Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT23NS-70 | 80.8 | 108.2 | 27.4 | 4.96 | 49.3 | |
AT23NS-131A* | 118.9 | 193.6 | 74.7 | 2.33 | 23.9 | Bottomed in Mineralization |
AT23HG-29 | 286.6 | 309.5 | 22.9 | 2.05 | 31.9 | |
Includes | 303.4 | 304.9 | 1.5 | 11.79 | 65.0 | |
AT23HG-31 | 176.8 | 207.3 | 30.5 | 0.60 | -0.5 | |
And | 237.8 | 245.4 | 7.6 | 1.02 | 95.5 | |
And | 257.6 | 294.2 | 36.6 | 0.78 | 26.4 | |
Aggregate | 176.8 | 294.2 | 74.7 | 0.73 | 22.7 | |
AT23WS-36 | 242.4 | 335.4 | 93.0 | 0.54 | 7.6 |
Table 1. Highlight holes released today. Mineralization occurs along near-horizontal horizons with true mineralized |
- 4.96 g/t Au over 27.4m in AT23NS-70 is hosted within silicified breccia and adjacent porphyritic rhyolitic breccia dikes/sills. Mineralizing fluids are interpreted to have channeled upward through the Paleozoic quartzite and dolomite into the silica breccia horizon at the Tertiary-age unconformity which hosts much of the mineralization at
Atlanta (see Figure 2). - Higher Au-Ag grades are frequently found in the silica breccia proximal to these tuff dikes further north and south along the
Atlanta King Fault ("AKF"). The higher grade in AT23NS-70 relative to adjacent holes illustrates the importance of drill-testing structural feeders, while the location, dip, and displacement on the AKF are now firmly established in this portion of the resource zone. - 2.33 g/t Au over 74.7m in angle hole AT23NS-131A adds better definition to the fault displacement and top of the mineralized zone within the 25m-wide high grade wedge that occurs along the west side of the East Atlanta Fault. Gold grade appears to be uniformly distributed within this structural wedge, although holes drilled closer to the East Atlanta Fault, such as previously released vertical hole AT21-62 (54.9m @ 5.3 g/t Au) do exhibit higher grade where interesecting major feeder structures.
- Holes AT23HG-31 (74.7m @ 0.73 g/t Au), AT23HG-29 (22.9m @ 2.05 g/t Au), and AT23WS-36 (93m @ 0.54 g/t Au) stepped westward from the WAF into the middle of the WAGZ where grade progressively decreases westward. However, as shown in Figure 2, historical core hole DRHI-11-11C (153.9m @ 0.57 g/t Au) was drilled west of the West Atlanta Fault #2 ("WAF2"), which bounds the western margin of the WAGZ, and intersected a very long mineralized interval at a grade very close to that in AT23WS-36. There is a good possibility that the thick mineralization in DRHI-11-11C was sourced from the WAF2, so pads are currently being prepared to drill the 115m gap separating these two holes in anticipation of encountering higher grade closer to the WAF2.
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT23WS-36 | 242.4 | 335.4 | 93.0 | 0.54 | 7.6 | |
AT23HG-29 | 286.6 | 309.5 | 22.9 | 2.05 | 31.9 | |
Includes | 303.4 | 304.9 | 1.5 | 11.79 | 65.0 | |
AT23HG-31 | 176.8 | 207.3 | 30.5 | 0.60 | -0.5 | |
And | 237.8 | 245.4 | 7.6 | 1.02 | 95.5 | |
And | 257.6 | 294.2 | 36.6 | 0.78 | 26.4 | |
Aggregate | 176.8 | 294.2 | 74.7 | 0.73 | 22.7 | |
AT23NS-70 | 80.8 | 108.2 | 27.4 | 4.96 | 49.3 | |
AT23NS-131A* | 118.9 | 193.6 | 74.7 | 2.33 | 23.9 | Bottomed in Mineralization |
AT23NS-133G | 97.6 | 126.5 | 29.0 | 1.46 | 23.9 | |
AT23ET-8 | 0.0 | 77.7 | 77.7 | <0.07 | <0.5 |
Table 2. All Nevada King RC holes along Section 22-8N(2) released today. Mineralization occurs along near-horizontal |
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT22HG-2T | 176.8 | 191.8 | 14.9 | 0.65 | <0.5 | |
and | 232.9 | 241.8 | 8.8 | 4.64 | 154.1 | |
and | 256.1 | 264.9 | 8.8 | 1.72 | 40.4 | Bottomed in Mineralization |
Aggregate | 176.8 | 264.9 | 32.5 | 2.02 | 82.1 | |
AT22HG-20 | 207.3 | 240.9 | 33.5 | 3.43 | 125.7 | |
includes | 233.2 | 239.3 | 6.1 | 10.09 | 284 | |
AT22NS-53 | 157.0 | 224.1 | 67.1 | 2.88 | 52.0 | |
includes | 205.8 | 218.0 | 12.2 | 11.12 | 122.1 | |
AT22NS-51 | 89.9 | 109.8 | 19.8 | 2.92 | 61.5 | |
includes | 93.0 | 102.1 | 9.1 | 4.85 | 96.2 | |
AT22NS-71 | 36.6 | 88.4 | 51.8 | 2.95 | 79.5 | |
includes | 54.9 | 68.6 | 13.7 | 5.90 | 164 | |
AT22NS-60 | 0.0 | 30.5 | 30.5 | <0.20 | <0.5 | |
AT22NS-61 | 0.0 | 18.3 | 18.3 | <0.10 | <0.5 | |
AT22NS-61A* | 6.1 | 57.9 | 51.8 | 2.23 | 59 | Bottomed in Mineralization |
includes | 22.9 | 27.4 | 4.6 | 5.95 | 20.1 | |
AT22NS-72 | 0.0 | 76.2 | 76.2 | <0.05 | <0.5 | |
AT21-062 | 9.1 | 68.6 | 54.9 | 5.34 | 27.3 | |
AT21-038 | 0.0 | 32.0 | 32 | 0.59 | 16.7 | |
AT21-038A* | 0.0 | 36.6 | 36.6 | 0.65 | 10.9 |
Table 3. All Nevada King holes previously released along Section 22-8N(2). Mineralization occurs along near-horizontal |
Hole No. | From | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
257.6 | 263.7 | 6.1 | 0.07 | 7.8 | |
266.8 | 420.7 | 153.9 | 0.569 | 17.4 | |
KR97-7* | 211.9 | 245.4 | 33.5 | 2.6 | 59.6 |
KR97-6* | 179.9 | 214.9 | 35.1 | 4.3 | 61.8 |
KR97-5* | 164.6 | 211.9 | 47.3 | 1.9 | 43.3 |
KR97-15* | 152.4 | 190.5 | 38.1 | 6.7 | 52.8 |
GC96-1* | 0 | 18.3 | 18.3 | 0.47 | 3.5 |
GC96-2* | 0 | 13.7 | 13.7 | 0.92 | 3.7 |
AR-30 | 0 | 41.2 | 41.2 | 0.41 | 13.4 |
AR-31* | 0 | 10.7 | 10.7 | 2.03 | 12.1 |
AR-23 | 0 | 18.3 | 18.3 | 0.343 | 15.6 |
Table 4. Historical holes used in Section 22-8N(2). Mineralization occurs along near-horizontal horizons with true |
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) | (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 5. 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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