NEVADA KING INTERCEPTS 1.58 G/T AU OVER 114.3M, INCLUDING 3.61 G/T OVER 24.4M, EXTENDS HIGH-GRADE MINERALIZATION FURTHER WESTWARD AT ATLANTA
- None.
- None.
Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | |
AT23WS-35 | 201.2 | 315.5 | 114.3 | 1.58 | 3.7 | |
Includes | 263.7 | 288.1 | 24.4 | 3.61 | 6.1 | |
AT23WS-39 | 224.1 | 315.5 | 91.5 | 0.96 | 3.9 | |
Table 1: Holes released today. Mineralization occurs along near-horizontal horizons with true mineralized thicknesses in vertical holes estimated to be |
- Today's intervals are the westernmost holes drilled by
Nevada King atAtlanta to date and have successfully identified high-grade gold mineralization in the western extents of the West Atlanta Graben ("WAG") close to the West Atlanta Fault #2 ("WAF2"). - 1.58 g/t Au over 114.3m including 3.61 g/t Au over 24.4m in AT23WS-39 is appreciably higher-grade than surrounding holes, injecting high-grade into the surrounding thick blanket of gold mineralization. This is similar to previously released 3.39 g/t Au over 100.6m in AT23HG-30 (July 20, 2023), located 125m to the east of AT23WS-39 and also plotted on Section 22-6N(3).
- Together these holes illustrate the effectiveness of
Nevada King's drill targeting based on its new geological model, which outlines a series of high-angle faults that divide the mineralized zone into fault-bounded blocks or domains, in turn creating numerous fluid pathways each capable of localizing high-grade gold mineralization throughout theAtlanta deposit. This is a significant departure from the historicalAtlanta model, which envisioned a single 45 degree vein structure (see Figure 1 below) with no fault offsets or high-grade feeders other than the 45 degree vein zone itself.
Cal Herron, Exploration Manager of
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | |
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 | |
AT22SE-4 | 146.3 | 327.7 | 181.4 | 1.03 | 3.8 | |
AT22SE-42 | 122.0 | 201.2 | 79.3 | 1.50 | 1.4 | |
And | 234.8 | 318.6 | 83.8 | 0.48 | 3.6 | |
Aggregate | 122.0 | 318.6 | 163.1 | 0.98 | 2.5 | |
AT22NS-69 | 89.9 | 135.7 | 45.7 | 1.57 | 8.5 | |
AT22NS-68 | 134.1 | 163.1 | 29.0 | 4.03 | 21.2 | |
Including | 157.0 | 160.1 | 3.1 | 10.03 | 18.5 | |
AT22HG-16 | 163.1 | 170.7 | 7.6 | 2.98 | 7.5 | |
And* | 196.6 | 292.7 | 96.0 | 1.38 | 3.1 | |
AT22HG-17* | 146.3 | 311.0 | 165.5 | 0.92 | 3.0 | |
AT22HG-19* | 155.5 | 233.2 | 77.7 | 1.92 | 28.1 | |
Including | 207.3 | 224.1 | 16.8 | 4.76 | 86.8 | |
AT21-41B* | 38.1 | 73.2 | 35.0 | 1.17 | 11.3 | |
AT21-50A^ | 141.8 | 178.3 | 36.5 | 1.00 | 17.91 | |
AT22RC-11 | 0 | 33.5 | 33.5 | 1.28 | 0.5 | |
AT22RC-12^ | 0 | 57.9 | 57.9 | 1.38 | 14.0 | |
Table 2: Previously reported holes drilled by |
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
KR98-2^ | 265.2 | 304.9 | 39.7 | 0.96 | 6.82 |
KR98-7^* | 204.3 | 257.6 | 53.4 | 1.36 | 3.85 |
KR98-9^ | 170.9 | 190.5 | 19.8 | 0.20 | 0.1 |
KR98-10^ | 242.3 | 330.8 | 88.5 | 0.77 | 1.8 |
KR98-11^* | 244 | 343 | 99 | 0.81 | 3.02 |
KR98-13^* | - | - | - | - | |
AR-27* | 161.6 | 260.7 | 99.1 | 0.73 | 1.84 |
AC-4^ | 167.7 | 224.1 | 56.4 | 1.25 | 7.31 |
Table 3: Historical holes used in updated Section 22-6N. KR98 series holes were drilled by |
Operator | West Atlanta Graben | Atlanta Mine Fault Zone | ||||
No. of Holes | Average Au eq. (g/t) | Average Thickness (m) | No. of Holes | Average Au eq . (g/t) | Average Thickness (m) | |
NKG | 10 | 1.47 | 121 | 6 | 1.79 | 39.7 |
Historical | 7 | 0.933 | 65 | None | - | - |
Table 4. Comparison of |
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,
Resource Category | Tonnes (000s) | Au Grade (ppm) | Contained Au Oz | Ag Grade (ppm) | Contained Ag Oz |
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.
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.
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/nevada-king-intercepts-1-58-gt-au-over-114-3m-including-3-61-gt-over-24-4m-extends-high-grade-mineralization-further-westward-at-atlanta-301917183.html
SOURCE Nevada King Gold Corp.
FAQ
What is the name of the company that made the announcement?
Where is the Atlanta Gold Mine Project located?
What type of holes were used in the assay results?
What is the significance of the assay results?
Who is the Qualified Person for this news release?
What is the average grade and thickness of the holes drilled by Nevada King?
What is the comparison between Nevada King and historical drill results?
What are the gold equivalent prices used in the comparison?
What is the purpose of the new geological model?