Phase II Drill Program Passes 76,000m At Atlanta Gold Mine Project

Phase II Drill Program Passes 76,000m At Atlanta Gold Mine Project

VANCOUVER – Nevada King Gold Corp. reported on the Phase II resource expansion and definition drilling program at its 5,166 hectare (51.6km2), Atlanta Gold Mine Project, located in the Battle Mountain Trend 264km northeast of Las Vegas, Nevada.

Since inception of the Phase II Atlanta drill program in June 2022 Nevada King has completed 391 holes totaling 76,249m, which includes 371 reverse-circulation (RC) holes totaling 72,743m and 20 core holes totaling 3,506m. Prior to initiating the Phase II program the Company completed 68 holes totaling 5,544m in it’s maiden Phase I program. To date, as part of its Phase II program, Nevada King has reported assays from 254 holes covering 46,201m with results from 137 drill holes totaling 30,048m currently pending.

Three RC rigs continue to operate at Atlanta. The core rig that began operating in October 2023 successfully completed six holes (1,258m) needed for ongoing metallurgical testwork plus confirmation of RC drill results. A major objective of current drilling involves following up on elevated high-grade (>20 g/t Au) intercepts  scattered throughout the deposit in order to further define the spatial distribution of this exceptionally high-grade mineralization for potential inclusion as discreet domains within a future resource model.

Drilling is also ongoing in the North Extension Target to follow up on the high-grade oxide results from an area 600m north of the Atlanta pit and well outside of the footprint of the existing resource, as well as at the southern end of the Atlanta resource zone following the blind discovery of thick, high-grade gold mineralization including 1.89 g/t Au over 114.3m and 2.15 g/t Au over 96.0m.

Cal Herron, Exploration Manager, said, “It has been a very busy winter so far with very few weather-related work stoppages, in part due to infrastructure improvements made in 2023. The core drill just completed its last metallurgical hole and has moved off-site, while three RC drills are still turning, two of them on a 24-hour schedule. Normally at this point in an exploration program’s life, extensive drilling has resulted in a fairly complete and accurate understanding of a system’s geology and potential. Atlanta is quite different – almost every new drill hole brings more twists and turns that keep our geologists (and drill crews) contantly changing gears and direction. We started out in 2021 hoping to get some shallow, low-grade hits south of the pit, while we’ve now graduated to hunting bonanza-grade pods along high-grade feeder structures scattered throughout the entire mineralized footprint.  Looking forward in 2024, our drills will keep turning, and we eagerly await what comes next for the project.”