Nevada King Gold drills 2.58 g/t gold over 29.3 metres from surface at East Ridge Target, Atlanta Gold Mine Project, Nevada
Nevada King Gold Corp. [TSXV: NKG; OTCQX: NKGFF] provided drill results from its Rotary Air Blast (RAB) reconnaissance exploration program at its East Ridge Target (ERT), located immediately east of the Atlanta pit at its 100%-owned, 130km2 Atlanta Gold Mine Project in eastern Nevada.
Drilling in this area has a dual purpose, to grow resource ounces and to identify above cutoff grade mineralization in material that would otherwise be classified as waste rock in future resource pit models. The Company is also releasing RAB drill results from its Silver Park Target, located ~2km west of the Atlanta pit, which continues to identify near surface, oxide mineralization.
The RAB drilling campaign is additional to the ongoing 40,000-metre Reverse Circulation (RC) drill program, serving as a rapid, cost-effective tool to test targets down to a maximum depth of 30 metres. Because RAB drilling is limited to that depth, intervals reported as bottoming in mineralization ended at the limit of the drill rig, and the extent of mineralization below those depths is not known.
The company will follow up on these RAB results with deeper RC drilling to evaluate the vertical and lateral continuity of the mineralized systems.
Highlight near-surface oxide gold results from RAB drilling at the East Ridge Target: Hole AT26ERB-70 intersected 2.58 g/t Au over 29.3 metres starting at surface and bottoming in mineralization.
Hole AT26ERB-63 intersected 1.04 g/t Au over 26.8 metres starting at surface.
Hole AT26ERB-62 intersected 0.47 g/t Au over 29.3 metres starting at surface and bottoming in mineralization.
Highlight near-surface oxide gold results from RAB drilling at the Silver Park Target: Hole AT26SPB-78 intersected 0.46g/t Au over 14.6 metres starting at 14.6 metres depth and bottoming in mineralization.
Hole AT26SPB-85 intersected 0.30g/t Au over 17.1 metres starting at 12.2 metres depth and bottoming in mineralization.
Justin Daley, VP Exploration of Nevada King, commented: “Hole AT26ERB-70 returning 2.58 g/t over 29.3 metres from surface and ending in mineralization is our best RAB intercept at East Ridge to date on a grade-thickness basis, and it sits immediately east of the Atlanta pit. Results like these are not visible from mapping and sampling along mineralized trends at surface yet reveal the potential of the zone.
“At Silver Park, roughly 2km west of the pit, the RAB continues to identify near-surface oxide gold, further demonstrating the potential for additional shallow mineralization across Atlanta. We look forward to testing and delineating both areas at depth with the RC rig.”
Refer to original press release for complete drill results.
Nevada King is focused on advancing and growing its 100%-owned, past producing, 130km2 Atlanta Gold Mine Project located along the Battle Mountain trend in southeast Nevada. The project hosts an NI 43-101 compliant pit-constrained oxide resource of 1,020koz Au in the measured and indicated category (27.7M tonnes at 1.14 g/t) plus an inferred resource of 99koz Au (3.6M tonnes at 0.84 g/t) based on US$2,200/oz Au and US$25/oz Ag.
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