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Nevada King Gold Corp. (TSX-V: NKG) (OTCQX: NKGFF) is pleased to announce results from four vertical, reverse circulation holes and one vertical, PQ-diameter diamond core hole completed in the northern portion of the West Atlanta Graben Zone at its at its 5,166 hectares (51.6km2), 100% owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada.
Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23WS-23C.1*+ | 226.2 | 312.5 | 86.3 | 4.51 | 50.7 |
Includes | 256.3 | 299.2 | 43 | 7.77 | 25.1 |
Includes | 256.3 | 261.3 | 5 | 18.34 | 1.9 |
AT23WS-58 | 213.4 | 297.2 | 83.8 | 0.75 | 5.4 |
AT23WS-61* | 243.8 | 294.1 | 50.3 | 1.56 | 13.2 |
Table 1: Highlight holes released on section 22N-17N(2). Mineralization occurs along near-horizontal horizons with true mineralized thicknesses estimated to be 85% to 95% of reported drill intercept length. *Denotes hole bottoming in mineralization. +Denotes core hole. |
Cal Herron, Exploration Manager of Nevada King, stated, “The Company’s multiple structure model continues to lead to thick, high-grade mineralized zones. In addition to following high-angle structures that served as loci for higher grade Au-Ag mineralization, Nevada King’s success at increasing both grade and thickness can also be attributed to achieving full penetration of the low-angle unconformity that hosts most of the mineralization at Atlanta. The occurrence of two separate, sub-horizontal high-grade horizons as illustrated in Table 4 is replicated throughout the Atlanta system but is most often observed in the WAFZ where the deeper high-grade occurs in the carbonate section at or directly above the unconformable basement contact, while the shallower high-grade is hosted in the volcanic sequence above the unconformity. Higher grade and thicker intercepts occur close to feeder structures controlling the mineralization, as seen in AT23WS-23C.1, while grades decrease and thin laterally away from the feeders as seen in AT23WS-23.”
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23WS-23C.1*+ | 226.2 | 312.5 | 86.3 | 4.51 | 50.7 |
Includes | 256.3 | 299.2 | 43 | 7.77 | 25.1 |
Includes | 256.3 | 261.3 | 5 | 18.34 | 1.9 |
AT23WS-58 | 213.4 | 297.2 | 83.8 | 0.75 | 5.6 |
AT23WS-59 | 216.5 | 283.5 | 67.1 | 0.86 | 10.9 |
AT23WS-61* | 243.9 | 294.2 | 50.3 | 1.56 | 13.2 |
AT23NS-149 | 175.3 | 193.6 | 18.3 | 0.45 | 10.3 |
Table 2. All holes released today on section 22-17N(2). Mineralization occurs along near-horizontal horizons with true mineralized thickness in vertical holes estimated to be 85% to 95% of reported drill intercept length. *Denotes holes that bottomed in mineralization. + Denotes core holes. |
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT21-10* | 150.9 | 152.4 | 1.5 | 0.24 | 0.7 |
AT21-11^ | 15.2 | 21.3 | 6.1 | 0.45 | 10.9 |
AT22WS-1* | 239.3 | 304.9 | 65.5 | 1.52 | 11.6 |
AT22WS-12*^ | 204.3 | 259.1 | 54.9 | 0.21 | 1.2 |
AT23WS-15 | 213.4 | 248.5 | 35.1 | 0.50 | 8.4 |
AT22NS-26T+ | 119.2 | 138.3 | 19.1 | 0.39 | 11.6 |
AT22NS-27 | 51.8 | 71.6 | 19.8 | 0.41 | 12.5 |
AT23WS-23 | 230.2 | 332.3 | 102.1 | 2.45 | 10.1 |
Includes | 288.1 | 300.3 | 12.2 | 8.78 | 11.8 |
AT23WS-18 | 225.6 | 283.5 | 57.9 | 1.48 | 8.5 |
DHRI-11-NRC1* | 310.9 | 338.3 | 27.4 | 0.42 | 5.93 |
DHRI-11-15C+ | 266.7 | 333.8 | 67.1 | 0.28 | 8.4 |
Table 3. Previously released and historical holes used on section 22-17N (2). AT series holes drilled by Nevada King in 2021 and 2022. DHRI series holes drilled by Meadow Bay in 2011. *Denotes hole that bottomed in mineralization. +Denotes core hole. ^Denotes aggregate assay interval. |
AT23WS-23C.1 | AT23WS-23 | ||||||
From (m) | To (m) | Interval (m) | Au (g/t) | From (m) | To (m) | Interval (m) | Au (g/t) |
