Nevada King drills 67 m of 0.83 g/t AuEq at Atlanta

Executive Summary

• Nevada King Gold Corp. reported multiple high‑grade, thick Au‑Ag intercepts across its three regional targets (Silver Park East, Atlanta South, Atlanta North) as part of Phase III regional drilling.
• The most notable intercept is 0.83 g/t AuEq over 67.1 m (0.55 g/t Au + 24.2 g/t Ag) in hole AT25SP‑32 at Silver Park East, the highest grade outside the historic ARZ.
• Additional significant hits include 0.16 g/t Au over 48.7 m with elevated arsenic in Atlanta South (hole AT24QR‑16) and 0.28 g/t Au over 36.6 m near surface at Atlanta North (hole AT25FN‑6), opening a ~3 km untested gap for further drilling.

Key Details

• Phase III Program: 46 RC holes completed; 23,000 m of the planned 30,000 m drilled to date.
• Silver Park East (SPE):
• Hole AT25SP‑32 – 0.83 g/t AuEq (0.55 g/t Au + 24.2 g/t Ag) over 67.1 m; starts at Tertiary‑Paleozoic unconformity, extends into silicified dolomitic basement.
• Hole AT25SP‑21 – 0.47 g/t AuEq over 92 m (previously released).
• Hole AT25SP‑23 – 0.30 g/t AuEq over 6.1 m.
• Mineralization now identified across a 750 m strike length along the southern margin of an undrilled CSAMT anomaly.
• Atlanta South:
• Hole AT24QR‑16 – 0.16 g/t Au + 2.9 g/t Ag over 48.7 m; arsenic up to 2,862 ppm, first significant gold in Pogonip limestone.
• Hole AT24QR‑18 – 0.024 g/t Au over 54.9 m in replacement‑type silicified collapse breccia (first such alteration documented).
• Atlanta North:
• Hole AT25FN‑6 – 0.28 g/t Au over 36.6 m starting at 37 m depth; shallow oxide mineralization above heap‑leach cut‑off, located ~4 km north of the ARZ.
• Historical holes nearby (Golden Chief 1996: 0.88 g/t Au over 10.7 m; Goldfields 1991: 0.54 g/t Au over 6.1 m) support continuity of mineralization.
• Geological Interpretation:
• Intercepts occur in unconformity‑related, oxide‑rich horizons similar to those hosting the ARZ and historic Carlin‑type deposits.
• CSAMT data delineates graben structures that appear to focus hydrothermal fluids; drill targets now focus on extending these structural corridors westward (Western Knolls) and into Jumbo target zones.
• QA/QC: Split‑site sampling, CRF standards, blanks & duplicates every 20 samples; assays performed by American Assay Lab using fire assay with gravimetric finish for >10 ppm Au and cyanide leach ICP‑OES verification.
• Qualified Person: Calvin R. Herron, P.Geo., NI 43‑101 qualified person.

Notable Quotes

“Given its grade, thickness, continuity of mineralization and geological similarity to the ARZ, AT25SP‑32 clearly demonstrates strong potential for finding another ARZ‑type deposit within the Silver Park area…” – Cal Herron, Exploration Manager

“Our phase III program was designed to find one or more shallow, oxidized satellite‑type gold deposits amenable to heap leach extraction… The widely spaced distribution of significantly mineralized holes greatly improves the odds of discovering several small satellite deposits as well as something far more significant.” – Cal Herron, Exploration Manager