Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT23NS-174+ | 117.4 | 186.0 | 68.6 | 6.90 | 93.7 | Angle hole: -82.5o dip |
Includes | 166.2 | 176.8 | 10.7 | 19.20 | 41.7 | |
AT23NS-174A+ | 118.9 | 196.6 | 77.7 | 4.90 | 75.0 | Angle hole: -83odip |
Includes | 169.2 | 172.3 | 3.0 | 19.35 | 190 | |
AT23NS-161 | 106.7 | 157.0 | 50.3 | 1.93 | 32.0 | Bottomed in Mineralization |
AT23NS-162 | 109.8 | 146.3 | 36.6 | 3.44 | 116.0 | |
AT23NS-163 | 120.4 | 147.9 | 27.4 | 1.25 | 59.3 |
Table 1. All holes released today. True mineralized thicknesses have yet to be determined for AT23NS-174, AT23NS-174A, and AT23NS-161, whereas true mineralized thickness in AT23NS-162 and 163 are estimated to be 90% to 100% of the reported intercept length. +Denotes angle hole. |
- Two of today's holes were angle holes that were sited to follow up on the very high-grade intercept of 6.55 g/t Au and 100.8 g/t Ag over 82.3m, including 26.71 g/t Au over 12.2m encountered in angle hole AT23NS-133F, which represents the third most gold rich intercept so far recorded at
Atlanta (releasedNovember 14, 2023 ). Today's two follow up holes successfully crossed the same high-grade structure, intercepting 6.9 g/t Au and 93.7 g/t Ag over 68.6m including 19.2 g/t Au over 10.7m in AT23NS-174 and 4.9 g/t Au and 75.0 g/t Ag over 77.7m including 19.35 g/t Au over 3.0m in AT23NS-174A. - Collectively, these three steeply dipping angle holes define a high-angle west-dipping high-grade vein-like structure hosted within the hanging wall of the West Atlanta Fault (Figure 2). High grade (>5 g/t Au) mineralization occurs within a hydrothermal breccia zone 5m to 8m thick that cuts up through a 50m-wide rhyolite to quartz latite composition dike sandwiched between the
West Atlanta andWest Atlanta #1 Faults. Very high-grade mineralization (>20 g/t Au) is concentrated along the contact between the breccia and intrusive within a boiling zone that coincides with a sharp upward inflection in the contact's dip. - There appears to be about 30m of vertical extent to this very high-grade zone that is characterized by a very vuggy, strongly silicified heterolithic breccia infilled by iron oxides, clay, and barite. Lower grade mineralization spreads out laterally from the high-grade feeder zone into adjacent dike and felsic tuff hosts, as indicated by intercepts plotted around this high-grade zone (see Figure 3). We also see the high-grade zone flattening westward in Figure 2 where it was encountered in previously released holes AT23NS-53 (11.12 g/t Au over 12.2m, released
February 1, 2023 ) and AT22HG-20 (10.09 g/t Au over 6.1m, releasedFebruary 1, 2023 ). This high-grade "tail" that flattens at depth away from the very high-grade zone is seen in numerous holes throughout theAtlanta deposit and may be the best guide for vectoring into additional concentrations of high-grade mineralization. - For the first time, Nevada King now has direct confirmation of a high-angle feeder structure, which in itself strongly supports the Company's new geological model for the mineralization at
Atlanta . In terms of size, shape, and depth, the Company will now use this new understanding of high-angle, high-grade feeders to more confidently pursue potential high-grade zones hosted elsewhere throughout the deposit, looking for combinations of high-grade intercepts most likely to vector into discreet areas where close-spaced drilling may encounter and define additional high-grade bodies possessing potential for significantly upgrading these various portions of the resource zone. - As shown on Figure 3, two other prospective feeder zones are outlined in blue to the southeast and east of AT23NS-174. Angle hole AT23NS-131C (4.91 g/t Au over 39.6m, released
January 9, 2024 ) and vertical hole AT22NS-68 (4.03 g/t Au over 29m including 10.03 g/t Au over 3m, releasedJanuary 6, 2023 ) are considerably higher grade than the surrounding holes, so we now suspect there is another feeder structure in close proximity to these holes. In similar manner, vertical hole AT21-63 (3.95 g/t Au over 41.2m includes 9.23 g/t Au over 9.1m, releasedJanuary 20, 2022 ) and angle hole AT22NS-61A (2.23 g/t Au over 51.8m includes 5.95 g/t Au over 4.6m near top of intercept, releasedOctober 18, 2022 ) also exhibit evidence of proximity to a high-grade feeder along the East Atlanta Fault. - The three vertical holes released today tested and successfully filled in gaps in the current drill pattern along the footwall side of the WAF (Figure 1) and intercepted 1.93 g/t Au over 50.3m, 3.44 g/t Au over 36.6m, and 1.25 g/t Au over 27.4.
