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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

Post by geolteacheron Dec 28, 2023 9:24pm
235 Views
Post# 35803455

VERY NICE (Dec. 28) Yr End Presentation

VERY NICE (Dec. 28) Yr End Presentationthe graphics were redone from prior peresentations, and better explain the chronologic development of the project, and hint at a tremendous potential for a much greater MRE than that of the 2020 PEA.

slides #6 and #31 suggest that a take-out at 3x or more of current price is a reasonable expectation.

slides #27 and #28 suggest several other targets on the property and show a 5x7 km caldera, with the Atlanta Pit on one margin. 

slide #16 reminds us that the 2020 PEA assumed 1250USD gold price, and that ~75km of newer drilling need to be included in a new MRE and PEA. slide #4 lists some of the great drill hits since 2020 that will be included: twelve 2023-released hoes listed on slide #4 had metal factors averaging around 300.

slide #16 teases, "The Company anticipates providing guidance in the nearterm on a timeline for an updated resource estimate."

do you want to see an updated MRE soon -or after they drill some of the other targets mentioned on slide #28?  me, I want to see an updated MRE soon - this year.

hold onto your shares, i think this one's going somewhere!

Best wishes to all.

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