NEVADA KING MOBILIZES DRILL RIG TO EAST RIDGE TARGET TO TEST AT-SURFACE, COINCIDENT GEOPHYSICAL AND GEOCHEMICAL ANOMALY AT ATLANTA
Highlights:
- Drilling at the ERT will initially occur at six sites along newly constructed roads to test for depth and strike extensions of gold surface anomalies that were identified by the Company through a 2021 surface mapping and sampling program. High angle faults and strongly altered intrusive dikes are present at surface with several gold rock chip and soil samples exceeding 2 g/t Au, as shown in Figure 2.
- Results from the Company's CSAMT (Controlled-Source Audio-Frequency Magnetotellurics) geophysical surveys conducted in 2022 and 2023 corroborate these gold surface anomalies and outline near-vertical bodies of low resistivity that are interpreted as high-angle intrusions (shown in red on Figures 3-5) cutting up through the highly resistive dolomite sequence (shown in blue on Figures 3-5).
- This same type of CSAMT anomaly is observed 300m west throughout the
Atlanta resource zone where drill data has consistently identified low-resistance, altered intrusions welling up into the highly resistive Paleozoic basement rocks. Early-stage, more iron-rich igneous bodies intruded upward and laterally into the older basement rocks along major faults resulting in widespread decalcification, brecciation, and silicification within the carbonate sequence, which subsequently provided the plumbing system for gold-mineralizing fluids closely associated with later-stage, more quartz-rich and gold bearing intrusions.
- The deep, low resistivity zone underlying the ERT in Figures 3-5 appear to be an eastward continuation of the same intrusive bodies underlying the
West Atlanta Graben Zone , which in turn suggests the mineralization seen along the ERT is potentially correlative with the same intrusive-dominated mineralization seen in theAtlanta resource zone. - Nevada King recently completed road and drill pad construction on the ERT with drilling now underway.
QA/QC Protocols
All RC samples from the
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
About
Nevada King is the third largest mineral claim holder in the
Resource Category |
Tonnes |
|
Contained Au |
|
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 |
Please see the Company's website at www.nevadaking.ca.
Neither the
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 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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