Nevada King Gold Corp. Extends Mineralization at Silver Park East
Nevada King Gold Corp. (TSXV: NKG, OTCQB: NKGFF) has proudly announced significant results from its recent drilling at the Silver Park East (SPE) target, part of the expansive Atlanta Gold Mine Project. The total area measures an impressive 13,000 hectares and lies within the highly productive Battle Mountain trend. These results highlight a **450m by 300m** mineralized footprint that now includes a **150m** extension along strike.
Key Highlights from the Drill Results
The drilling unveiled noteworthy continuity of gold and silver mineralization, suggesting the SPE could evolve into a promising new satellite oxide zone. Notable intervals such as **0.25 g/t AuEq over 70.1m** in AT25SP-41 and **0.30 g/t AuEq over 41.1m** in AT25SP-37 demonstrate the richness of this area. Additionally, AT25SP-36 achieved **1.60 g/t AuEq over 4.6m**, contributing to an **86.8m** intercept that encompasses three separate mineralized horizons starting at a depth of just **35m**.
Expansion Opportunities
Mineralization within the SPE target remains open for further development, particularly toward the east and south. The presence of similar geological characteristics and geochemical signatures in the host rock as those observed in the Atlanta Resource Zone (ARZ) indicates a shared mineralizing system that could lead to even more discoveries.
Strategic Drilling Plans
The company plans to carry out follow-up drilling to address the **270m** gap that currently exists between AT25SP-33 and AT25SP-41. This subsequent exploration aims to expand the mineralized envelope southeastward, targeting structurally enhanced zones that have shown potential for higher grades, which could bolster overall resource estimates.
Statements from Leadership
Justin Daley, VP of Exploration at Nevada King, articulated enthusiasm regarding the Phase III drilling program, emphasizing its goal to identify additional oxide gold zones beyond the ARZ. Despite challenges posed by post-mineral cover, the consistent low-grade oxide gold and silver findings across the area help illuminate potential sources of mineralizing fluids.
Overview of Recent Progress
As part of its ongoing exploration efforts, Nevada King has now completed **28,000m** of the targeted **30,000m** in the Phase III regional exploration program, with assay results for **7,815m** still pending. This marks a crucial step forward for the company in its quest to uncover more valuable mineral resources.
Quality Assurance and Control
The company has implemented rigorous QA/QC protocols in its drilling operations. All Reverse Circulation (RC) samples are accurately split at the drill site and maintained under strict custody throughout transportation to American Assay Lab. There, comprehensive analyses are performed, including multi-element ICP-OES and conventional fire assays for gold to ensure high accuracy.
About Nevada King Gold Corp.
Nevada King is committed to the advancement of its **100% owned** Atlanta Gold Mine project, which hosts significant verified gold resources, including an NI 43-101 compliant open-pit oxide resource of **1,020koz Au**.
Frequently Asked Questions
What is the significance of the recent drilling results?
The drilling results indicate a substantial mineralized footprint at SPE, suggesting the potential for new discoveries and expansions in the area.
What are the next steps for Nevada King Gold Corp.?
The company plans to drill gaps in the existing mineralization to further identify and expand its resources.
How does SPE relate to the Atlanta Resource Zone?
SPE shares geological characteristics and geochemical signatures with the ARZ, indicating a common mineralizing system.
What are the current results pending for a company report?
Results for **7,815m** of additional drilling are pending assessment and will be communicated as they are received.
How can one learn more about Nevada King Gold Corp.?
More information can be found by visiting the official site at www.nevadaking.ca.
