Nevada King Gold Corp. Unveils 2024 Accomplishments and 2025 Drill Plans for Atlanta Project

Nevada King Gold Corp. (TSXV: NKG) has proudly reviewed its key achievements in 2024 at the Atlanta Gold Mine Project, an asset the company wholly owns. The Atlanta Project, spanning approximately 12,000 hectares in the Battle Mountain Trend of Nevada, has shown promise through extensive drilling that highlights significant resource growth potential. This underscores Nevada King’s influential position in the burgeoning junior exploration sector in the United States.

In 2024, the company completed its Phase II drilling program, which comprised of 450 holes totaling 84,284 meters. This work yielded notable results, including the discovery of multiple gold mineralized zones that are expected to expand ongoing and future initiatives. Specifically, the South Quartzite Ridge Target (SQRT) was a standout discovery, intersecting impressive grades of 6.28 g/t Au over 54.9 meters within a substantial geophysical anomaly. This target, directly adjacent to the Atlanta resource zone, measures 2,500 meters in strike and boasts a geophysical anomaly much larger than the resource area, hinting at the exciting potential of the find.

The Atlanta Gold Mine Project has demonstrated consistent high-grade oxide material throughout its area, with several standout drill results including AT23NS-174, which returned 6.90 g/t Au over 68.6m, and AT24HG-41 which showed 5.14 g/t Au over 68.6m. Such results have prompted Nevada King to embark on another round of drilling, named Phase III, which commenced recently and hopes to encompass 20,000 meters of exploration.

Future Prospects in 2025

As part of its strategic plans for 2025, Nevada King will allocate half of its drilling budget to follow-up studies at the SQRT, with the remainder designated for 12 regional targets identified through systematic geophysical surveys. The company is poised to cover an extensive area, with plans to increase drill coverage to 30,000 meters contingent on the initial success. This enhanced focus on regional exploration reflects a calculated approach to uncover new satellite deposits and substantially increase the resource base.

Additionally, Nevada King's metallurgical studies from Phase I have returned positive recovery rates, particularly regarding the company’s high-grade gold deposits. These strong recoveries, reported by Nevada King, have validated the effectiveness of conventional processing methods, solidifying the foundation for the upcoming drills.

The company has also seen considerable financial support, raising C$21.6 million at a weighted average price of C$0.345 per share. This new capital reinforces Nevada King's operational capabilities as they step into 2025. Notably, management has shown a strong commitment to the company, increasing their ownership stake and thereby signaling confidence in the project's future.

With the Bureau of Land Management granting approval for modifications in their Plan of Operations, road construction at the SQRT has already been completed ahead of schedule. This achievement reflects Nevada King’s commitment to efficient permitting processes and operational excellence, further enabling them to advance their exploration initiatives promptly.

As a company, Nevada King Gold Corp. remains highly active, exhibiting a blend of ambition and strategic planning that can potentially lead to transformative developments in the realm of gold mining in North America. As 2025 unfolds, all eyes will be on the Phase III drilling efforts at the Atlanta Gold Mine Project as the company aims to build upon its recent discoveries and chart a clear course toward future success.