232.3 | 233.8 | 1.5 | 0.376 | 230.1 | 231.7 | 1.5 | 0.239 |
233.8 | 235.3 | 1.5 | 0.749 | 231.7 | 233.2 | 1.5 | 0.145 |
235.3 | 236.8 | 1.5 | 0.547 | 233.2 | 234.7 | 1.5 | 0.507 |
236.8 | 238.4 | 1.5 | 0.409 | 234.7 | 236.2 | 1.5 | 0.447 |
238.4 | 239.9 | 1.5 | 1.67 | 236.2 | 237.7 | 1.5 | 0.481 |
239.9 | 241.3 | 1.4 | 1.1 | 237.7 | 239.3 | 1.5 | 0.496 |
241.3 | 242.8 | 1.5 | 0.8 | 239.3 | 240.8 | 1.5 | 0.393 |
242.8 | 244.0 | 1.2 | 1.57 | 240.8 | 242.3 | 1.5 | 0.38 |
244.0 | 245.2 | 1.2 | 2.88 | 242.3 | 243.8 | 1.5 | 0.428 |
245.2 | 246.7 | 1.5 | 1.94 | 243.8 | 245.4 | 1.5 | 0.427 |
246.7 | 247.7 | 0.9 | 0.624 | 245.4 | 246.9 | 1.5 | 0.755 |
247.7 | 248.6 | 0.9 | 0.147 | 246.9 | 248.4 | 1.5 | 8.74 |
248.6 | 249.6 | 1.1 | 0.426 | 248.4 | 249.9 | 1.5 | 12.98 |
249.6 | 250.5 | 0.9 | 1.2 | 249.9 | 251.5 | 1.5 | 8.61 |
250.5 | 252.1 | 1.5 | 5.94 | 251.5 | 253.0 | 1.5 | 0.643 |
252.1 | 253.6 | 1.5 | 3.52 | 253.0 | 254.5 | 1.5 | 0.39 |
253.6 | 255.1 | 1.5 | 4.52 | 254.5 | 256.0 | 1.5 | 0.683 |
255.1 | 256.2 | 1.1 | 4.03 | 256.0 | 257.6 | 1.5 | 3.32 |
256.2 | 257.7 | 1.5 | 15.87 | 257.6 | 259.1 | 1.5 | 2.88 |
257.7 | 258.8 | 1.1 | 11.90 | 259.1 | 260.6 | 1.5 | 1.69 |
258.8 | 259.7 | 0.9 | 26.97 | 260.6 | 262.1 | 1.5 | 1.64 |
259.7 | 261.2 | 1.5 | 20.13 | 262.1 | 263.7 | 1.5 | 1.55 |
261.2 | 262.7 | 1.5 | 1.35 | 263.7 | 265.2 | 1.5 | 1.05 |
262.7 | 263.7 | 0.9 | 1.3 | 265.2 | 266.7 | 1.5 | 0.861 |
263.7 | 265.5 | 1.8 | 2.53 | 266.7 | 268.2 | 1.5 | 0.542 |
265.5 | 267.0 | 1.5 | 4.19 | 268.2 | 269.8 | 1.5 | 1.27 |
267.0 | 268.5 | 1.5 | 5.02 | 269.8 | 271.3 | 1.5 | 1.61 |
268.5 | 270.1 | 1.5 | 1.53 | 271.3 | 272.8 | 1.5 | 1.18 |
270.1 | 271.6 | 1.5 | 4.59 | 272.8 | 274.3 | 1.5 | 1.97 |
271.6 | 273.3 | 1.7 | 6.78 | 274.3 | 275.8 | 1.5 | 1.5 |
273.3 | 274.8 | 1.5 | 12.6 | 275.8 | 277.4 | 1.5 | 2.86 |
274.8 | 275.4 | 0.6 | 11.45 | 277.4 | 278.9 | 1.5 | 3.08 |
275.4 | 276.9 | 1.5 | 12.37 | 278.9 | 280.4 | 1.5 | 1.64 |
276.9 | 278.0 | 1.1 | 8.34 | 280.4 | 281.9 | 1.5 | 2.22 |
278.0 | 279.5 | 1.5 | 10.42 | 281.9 | 283.5 | 1.5 | 5.41 |
279.5 | 281.0 | 1.5 | 14.28 | 283.5 | 285.0 | 1.5 | 4.44 |
281.0 | 282.6 | 1.5 | 5.02 | 285.0 | 286.5 | 1.5 | 2.09 |
282.6 | 283.8 | 1.2 | 6.25 | 286.5 | 288.0 | 1.5 | 4.86 |
283.8 | 285.3 | 1.5 | 9.82 | 288.0 | 289.6 | 1.5 | 7.95 |
285.3 | 286.8 | 1.5 | 6.71 | 289.6 | 291.1 | 1.5 | 9.53 |
286.8 | 287.7 | 0.9 | 5.29 | 291.1 | 292.6 | 1.5 | 13.97 |
287.7 | 289.3 | 1.5 | 3.89 | 292.6 | 294.1 | 1.5 | 11.4 |
289.3 | 290.5 | 1.2 | 1.75 | 294.1 | 295.7 | 1.5 | 7.66 |
290.5 | 291.7 | 1.2 | 4.61 | 295.7 | 297.2 | 1.5 | 6.68 |
291.7 | 293.5 | 1.8 | 4.24 | 297.2 | 298.7 | 1.5 | 5.93 |
293.5 | 295.0 | 1.5 | 3.53 | 298.7 | 300.2 | 1.5 | 7.1 |
295.0 | 296.6 | 1.5 | 8.13 | 300.2 | 301.8 | 1.5 | 1.44 |
296.6 | 297.8 | 1.2 | 13.28 | 301.8 | 303.3 | 1.5 | 1.93 |
297.8 | 299.2 | 1.4 | 5.02 | 303.3 | 304.8 | 1.5 | 0.565 |
299.2 | 300.8 | 1.7 | 0.762 | 304.8 | 306.3 | 1.5 | 0.543 |
300.8 | 302.4 | 1.5 | 0.976 | 306.3 | 307.9 | 1.5 | 0.423 |
302.4 | 303.6 | 1.2 | 1.66 | 307.9 | 309.4 | 1.5 | 0.299 |
303.6 | 305.1 | 1.5 | 0.702 | 309.4 | 310.9 | 1.5 | 0.306 |
305.1 | 306.8 | 1.7 | 0.262 | 310.9 | 312.4 | 1.5 | 0.224 |
306.8 | 308.0 | 1.2 | 0.368 | 312.4 | 313.9 | 1.5 | 0.176 |
308.0 | 310.0 | 2.0 | 0.171 | 313.9 | 315.5 | 1.5 | 0.231 |
310.0 | 312.4 | 2.4 | 0.412 | 315.5 | 317.0 | 1.5 | 0.27 |
312.4 | 313.3 | 0.9 | 0.06 | 317.0 | 318.5 | 1.5 | 0.155 |
313.3 | 314.9 | 1.5 | 0.159 | 318.5 | 320.0 | 1.5 | 0.183 |
