#Canada #Vancouver #Nevada King #Atlanta Mine #drilling program

Nevada King Gold Corp. Update on Phase III Drilling Program

Introduction

Nevada King Gold Corp. has recently announced an update on its Phase III regional drilling program at the Atlanta Gold Mine Project, covering an impressive 12,000 hectares within the mining-rich Battle Mountain Trend, located 264 kilometers northeast of Las Vegas, Nevada. This initiative reflects the company's commitment to exploring and expanding its mineral resources in the area.

Drilling Progress and Goals

The Phase III drilling program commenced on November 19, 2024, aiming for a total of 20,000 meters of drilling. As of now, the company has successfully completed 26 reverse circulation (RC) drill holes, amounting to 6,600 meters. Following a brief holiday pause, the drilling operations have resumed with two active drill rigs.

A key objective of this phase is to extend mineralization southward from the Atlanta resource zone into a promising area known as the South Quartzite Ridge Target (SQRT) and to identify new satellite deposits that could potentially exist throughout the district. The drilling is concentrated on areas highlighted by geophysical anomalies that align with major structural features throughout the Atlanta property.

The SQRT, which is situated 2.5 kilometers south of the resource zone and spans approximately 500 meters, represents a significant target area that could hold valuable mineralization. The expectations are to determine whether such zones are present and to clarify their extent through detailed drilling, focusing on where mineralizing fluids may have been trapped beneath the durable quartzite.

Permit Modifications and Expanded Access

In December 2024, Nevada King submitted a modification to its existing Plan of Operations to the Bureau of Land Management (BLM), allowing for 47 additional drill sites and 1.9 kilometers of new access roads throughout the Atlanta district. These added drill pads would facilitate further exploration of key geological features, specifically the ridge of the SQRT and additional targets like Outlaw, Mustang, Silver Park, and Rangefront.

Notably, 13 drill pads are proposed within an area that has yet to experience any drilling but is thought to be rich with potential gold deposits. Surface samples from this location have revealed promising gold values, indicating a potential connection to the West Atlanta Fault, a main fault known for its gold mineralization. Additionally, geophysical data suggests the existence of deeper intrusive activities below the surface.

Current Drilling Targets and Methodology

Cal Herron, Exploration Manager at Nevada King, noted that the initial reconnaissance holes have been drilled in a program that targets wide-spaced anomalies near the Atlanta Resource Zone. The current drilling activities are positioned along the eastern and southern fracture systems of the Atlanta Caldera, utilizing gravity and drone magnetic data for precise targeting. This comprehensive approach aims to identify structural traps that could indicate the presence of hydrothermal fluids, similar to the patterns observed within the Atlanta resource zone.

The wider scope of the drilling program seeks to explore these diverse geological environments, searching for strong hydrothermal systems capable of generating additional mineral deposits, thereby expanding the growth potential of the company.

Conclusion

The ongoing drilling program signifies Nevada King Gold Corp.'s synergy of strategic operations in the mining sector. With the current results and further explorations on the horizon, the Atlanta Mine Project may play a crucial role in the company's pursuit of mineral resource development and production within Nevada, bringing considerable economic potential to the region. The development of its ambitious Phase III drill program is a positive indicator of the company's intent to position itself favorably in the competitive landscape of gold mining.