NEVADA KING IDENTIFIES SEVEN ADDITIONAL HIGH-PRIORITY DRILL-READY REGIONAL EXPLORATION TARGETS
Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has identified seven additional regional targets for its upcoming Phase III drill campaign at the Atlanta Gold Mine Project in Nevada. These targets, covering a 6.6km² area, are located west and southwest of the historical Atlanta pit. They include the Outlaw, Mustang, Corral, Silver Park East, Silver Park West, Rangefront, and Western Knolls Targets.
The targets are aligned along a major east-west basement lineament, contiguous with the current resource zone and the Wild West Target. They are associated with low resistivity zones, likely related to shallow intrusive activity, and are proximal to deep, inferred granitic intrusions. This proximity to igneous stocks is considered favorable for large Nevada gold deposits.
The company's increased understanding of gold mineralization types and controls has improved its ability to integrate knowledge with geophysical and geochemical data, enhancing exploration potential across the Atlanta District.
Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) ha identificato sette target regionali aggiuntivi per la sua prossima campagna di drillaggio Fase III presso il Progetto Atlanta Gold Mine in Nevada. Questi target, che coprono un'area di 6,6 km², si trovano a ovest e a sud-ovest della storica cava di Atlanta. Essi includono i target Outlaw, Mustang, Corral, Silver Park East, Silver Park West, Rangefront e Western Knolls.
I target sono allineati lungo un'importante linea di base est-ovest, contigua alla zona delle risorse attuale e al Wild West Target. Sono associati a zone di bassa resistività, probabilmente correlate ad attività intrusive superficiali, e sono prossimi a intrusioni granitiche profonde e inferite. Questa prossimità ai massi ignei è considerata favorevole per grandi depositi d'oro nel Nevada.
La maggiore comprensione da parte dell'azienda dei tipi e dei controlli della mineralizzazione d'oro ha migliorato la sua capacità di integrare conoscenze con dati geofisici e geochimici, aumentando il potenziale di esplorazione nell'intero Distretto di Atlanta.
Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) ha identificado siete objetivos regionales adicionales para su próxima campaña de perforación de Fase III en el Proyecto Atlanta Gold Mine en Nevada. Estos objetivos, que cubren un área de 6,6 km², están ubicados al oeste y suroeste de la histórica mina de Atlanta. Incluyen los objetivos Outlaw, Mustang, Corral, Silver Park East, Silver Park West, Rangefront y Western Knolls.
Los objetivos están alineados a lo largo de un importante lineamiento basal este-oeste, contiguo a la zona de recursos actual y al objetivo Wild West. Están asociados con zonas de baja resistividad, probablemente relacionadas con actividad intrusiva superficial, y están próximos a intrusiones graníticas profundas e inferidas. Esta proximidad a los stocks ígneos se considera favorable para grandes depósitos de oro en Nevada.
La creciente comprensión de la empresa sobre los tipos y controles de mineralización de oro ha mejorado su capacidad para integrar conocimiento con datos geofísicos y geoquímicos, aumentando el potencial de exploración en todo el Distrito de Atlanta.
Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF)는 추가적인 지역 목표 일곱 개를 애틀란타 금광 프로젝트의 다음 단계 III 드릴 캠페인에 대해 확인했습니다. 이 목표들은 6.6 km²의 면적을 차지하며, 역사적인 애틀란타 구덩이의 서쪽 및 남서쪽에 위치해 있습니다. 여기에는 아웃로, 머스탱, 코랄, 실버 파크 동쪽, 실버 파크 서쪽, 레인지프런트, 웨스턴 놀스 목표가 포함됩니다.
목표들은 현재 자원 지역과 와일드 웨스트 목표와 접촉하는 주요 동서 방향의 기초 선형을 따라 정렬되어 있습니다. 그들은 저항률이 낮은 지역와 관련이 있으며, 이는 얕은 침입 활동과 관련이 있을 가능성이 있으며, 깊고 추정된 화강암 침입 가까이에 있습니다. 이 화성 암석에 대한 근접성은 네바다의 대형 금 매장량에 유리한 것으로 간주됩니다.
회사는 금 광물화 유형 및 제어에 대한 이해도가 증가함에 따라, 지구물리학 및 지구화학 데이터를 통합하는 능력을 향상시켰으며, 애틀란타 지구 전역의 탐사 잠재력을 높였습니다.
Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) a identifié sept cibles régionales supplémentaires pour sa prochaine campagne de forage de Phase III au Projet de la mine d'or d'Atlanta au Nevada. Ces cibles, couvrant une surface de 6,6 km², sont situées à l'ouest et au sud-ouest de l'ancienne fosse d'Atlanta. Elles incluent les cibles Outlaw, Mustang, Corral, Silver Park Est, Silver Park Ouest, Rangefront et Western Knolls.
