Nevada King Gold (TSX-V: NKG)
Announced results from four vertical, reverse circulation (“RC”) holes and one vertical, PQ-diameter diamond core hole completed in the northern portion of the West Atlanta Graben Zone at its Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend, Nevada.
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Nevada King Atlanta Gold Mine
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| Nevada King | TSX.V: NKG |
| Stage | Exploration |
| Metals | Gold |
| Market cap | C41.27 @ 45cents per share |
| Location | Nevada, USA |
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NEVADA KING INTERCEPTS 4.51 G/T AU OVER 86.3M INCLUDING 7.77 G/T AU OVER 43M, FURTHER EXPANDS HIGH-GRADE ZONE 200M NORTH OF THE ATLANTA PIT
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Highlights:
Table 1: Highlight holes released on section 22N-17N(2). Mineralization occurs along near-horizontal horizons with true mineralized thicknesses estimated to be 85% to 95% of reported drill intercept length.*Denotes hole bottoming in mineralization.+Denotes core hole.
- Core hole AT23WS-23C.1 intercepted 4.51 g/t Au over 86.3m including 7.77 g/t Au over 48.6m and was collared 6m north of RC hole AT23WS-23, which intercepted 2.45 g/t Au over 102.1m, (released June 6, 2023). AT23WS-23C.1 was planned to provide metallurgical material for the ongoing Phase II test work program, as well as to verify the RC drilling.
- AT23WS-34 (1.74 g/t Au over 114.3m) located 82m to the southeast; and
- AT23WS-56 (1.55 g/t Au over 94.5m) located 108m southeast.
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Cal Herron, Exploration Manager of Nevada King, stated,
“The Company’s multiple structure model continues to lead to thick, high-grade mineralized zones.
“In addition to following high-angle structures that served as loci for higher grade Au-Ag mineralization, Nevada King’s success at increasing both grade and thickness can also be attributed to achieving full penetration of the low-angle unconformity that hosts most of the mineralization at Atlanta.
“The occurrence of two separate, sub-horizontal high-grade horizons as illustrated in Table 4 is replicated throughout the Atlanta system but is most often observed in the WAFZ where the deeper high-grade occurs in the carbonate section at or directly above the unconformable basement contact, while the shallower high-grade is hosted in the volcanic sequence above the unconformity.
“Higher grade and thicker intercepts occur close to feeder structures controlling the mineralization, as seen in AT23WS-23C.1, while grades decrease and thin laterally away from the feeders as seen in AT23WS-23.”
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To read the full news release please click HERE
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Live spot metal prices can be found HERE
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Disclosure
At the time of writing the author does not hold shares in Nevada KIng Gold Corp.
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