#Canada #Vancouver #Nevada King #Atlanta Gold #Phase 4

Nevada King Gold Corp. Launches Phase 4 Exploration Program

Nevada King Gold Corp. has officially announced an exciting new Phase 4 exploration program aimed at enhancing its 100% owned Atlanta Gold Mine Project in eastern Nevada. This initiative marks another important chapter in the company’s pursuit to uncover and expand gold resources in this promising region, following the successful completion of a 30,000-meter Phase 3 drilling program.

Overview of Phase 4 Exploration

The Phase 4 program will encompass a fully funded 20,000 meters of drilling. This effort is strategically designed to expedite the development of the most promising mineral targets identified in the previous phase, particularly focusing on the Silver Park East region. This region shows great potential based on prior drilling results that suggested the presence of oxide mineralization conducive to gold deposits.

Key Highlights of Phase 4

1. Focused Drilling on Silver Park East: A total of 5,000 meters will be allocated to the Silver Park East area, which is expected to refine the existing mineralized footprint and test a significant gap to the southeast for additional resources.
2. Broad Targets with 15,000 Meters: The remaining 15,000 meters will be divided among other promising regions identified during Phase 3, specifically Atlanta South, Atlanta North, and Western Rim. Drill results will determine the allocation of effort to each target.
3. Advanced Drilling Techniques: The company is utilizing two reverse circulation (RC) drills positioned strategically at Silver Park East and Atlanta South, with plans to move to Atlanta North and then Western Rim following initial results.
4. Environmental Compliance: Nevada King is seeking its fifth modification to the Plan of Operations, which will allow increased access to drill the Western Rim area.

According to Nevada King’s CEO John Sclodnick, the successful Phase 3 program revealed significant exploration potential across the company's expansive land package. The discoveries include new mineralized zones that could potentially contribute to expanding the company’s already impressive 1.1 million ounces of identified resources.

Detailed Target Descriptions

Silver Park East

Located approximately 2 km west of the Atlanta Resource Zone, Silver Park East is emerging as a central target. The current geological data supports the idea that mineralization is consistent with the Atlanta Resource Zone, indicating a shared mineral system. Phase 4 drilling aims to explore this area more thoroughly, potentially expanding along newly identified mineralization trends.

Atlanta South

This target, situated about 2 km south of the Atlanta Resource Zone, has shown promising results in previous drilling campaigns. The mineralization here is occurring within Pogonip Limestone and is associated with high arsenic values, hinting towards the potential for significant gold deposits in the area.

Atlanta North

Stretching around 4 km northward from the main resource zone, Atlanta North remains under early exploration. With prior drilling results suggesting gold presence, Phase 4 will aim to bridge gaps between drill holes to identify further oxide mineralization potential.

Western Rim

Characterized by extensive quartz veins rich in gold-silver-arsenic-molybdenum mineralization, Western Rim presents an early-stage opportunity for large-scale resource development. Previous rock chip sampling returned extraordinary grades of up to 20.8 g/t Au, indicating the area’s high potential merits further investigation.

Innovative Approaches in Targeting

Nevada King is keen on leveraging cutting-edge technology to enhance its exploration efforts. The company is integrating various geoscientific data layers with machine learning to yield a ranked pipeline of priority targets. By utilizing data from sources like drone magnetics, geochemistry, and geophysical surveys, Nevada King is positioning itself at the forefront of modern exploration techniques.

Conclusion

Nevada King Gold Corp.’s Phase 4 exploration program not only underscores the company’s commitment to advancing its mining projects but also highlights the potential of the Atlanta Gold Mine Project to yield significant new gold discoveries. As CEO John Sclodnick expressed, this undertaking is an essential step toward achieving resource growth, driven by systematic exploration and advanced targeting methodologies. Stakeholders and investors alike will be keenly watching as the company embarks on this ambitious drilling agenda.