Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23NS-144 | 100.6 | 125.0 | 24.4 | 1.98 | 0.4 |
AT23NS-155 | 146.3 | 193.6 | 47.3 | 2.57 | 4.4 |
Includes | 160.1 | 169.2 | 9.1 | 9.72 | 15.5 |
Table 1: Highlight holes released today. Mineralization occurs along near-horizontal horizons with true |
- Highlight interval of 9.72 g/t Au over 9.1m within 2.57 g/t Au over 47.3m is the best interval recorded to date within the North Extension Target ("NET"), a shallow, strongly oxidized gold zone located approximately 600m north of the
Atlanta pit that is not included within the 2020 National Instrument 43-101 ("NI 43-101") resource. - The NET formed along the northern extension of the
Atlanta Mine Fault Zone ("AMFZ") was originally identified by historical drilling, but intercepted grades and thicknesses were too low to maintain interest in the target. It was Nevada King's high-grade intercept of 8.26 g/t Au over 9.1m within 4.64 g/t Au over 18.3m in AT21-3 (November 22, 2021 ) that opened up the NET's potential, while later intercepts of 1.67 g/t Au over 24.4m in AT22NS-13 (November 23, 2022 ) and 1.83 g/t Au over 21.3m in AT22NS-15 (December 20, 2022 ) further expanded the higher-grade "core" mineralization localized along the AMFZ. - Today's drilling more than doubles the footprint of NET from the previously reported 175m N-S x 300m E-W (
December 20, 2022 ) to an area that now spans 330m N-S by 350m E-W (see Figure 1 below). - The 25 holes released today are plotted on eight separate cross sections together with 25 previously released Nevada King holes and 18 historical holes (Figures 3-10). Mineralization occurs along a gently west-dipping horizon developed at the contact between basal Ordovician age dolomite and overlying Tertiary age volcanics. This silicified contact is vertically displaced 60m to 80m across the northerly-trending AMFZ with the west side down, similar to what is seen all along the AMFZ.
- The highest grade intervals are found proximal to the AMFZ along a 50m-wide corridor centred on the fault zone, as demonstrated by previously released hole AT23NS-112 grading 4.08 g/t Au over 21.3m. Gold grades tend to gradually decrease westward and eastward from the AMFZ, although high-grade does occur outside of this corridor, including previously released hole AT23NS-109 grading 3.69 g/t Au over 13.7m, located 100m west of the AMFZ.
- The distribution of both grade and thickness for Nevada King's reported holes is shown in Figure 1 where the thicker, higher-grade mineralization is concentrated along the AMFZ and also along a WNW-trending fracture zone that intersects the AMFZ, where the highest grades are found. The gradual decrease in grade and thickness moving eastward from the AMFZ is evident, but to the west both thickness and grade remain fairly uniform from hole to hole over a large area, albeit at greater depth.
- The vector arrows in Figure 1 show the directions in which mineralization remains open around the NET. The east-directed vector is heading toward the still-to-be tested East
Ridge Target , while the other vectors indicate potential to the west and south. A 100m gap currently exists between the NET and the northern edge of the main resource zone, so the southerly-directed vectors indicate good potential for connecting these two mineralized zones together. The Company is currently drilling this gap and also expanding the drill pattern westward.
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23NS-134* | 94.5 | 128.0 | 33.5 | 0.19 | <0.5 |
AT23NS-135 | 99.1 | 125.0 | 25.9 | 0.20 | <0.5 |
AT23NS-136 | 79.3 | 99.1 | 19.8 | 0.46 | 0.5 |
