Nevada King Gold Corp. Reports Major Resource Update
Nevada King Gold Corp. Unveils Technical Report
Nevada King Gold Corp. is excited to share significant updates regarding their Atlanta Gold Project. The company has recently filed an extensive technical report that presents an intriguing mineral resource estimate, highlighting over 1 million ounces of measured and indicated gold resources.
Overview of the Atlanta Gold Project
The Atlanta Gold Mine project, situated in the Battle Mountain trend, is wholly owned by Nevada King. This project previously produced gold and now showcases a compliant NI 43-101 pit-constrained oxide resource. According to the report, the project boasts an impressive 1,020,000 ounces of gold in the measured and indicated categories, with exceptional grades helping to elevate the project’s potential.
Results of the Technical Report
The technical report, prepared by RESPEC, indicates that the project contains an astounding 27.7 million tonnes averaging 1.14 grams per tonne (g/t) of gold, along with an inferred resource of 98,500 ounces from 3.6 million tonnes at a grade of 0.84 g/t. This promising data not only reinforces Nevada King's strategic position within the mining sector but also sets the stage for further exploration and development.
Table Summary of Mineral Resources
The technical report provides a detailed breakdown of mineral resources at the Atlanta Gold Mine, which includes:
- Measured Resources: 3,430,100 tonnes at 1.55 g/t comprising 170,800 ounces
- Indicated Resources: 24,280,200 tonnes at 1.09 g/t comprising 848,800 ounces
- Total Measured and Indicated (M&I): 27,710,300 tonnes at 1.14 g/t equating to 1,019,600 ounces
- Inferred Resources: 3,638,400 tonnes at 0.84 g/t comprising 98,500 ounces
Qualified Person Verification
Calvin R. Herron, P.Geo., an experienced qualified person as per NI 43-101 standards, has thoroughly reviewed and approved the scientific and technical information presented in the report. His expertise lends credibility to the data and the future potential of the Atlanta Gold Project.
Future Prospects for Nevada King
The filing of this technical report creates the groundwork for expanding operations at the Atlanta project. Nevada King is poised to accelerate exploration efforts and investments, ensuring that it remains competitive and capable of realizing the full potential of the Atlanta Gold Mine. With strategic planning and continued resource evaluation, the Company aims to maximize shareholder value in the evolving market.
Conclusion
This comprehensive technical report serves as a strong indicator of the growth trajectory of Nevada King Gold Corp. It highlights the promising future of the Atlanta Gold Project while laying the foundation for forthcoming developments and exploration. Investors and stakeholders should watch Nevada King's progress as it continues to advance its projects and capitalize on market opportunities.
Frequently Asked Questions
What is the significance of the technical report filed by Nevada King?
The technical report highlights over 1 million ounces of measured and indicated gold resources in the Atlanta project, demonstrating its potential and reinforcing investor confidence.
Who prepared the technical report for the Atlanta Gold Project?
The technical report was prepared by RESPEC, a reputable firm known for its expertise in mining and resource evaluation.
How much gold is estimated to be at the Atlanta Gold Project?
The Atlanta project is estimated to contain over 1 million ounces of gold categorized as measured and indicated resources, alongside an inferred resource of approximately 98,500 ounces.
What are the next steps for Nevada King regarding their gold projects?
Nevada King plans to enhance exploration efforts and development strategies at the Atlanta Gold Project to maximize its resources and increase shareholder value.
Is Nevada King publicly traded?
Yes, Nevada King Gold Corp. is publicly listed, with shares traded under the ticker symbols NKG and NKGFF on different exchanges.
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