Nevada King Gold Corp. (TSX-V: NKG) (OTC: NKGFF)  is pleased to announce commencement of its Phase III drill program with the mobilization of a reverse-circulation drill to conduct drilling across the recently discovered Wild West Target (August 19, 2024 release) at its 5,166 hectares (51.6km²), 100%-owned Atlanta Gold Mine Project along the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada.

Wild West Zone Highlights:

• Today’s AT24WS-84 (4.32 g/t Au over 9.1m) was sited 60m west of previously released AT24WS-83 (4.67 g/t Au over 42.7m), and represents the westernmost intercept of high-grade gold mineralization to date at the Wild West Zone and at the Atlanta Project. AT24WS-84 bottomed in mineralization, encountering 10m of mineralized rock, before the drill rig reached its maximum depth capabilities.
• As seen in Table 2 below, AT24WS-83 successfully recovered in both the upper and lower high-grade zones, resulting in higher average grade and much greater thickness, while today’s AT24WS-84 penetrated the upper high-grade zone but was lost at the top of the intervening lower high-grade zone.

• The Company is mobilizing a Schramm 685 drill rig, a powerful drill capable of greater depth penetration, to chase the mineralization seen in AT24WS-84 further westward and to greater depth across the WWT. As shown in Figure 1 below, 11 initial drill pads have been prepared that are designed to test the WWT a further 500m west of its current drilled extent.
• As currently defined, the recently identified WWT area is 500m long in a north-south direction and 200m wide, remaining open to the west. The target is located on the west side of the West Atlanta Fault #2 in an area previously thought to be unmineralized, but where recent drilling has revealed thick, high-grade mineralization extending well west of the Atlanta Resource Zone.
• As mentioned above, AT24WS-84 did recover through the upper high-grade zone. Hole AT24WS-81 (released August 19, 2024), drilled 100m to the northwest, did not reach the mineralized zone, but did encounter elevated Au-Ag-As-Mo, similar to that seen above the gold zones in nearby holes. The down-hole tracer element gradients seen in both AT24WS-84 and AT24WS-81 strongly suggests mineralization extends further to the west.
• The Company plans to mobilize a second drill rig to Atlanta in the coming weeks to begin a 59-hole regional pass of 12 regional drill targets, previously laid out in its September 17, 2024 and October 3, 2024 releases.

Cal Herron, Exploration Manager of Nevada King, stated, “The WWZ is situated along a major east-west basement lineament interpreted from gravity data that projects approximately 3 kilometres eastward from the Silver Park, Mustang, and Outlaw Targets (Figure 2) through the centre of the Wild West Target and into the Atlanta resource zone where it connects to the North Fault, which is an important structural control associated with high-grade mineralization immediately northwest of the pit. Nevada King holes AT23WS-44 (11.64 g/t Au over 108.2m, including 37.16 g/t Au over 29.0m released October 2, 2023), AT23WS-22 (5.63 g/t Au over 42.7m, including 28.57 g/t Au over 7.6m released April 27, 2023) and AT24WS-83 (4.67 g/t Au over 42.7m released August 19, 2024) all occur along this trend.

“A second, NW-trending deep gravity-inferred structure cuts through the centre of the WWZ where it intersects the E-W gravity trend and then continues down the axial plane of the South Quartzite Ridge Target to the southeast. Generally speaking, structural intersections commonly provide favourable loci for metals concentration, so the conjunction of major structures we see in the WWT is a good sign, particularly since it coincides with a strong CSAMT low resistivity zone interpreted as a shallow intrusive body. Hydrothermal fluids associated with shallow, low-resistivity intrusions are closely associated with gold mineralization throughout the current resource area, along the East Ridge Target (released July 16, 2024), and at the northern end of the South Quartzite Ridge Target (released July 23, 2024). As we continue to move westward with deeper holes into previously untested territory, we look forward to seeing what Mother Nature has in store for us.”

QA/QC Protocols

All RC samples from the Atlanta Project are split at the drill site and placed in cloth and plastic bags utilizing a nominal 2kg sample weight. CRF standards, blanks, and duplicates are inserted into the sample stream on-site on a one-in-twenty sample basis, meaning all three inserts are included in each 20-sample group. Samples are shipped by a local contractor in large sample shipping crates directly to American Assay Lab in Reno, Nevada, with full custody being maintained at all times. At American Assay Lab, samples were weighted then crushed to 75% passing 2mm and pulverized to 85% passing 75 microns in order to produce a 300g pulverized split. Prepared samples are initially run using a four acid + boric acid digestion process and conventional multi-element ICP-OES analysis. Gold assays are initially run using 30-gram samples by lead fire assay with an OES finish to a 0.003 ppm detection limit, with samples greater than 10 ppm finished gravimetrically. Every sample is also run through a cyanide leach for gold with an ICP-OES finish. The QA/QC procedure involves regular submission of Certified Analytical Standards and property-specific duplicates.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, P.Geo., who is a Qualified Person as defined by National Instrument 43-101.

About Nevada King Gold Corp.

The Atlanta Mine is a historical gold-silver producer with a NI 43-101 compliant pit-constrained resource of 460,000 oz Au in the measured and indicated category (11.0M tonnes at 1.3 g/t) plus an inferred resource of 142,000 oz Au (5.3M tonnes at 0.83 g/t). See the NI 43-101 Technical Report on Resources titled “Atlanta Property, Lincoln County, NV” with an effective date of October 6, 2020, and a report date of December 22, 2020, as prepared by Gustavson Associates and filed under the Company’s profile on SEDAR+ (www.sedarplus.ca).

Figure 1. Area of Wild West Target in relation to major basement faults largely inferred from geophysical data. High grade mineralization exceeding 3 g/t Au commonly occurs along faults and at structural intersections. Apical zones of CSAMT low-resistivity anomalies are interpreted to be shallow intrusive bodies. The apical zone shown west of the West Atlanta Fault #1 corresponds to shallow felsic intrusions controlling Au mineralization within the Atlanta Resource Zone. (CNW Group/Nevada King Gold Corp.)

Figure 2. Location of Wild West Target (orange outline) in relation to the Company’s land position, major basement structures largely inferred from geophysical data, and exploration targets. The historical Atlanta pit and current resource zone are located immediately east of the Wild West Target. (CNW Group/Nevada King Gold Corp.)