the Atlanta Resource Zone (ARZ). The geological similarities between drill holes suggest there could be extensive mineralized systems operating at a district scale, paving the way for future discoveries.

The data collected will not only impact the company's immediate drilling strategy but will also assist in shaping its long-term exploration approach. The findings are expected to attract further investment and could lead to increased interest from other mining entities eager to explore the rich geological terrain of the Atlanta Gold Mine Project.

Future Directions

Looking ahead, Nevada King intends to prioritize continued drilling efforts across these promising regions. Follow-up drilling and exploration plans are already underway to build on the successes of the latest program, particularly at the Silver Park and Atlanta North locations, where results indicate substantial potential for extensive gold deposits. With the company now investigating additional targets within the existing property, stakeholders can expect more news on strategic developments in the coming months as Nevada King works diligently to capitalize on these encouraging discoveries.

In conclusion, Nevada King's recent drilling highlights the promising results emerging from its continued exploration initiatives at the Atlanta Gold Mine Project. With the identification of significant mineralization across key areas, the company is well-positioned within the competitive mining landscape, setting a course for exciting developments ahead in the search for new gold resources.