Nevada King Gold Corp. Reports Significant Drill Results at Silver Park, Indicating New Mineralization Potential

Major Discoveries at Silver Park

Nevada King Gold Corp. (TSXV: NKG, OTCQB: NKGFF) has made significant strides in its exploration of the Silver Park site, a prominent area within its 100% owned Atlanta Gold Mine project. Recent drilling activities have unveiled remarkable geological and geochemical connections with the adjacent Atlanta Resource Zone (ARZ). These findings advance the understanding of the area's mineralization potential and raise the prospect of discovering a new deposit similar to the ARZ, which has historically yielded valuable gold and silver resources.

Overview of Drilling Activities

The company's Phase III regional drill program is well underway, comprising 25 reverse circulation (RC) drill holes at Silver Park, located in the Battle Mountain Trend, about 264km northeast of Las Vegas. This extensive area extends approximately 12,000 hectares, showcasing Nevada King's commitment to uncovering the region's mineral wealth. Silver Park, which spans roughly 3km by 1km, is centered on the historical Silver Park Mine, which operated at a small capacity during the early 20th century.

Recent drilling results have revealed a continuous mineralized unconformity in both Silver Park and Atlanta, confirming that these regions share a hydrothermal system responsible for depositing gold and silver in their respective geological features.

Significant Results

One of the standout drill holes from this recent endeavor, AT25SP-21, has shown exceptional results, intersecting 1.11 g/t AuEq over 25 meters. This hole forms part of a broader 165-meter section that yielded an average of 0.47 g/t AuEq across multiple mineralized zones beginning at just 18 meters depth. Such results indicate a significant discovery, being the most promising mineralization encountered outside the ARZ to date.

Consequently, Nevada King has now expanded its perspective on Silver Park, which was previously believed to be contained within a supergene mineralization framework with minimal economic prospects. The current findings suggest a far larger area of untapped resources, raising hopes of another major Atlanta-type deposit within Silver Park.

Future Plans

Following these promising discoveries, Nevada King plans further drilling in both the Silver Park East and West areas to better delineate near-surface oxidized gold-silver zones. This drill-out plan aims to target additional mineralization, particularly expanding northward of the AT25SP-21 site towards a large, untested CSAMT anomaly, which could harbor greater concentrations of valuable minerals.

Alongside ongoing drilling, groundbreaking geophysical interpretations have delineated the Silver Park Lineament (SPL), helping pinpoint potential areas for future exploration. This structural corridor, identified through an analysis incorporating gravity and magnetic data, presents an exciting avenue for uncovering concentrated mineral deposits.

Conclusion

Cal Herron, Exploration Manager of Nevada King, expressed optimism regarding these discoveries, emphasizing that Silver Park has transitioned from a previously misunderstood geological environment to a promising exploration target. The robust geological and geochemical link between Silver Park and ARZ provides a powerful model for future exploration, underscoring the potential for significant new discoveries in this productive mineral-rich region. With comprehensive drilling efforts on the horizon, Nevada King is poised to unlock further opportunities within the Atlanta Gold Mine project, reaffirming its status as a growing player in the mining sector.