Les cibles sont alignées le long d'un important linéament de base est-ouest, contigu à la zone de ressources actuelle et à la cible Wild West. Elles sont associées à des zones de basse résistivité, probablement liées à une activité intrusive peu profonde, et sont proches d'intrusions granitiques profondes et inférées. Cette proximité avec les stocks ignés est considérée comme favorable aux grands dépôts d'or du Nevada.
La compréhension accrue de l'entreprise des types et des contrôles de la minéralisation aurifère a amélioré sa capacité à intégrer des connaissances avec des données géophysiques et géochimiques, augmentant ainsi le potentiel d'exploration à travers l'ensemble du District d'Atlanta.
Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) hat sieben zusätzliche regionale Zielgebiete identifiziert für seine bevorstehende Phase-III-Bohrkampagne im Atlanta Gold Mine Project in Nevada. Diese Zielgebiete, die eine Fläche von 6,6 km² abdecken, befinden sich westlich und südwestlich der historischen Atlanta-Grube. Dazu gehören die Ziele Outlaw, Mustang, Corral, Silver Park East, Silver Park West, Rangefront und Western Knolls.
Die Ziele sind entlang eines wichtigen ost-westlichen Grundgerüsts ausgerichtet, das benachbart zur aktuellen Ressourcenzone und dem Wild West Target liegt. Sie sind mit niedrigen Widerstandsbereichen verbunden, die wahrscheinlich mit oberflächlichen magmatischen Aktivitäten zusammenhängen, und liegen in der Nähe tiefgelegener, vermuteter granitischer Intrusionen. Diese Nähe zu magmatischen Lagerstätten wird als vorteilhaft für große Goldvorkommen in Nevada angesehen.
Das gesteigerte Verständnis des Unternehmens über die Arten und Kontrollen der Goldmineralisierung hat seine Fähigkeit verbessert, Wissen mit geophysikalischen und geochemischen Daten zu integrieren, was das Erkundungspotenzial im gesamten Atlanta-Distrikt erhöht hat.
- Identification of seven new high-priority drill-ready regional exploration targets
- Targets are aligned along a major east-west basement lineament, potentially extending the current resource zone
- Proximity to igneous stocks, which is favorable for large Nevada gold deposits
- Improved understanding of gold mineralization types and controls, enhancing exploration potential
- Most of the new target areas are buried under alluvium, post-mineral volcanics, and younger caldera moat sediments, potentially increasing exploration complexity
- Historical drilling in some target areas showed weak or no significant gold mineralization
Highlights:
- The Outlaw, Mustang, Corral, Silver Park East and Silver Park West, Rangefront, and Western Knolls Targets make up a combined 6.6km2 footprint and are located west and southwest of the historical
Atlanta pit (Figure 1). These seven target areas are clustered along a major east-west basement lineament (Figure 2) that is contiguous with the current resource zone and with the Wild West Target where hole AT24WS-83 returned 4.67 g/t Au over 42.7m, including 7.94 g/t Au over 18.3m (released August 19, 2024). - As shown in Figure 2, the low resistivity targets (particularly Outlaw, Mustang, and Silver Park West) are aligned along a west-trending deep basement fault interpreted from gravity data, with apical intrusive zones occurring at structural intersection points. This deep gravity-inferred fault projects eastward through the centre of the Wild West Target and into the resource zone where it connects to the North Fault, which is an important structural control associated with high-grade mineralization immediately northwest of the pit. Both
Nevada King holes AT23WS-44 (11.64 g/t Au over 108.2m, including 37.16 g/t Au over 29.0m (released October 2, 2023) and AT24WS-83 (4.67 g/t Au over 42.7m) occur along this trend. - Also noted on Figure 2 are two elliptical, deep gravity and magnetic anomalies interpreted as granitic stocks between 3,000m and 4,000m in diameter, both starting about 1,000m below the present surface. The body indicated as the Atlanta Stock underlies the centre of the Atlanta Caldera while the Ryan Springs Stock is more or less centred beneath the Ryan Springs Caldera. Formation of the Atlanta Caldera is related to gold/silver mineralization throughout the
Atlanta District and is post-dated by non-mineralized Ryan Springs Caldera volcanics. It is important to note the semi-circular arrangement of Targets 6-14 around the margin of the Atlanta Stock, as this roughly defines the region in which additional mineralization might be found, while structural intersections within this region can provide favorable loci for metals concentration, particularly when they coincide with apical low-resistivity zones.
