NEVADA KING INTERCEPTS 0.83 G/T AUEQ OVER 67 METERS WITH 260M STEP OUT AT SILVER PARK; MINERALIZATION NOW IDENTIFIED IN ALL 3 PRIMARY REGIONAL EXPLORATION AREAS

Core Insights - Nevada King Gold Corp. has reported significant gold and silver mineralization from its Phase III drilling program in the Atlanta District, indicating strong potential for discovering new deposits [2][4][5]. Exploration Highlights - The drilling at Silver Park East (SPE) revealed the highest-grade hole outside the Atlanta Resource Zone (ARZ), with hole AT25SP-32 intercepting 0.83 g/t AuEq over 67.1 meters [4][5]. - Gold mineralization has been identified over a 750-meter length at SPE, with mineralization starting at the Tertiary-Paleozoic unconformity and extending into dolomitic basement rock [5][6]. - At Atlanta South, hole AT24QR-16 encountered 0.16 g/t Au over 48.7 meters, marking the first significant gold mineralization found in the Pogonip Limestone at Atlanta [9][10]. - Drilling at Atlanta North revealed 0.28 g/t Au over 36.6 meters in hole AT25FN-6, indicating a large untested gap along the mineralizing West Atlanta Fault [12][13]. Geological Insights - The presence of a significant hydrothermal system at Atlanta is suggested by the widely spaced distribution of mineralized holes and the continuity of low-grade blanket mineralization [3][4]. - The geological similarity between the mineralization at SPE and the ARZ supports the potential for finding additional ARZ-type deposits in the region [4][7]. - The identification of arsenic as a key tracer element for gold mineralization in the Atlanta District enhances the prospectivity for discovering Carlin-type deposits [9][10]. Future Exploration Plans - The company plans to continue drilling in the Atlanta North and Jumbo target zones, focusing on areas with potential for higher-grade mineralization [13][22]. - Upcoming drilling will target the continuation of unconformity-style mineralization along the Paleozoic contact, similar to that found in the ARZ and SPE [15][22]. - The exploration strategy will also include evaluating the structural and hydrological environments necessary for forming deposits, particularly in the context of the graben model [22][19]. Resource Estimates - The Atlanta Gold Mine project hosts an NI 43-101 compliant pit-constrained oxide resource of 1,020,000 ounces of gold in the measured and indicated category, plus an inferred resource of 99,000 ounces [27][28].