#Canada #Vancouver #Nevada King Gold #Atlanta Gold Mine #Phase III Drill

Nevada King Gold Corp. Expands Phase III Program

Overview of the Atlanta Gold Project

Nevada King Gold Corp., known by its ticker symbols NKG on TSX Venture and NKGFF on OTCQB, has announced a significant update regarding its exploration efforts at the Atlanta Gold Mine Project. Located along the lucrative Battle Mountain Trend, approximately 264 kilometers northeast of Las Vegas, the mine's Phase III drilling program has been expanded from an initial 20,000 meters to an impressive 30,000 meters, reflecting the promise shown by early drilling results.

The company has completed 88 widely spaced reverse circulation (RC) drill holes, adding up to 21,300 meters, focusing on the margins of the Atlanta caldera across an 18 square kilometer area. Notably, this program primarily targets 12 preliminary locations that were identified based on the geophysical anomalies reported earlier in the 2024 timeline. This proactive drilling has effectively evolved into three primary exploration zones: Atlanta South (including the noteworthy South Quartzite Ridge Target), Atlanta North, and Silver Park.

Current Drilling Operations

Two RC drill rigs are currently hard at work on-site. One is dedicated to exploring early-stage targets at Atlanta North and Silver Park, while the other focuses on assessing the prospective host rocks beneath the quartzite cap at Atlanta South. As the company awaits the assay results for several crucial drill holes, it anticipates an initial announcement of Phase III drill results in the near future. Drilling progress atAtlanta North and Silver Park has been notably swift, while Atlanta South has experienced slower drilling due to complications related to the Eureka Quartzite, though these challenges are being managed effectively.

Target Areas Detailed

1. Atlanta South: Previously known as the South Quartzite Ridge Target, this area commences at the southern end of the Atlanta resource zone and extends for 2.5 kilometers. It features a dominant north-south ridge capped with Eureka Quartzite, underlain by Pogonip limestone. The presence of intrusive bodies within the Pogonip is considered a promising factor for potential gold mineralization, as illustrated by the past recognition of Au mineralization by previous operators. Drilling has gradually progressed as factors such as accessibility challenges have been addressed.

2. Silver Park: This target zone exhibits an unusual arc shape and aligns itself along the boundary of the Ryan Springs and Atlanta Caldera. It sits at the center of the Silver Park Mine, known for high-grade historic production. Though exact figures are undocumented, past reports indicate fetchingly high ore quality. The geology of the Silver Park area is remarkably similar to that of the Atlanta resource area, featuring significant geological structures indicative of favorable mineralization. Numerous rock chip samples show elevated concentrations of gold and silver, suggesting promising exploration potential.

3. Atlanta North: This zone extends 4.5 kilometers northward from the main resource area and is characterized by dolomite hosting. It encompasses a ridge north of the resource area, with outcrops continually yielding promising anomalous values in gold and arsenic. Nevada King is concentrating on this area due to its unexplored potential for mineral discovery, with early drilling already showing positive indicators.

QA/QC Measures

The company ensures all drilled RC samples are meticulously managed according to strict QA/QC protocols. At the drill site, samples split into manageable sizes of approximately 2 kilograms are carefully processed and sent for analysis at American Assay Lab in Reno, Nevada. This process includes a series of standardized tests to ensure the quality and accuracy of assay results, utilizing leading techniques in mineral analysis.

Conclusion

The significant increase in the drilling program underscores Nevada King Gold Corp.'s commitment to advancing the Atlanta Gold Mine project and unlocking its potential for mineral exploration. As the company awaits crucial assay results, the enthusiasm for high-grade mineralization in this area continues to grow, signaling a promising future for both the company and its stakeholders as they delve deeper into the rich geology of the Battle Mountain trend. For further details, one can visit the company's website for comprehensive information on the Atlanta Project and its ongoing developments.