Nevada King Gold Corp.[TSXV-[TSXV-NKG; OTCQX-NKGFFreported assay arise from 6 reverse blood circulation (RC) holes just recently finished at its Atlanta Gold Mine Project situated 264km northeast of Las Vegas, Nevada, in the respected Battle Mountain Trend.
Emphasizes: Drill hole AT23WS-38 returned 50.3 metres of 0.97 g/t gold and 5.2 g/t silver (WAGZ Zone); AT23NS-107 returned 39.6 metres of 1.15 g/t gold and 16.4 g/t silver (WAGZ Zone); AR23NS-166 returned 24.4 metres of 1.93 g/t gold and 51.3 g/t silver (AMFZ Zone); AT23-044 returned 22.9 metres of 2.39 g/t gold and 48.0 g/t silver (AMFZ Zone); AT23NS-128 returned 45.7 metres of 1.12 g/t gold and 58.8 g/t silver (AMFZ Zone) and AT23NS-122 returned 57.9 metres of 1.43 g/t gold and 24.0 g/t silver (AMFZ Zone). Holes launched today were along Section 11N( 2 ). Mineralization takes place along near-horizontal horizons with real mineralized density in vertical holes approximated to be 85% to 95% of reported drill obstruct length.
4 these days’s holes crossed the Atlanta Mine Fault Zone (AMFZ) and were collared to fill-in drill pattern spaces and much better specify feeder faults. Great lateral connection in mineralization exists, with gold and silver grades varying from 1.12 g/t Au to 2.39 g/t Au and 24.0 g/t to 58.8 g/t Ag, while real densities vary from 22.9 m to 57.9 m. AT23NS-107 (39.6 m @ 1.15 g/t Au) was a 17m action out to the south from formerly launched AT23NS-106 (41.2 m @ 0.84 g/t Au) to check for lateral connection of grade and density within the exact same fault block.
Sited in the western part of the West Atlanta Graben Zone (WAGZ), hole AT23WS-38 (50.3 m of 0.97 g/t Au) marched 40m westward from formerly launched AT23WS-26 (30.5 m @ 0.33 g/t Au) and reveals a three-fold boost in grade over a thicker period, approaching the West Atlanta Fault # 2. Historic core hole DHRI-11-NRC5 lies around 15m east of AT23WS-38 and obstructed 1.61 g/t Au over 61m and highlights the irregularity in grade within the mineralized porphyritic dacite invasive system where grade is more structurally managed compared to other parts of the resource zone.
Cal Herron, Exploration Manager, specified, “Today’s outcomes along Section 23-11N( 2) lie in the main part of the Atlanta resource zone and continue to be extremely positiive. We understand that the greatest grades and densities within the WAGZ take place in the southern part of the resource zone along areas 4N through 9N and to the north along areas 14N through 17N, which is most likely due to the existence of E-W trending faults crossing these parts of the Atlanta system. Such E-W trending faults might likewise happen in the main part of the WAGZ, where drilling density is lower and where a number of holes are pending that will eventually be outlined on Sections 12N and 13N. As more hole results been available in, we’ll get a better deal with on the grade circulation and in turn be more able to track greater grade structural passages through this thick, low-grade blanket.”
Nevada King is the 3rd biggest mineral claim holder in the State of Nevada, behind Nevada Gold Mines (Barrick/Newmont) and Kinross Gold. Beginning in 2016, the Company has actually staked big job locations hosting substantial historic expedition work along the Battle Mountain pattern situated near to existing or previous producing cash cow. These task locations were at first targeted based upon their capacity for hosting multi-million-ounce gold deposits and were consequently staked following an in-depth geological examination. District-scale jobs in Nevada King’s portfolio consist of (1) the 100% owned Atlanta Mine, situated 100km southeast of Ely, (2) the Lewis and Horse Mountain-Mill Creek tasks, both situated in between Nevada Gold Mines’ big Phoenix and Pipeline mines, and (3) the Iron Point task, situated 35km east of Winnemucca, Nevada.
The Atlanta Mine is a historic gold-silver manufacturer with a NI 43-101 certified pit-constrained resource of 460,000 oz Au in the determined and suggested classification (11.0 M tonnes at 1.3 g/t) plus a presumed resource of 142,000 oz Au (5.3 M tonnes at 0.83 g/t).