AT23NS-137 | 44.2 | 53.4 | 9.1 | 0.21 | 4.0 |
And | 82.3 | 89.9 | 7.6 | 0.24 | <0.5 |
AT23NS-138 | 96.0 | 106.7 | 13.7 | 0.36 | 1.8 |
AT23NS-139 | 27.4 | 33.5 | 6.1 | 0.22 | 3.7 |
AT23NS-140 | 79.3 | 105.2 | 25.9 | 0.35 | 1.8 |
AT23NS-141 | 73.2 | 74.7 | 1.5 | 0.31 | 3.4 |
AT23NS-142 | 122.0 | 155.5 | 33.5 | 0.40 | 0.7 |
AT23NS-143 | 97.6 | 146.3 | 48.8 | 0.73 | <0.5 |
AT23NS-144 | 100.6 | 125.0 | 24.4 | 1.98 | <0.5 |
AT23NS-145* | 109.8 | 131.1 | 21.3 | 0.42 | 1.9 |
AT23NS-147 | 144.8 | 161.6 | 16.8 | 0.74 | 3.5 |
AT23NS-148 | 93.0 | 147.9 | 54.9 | 0.65 | <0.5 |
AT23NS-150* | 230.2 | 253.0 | 22.9 | 1.02 | 7.1 |
AT23NS-151 | 231.7 | 257.6 | 25.9 | 0.97 | 23.1 |
AT23NS-152 | 140.2 | 158.5 | 18.3 | 0.74 | 18.4 |
AT23NS-153 | 195.1 | 227.1 | 32.0 | 0.73 | 5.3 |
AT23NS-154 | 184.5 | 213.4 | 29.0 | 1.34 | 7.2 |
AT23NS-155 | 146.3 | 193.6 | 47.3 | 2.57 | 4.4 |
Includes | 160.1 | 169.2 | 9.1 | 9.72 | 15.5 |
AT23NS-156 | 103.7 | 135.7 | 32.0 | 0.48 | 1.0 |
AT23NS-157 | 251.5 | 283.5 | 32.0 | 0.77 | 16.4 |
AT23NS-158* | 216.5 | 245.4 | 29.0 | 0.91 | 1.9 |
AT23NS-159 | 166.2 | 186.0 | 19.8 | 1.15 | 14.0 |
AT23NS-160* | 91.5 | 129.6 | 38.1 | 0.40 | 2.7 |
Table 2. Holes released today. Mineralization occurs along near-horizontal horizons with true mineralized thickness in |
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23NS-108 | 182.9 | 210.4 | 27.4 | 0.31 | 4.0 |
AT23NS-109 | 225.6 | 239.3 | 13.8 | 3.69 | 1.3 |
AT23NS-110* | 175.3 | 201.2 | 25.9 | 1.21 | 3.5 |
AT23NS-111 | 175.3 | 190.5 | 15.2 | 0.49 | 1.2 |
AT23NS-112 | 155.5 | 176.8 | 21.3 | 4.03 | 6.7 |
AT23NS-113 | 256.1 | 297.3 | 41.2 | 0.40 | 5.4 |
AT23NS-114 | 190.5 | 227.1 | 36.6 | 0.77 | 5.8 |
AT23NS-115 | 218.0 | 231.7 | 13.7 | 0.82 | 7.1 |
AT23NS-127 | 117.4 | 146.3 | 28.9 | 0.96 | 1.5 |
AT23NS-10A | 105.2 | 144.8 | 39.6 | 0.68 | 2.0 |
AT21-002C+ | 86.3 | 104.6 | 18.3 | 0.56 | 2.1 |
AT22NS-009 | 86.9 | 128.0 | 41.2 | 0.65 | <0.5 |
AT22NS-011* | 102.1 | 125.0 | 22.9 | 1.36 | 0.5 |
AT22NS-013 | 135.7 | 160.1 | 24.4 | 1.67 | <0.5 |
AT22NS-012 | 175.3 | 195.1 | 19.8 | 1.77 | <0.5 |
AT22NS-014 | 99.1 | 143.3 | 44.2 | 0.71 | <0.5 |
AT22NS-016 | 91.5 | 106.7 | 15.2 | 0.54 | <0.5 |
AT22NS-017 | 85.4 | 114.3 | 28.9 | 0.46 | 2.7 |
AT22NS-018 | 178.4 | 193.6 | 15.2 | 0.70 | 4.5 |
AT22NS-019 | 166.2 | 179.9 | 16.8 | 0.31 | 2.5 |
AT21-001* | 94.5 | 131.1 | 25.9 | 1.00 | <0.5 |
AT21-002 | 82.3 | 105.2 | 22.9 | 0.71 | <0.5 |
AT21-003 | 155.5 | 173.8 | 18.3 | 4.64 | 11.2 |
AT21-004 | 85.4 | 118.9 | 33.5 | 0.74 | 1.4 |
AT21-005 | 99.1 | 103.7 | 4.6 | 0.42 | 3.4 |
103.7 | 123.5 | 19.8 | 0.47 | <0.5 | |
61.0 | 82.3 | 21.3 | 0.24 | 3.0 | |
76.2 | 77.7 | 1.5 | 0.10 | 7 | |
74.7 | 108.2 | 33.5 | 0.18 | 0.7 | |
120.4 | 143.3 | 22.9 | 0.30 | 3.84 | |
175.3 | 182.9 | 7.6 | 0.09 | <0.5 | |
297.3 | 304.9 | 7.6 | 0.27 | 11.4 | |
169.2 | 213.4 | 44.2 | 0.27 | 1.7 | |
129.6 | 158.5 | 28.9 | 0.05 | 1.1 | |
KN98-02+ | 42.7 | 57.9 | 15.2 | 0.14 | 9.5 |
KN98-10+ | 198.2 | 211.9 | 13.7 | 1.19 | 1.0 |
KN98-11+ | 230.2 | 253.0 | 22.9 | 2.07 | 0.7 |
KN98-12 | 196.6 | 224.1 | 27.5 | 0.77 | 1.9 |
KN98-13+ | 231.7 | 274.4 | 42.7 | 0.67 | 0.3 |
KN98-14+ | 237.8 | 265.2 | 27.4 | 0.48 | 3.0 |
AR-06+ | 146.3 | 157.0 | 10.7 | 0.14 | 29.8 |
AR-07+ | 112.8 | 137.2 | 24.4 | 0.73 | 0.6 |
90-04 | 208.8 | 256.1 | 47.3 | 0.11 | 2.9 |
Table 3. Previously released drill holes and historic drill holes used in today's cross sections. AT series holes were drilled by |
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 4. 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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