Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Zone |
AT22SE-16A | 176.8 | 320.1 | 93.0 | 1.62 | 6.7 | WAGZ |
AT23HG-27 | 193.6 | 256.1 | 62.5 | 1.78 | 3.7 | WAGZ |
AT23WS-51 | 158.5 | 160.1 | 1.5 | 0.56 | 0.0 | WAGZ |
AT23NS-131* | 103.7 | 141.8 | 38.1 | 1.98 | 6.3 | AMFZ |
AT23NS-167* | 56.4 | 99.1 | 42.7 | 1.19 | 36.4 | AMFZ |
AT23NS-167B* | 50.3 | 71.6 | 21.3 | 1.35 | 40.6 | AMFZ |
Table 1. Holes released today along Section 23-5N(3). Mineralization occurs along near-horizontal horizons with true mineralized thickness in vertical holes estimated to be 85% to 95% of reported drill intercept length. True mineralized thickness in angle holes estimated to be 75% to 90% of reported intercept length. *Denotes angle hole. |
- 1.98 g/t Au over 38.1m in AT23NS-131, 1.19 g/t Au over 42.7m in AT23NS-167, and 1.35 g/t Au over 21.3m in AT23NS-167B were intercepted in a series of northward-directed angle holes sited along the eastern margin of the
Atlanta Mine Fault Zone ("AMFZ") to test a 100m-wide gap in drill coverage at the southwestern corner of the historicalAtlanta open pit. These intercepts continue to demonstrate good lateral continuity of mineralization in this area. - 1.62 g/t Au over 93.0m in AT22SE-16A and 1.78 g/t Au over 62.5m in AT23HG-27 were sited within the
West Atlanta Graben Zone ("WAGZ") to fill in gaps that were present, with both holes displaying good continuity of grade and thickness moving eastward toward the West Atlanta Fault. - AT23WS-51 was also sited within the WAGZ but did not encounter significant gold values, effectively bounding the WAGZ mineralization on its southwestern margin along this portion of the system. Strong mineralization is still seen in holes located southeast of AT23WS-51 moving toward the South Quartzite
Ridge Target , and the Company intends to target potential extensions of mineralization south of AT22SE-16A and AT23HG-27 in its drilling over the coming months.
"The three holes drilled across the WAGZ were sited to infill gaps in the existing drill pattern, and in the case of AT22SE-16A (1.62 g/t Au over 93.0m), mineralization was extended 20m further south from Nevada King's previously released hole AT22HG-16 (1.21 g/t Au over 129.6m) reported to the north along line 22-6N (released
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23HG-21 | 149.4 | 219.5 | 70.1 | 3.18 | 20.8 |
AT22HG-13 | 109.8 | 192.1 | 82.3 | 3.60 | 11.0 |
AT22NS-69 | 89.9 | 135.7 | 45.7 | 1.57 | 8.5 |
AT22NS-80 | 80.8 | 129.6 | 48.8 | 1.37 | 6.6 |
AT22NS-82 | 102.1 | 128.0 | 25.9 | 2.71 | 6.1 |
AT22HG-8T | 135.7 | 278.7 | 89.3 | 2.74 | 3.0 |
AT22SE-42 | 122.0 | 318.6 | 163.1 | 0.98 | 2.5 |
AT21-41B* | 38.1 | 73.2 | 35 | 1.17 | 9.5 |
AT21-42A* | 18.3 | 50.3 | 32 | 0.80 | 5.9 |
AT21-43A* | 19.8 | 33.5 | 13.7 | 1.9 | 18.6 |
AT22RC-11 | 0.0 | 33.5 | 33.5 | 1.28 | 0.5 |
AT22RC-12* | 0 | 57.9 | 57.9 | 1.38 | 14.0 |
ARC-5 | 131.1 | 202.7 | 71.6 | 2.97 | 11.1 |
ARC-1 | 176.5 | 289.9 | 113.4 | 2.11 | 10.8 |
AR-18 | 221 | 257.6 | 36.6 | 0.53 | 1.9 |
Table 2. Previously reported and historical holes used along updated Section 22-5N(3). AT22 series holes were drilled by Nevada King in 2022 and the AT21 series holes were drilled in 2021. ARC and AR series holes drilled by Goldfields in 1990. True thickness of gold mineralization interpreted in today's release is 90% to 100% of the reported intercept length in vertical holes. True mineralized thickness in angle holes estimated to be 75% to 90% of reported intercept length. |
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 3. 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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