Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Zone |
AT23WS-38 | 327.7 | 378.0 | 50.3 | 0.97 | 5.2 | WAGZ |
AT23NS-107 | 266.8 | 306.4 | 39.6 | 1.15 | 16.4 | WAGZ |
AT23NS-166 | 158.5 | 182.9 | 24.4 | 1.93 | 51.3 | AMFZ |
AT23NS-044 | 100.6 | 123.5 | 22.9 | 2.39 | 48.0 | AMFZ |
AT23NS-128 | 79.3 | 125.0 | 45.7 | 1.12 | 58.8 | AMFZ |
AT23NS-122 | 19.8 | 77.7 | 57.9 | 1.43 | 24.0 | AMFZ |
Table 1. Holes released today along Section 11N(2). Mineralization occurs along near-horizontal horizons with true mineralized thickness in vertical holes estimated to be 85% to 95% of reported drill intercept length.
- Four of today's holes crossed the
Atlanta Mine Fault Zone ("AMFZ") and were collared to fill-in drill pattern gaps and better define feeder faults. Good lateral continuity in mineralization is present, with gold and silver grades ranging from 1.12 g/t Au to 2.39 g/t Au and 24.0 g/t to 58.8 g/t Ag, while true thicknesses range from 22.9m to 57.9m. Mineralization within individual fault blocks are being better defined with closely-spaced holes, thus adding definition to the grade distribution and highlighting the importance of high-angle faults that generally localize higher grade and thicker mineralization. - AT23NS-107 (39.6m @ 1.15 g/t Au) was a 17m step out to the south from previously released AT23NS-106 (41.2m @ 0.84 g/t Au) to test for lateral continuity of grade and thickness within the same fault block. These intercepts exhibit close agreement in grade, thickness, and intercept depth, adding confidence to our understanding of the structural controls on the mineralization.
- Sited in the western portion of the
West Atlanta Graben Zone ("WAGZ"), hole AT23WS-38 (50.3m @ 0.97 g/t Au) stepped out 40m westward from previously released AT23WS-26 (30.5m @ 0.33 g/t Au) and shows a three-fold increase in grade over a thicker interval, approaching the West Atlanta Fault #2. Historical core holeDHRI -11-NRC5 is located approximately 15m east of AT23WS-38 and intercepted 1.61 g/t Au over 61m, and illustrates the variability in grade within the mineralized porphyritic dacite intrusive unit where grade is more structurally controlled compared to other portions of the resource zone.
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT22NS-40 | 15.2 | 79.3 | 64.1 | 1.45 | 32.7 |
AT22NS-42 | 61.0 | 80.8 | 19.8 | 1.82 | 31.0 |
AT22NS-45 | 70.1 | 106.7 | 36.6 | 1.35 | 34.7 |
AT22NS-92 | 181.4 | 231.7 | 50.3 | 1.07 | 64.0 |
AT22NS-95 | 129.6 | 155.5 | 25.9 | 1.63 | 67.3 |
AT23NS-106 | 268.3 | 309.5 | 41.2 | 0.84 | 14.1 |
AT23WS-24 | 324.7 | 376.5 | 51.8 | 1.79 | 21.1 |
AT23WS-26 | 306.4 | 336.9 | 30.5 | 0.33 | 3.2 |
AT21-61 | 3 | 36.6 | 33.6 | 0.60 | 16.7 |
Table 2. Previously reported holes used along updated Section 22-11N(2). AT22 series holes were drilled by Nevada King in 2022 and the AT21 series holes were drilled in 2021. True thickness of gold mineralization interpreted in today's release is 90% to 100% of the reported intercept length in vertical holes.
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
312.5 | 373.5 | 61.0 | 1.61 | 9.09 |
Table 3. Historical hole used in updated Section 22-11N(2).
All RC samples from the
The scientific and technical information in this news release has been reviewed and approved by
Nevada King is the third largest mineral claim holder in the
Resource Category | Tonnes (000s) | Au (ppm) | Contained Au | (ppm) | Contained Ag |
Measured | 4,130 | 1.51 | 200,000 | 14.0 | 1,860,000 |
Indicated | 6,910 | 1.17 | 260,000 | 10.6 | 2,360,000 |
Measured + Indicated | 11,000 | 1.30 | 460,000 | 11.9 | 4,220,000 |
Inferred | 5,310 | 0.83 | 142,000 | 7.3 | 1,240,000 |
Table 4. NI 43-101 Mineral Resources at the
Please see the Company's website at www.nevadaking.ca.
Neither the
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Nevada King, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans and the Company's ability to potentially expand mineral resources and the impact thereon. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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