- Putting these various geological relationships together, we now have a good district-scale exploration model to pursue with our upcoming Phase III drilling program. The
Atlanta stock likely produced the shallow intrusive rocks and associated Au-Ag bearing fluids responsible for mineralizing theAtlanta resource zone, East Ridge Target ("ERT"), and northern end of the South Quartzite Ridge Target ("SQRT"). Deep basement faults cutting into and around the stock's margin served as conduits for intrusions and metal-bearing hydrothermal fluids that moved upward and outward into rocks surrounding the stock's periphery where lower temperature/pressure conditions are more conducive for Au/Ag precipitation. Targets west of theAtlanta resource zone are therefore clustered around the stock perimeter where mineralization could be localized along and/or adjacent to major basement structures like the west-trending gravity structure tying the North Fault to Silver Park West, and the NW-trending gravity structure that runs through the Wild West Target and down the axial plane of the SQRT. - Mineralization can be expected to occur within a variety of host environments:
- Within volcanic, volcaniclastic, and shallow intrusive rocks occurring around the edges of the caldera moat, like at the West Atlanta Graben Zone.
- Along the strongly brecciated and silicified, low-angle unconformity separating Paleozoic basement quartzite and dolomite from overlying Tertiary volcanics and sediments, as we see throughout the
Atlanta resource zone. - Within shallow felsic intrusions cutting up through massive dolomite and along the silicified and brecciated intrusive contacts, as occurs in the ERT.
- Within shallow intrusions trapped beneath impermeable basement rocks, as is the case at the northern end of the SQRT.
- Today's regional targets are largely buried by alluvium, post-mineral volcanics, and younger caldera moat sediments. Seven historical reverse circulation ("RC") holes were drilled within and around several of the targets, but four tested un-mineralized dolomite in the Silver Park historical mining area, while the other three did not go deep enough through volcanic cover to get into potential mineralization at the unconformable contact with the Paleozoic basement. However, several of these historical holes did encounter weak gold mineralization that the Company is planning to further pursue with an eye on encountering higher-grades and thicker mineralization in the vicinity. A more detailed description of each of the targets can be found in the Target Description section below.
Cal Herron, Exploration Manager of
"The learning curve at
Target Descriptions
Outlaw and Mustang Targets (#9 and #10)
The Outlaw and Mustang targets are located immediately west of the Wild West Target and Atlanta Resource Zone along the shared, west-trending basement fault inferred from gravity data. These two targets coincide with localized, low-resistivity zones that are divided by a narrow, northerly trending horst block consisting of strongly resistive dolomite (Figures 3 and 4). Both zones occur on the SE margin of the inferred Atlanta Stock within an intersecting network of faults interpreted from gravity, magnetic, and CSAMT datasets. Cordex drilled a 178m RC hole at the northern end of the Outlaw Target in 2000 but stayed in unaltered volcanic tuff that generally overlies the mineralized volcanic section seen in the
Corral Target (#11)
Located along the main county road 1,250m SW of the Atlanta Pit, the Corral Target coincides with a shallow low-resistivity zone related to a variably silicified, heterolithic phreatic explosion breccia that intruded Lower Ordovician age Pogonip Limestone and Eureka Quartzite. About 24 historical holes were drilled by
Silver Park Targets (#12 and #13)
The Silver Park area is located 2,800m west of the Atlanta Pit and was historically mined for silver in the early to mid-1900s and later drill-tested by Goldfields in 1990. Silver mineralization is largely supergene and typically occurs along the unconformity separating massive Ely Springs Dolomite from an overlying, variably silicified and argillized, porphyritic rhyolite flow-dome or sill that is itself overlain by felsic tuff and epiclastic sediments belonging to the Atlanta Caldera moat sequence.
Rangefront and Western Knolls Targets (#14 and #15)
The Rangefront and Western Knolls Targets cover roughly 3km in diameter and are located along the western margin of the Atlanta Caldera about 5.6km due west of the
QA/QC Protocols
All RC samples from the Atlanta Project are split at the drill site and placed in cloth and plastic bags utilizing a nominal 2kg sample weight. CRF standards, blanks, and duplicates are inserted into the sample stream on-site on a one-in-twenty sample basis, meaning all three inserts are included in each 20-sample group. Samples are shipped by a local contractor in large sample shipping crates directly to American Assay Lab in
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, P.Geo., who is a Qualified Person as defined by National Instrument 43-101 ("NI 43-101").
About Nevada King Gold Corp.
The Atlanta Mine is a historical gold-silver producer with a NI 43-101 compliant pit-constrained resource of 460,000 oz Au in the measured and indicated category (11.0M tonnes at 1.3 g/t) plus an inferred resource of 142,000 oz Au (5.3M tonnes at 0.83 g/t). See the NI 43-101 Technical Report on Resources titled "Atlanta Property,
Resource Category | Tonnes | Au Grade | Contained Au | Ag Grade | 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 1. NI 43-101 Mineral Resources at the Atlanta Mine |
Please see the Company's website at www.nevadaking.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
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
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SOURCE Nevada King Gold Corp.
FAQ
What are the seven new regional targets identified by Nevada King Gold Corp (NKGFF) at the Atlanta Gold Mine Project?
How are the new targets at Nevada King Gold Corp's (NKGFF) Atlanta project related to the existing resource zone?
What geological features make Nevada King Gold Corp's (NKGFF) new targets at Atlanta promising for gold exploration?