Announcement Date: 2021-11-22
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Nevada King Gold Corp.
Project name: Atlanta
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 18.3m @ 4.64g/t Au from 155.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC, Nov. 22, 2021 /CNW/ – Nevada King Gold Corp. (TSXV: NKG) (OTCQB: VKMTF) (“Nevada King” or the “Company”) is pleased to announce that one of its reverse circulation (RC) exploration holes hit high-grade gold mineralization north of the Atlanta gold resource zone along the northern extension of the Atlanta Mine Fault. This hole is part of the second set of assays received out of a 63-hole program at its Atlanta Gold Mine Project (Figure 1). The project is located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend. As seen in Figure 1, previous explorers drilled a number of vertical and angle holes north of the Atlanta open pit in an attempt to define the northward extension of the Atlanta Mine Fault. In general, holes drilled on the west side encountered narrow but relatively high grade mineralization along the monzonite-silicified dolomite contact at depths below 200m, while holes drilled on the eastern side hit much shallower, lower grade mineralization in silicified dolomite, beneath post-mineral tuff and tuffaceous sediments. There appeared to be a structural break between these two sets of drill holes, so Nevada King laid out a northerly trending pattern of seven, vertical RC holes (AT21-001 through AT21-007) running along what appeard to be the axis of this break.
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