Highlights
The Phase II drill program was initially designed to include 13,100m in 100 holes. To date, Nevada King has completed 95 reverse circulation ('RC') holes totaling 9,651m, 13 RC pre-collar holes totaling 1,835m, and 14 core holes totaling 1,532m, for a grand total of 13,018m.
Based on the positive initial assay results and the numerous high priority drill targets that demand testing, the Company now intends to continue drilling until winter weather impedes further progress. It is expected that the drill program will expand 20% and will now exceed 16,000m of total drilling.
Results from Phase II drilling include high-grade oxide hosted intervals of 120.4m of 1.49 g/t Au and 57.9m of 1.38 g/t Au, located south and southeast of the
Drilling continues to target high-grade gold mineralization along the
10,561m of combined core and RC are pending assay from
Exploration Manager
About
Nevada King is the third largest mineral claim holder in the
The Company is well funded with cash of approximately
Cautionary Statements Regarding Forward Looking Information
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 to 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, 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.
Contact:
Suite 1700,
FOUNDER & CEO
E: collin@palisades.ca
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