Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23WS-62 | 291.1 | 332.2 | 41.1 | 6.05 | 25.0 |
Includes | 294.1 | 301.8 | 7.6 | 19.44 | 21.6 |
AT23WS-45 | 263.7 | 624.7 | 61.0 | 3.52 | 15.7 |
Includes | 280.5 | 291.2 | 10.7 | 7.55 | 36.3 |
Table 1. Highlighted holes released on Section 22N-16N(2). Mineralization occurs along near-horizontal |
- AT23WS-62 intercepted 6.05 g/t Au over 41.1m including 19.44 g/t Au over 7.6m and was drilled approximately 300m northwest of the
Atlanta Pit approximately 8m west of historical RC holeDHRI -12-MRC1 (1.95g/t Au over 77.8m), which did not completely penetrate the mineralized zone. AT23WS-62 did fully penetrate the mineralized zone and returned an average grade three times greater thanDHRI -12-MRC1. Referring to Figure 2, AT23WS-62 drilled across a high-angle structure into an adjacent mineralized block, which accounts for the shorter intercept length when compared toDHRI -12-MRC1. - The very high-grade interval in AT23WS-62 (19.44 g/t Au over 7.6m) may correlate to another sub-vertical high-grade feeder structure and its cross-cutting of a near horizontal receptive stratigraphic unit similar to the interpreted zone recently reported along Section 22-8N(3) in which hole AT23NS-174 intercepted 19.2 g/t Au over 10.7m (released
February 6, 2024 ). - Eastward from AT23WS-62, holes AT23WS-45 (61.0m @ 3.52 g/t Au), AT22WS-2 (71.7m @ 2.31 g/t Au), and AT23WS-60 (97.5m @ 1.04 g/t Au) display a gradual eastward decrease in grade within this 100m-wide portion of the WAGZ between the
West Atlanta #2 andWest Atlanta #1 Faults (see Figure 2), with mineralized thicknesses remaining relatively uniform. This lateral continuity in mineralization is also observed along previously reported lines to the south and appears to be characteristic of grade distribution within the WAGZ. - Gold mineralization along Section 22-16N(2) now extends approximately 340m east-west, and remains open to the west and to the north from this area toward the North Extension Target ("NET"). Hole AT23WS-63 at the west end of the section returned 1.18 g/t Au over 27.4m but was lost in an open void before drilling deep enough to intersect the projected higher-grade zone and consequently must be re-drilled. The Company is currently drilling north of Section 22-16N(2) in order to connect the WAGZ with the NET.
"Drilling is now underway north of today's holes and is oriented to potentially connect the northern end of the WAGZ with the southern end of the NET. If successful, connecting these zones would significantly enlarge a growing mineralized area at
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23WS-42 | 312.5 | 341.5 | 29.0 | 2.03 | 13.9 |
AT23WS-45 | 263.7 | 324.7 | 61.0 | 3.52 | 15.7 |
Includes | 280.5 | 291.2 | 10.7 | 7.55 | 36.3 |
AT23WS-57* | 306.3 | 340.0 | 33.7 | 0.14 | 12.37 |
AT23WS-60 | 240.2 | 301.8 | 97.5 | 1.04 | 4.9 |
AT23WS-62 | 291.1 | 332.2 | 41.1 | 6.05 | 25.0 |
Includes | 294.1 | 301.8 | 7.6 | 19.44 | 21.6 |
AT23WS-63* | 309.4 | 336.8 | 27.4 | 1.18 | 18.3 |
AT23NS-149 | 175.3 | 192.1 | 16.8 | 0.46 | 10.14 |
Table 2. All holes released today on section 22-16N (2). Mineralization occurs along near-horizontal horizons with true |
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT22WS-002* | 227.1 | 298.8 | 71.7 | 2.31 | 5.8 |
Includes | 265.2 | 298.8 | 33.6 | 4.10 | 10.2 |
AT22WS-003A | 179.9 | 259.1 | 79.3 | 0.44 | 3.8 |
AT22WS-012* | 204.2 | 259.1 | 54.9 | 0.21 | 1.2 |
AT22NS-028T+ | 65.5 | 130.3 | 64.8 | 0.50 | 9.2 |
AT22NS-029A | 1.5 | 32.0 | 30.5 | 0.66 | 14.0 |
AT21-13 | 53.4 | 67.1 | 13.7 | 0.82 | 3.8 |
AT21-14 | 0.0 | 24.4 | 24.4 | 0.35 | 38.4 |
263.7 | 320.1 | 56.4 | 3.9 | 20.9 | |
Includes | 265.2 | 280.5 | 15.3 | 8.6 | 13.22 |
271.3 | 349.1 | 77.8 | 1.95 | 6.49 | |
GC96-09^ | 0 | 27.4 | 27.4 | 0.41 | 2.35 |
AR-41^ | 0 | 19.8 | 19.8 | 0.16 | 21.7 |
Table 3. Previously released and historical holes used on section 22-16N(2). AT series holes drilled by Nevada King in 2021 |
QA/QC Protocols
All RC samples from the
The scientific and technical information in this news release has been reviewed and approved by
Nevada King is the third largest mineral claim holder in the
The Company is well funded with cash of approximately
Resource Category | Tonnes (000s) | (ppm) | Contained Au | (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 |
Table 4. NI 43-101 Mineral Resources at the | |||||
Please see the Company's website at www.nevadaking.ca.
Neither the
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 Nevada King, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans and the Company's ability to potentially expand mineral resources and the impact thereon. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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