Nevada King Gold Corp. Expands Drill Program Following BLM Approval

Nevada King Gold Corp. Receives Important Approval for Expansion

Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) is thrilled to announce a significant milestone in its ongoing operations at the Atlanta Gold Mine Project. The company has successfully obtained a Finding of No Significant Impact (FONSI) from the Bureau of Land Management (BLM), along with necessary approvals for modifications to its existing Plan of Operations.

Details of the Approval and Its Significance

This latest approval paves the way for the construction of 47 additional drill pads and the development of approximately 1.9 kilometers of new access roads throughout the Atlanta District. These developments are crucial as they enhance the company’s capacity to explore and exploit valuable mineral resources in the region.

Construction Progress and Drilling Operations

The road construction contractor began activities on-site shortly after approval, and as of recent reports, 650 meters of new roads along the South Quartzite Ridge Target have been completed. This infrastructure will facilitate drill-testing across 600 meters of strike length within the SQRT, an area identified through CSAMT data as having potential gold mineralization.

Since the commencement of its Phase III drill program, Nevada King has already completed over 11,870 meters of drilling across 49 holes out of a planned 20,000 meters. Two drilling rigs are actively working on-site, emphasizing the company's commitment to advancing exploration efforts based on insights gleaned from previous drilling.

Exploration Strategy and Resource Expansion

The current phase of drilling focuses on expanding known areas of mineralization and discovering new satellite deposits within the Atlanta District. Utilizing CSAMT anomalies and surface samples, Nevada King is strategically targeting prospective areas, particularly around the semi-circular ring fault zone that bounds the Atlanta Caldera.

Cal Herron, Exploration Manager at Nevada King, expressed excitement over the rapid response from the BLM and the implications of the new modifications. These additions will allow for closer spacing of existing drill holes and will enable the company to follow structural trends indicated by CSAMT data.

Quality Assurance and Control in Sampling

To maintain high standards of accuracy in sampling, all reverse circulation (RC) samples from the Atlanta Project undergo rigorous quality control measures. Samples are split at the drill site, with precise protocols ensuring that standard samples, blanks, and duplicates are incorporated into each testing batch to uphold scientific integrity.

Current Mineral Resources and Future Outlook

Nevada King Gold Corp. continues to prioritize its Atlanta Gold Mine Project, which boasts a considerable mineral resource base. The project holds an NI 43-101 compliant pit-constrained oxide resource of approximately 460,000 ounces of gold in the measured and indicated categories. As exploration unfolds, the resources from both measured and indicated categories, estimated upwards of a combined 11 million tonnes, indicate a promising capacity for future production.

As Nevada King Gold Corp. advances through its Phase III exploration, the company remains committed to adhering to high standards of environmental safety and ensuring all operational expansions align with regulatory frameworks.

About Nevada King Gold Corp.

Nevada King is dedicated to enhancing its 100% owned Atlanta Gold Mine Project, a site rich with historical significance located along the Battle Mountain trend. The project situates itself in a region known for its productive mining history, providing a solid foundation for potential future yields.

Frequently Asked Questions

What is the significance of the recent BLM approval?

The BLM approval allows Nevada King to expand its drilling activities, adding 47 new drill pads and facilitating new road construction, enhancing exploration capabilities.

How much drilling has been completed in the Phase III program?

Nevada King has completed over 11,870 meters of drilling across 49 holes, with plans to explore up to 20,000 meters in total.

What are CSAMT and its role in the exploration?

Controlled Source Audio-frequency Magnetotellurics (CSAMT) is a geophysical exploration technique that helps identify subsurface mineralization, allowing the company to focus drilling efforts on promising targets.

Who is overseeing the exploration activities at Nevada King?

Cal Herron serves as the Exploration Manager, ensuring that all drilling and exploration activities align with industry standards and advance the company's project goals.

What are Nevada King's future plans for the Atlanta Gold Mine?

Nevada King aims to continue expanding its exploration efforts, utilizing advanced techniques to uncover new resources and enhance its existing operations at the Atlanta Gold Mine Project.

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