Table 4. Comparison of Au assays from core hole AT23WS-23C.1 and RC hole AT23WS-23 including drill depths and sample interval lengths. RC sampling is done on 1.5-metre intervals while core drilling varies in interval size with the ability to tighten or broaden sample size with relation to structure, contacts, and strong mineralization. Yellow highlighted intervals indicate the Upper High-Grade Zone, while magenta highlighted intervals denote the Lower High-Grade Zone. Both high grade zones often occur together throughout the Atlanta deposit. |
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QAQC 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 weighed 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. Silver samples that run greater than 100ppm are also 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.
The PQ-diameter core was sampled in the Company’s warehouse in Winnemucca, Nevada, with whole core samples being placed in heavy canvas bags and sent to American Assay Lab in Reno, Nevada, in heavy shipping bags by a Company contractor with full custody being maintained at all times. CRF standards and coarse blanks were inserted into the sample stream on a one-in-twenty sample basis, meaning both inserts are included in each 20-sample group. At American Assay Lab, samples were weighted then completely crushed to -1 inch. The coarse-crushed sample was quarter-split and one quarter was reduced to 75% passing 2mm. A 300g split was subsequently pulverized to 85% passing 75 microns. 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.
Nevada King is the third largest mineral claim holder in the State of Nevada, behind Nevada Gold Mines (Barrick/Newmont) and Kinross Gold. Starting in 2016, the Company has staked large project areas hosting significant historical exploration work along the Battle Mountain trend located close to current or former producing gold mines. These project areas were initially targeted based on their potential for hosting multi-million-ounce gold deposits and were subsequently staked following a detailed geological evaluation. District-scale projects in Nevada King’s portfolio include (1) the 100% owned Atlanta Mine, located 100km southeast of Ely, (2) the Lewis and Horse Mountain-Mill Creek projects, both located between Nevada Gold Mines’ large Phoenix and Pipeline mines, and (3) the Iron Point project, located 35km east of Winnemucca, Nevada.
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).
Resource Category | Tonnes
(000s) |
Au Grade
(ppm) |
Contained Au Oz |
Ag Grade
(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 |
Table 3. NI 43-101 Mineral Resources at the Atlanta Mine |
Figure 1. Detailed plot of historical and Nevada King drill holes in the northern end of the WAFZ. A northwest-trending “core zone” of higher-grade and thicker mineralization formed at the intersection of the westerly-trending North Fault with the northerly trending West Atlanta #1 and West Atlanta #2 Faults. Stars denote holes that did not fully penetrate both the upper and lower high-grade projected zones or suffered serious sample loss within these zones. (CNW Group/Nevada King Gold Corp.)
Figure 2. Location map for holes reported in this news release along drill Section22-17N(2) relative to the perimeter of historical Atlanta Pit and footprint of the Gustavson 2020 NI 43-101 resource. Shallow drillholes on the mine dumps have been removed from the plot for clarity. (CNW Group/Nevada King Gold Corp.)
Figure 3. Cross section 22-17N(2) looking north across the northern ends of the WAGZ and AMFZ. High-angle, northerly trending faults channeled shallow sub-volcanic intrusions and Au/Ag bearing fluids up into a highly receptive horizon developed at the erosional surface (unconformity) separating Paleozoic dolomite from overlying Tertiary-age volcanics. (CNW Group/Nevada King Gold Corp.)
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