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NEVADA KING INTERCEPTS 6.28 G/T AU OVER 54.9M HOSTED ENTIRELY BY INTRUSIVE ROCKS, EXTENDS MINERALIZATION UNDERNEATH THE SOUTH QUARTZITE RIDGE OPENING UP EXTENSIVE NEW TARGET AREAS AT ATLANTA

NEVADA KING INTERCEPTS 6.28 G/T AU OVER 54.9M HOSTED ENTIRELY BY INTRUSIVE ROCKS, EXTENDS MINERALIZATION UNDERNEATH THE SOUTH QUARTZITE RIDGE OPENING UP EXTENSIVE NEW TARGET AREAS AT ATLANTA

內華達國王公司在南石英岩山脈下截獲6.28克/噸的黃金，全部嵌入侵性岩石中，延伸礦化帶，開發了亞特蘭大地區廣闊的新目標區域。
PR Newswire ·  07/23 07:30

VANCOUVER, BC, July 23, 2024 /PRNewswire/ - Nevada King Gold Corp. (TSXV: NKG) (OTCQX: NKGFF) ("Nevada King" or the "Company") is pleased to announce assay results from one angle reverse circulation ("RC") hole recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend. Shown in Figures 1 and 2, today's hole was drilled immediately south of the West Atlanta Graben Zone ("WAGZ") 200m south of the Atlanta Pit and represents the southernmost hole drilled to date into the axial portion of a large, northerly trending anticline designated the South Quartzite Ridge Target ("SQRT").

Figure 1. View of South Quartzite Ridge Target looking east. The ridge's spine corresponds to the axial plane of the South Quartzite Ridge Anticline, which appears to be the southward continuation of the West Atlanta Fault. Most of the historical holes were vertical and tested the western margin of the SQRT, well west of the anticline's axial portion. (CNW Group/Nevada King Gold Corp.)
Figure 2. Location map for hole reported in this news release along drill Section 22-4N(2) relative to the perimeter of the historical Atlanta Pit and footprint of the Gustavson 2020 NI 43-101 resource. Shallow drillholes on the mine dumps have been removed from the plot for clarity. (CNW Group/Nevada King Gold Corp.)
Figure 3. Cross section 22-4N(2) looking north across the West Atlanta Fault that divides the AMFZ target on the east from the WAGZ target on the west. Hole AT24HG-041 drilled down through a dense quartzite cap and into mineralized felsic intrusions emplaced along the West Atlanta Fault. CSAMT data indicates a southward extension to this intrusive zone. (CNW Group/Nevada King Gold Corp.)
Figure 4. Generalized CSAMT map of SQRT showing resistivity high over the Quartzite Ridge and flanking resistivity lows related to felsic tuff, rhyolite, and dacite intrusions that are spatially related to gold mineralization. High resistivity Eureka Quartzite capping the ridge is underlain by low resistivity intrusives and/or decalcified Pogonip Fm. limestone, both of which could potentially host mineralization. The target's axial portion is untested by previous drilling. (CNW Group/Nevada King Gold Corp.)
Figure 5. CSAMT Lines 2, 5, and 10 looking north across the SQRT show high resistivity quartzite and dolomite (blue) capping low resistivity intrusions and possibly decalcified Pogonip Limestone (yellow to red). This low resistivity zone hosts mineralized felsic intrusions in hole AT24HG-041 and can be tracked southward by CSAMT data for 1.5km along the SQRT's axis. (CNW Group/Nevada King Gold Corp.)
Figure 6. Full assays released today of the mineralized interval in AT24HG-41 show the consistency of high-grade gold throughout the entire mineralized zone. Consistent distribution of high-grade seen in this hole is a great indication of a strong gold system. The quartzite cap above the mineralization likely aided in concentrating gold deposition in the underlying intrusive rocks, thus pointing to a strong possibility of encountering similar mineralization further southward along the SQRT. (CNW Group/Nevada King Gold Corp.)
Figure 7. Northern end of SQRT showing location of AT24HG-41 in relation to the South Quartzite Ridge Anticline's axis together with major high-angle faults controlling distribution of intrusions and associated gold mineralization within the Atlanta Resource Zone. These major faults are observed to swing southeastward following the SQRT's trend and potentially further extend mineralization underneath the barren, impermeable quartzite cap. (CNW Group/Nevada King Gold Corp.)
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