$NKGFF Nevada King Provides Update on Drilling at
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Posted On: 08/03/2022 9:34:21 PM
$NKGFF Nevada King Provides Update on Drilling at Its 100% Owned Atlanta Gold Mine Project, Battle Mountain Trend, Nevada
Tuesday, August 2, 2022
VANCOUVER, BC, August 2, 2022 – Nevada King Gold Corp. (TSX-V: NKG; OTCQX: NKGFF) (“Nevada King” or the “Company”) is pleased to announce an update on resource expansion and definition drilling at its 5,166 hectare, 100% owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada.
Highlights
To date in its initial 2022 program Nevada King has completed 35 reverse circulation (“RC”) holes totaling 1,985 metres, plus five reverse circulation pre-collar holes totaling 290 metres. Core drilling is underway with three core tails totaling 225 metres now completed and a fourth in progress (see Figure 1).
Two batches of drill samples have been delivered to American Assay Labs in Reno, Nevada. Assay results from the initial batch covering the first 14 holes are expected shortly.
RC drilling is currently underway within the historic pit where a fence of holes is testing the eastern edge of the mineralized Atlanta Mine Fault Zone (“AMFZ”), parallel to and eastward from last year’s drilling, which returned high-grade intercepts including 41.2m averaging 3.94 g/t Au, 64m averaging 3.35 g/t Au, and 54.9m averaging 5.34 g/t Au, starting at or near surface , (see January 20, 2022 release). This new fence of holes will help to establish the eastern margin of gold mineralization, will better define the dip on the main AMFZ, and will assist in tracking the higher-grade mineralization down-dip to the west.
Meanwhile, the first three core tails are targeting the AMFZ at the southern and northern ends of the historical pit and will provide structural and stratigraphic information, particularly within the Tertiary volcanic section above the mineralized zone. As further drilling steps out westward from the high-grade holes drilled at the bottom of the pit in 2021, vertical core and RC holes will gradually build a detailed picture of the mineralized zone’s geometry and gold grade distribution.
A series of shallow RC holes has been drilled to sample waste dumps north and west of the pit in areas where several scattered historical holes together with two of Nevada King’s 2021 RC holes returned intervals of gold mineralization. In the north dump area, Goldfield’s 1990 RC hole AR-05 hit 19m at 0.466 g/t Au starting at 3m and NKG’s RC hole AT21-010 returned 11m at 2.297 g/t starting at surface. In the central dump area, Meadow Bay’s 2011 core hole DHRI-11-07C hit 17m at 0.81 g/t starting at surface. Many of the historical core and RC holes did not sample the dumps, so the 2022 program incorporates a grid arrangement of shallow RC holes designed to evaluate the potential for incorporating portions of the waste dump material into the overall gold resource.
Exploration Manager Cal Herron stated: “Our 2022 season is off to a good start. Assay results for the first 14 RC holes are expected within the next couple weeks, at which time we can start planning resource expansion drilling south of the pit along the southern extension of the AMFZ. Additionally, in the coming weeks, resource expansion RC drilling will test the East Ridge Target (Figure 1) several hundred metres east of the pit where rock and soil samples indicate a large area of previously un-tested, gold mineralization in silicified dolomite. Results from this round of drilling will certainly assist in defining the high-grade portions of the AMFZ and expand the gold mineralization outward from the 2020 Gustavson Resource Zone in all directions.”
Continues with maps here
https://nevadaking.ca/news/nevada-king-provid...nd-nevada/
This is Nevada’s 3rd largest active claim holder, with plans to become its 2nd largest.
J
Tuesday, August 2, 2022
VANCOUVER, BC, August 2, 2022 – Nevada King Gold Corp. (TSX-V: NKG; OTCQX: NKGFF) (“Nevada King” or the “Company”) is pleased to announce an update on resource expansion and definition drilling at its 5,166 hectare, 100% owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada.
Highlights
To date in its initial 2022 program Nevada King has completed 35 reverse circulation (“RC”) holes totaling 1,985 metres, plus five reverse circulation pre-collar holes totaling 290 metres. Core drilling is underway with three core tails totaling 225 metres now completed and a fourth in progress (see Figure 1).
Two batches of drill samples have been delivered to American Assay Labs in Reno, Nevada. Assay results from the initial batch covering the first 14 holes are expected shortly.
RC drilling is currently underway within the historic pit where a fence of holes is testing the eastern edge of the mineralized Atlanta Mine Fault Zone (“AMFZ”), parallel to and eastward from last year’s drilling, which returned high-grade intercepts including 41.2m averaging 3.94 g/t Au, 64m averaging 3.35 g/t Au, and 54.9m averaging 5.34 g/t Au, starting at or near surface , (see January 20, 2022 release). This new fence of holes will help to establish the eastern margin of gold mineralization, will better define the dip on the main AMFZ, and will assist in tracking the higher-grade mineralization down-dip to the west.
Meanwhile, the first three core tails are targeting the AMFZ at the southern and northern ends of the historical pit and will provide structural and stratigraphic information, particularly within the Tertiary volcanic section above the mineralized zone. As further drilling steps out westward from the high-grade holes drilled at the bottom of the pit in 2021, vertical core and RC holes will gradually build a detailed picture of the mineralized zone’s geometry and gold grade distribution.
A series of shallow RC holes has been drilled to sample waste dumps north and west of the pit in areas where several scattered historical holes together with two of Nevada King’s 2021 RC holes returned intervals of gold mineralization. In the north dump area, Goldfield’s 1990 RC hole AR-05 hit 19m at 0.466 g/t Au starting at 3m and NKG’s RC hole AT21-010 returned 11m at 2.297 g/t starting at surface. In the central dump area, Meadow Bay’s 2011 core hole DHRI-11-07C hit 17m at 0.81 g/t starting at surface. Many of the historical core and RC holes did not sample the dumps, so the 2022 program incorporates a grid arrangement of shallow RC holes designed to evaluate the potential for incorporating portions of the waste dump material into the overall gold resource.
Exploration Manager Cal Herron stated: “Our 2022 season is off to a good start. Assay results for the first 14 RC holes are expected within the next couple weeks, at which time we can start planning resource expansion drilling south of the pit along the southern extension of the AMFZ. Additionally, in the coming weeks, resource expansion RC drilling will test the East Ridge Target (Figure 1) several hundred metres east of the pit where rock and soil samples indicate a large area of previously un-tested, gold mineralization in silicified dolomite. Results from this round of drilling will certainly assist in defining the high-grade portions of the AMFZ and expand the gold mineralization outward from the 2020 Gustavson Resource Zone in all directions.”
Continues with maps here
https://nevadaking.ca/news/nevada-king-provid...nd-nevada/
This is Nevada’s 3rd largest active claim holder, with plans to become its 2nd largest.
J
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