NEVADA KING INTERCEPTS 1.34 G/T AU OVER 67.1M & 1.14 G/T AU OVER 77.3M IN THE WEST ATLANTA GRABEN ZONE AT ATLANTA
Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | |
AT22HG-6 | 189.0 | 256.1 | 67.1 | 1.34 | 6.4 | |
AT23HG-24 | 247.0 | 324.7 | 77.7 | 1.14 | 4.0 | |
AT23HG-23 | 227.1 | 317.1 | 89.9 | 0.57 | 11.5 | |
AT23NS-125* | 74.7 | 109.8 | 35.1 | 1.26 | 31.9 |
Table 1: Holes released today. *Denotes angle hole. Mineralization occurs along near-horizontal horizons with true mineralized thicknesses in vertical holes estimated to be |
- Drilling by
Nevada King has been focused on two primary zones – (1) the Atlanta Mine Fault Zone ("AMFZ") mineralization located east of the West Atlanta Fault ("WAF") shaded orange in Figure 1 below, and (2) the West Atlanta Graben Zone ("WAGZ"), mineralization located west of the WAF shaded red in Figure 1 below. The majority of the ounces in the Gustavson resource (Table 5) of 460,000 M+I and 142,000 Inferred are located within the AMFZ. Despite the presence of historical drilling in the parallel WAGZ, very little of it is factored into the resource model. - The Company is focused on using its new geologic model to continue defining higher-grade fault zones within the WAGZ with the goal of bringing this large (150m wide x 500m long) and thickly mineralized zone into an updated resource model. Mineralization within the WAGZ is considerably thicker and covers a larger area than the parallel AMFZ.
- Three of today's highlight holes were drilled across the center of the WAGZ intercepting 1.34 g/t Au over 67.1m in AT22HG-6, 1.14 g/t Au over 77.7m in AT23HG-24, and 0.57 g/t Au over 89.9m in AT23HG-23. The mineralization in these holes is particularly notable due their strong grades located in the central portion of the WAGZ away from the primary feeder faults, the
West Atlanta ("WAF") andWest Atlanta #2 ("WAF2") Faults. - This central portion of the WAGZ will be critical in a future resource and today's intervals present a different picture of the WAGZ on this section line when compared to the historical intercepts. For example, Goldfields' RC hole AR-21 hit 64m grading 0.39 g/t Au, while
Nevada King's two nearby holes show a113% increase in grade and a30% increase in thickness within the central portion of the WAGZ, a difference primarily attributed to the lack of penetration of the mineralized zone by historical drilling. Referring to Figure 2, several historical angle holes in fact completely missed mineralization in the WAGZ on this section line including KR98-1, 98-6, 98-3 and 98-10. - One historical
Kinross hole located in the vicinity of the westernmost boundary of the WAGZ drilled across the WAF2 and intercepted an impressive 32m of 2.0 g/t Au in KR98-11, indicating the WAF2 fault that bounds the WAGZ to the west is an important control for high-grade gold.Nevada King is currently working to drill this newly recognized feature which could positively impact overall grade of the WAGZ if ongoing drilling returns similar results. Mineralization west of the WAF2 (west of the WAGZ) remains wide open.
Cal Herron, Exploration Manager of
Hole No. | From | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT23HG-30 | 169.2 | 269.8 | 100.6 | 3.39 | 9.6 | |
Includes | 227.1 | 240.9 | 13.7 | 12.67 | 38.2 | |
And | 294.2 | 373.5 | 79.3 | 0.27 | 0.4 | |
AT23HG-28 | 150.9 | 224.1 | 73.2 | 2.67 | 13.6 | |
Includes | 204.3 | 216.5 | 12.2 | 7.59 | 45.9 | |
AT23HG-22 | 181.4 | 323.2 | 141.8 | 0.55 | 4.0 | |
AT22RC-11 | 0.0 | 33.5 | 33.5 | 1.28 | 0.5 | |
AT22HG-5 | 186.0 | 279.0 | 93.0 | 1.14 | 2.1 | Bottomed in Mineralization |
AT22HG-3T | 170.4 | 231.4 | 61.0 | 1.31 | 0.158 | |
And | 252.7 | 285.4 | 32.6 | 3.83 | 48.7 | Bottomed in Mineralization |
Includes | 261.0 | 266.0 | 5.0 | 10.94 | 33.2 | |
combined average | 93.6 | 2.18 | 17.1 | Bottomed in Mineralization | ||
AT22HG-4 | 175.3 | 192.1 | 16.8 | 0.58 | 0.5 | |
And | 216.5 | 240.9 | 24.4 | 2.84 | 38.0 | |
combined average | 41.2 | 1.92 | 22.7 | |||
AT22NS-54 | 170.7 | 216.5 | 45.7 | 4.21 | 79.6 | |
Includes | 173.8 | 199.7 | 25.9 | 5.40 | 113.8 | |
AT22NS-56A | 93.0 | 106.7 | 13.7 | 1.88 | 38.5 | |
AT22NS-76 | 70.1 | 100.6 | 30.5 | 2.39 | 41.5 | |
AT22NS-73 | 22.9 | 103.7 | 80.8 | 2.31 | 47.4 | |
AT21-68C | 99.1 | 120.3 | 21.2 | 3.28 | 34.4 |
Table 2: Previously reported holes used along updated Section 22-7N(2). AT22 series holes were drilled by |
Hole No. | From | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AR-19 | 228.6 | 304.8 | 76.2 | 0.82 | 3.52 | |
DHRI-11-6C | 227.1 | 295.1 | 68 | 1.11 | 15.72 | Bottomed in Mineralization |
KR98-11* | 239.3 | 343.0 | 103.7 | 0.81 | 3.0 | Bottomed in Mineralization |
AR-21 | 240.8 | 304.8 | 64 | 0.39 | 4.21 | Bottomed in Mineralization |
KR97-08* | 172.2 | 195.1 | 22.9 | 0.72 | 0.72 | |
DHRI-11-4C | 178.3 | 301.8 | 123.5 | 1.1 | 9.0 | |
KR97-11* | 173.8 | 205.8 | 32 | 2.00 | 9.75 | |
AC-1 | 118.6 | 163.6 | 45 | 5.24 | 40.7 | |
88-13 | 121.9 | 170.7 | 48.8 | 3.95 | 46.9 | |
DHRI-11-1C* | 74.7 | 97.5 | 22.8 | 1.9 | 19.72 | |
GC96-7* | 152.4 | 108.2 | 44.2 | 0.87 | 23.18 |
Table 3: Historical holes used in updated Section 22-7N(2). DHRI series holes were drilled by Meadow Bay in 2011. KR98 series holes were drilled by |
Operator | West Atlanta Graben | Atlanta Mine Fault Zone | ||||
No. of | Average Au eq. | Average | No. of | Average | Average | |
NKG | 8 | 2.07 | 76.1 | 7 | 2.56 | 41.1 |
Historical | 5 | 0.96 | 87.1 | 6 | 3.07 | 36.0 |
Table 4. Comparison of |
All Reverse Circulation (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
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").
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,
Table 5: NI 43-101 Mineral Resources at the Atlanta Mine
Resource Category | Tonnes (000s) | Au Grade (ppm) | Contained Au | Ag Grade (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 |
Please see the Company's website at www.nevadaking.ca.
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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.