Drilling Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) |
AT22NS-12 | 175.3 | 195.1 | 19.8 | 1.77 |
AT22NS-13 | 135.7 | 160.1 | 24.4 | 1.67 |
AT22NS-RC14 | 99.1 | 143.3 | 44.2 | 0.71 |
AT22NS-16 | 91.5 | 106.7 | 15.2 | 0.54 |
AT21-003* | 155.5 | 173.8 | 18.3 | 4.64 |
Table 1: Full list of four RC holes released today. *Denotes NKG hole reported in 2021. |
- The four holes released today cut across the northern projection of the AMFZ through high-grade discovery hole AT21-003, which was drilled in 2021, 560m north of the historic
Atlanta Pit , intercepting 9.1m of 8.26 g/t Au, within a broader intercept of 18.3m of 4.64 g/t Au. This hole opens up a new target area well outside the current resource called the North Extension Target ("NET"), shown in Figure 1. - As shown in Section E-E' (Figure 2), today's holes, along with AT21-003 and three historic holes summarized below in Table 2, drill-define a gold mineralized zone that is over 300m wide along the section line and remains open both to the west and east, indicating the presence of a strong gold system in the NET.
- Gold in this zone is hosted in silica breccia and is relatively sub-horizontal and down-faulted to the west along the AMFZ. Gold grade and mineralized thickness are greatest within the fault zone, as seen in AT21-003, AT22NS-12 and AT22NS-13, while grade tends to decrease laterally west and east from the AMFZ.
- Comparing gold grades in ATNS-016 and
DHRI -11-04RC, gold mineralization appears to be strengthening east of Section E-E' toward the EastRidge Target ("ERT"), which remains untested by drilling. Assays for holes completed south of Section E-E' are still pending and these results will help to determine whether or not the NET gold mineralization can be tied to the main resource zone around theAtlanta pit. - The NET target area measures roughly 600m north-south from the pit to Section E-E'. The mineralized zone on Section E-E' averages 25m in thickness with average grades approaching 1.5 g/t Au across a minimum width of 300m east-west. If the NET mineralization can be tied to the main resource, it could significantly enlarge the footprint of the overall mineralized gold zone at
Atlanta .
"Receipt of more assays over the coming weeks will greatly clarify the potential for merging the relatively flat-lying and oxidized mineralization in the NET with the existing resource zone around the
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) |
KN98-10 | 198.2 | 211.9 | 13.7 | 1.19 |
103.7 | 123.5 | 19.8 | 0.47 | |
80.8 | 103.7 | 22.9 | 0.62 |
Table 2: Historical holes used in Section E-E'. |
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
Nevada King is the third largest mineral claim holder in the
The Company is well funded with cash of approximately
Resource Category | Tonnes (000's) | (ppm) | Contained Au Oz | (ppm) | Contained Ag Oz |
Measured | 4,130 | 1.51 | 200,000 | 14.0 | 1,860,000 |
Indicated | 6,910 | 1.17 | 260,000 | 10.6 | 2,360,000 |
Measured + Indicated | 11,000 | 1.30 | 460,000 | 11.9 | 4,220,000 |
Inferred | 5,310 | 0.83 | 142,000 | 7.3 | 1,240,000 |
Please see the Company's website at www.nevadaking.ca.
Neither the
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Nevada King, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans and the Company's ability to potentially expand mineral resources and the impact thereon. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work given the global COVID-19 pandemic, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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