Nevada King Gold Corp Receives Approval for 93 New Drill Sites in Nevada

Nevada King Gold Corp Advances Exploration with New Drill Sites

Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) has recently announced a significant development in its exploration efforts at the Atlanta Gold Mine Project, located in the renowned Battle Mountain Trend of Nevada. The Bureau of Land Management (BLM) and the State of Nevada have granted approval for 93 new drill sites, marking a pivotal step in the company's ongoing Phase III exploration program.

The approval follows previous modifications to the company’s Plan of Operations, with the first modification authorized in October 2024 and the second in February 2025. With an area encompassing 13,000 hectares (or approximately 130 square kilometers), the Atlanta Gold Mine Project is fully owned by Nevada King and boasts a rich resource base.

Overview of the Atlanta Gold Project

The Atlanta Gold Mine is situated 264 kilometers northeast of Las Vegas in a geologically rich area known for gold production. Preliminary evaluations have estimated the site to host an NI 43-101 compliant oxide resource totaling 1,020,000 ounces of gold in the measured and indicated category, alongside an inferred resource of 99,000 ounces of gold. Additionally, the mine has a reported 27.7 million tonnes of measured and indicated mineralization, averaging 1.14 grams per tonne (g/t).

As stated by John Sclodnick, Chief Executive Officer of Nevada King, this milestone is vital as it opens new, highly prospective target areas for exploration. The new drill locations are primarily situated in the advanced target zones of Silver Park and Atlanta South, while several sites remain permitted at Atlanta North. Sclodnick expressed gratitude for the continuous support from both the BLM and the State of Nevada.

Details of the Drilling Program

The recent expansion allows Nevada King to commence drilling and further explore these promising targets. To date, the company has successfully drilled 99 holes, amounting to 23,000 meters out of a planned 30,000 meters for Phase III. The ongoing drilling is expected to yield important insights into the mineralization potential of the project and give rise to possible future developments within the mine.

Anticipated assay results are expected to be released shortly, providing critical information that should shed light on the effectiveness of the current drilling program and the overall viability of the gold deposits present at the site.

Community and Environmental Considerations

Nevada King is committed to conducting its operations in an environmentally sustainable manner. The approval of the additional drill sites came after careful review by the BLM, ensuring compliance with environmental regulations and a commitment to minimizing impact on the surrounding ecosystems. The company's proactive approach to environmental stewardship is expected to garner positive feedback from the community and stakeholders involved.

Looking Ahead

As Nevada King Gold Corp. continues its exploration endeavors, this approval for additional drill sites not only bolsters its operational capacity but also positions the company strategically within the competitive landscape of gold exploration and mining. With ongoing advancements and promising initial results, the company is poised to capitalize on the burgeoning interest in gold as an investment commodity.

For more information about Nevada King Gold Corp. and updates on the Atlanta Gold Mine Project, please visit their official website.

Nevada King remains focused on transparency as they progress with their plans, aiming to keep investors and stakeholders informed regarding developments and the status of the exploration program moving into 2025 and beyond.