Nevada King Gold Corp V.NKG

Drilling soon!

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• 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.