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Nevada King Gold Corp V.NKG

Alternate Symbol(s):  NKGFF

Nevada King Gold Corp. is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada, United States. The Company’s Atlanta project includes the Atlanta Gold Mine, which is located in the northern portion of Lincoln County, Nevada and is approximately 264 kilometers northeast of Las Vegas, Nevada, and is part of the prolific gold producing Battle Mountain Trend. The project consists of 12 patented and 1560 unpatented mineral lode claims, totaling approximately 12,700 hectares (ha), held 100% by Desert Hawk. The Atlanta project is well situated with regard to physical infrastructure. Prior to mining operations at the site, they established an open pit mine, a tailings dam, a mill and processing area, and a surface impoundment area. It also holds an option to purchase a 100% undivided interest in the property known as the Silver Park property. Silver Park is located within the Atlanta Project boundary, and totals about 24 ha.


TSXV:NKG - Post by User

Comment by triclopson Feb 05, 2023 2:31pm
183 Views
Post# 35267786

RE:nkg

RE:nkg

The problem with the oxide ore at Atlanta is that most of it is tied up in silica. In order to recover the gold when they were mining it in the 70s and 80s they had to mill it. Even then it only recovered about 80%. It won't heap leach. These problems were widely known when Meadow Bay Gold had the property and was one of the reasons it took so long to find somebody to buy it. The grades look good in a press release but until gold breaks $3000/ounce those ounce are going to stay where they are.

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