Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Zone |
AT23NS-131B* | 105.2 | 154.0 | 48.8 | 1.80 | 13.5 | AMFZ |
AT23NS-133* | 102.1 | 125.0 | 22.9 | 2.38 | 24.1 | AMFZ |
AT23NS-133C* | 86.9 | 118.9 | 32.0 | 2.51 | 34.8 | AMFZ |
AT23NS-168* | 80.8 | 157.0 | 76.2 | 1.41 | 38.8 | AMFZ |
AT23NS-167A* | 61.0 | 114.3 | 53.4 | 1.86 | 34.1 | AMFZ |
AT23WS-50 | 234.8 | 303.4 | 68.6 | 0.34 | 0.6 | WAGZ |
Table 1. Holes released today along Section 6N(4). Mineralization occurs along near-horizontal horizons with true mineralized thickness in vertical holes estimated to be 85% to 95% of reported drill intercept length. True mineralized thickness in angle holes estimated to be 75% to 90% of reported intercept length. *Denotes angle hole. |
- These six holes concentrated on in-filling a sizeable information gap at the southwest corner of the historical pit along the
Atlanta Mine Fault Zone ("AMFZ"). Both southward and northward directed angle holes successfully tied mineralization to adjacent Sections 22-5N and 22-7N by bridging across a large pit collapse zone that has prevented vertical drilling within this part of the resource area since cessation of mining in 1985. This gap is quite apparent in Figure 1 where the angle hole traces are shown in red bridging across it from collar locations on lines 22-4N and 22-8N. - Intercepts across this previously untested, approximately 100m-wide zone range in grade from 4.91 g/t Au and 41.4 g/t Ag to 1.41 g/t Au and 13.5 g/t Ag, with estimated true thicknesses ranging from 21m to 52m. Highlight intervals in this segment include 4.91 g/t Au and 41.4 g/t Ag over 39.6m in AT23NS-131C (previously released
January 9, 2024 ), 1.41 g/t Au and 38.8 g/t Ag over 76.2m in AT23NS-168 and 1.86 g/t Au and 34.1 g/t Ag over 53.4m in AT23NS-167A. - On the west side of the West Atlanta Graben Zone ("WAGZ"), AT23WS-50 returned 68.6m grading 0.343 g/t Au, indicating a drop in grade west of the West Atlanta Fault #2 ("WAF2"), currently considered to be the western margin of the WAGZ. For reference, previously released AT23WS-39 is located 30m to the east on the opposite side of the WAF2 and intersected 91.5m of 0.96 g/t Au.
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT22HG-16 | 163.1 | 292.7 | 129.6 | 1.21 | 2.7 |
AT22HG-17 | 146.3 | 311.0 | 165.5 | 0.92 | 3.0 |
AT22HG-19 | 155.5 | 233.2 | 77.7 | 1.92 | 28.1 |
AT22NS-68+ | 134.1 | 163.1 | 29.0 | 4.03 | 21.2 |
AT23WS-35 | 201.2 | 315.5 | 114.3 | 1.58 | 3.7 |
AT23WS-39 | 224.1 | 315.5 | 91.5 | 0.96 | 3.9 |
AT23HG-30 | 169.2 | 269.8 | 100.6 | 3.39 | 9.6 |
AT23HG-28 | 150.9 | 224.1 | 73.2 | 2.67 | 13.6 |
AT23HG-22 | 181.4 | 323.2 | 141.8 | 0.55 | 4.0 |
AT22SE-4 | 146.3 | 327.7 | 181.4 | 1.03 | 3.8 |
AT22SE-42 | 122.0 | 318.6 | 163.1 | 0.98 | 2.5 |
AT23HG-24 | 247.0 | 324.7 | 77.7 | 1.14 | 4.0 |
AT22RC-11 | 0 | 33.5 | 33.5 | 1.28 | 0.5 |
AT23NS-131C* | 132.6 | 172.3 | 39.6 | 4.91 | 41.4 |
Table 2. Previously reported holes used along updated Section 22-6N(4). AT22 series holes were drilled by Nevada King in 2022 and the AT21 series holes were drilled in 2021. True thickness of gold mineralization interpreted in today's release is 90% to 100% of the reported intercept length in vertical holes. True mineralized thickness in angle holes estimated to be 75% to 90% of reported intercept length. +Denotes core hole. *Denotes angle hole. |
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All RC samples from the
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
Nevada King is the third largest mineral claim holder in the
Resource Category | Tonnes (000s) | Au (ppm) | Contained Au | (ppm) | Contained Ag |
Measured | 4,130 | 1.51 | 200,000 | 14.0 | 1,860,000 |
Indicated | 6,910 | 1.17 | 260,000 | 10.6 | 2,360,000 |
Measured + Indicated | 11,000 | 1.30 | 460,000 | 11.9 | 4,220,000 |
Inferred | 5,310 | 0.83 | 142,000 | 7.3 | 1,240,000 |
Table 3. NI 43-101 Mineral Resources at the |
Please see the Company's website at www.nevadaking.ca.
Neither the
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Nevada King, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans and the Company's ability to potentially expand mineral resources and the impact thereon. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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