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT23NS-133F+ | 117.4 | 199.7 | 82.3 | 6.55 | 100.8 | |
includes | 184.5 | 196.6 | 12.2 | 26.71 | 89.3 | |
AT23NS-133G+ | 97.6 | 126.5 | 29.0 | 1.46 | 23.9 | |
AT22NS-53 | 157.0 | 224.1 | 67.1 | 2.88 | 52.0 | |
Includes | 205.8 | 218.0 | 12.2 | 11.12 | 122.1 | |
AT22NS-54 | 170.7 | 216.5 | 45.7 | 4.21 | 79.6 | |
Includes | 173.8 | 199.7 | 25.9 | 5.40 | 113.8 | |
AT22NS-61A+ | 6.1 | 57.9 | 51.8 | 2.23 | 59.0 | Bottomed in mineralization |
Includes | 22.9 | 27.4 | 4.6 | 5.95 | 20.1 | |
AT22NS-68 | 134.1 | 163.1 | 29.0 | 4.03 | 21.2 | |
Includes | 157.0 | 160.1 | 3.0 | 10.03 | 18.5 | |
AT21-63 | 7.6 | 48.8 | 41.2 | 3.94 | 27.3 | |
includes | 38.1 | 47.3 | 9.1 | 9.23 | 24.3 | Bottomed in mineralization |
AT23NS-131C+ | 132.6 | 172.3 | 39.6 | 4.91 | 41.4 | |
includes | 157.0 | 160.1 | 3.0 | 10.03 | 18.5 | |
AT22HG-20 | 207.3 | 240.9 | 33.5 | 3.43 | 125.7 | |
Includes | 233.2 | 239.3 | 6.1 | 10.09 | 284 | |
AT23HG-31 | 176.8 | 294.2 | 74.7 | 0.73 | 22.7 | |
AT22NS-51 | 89.9 | 109.8 | 19.8 | 2.92 | 61.5 | |
Includes | 93.0 | 102.1 | 9.1 | 4.85 | 96 | |
AT23NS-70 | 80.8 | 108.2 | 27.4 | 4.96 | 49.3 | |
AT22NS-71 | 36.6 | 88.4 | 51.8 | 2.95 | 79.5 | |
includes | 54.9 | 68.6 | 13.7 | 5.90 | 164 |
Table 2. All holes previously reported by Nevada King shown on Figure 2 and referenced within the text of this release. Mineralization generally occurs along near-horizontal horizons with true mineralized thicknesses in vertical holes estimated to be 85% to 100% of reported drill intercept length, while true mineralized thickness in the angle holes is currently unclear. +Denotes angle hole. |
All RC samples from the
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) | (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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/nevada-king-intercepts-19-2-gt-au-over-10-7m-within-6-9-gt-au-over-68-6m--19-3-gt-au-over-3-0m-within-4-9-gt-over-77-7m-at-atlanta-expands-near-surface-high-grade-jewelry-box-zone-302054049.html
SOURCE
© Canada Newswire, source