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 smallcinvestoron Sep 24, 2024 11:14am

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Post# 36238341

Drilling soon!

Today's high priorityregional targets occur where intrusive bodies coincide with major basement faults potentially responsible for channeling gold-bearing fluids up toward the paleo-surface (Figure 3-8. These targets are buried, covered by barren massive dolomite, post-mineral volcanics, and alluvium. Three of the targets have never been drill-tested, while the other two have a few shallow (<180m) historical holes. A more detailed description of each of the targets can be found in the Target Description section below.

Over the past months, the Company has announced three new discoveries located near the Atlanta resource zone that were made based in large part on CSAMT signatures – the East Ridge Target (July 16, 2024), the South Quartzite Ridge Target with 6.28 g/t Au over 54.9m (July 23, 2024), and the Wild West Zone with 4.67 g/t Au over 42.7m (August 19, 2024).
These back-to-back discoveries demonstrate the effectiveness of CSAMT in making new discoveries at Atlanta and offer fresh insights into the geophysical signatures associated with these major gold occurrence types, which will guide regional targeting to help predict what type of mineralization might be present in a given target area, what to look for in drill cuttings and sample geochemistry, and how best to vector towards mineralized centers.
The Company is planning a Phase III regional drilling program designed to test the five regional targets outlined in today's release, as well as other similar anomalies located south and west of the Atlanta resource zone. Further details of the program will be released in the coming weeks. BLM (Bureau of Land Management) approval for this drilling program is currently pending.