Nevada King Gold talks 2025 highlights

Executive Summary

• Nevada King Gold Corp. reviewed its 2025 achievements and outlined its 2026 exploration strategy for its 100%-owned Atlanta gold project in Nevada.
• The company reported significant resource growth in June 2025, increasing measured and indicated resources by 122% to over one million ounces of oxide gold, and completed a 30,000-meter Phase 3 drilling program that identified new targets, most notably Silver Park East.
• The company strengthened its leadership team with new appointments for CEO, CFO, VP Exploration, and Chairman, and announced a fully financed Phase 4 exploration program for 2026 focused on advancing Silver Park East and other regional targets.

Key Details

• Resource Update (June 2025): Updated NI 43-101 mineral resource estimate increased measured and indicated resources by 122% to over 1 million ounces of oxide gold contained within 27.7 million tonnes grading 1.14 g/t Au.
• Metallurgy: Phase 2 testing confirmed strong oxide recoveries using conventional methods, supporting a simplified flow sheet involving run-of-mine (ROM) heap leaching for non-silicified volcanics and two-stage crushing for mill material.
• Phase 3 Drilling Results (30,000m completed):
  • Successfully identified multiple new oxide gold targets across the district-scale land package.
  • Silver Park East: Identified as the most advanced new discovery; progressed from reconnaissance to infill-stage exploration. Drilling confirmed a broad zone of near-surface oxide gold and silver mineralization covering a ~450m x 300m footprint, hosted along the same unconformity as the Atlanta Resource Zone (ARZ).
  • Atlanta South & North: Drilling advanced these targets along the West Atlanta fault.
  • Western Rim Target: Identified as a large-scale, early-stage opportunity characterized by extensive multidirectional quartz veining; rock-chip samples graded up to 20.8 g/t Au.
• Management Appointments:
  • John Sclodnick: Appointed Chief Executive Officer.
  • Jeff Stieber: Joined as Chief Financial Officer.
  • Justin Daley: Appointed Vice-President, Exploration.
  • Collin Kettell: Appointed Chairman of the Board.
• 2026 Phase 4 Exploration Strategy:
  • Fully financed program announced on Dec. 11, 2025.
  • Initial 20,000 meters of drilling planned to:
    • Advance Silver Park East via infill drilling to evaluate potential as a satellite oxide resource.
    • Continue follow-up drilling at Atlanta South and Atlanta North along the West Atlanta fault.
    • Advance the Western Rim target through geophysical surveys and initial drill testing.
• QA/QC Protocols: Samples split at drill site (nominal 2kg weight); CRF standards, blanks, and duplicates inserted on a one-in-20 basis. Samples shipped to American Assay Lab (Reno, NV). Assays performed via lead fire assay with OES finish (detection limit 0.003 ppm) and gravimetric finish for >10 ppm samples; all samples run through cyanide leach for gold with ICP-OES finish.

Notable Quotes

• "Two thousand twenty-five was a transformational year for Nevada King. We significantly grew and improved the confidence of our resource base, demonstrated strong metallurgy, built a pipeline of new regional discoveries and strengthened our leadership team. The phase 3 exploration program exceeded expectations and Silver Park East now represents a compelling opportunity to continue to expand the resource base at Atlanta. As we move into 2026, we are fully funded for our phase 4 drill program and remain focused on growing ounces while minimizing costs." — John Sclodnick, CEO