Nevada King Gold Corp - NKGFF STOCK NEWS

Nevada King Gold (OTCQB: NKGFF) has received BLM approval for a modification to its existing 45km² Plan of Operations at the Atlanta Gold Mine Project in Nevada. The approval allows for 47 additional drill sites and 1.9km of new drill road construction. Since October 16, 2024, the company has completed 11,870m (49 holes) of a planned 20,000m reverse circulation drilling program.

Road construction began on January 29, with 650m of new roads completed along the South Quartzite Ridge Target (SQRT) as of February 3. The new infrastructure will enable drill-testing of 600m of strike length within SQRT's central portion, where CSAMT data indicates potential gold mineralization at 150m depth. Two drill rigs are currently operating at the site, focusing on expanding mineralization along the SQRT and identifying new satellite deposits within the Atlanta District.

Nevada King Gold (NKGFF) has provided an update on its Phase III regional drill program at the Atlanta Gold Mine Project in Nevada. The company has completed 26 reverse circulation holes totaling 6,600m of a planned 20,000m drilling program since November 19, 2024.

The primary objective is to expand mineralization south from the Atlanta resource zone into the South Quartzite Ridge Target (SQRT) and discover new satellite deposits. The SQRT extends 2.5km south from the resource zone and is 500m wide.

The company has submitted Permit Modification 3 to the BLM for 47 additional drill sites and 1.9km of new drill road construction. Notable surface samples from previously untested areas have returned gold values up to 0.82 g/t. The company has also granted 6,800,000 stock options to directors and officers, exercisable at $0.35 until January 6, 2030.

Nevada King Gold reviews its 2024 achievements at the Atlanta Gold Mine Project and outlines plans for 2025. The company made three significant discoveries in 2024, including the South Quartzite Ridge Target (SQRT) yielding 6.28g/t Au over 54.9m. The company completed 17,007 metres of drilling across 75 RC holes and one core hole in 2024, as part of its larger Phase II program totaling 84,284m from 450 holes.

Key 2024 highlights include raising C$21.6M, positive metallurgical test results showing 86-92% recovery for high-grade gold, and the commencement of Phase III drilling program. The Phase III program is planned for 20,000m with potential to expand to 30,000m, focusing on SQRT follow-up and testing 12 regional targets.

Nevada King Gold has announced drilling results from its Atlanta Gold Mine Project, featuring multiple significant gold intercepts at the North Extension Target (NET). Key highlights include hole AT23NS-177 returning 1.95 g/t Au over 29.0m including 6.60 g/t Au over 6.1m, and AT23NS-189 grading 1.21 g/t Au over 51.8m.

The company completed 20 vertical RC holes and one diamond core drill hole in the NET, along with 14 RC holes in the East Ridge Target (ERT). Results indicate consistent grade and thickness within the NET from east to west, with highest grades found proximal to the Atlanta Mine Fault Zone along a 50m-wide corridor.

Through Phase I and II drill programs, Nevada King has increased drilling density within the NET to 77 new holes, with mineralization remaining open along strike and laterally.

Nevada King Gold has initiated its Phase III regional drill program at the Atlanta Gold Mine Project in Nevada. The program encompasses 20,000 meters of drilling across 80 drill targets throughout the Atlanta district. Two reverse-circulation drills are being deployed, with the first having completed three holes at the Jumbo and Northeast Target areas. Road construction at the South Quartzite Ridge Target (SQRT) is progressing ahead of schedule and under budget. The program aims to drill through the quartzite cap into a low resistivity zone, following up on previous results that included 6.28 g/t Au over 54.9m in hole AT24HG-41.

Nevada King Gold Corp. (NKGFF) has announced significant drill results from its Atlanta Gold Mine Project. Core hole AT23WS-44C intercepted 3.95 g/t Au over 106.7m including 9.39 g/t Au over 38.4m, while AT23WS-52 intersected 2.29 g/t Au over 123.5m including 5.24 g/t Au over 35.1m. The drilling revealed a large mineralized area measuring 250m E-W by 170m N-S with consistent oxide mineralization in the northern portion of the West Atlanta Graben Zone. The company completed 39 holes during Phase I and II drilling, increasing drilling coverage by 84% from historical data.

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has commenced its Phase III drill program at the Atlanta Gold Mine Project in Nevada. The company reported significant gold mineralization in the Wild West Target (WWT), with hole AT24WS-84 intercepting 4.32 g/t Au over 9.1m. This extends mineralization 420 metres west of the previously known extent.

Key highlights include:

• AT24WS-84 represents the westernmost high-grade gold intercept at Atlanta
• The hole bottomed in mineralization, suggesting potential for deeper gold zones
• 11 initial drill pads prepared to test WWT further 500m west
• WWT area currently defined as 500m long and 200m wide, open to the west
• Company plans to mobilize a second drill rig for regional exploration

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has received a Finding of No Significant Impact (FONSI) from the U.S. Bureau of Land Management for a minor modification to its existing 45km2 Plan of Operations at the Atlanta Gold Mine Project. This approval paves the way for the company's Phase III regional drill program, which includes:

1. A 59-hole program testing 12 regional targets
2. New road construction along the South Quartzite Ridge Target (SQRT)
3. Ten drill pads to test the northern portion of the 2.5km long SQRT
4. Sixteen additional drill sites along the west side and southern extent of the SQRT

The SQRT recently yielded a discovery of 6.28 g/t Au over 54.9m at its northern end. This campaign marks the first comprehensive drilling of this target, which is located along trend of the Atlanta resource zone and coincides with a major anticline believed to be important in the area's mineralization.

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has appointed John Sclodnick as the Company's President, effective November 1, 2024. Sclodnick, who has over a decade of experience in equity research, will report to Collin Kettell, Nevada King's Founder, CEO, and Director. Previously, Sclodnick led the mining equity research team at Desjardins Capital Markets since 2021 and has covered precious metals companies, including Nevada King.

The appointment aims to strengthen the management team and advance the Atlanta Gold Mine Project, which the company believes represents one of the most exciting gold discoveries in the Great Basin. Sclodnick brings institutional relationships, strategic guidance, and expertise in financing, market awareness, and investor relations to the role.