Nevada King Gold Corp V.NKG

Alternate Symbol(s): NKGFF

Metals & Mining Industrial Metals & Minerals

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.

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Nevada King Gold Corp

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Post by geolteacheron Sep 27, 2023 10:11pm

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Post# 35658421

waiting on Atlanta Mine MRE update

Anybody know when an MRE update for Atlanta is expected?

I just stumbled across NKG, it's interesting.

Positives:

Supposedly Mgmt. has made of 3.5$USD 'exit deals'.
No NSRs on 98% their properties, including Atlanta Mine.
They got power and water.
New MRE should be much improved:
- The 2020 MRE was at 1250USD gold; the update will be at much more.
- They've added ~35,000m drill info to incorporate into the update.
Distribution of shares looks good.

Concerns:

Cyanide leach results don't report the crush size.
So far the overall grade isn't so good.
Deposit looks to dip like 40-60 degrees, they gonna OP, or stope mine it at a grade of like 1.2 oz/tone?
Wish I could convert 12 g/t Ag into AuEQ; their presentation reports them Au & Ag separately. Anybody got that one?
Last reported $12M cash, how long will it last with drilling & expl on so many projects?
Will the updated Atlanta MRE be big enough to carry the company? Maybe they put the other projects into spin-off?
Stock only IPO'd like 2.5 years ago. Have all big exiters left?