Nevada King Gold Corp. Advances Phase III Drill Program Progress

Update on Nevada King Gold Corp.'s Drill Program

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) is excited to share the latest developments in its Phase III regional drill program. This important phase is now in progress at the Atlanta Gold Mine Project, spanning 12,000 hectares in the prolific Battle Mountain Trend. The company aims to expand its mineral resources, and this drill program is pivotal in achieving that goal.

Program Overview and Objectives

The Phase III drill program began with the completion of 26 reverse circulation (RC) holes, totaling 6,600 meters out of a 20,000-meter plan. With two drills back in action following a short holiday break, work is now fully underway. The primary focus is to extend the mineralization framework south of the Atlanta resource zone into a target area known as the South Quartzite Ridge Target (SQRT). Here, Nevada King Gold will be examining areas where geophysical anomalies occur alongside major structural features.

Exploring the South Quartzite Ridge Target

The SQRT stretches approximately 2.5 kilometers south from the current resource zone and spans 500 meters in width. This considerable target area may contain significant mineralization. Initial assessments suggest that feeder structures might have funneled mineralizing fluids trapped beneath a quartzite layer, creating potential zones of interest. The ongoing drilling efforts are designed to assess the existence and extent of these zones.

Permitting and Future Plans

In December, a permit modification request was submitted to the U.S. Bureau of Land Management (BLM) to introduce 47 new drill sites and construct 1.9 kilometers of additional drill roads. This modification allows further drilling along the SQRT and at adjacent targets such as Outlaw, Mustang, Silver Park, and Rangefront. Notably, some proposed drill pads are located in chiefly untouched areas north of the resource zone.

Drilling Highlights and Recent Discoveries

Surface samples from newly-recommended drill sites have yielded promising results, with gold values reaching up to 0.82 g/t and exhibiting the presence of arsenic and antimony. These samples were extracted from outcrops related to the West Atlanta Fault, a critical fault associated with gold mineralization.

Focused Drilling Strategy

Cal Herron, Exploration Manager at Nevada King, expressed enthusiasm regarding the recent drilling efforts, which are targeting anomalies surrounding the Atlanta Resource Zone. The company's drill program is examining various prospective environments based on comprehensive analysis, including gravity and magnetic data. The goal is to gather evidence of a robust hydrothermal system that could lead to the discovery of new satellite deposits.

Quality Assurance and Analytical Procedures

Nevada King adheres to rigorous QA/QC protocols to maintain the integrity of its drilling results. All samples from the Atlanta project are stored securely and analyzed by a certified laboratory. This procedure includes the submission of controls, standards, and duplicates to ensure accurate results throughout the evaluation process.

About Nevada King Gold Corp.

The Atlanta Mine boasts a history as a successful gold-silver producer, demonstrating an NI 43-101 compliant pit-constrained resource of 460,000 ounces of gold in the measured and indicated category. The Atlanta project is continuing to develop, with resources indicating robust potential moving forward.

Frequently Asked Questions

What is the current status of the Phase III drill program?

The Phase III drill program includes over 6,600 meters of drilling, with plans to reach a total of 20,000 meters.

What are the main goals of this drill program?

The primary goal is to expand mineralization from the Atlanta resource zone and identify new satellite deposits in the district.

How does Nevada King ensure the quality of its samples?

All samples are split at the drill site, with strict QA/QC measures including the use of standards and duplicates in the analysis process.

What is the significance of the South Quartzite Ridge Target?

The SQRT is a significant focus area aimed at discovering potential mineral deposits south of the current resource zone.

Where can I find more information about Nevada King Gold Corp.?

For detailed information, you can visit Nevada King's official website.

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