Nevada King Gold Corp. Makes Significant Advances in Silver Park East
Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) is excited to share groundbreaking assay results from their Silver Park East (SPE) exploration site. This key target is located just a stone's throw west of the Atlanta Resource Zone, neatly nestled within the 130km² Atlanta Gold Mine Project in eastern Nevada. The latest results reveal promising data from both east and south drilling efforts, showcasing substantial at-surface mineralization of gold-silver oxide.
Recent Drilling Highlights
The highlights from this extensive drilling campaign include impressive intervals of oxide gold intercepted at the newly explored site, 350m south of the SPE. These notable results are:
- 0.93 g/t AuEq over 14.6m starting at 7.3m depth (hole B25-101)
- 0.69 g/t AuEq over 14.6m starting at surface (hole B25-100)
- 0.52 g/t AuEq over 9.8m starting at 2.4m depth (hole B25-96)
These findings indicate a robust zone of surface mineralization, evidenced not only at the main SPE area but also further south. The mineralization follows a trending unconformity, suggesting that it may flatten out toward the southern regions.
Link Between SPE Zones
Additional drilling on the west side of the SPE target has successfully extended the understood mineralization footprint, revealing a connection across a vast area of 300m by 500m. This exciting development links the primary mineral zone with newly identified surface mineralization located 350m to the south, presenting an opportunity for further exploration and potential expansion of the SPE target.
Plans for Future Exploration
As part of the ongoing Phase 4 drilling campaign, Nevada King is currently utilizing reverse circulation drill rigs to conduct extensive infilling within the mineralized zones for a clearer understanding of continuity. A drill designed for rotary air blast was also placed throughout the Silver Park region, allowing for systematic evaluations of the shallow geochemical anomalies and gold-silver mineralization beneath the cover.
Expert Insights
Nevada King’s VP of Exploration, Justin Daley, remarked on these developments: "The significant results from our shallow RAB drilling affirm the potential of Silver Park East, revealing a mineralized area far larger than we previously identified. The expansion to dimensions of 300m by 500m demonstrates the scope of our findings and provides vital data connecting SPE to the Atlanta Resource Zone. Our next phase will focus on bridging existing gaps and defining a continuous oxide gold envelope through further RC drilling."
Progress on the Phase 4 Program
The company has successfully completed 2,100m of the fully funded 20,000m Phase 4 regional exploration program. It’s worth noting that the ongoing RAB drilling remains outside the initial program's scope, focused on advanced understanding via RC drilling. Assay results from the RC drilling at SPE are anticipated to be released soon.
Assay and Quality Protocols
In maintaining the integrity of the results, all samples from the Atlanta Project were diligently handled. Drilling samples were both split at the site and placed into specific sample bags with stringent protocols for contamination prevention. Samples were shipped directly to accredited laboratories for comprehensive analytical processing, ensuring reliable results with every step documented.
About Nevada King Gold Corp.
Nevada King is dedicated to the advancement of its 100% owned Atlanta Gold Mine project, which boasts a historical production of 130km² located on the prominent Battle Mountain trend in Nevada. This project includes an NI 43-101 compliant resource with a Measured and Indicated (M&I) category containing over 1 million ounces of gold. With the recent updates and ongoing exploration efforts, Nevada King is positioned to capitalize on its assets, particularly with fluctuating market conditions in focus.
Frequently Asked Questions
What recent exploration results has Nevada King reported?
Nevada King recently reported promising assay results from Silver Park East, featuring several significant oxide gold intervals.
What is the importance of the SPE target?
The SPE target is crucial as it provides insights into the broader Atlanta Gold Mine's potential, linking significant mineralization zones.
How is Nevada King planning to expand the SPE area?
They plan to bridge gaps through additional RC drilling and further exploration to define a continuous gold envelope.
What are the highlights of the recent assays?
Key highlights include 0.93 g/t AuEq over 14.6m at a depth of 7.3m, indicating strong mineralization.
What measures does the company take for quality assurance?
Nevada King employs rigorous QA/QC protocols during sampling and analysis, ensuring accuracy and reliability of the assay results.
