Investing.com
Published Feb 12, 2024 20:56
Highlights:
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23WS-62 | 291.1 | 332.2 | 41.1 | 6.05 | 25.0 |
Includes | 294.1 | 301.8 | 7.6 | 19.44 | 21.6 |
AT23WS-45 | 263.7 | 624.7 | 61.0 | 3.52 | 15.7 |
Includes | 280.5 | 291.2 | 10.7 | 7.55 | 36.3 |
Table 1. Highlighted holes released on Section 22N-16N(2). Mineralization occurs along near-horizontal |
Cal Herron, Exploration Manager of Nevada King, stated, "The north end of the WAGZ is becoming strikingly similar to the southern end, where we see good lateral continuity of mineralization across a 100m to 150m-wide, fairly flat-lying horizon measuring from 50m to over 100m thick. As we continue testing for similar mineralization along lines north and south of Section 22-16N(2), good potential exists for building tonnage. The presence of the high-grade intercept in AT23WS-62 (19.44 g/t Au over 7.6m) raises the possibility of encountering additional zones of elevated high-grade mineralization within the immediate vicinity that could also impact the overall grade of the WAGZ.
"Drilling is now underway north of today's holes and is oriented to potentially connect the northern end of the WAGZ with the southern end of the NET. If successful, connecting these zones would significantly enlarge a growing mineralized area at
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT23WS-42 | 312.5 | 341.5 | 29.0 | 2.03 | 13.9 |
AT23WS-45 | 263.7 | 324.7 | 61.0 | 3.52 | 15.7 |
Includes | 280.5 | 291.2 | 10.7 | 7.55 | 36.3 |
AT23WS-57 | 306.3 | 340.0 | 33.7 | 0.14 | 12.37 |
AT23WS-60 | 240.2 | 301.8 | 97.5 | 1.04 | 4.9 |
AT23WS-62 | 291.1 | 332.2 | 41.1 | 6.05 | 25.0 |
Includes | 294.1 | 301.8 | 7.6 | 19.44 | 21.6 |
AT23WS-63 | 309.4 | 336.8 | 27.4 | 1.18 | 18.3 |
AT23NS-149 | 175.3 | 192.1 | 16.8 | 0.46 | 10.14 |
Table 2. All holes released today on section 22-16N (2). Mineralization occurs along near-horizontal horizons with true |
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
AT22WS-002 | 227.1 | 298.8 | 71.7 | 2.31 | 5.8 |
Includes | 265.2 | 298.8 | 33.6 | 4.10 | 10.2 |
AT22WS-003A | 179.9 | 259.1 | 79.3 | 0.44 | 3.8 |
AT22WS-012 | 204.2 | 259.1 | 54.9 | 0.21 | 1.2 |
AT22NS-028T+ | 65.5 | 130.3 | 64.8 | 0.50 | 9.2 |
AT22NS-029A | 1.5 | 32.0 | 30.5 | 0.66 | 14.0 |
AT21-13 | 53.4 | 67.1 | 13.7 | 0.82 | 3.8 |
AT21-14 | 0.0 | 24.4 | 24.4 | 0.35 | 38.4 |
DHRI-11-NRC03 | 263.7 | 320.1 | 56.4 | 3.9 | 20.9 |
Includes | 265.2 | 280.5 | 15.3 | 8.6 | 13.22 |
DHRI-12-MRC1 | 271.3 | 349.1 | 77.8 | 1.95 | 6.49 |
GC96-09^ | 0 | 27.4 | 27.4 | 0.41 | 2.35 |
AR-41^ | 0 | 19.8 | 19.8 | 0.16 | 21.7 |
Table 3. Previously released and historical holes used on section 22-16N(2). AT series holes drilled by Nevada King in 2021 |
All RC samples from the Atlanta Project are split at the drill site and placed in cloth and plastic bags utilizing a nominal 2kg sample weight. CRF standards, blanks, and duplicates are inserted into the sample stream on-site on a one-in-twenty sample basis, meaning all three inserts are included in each 20-sample group. Samples are shipped by a local contractor in large sample shipping crates directly to American Assay Lab in
The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, P.Geo., who is a Qualified Person as defined by National Instrument 43-101 ("NI 43-101").
Nevada King is the third largest mineral claim holder in the
The Company is well funded with cash of approximately $10.2 million as of
Resource Category | Tonnes (000s) | Au Grade (ppm) | Contained Au | Ag Grade (ppm) | 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 4. NI 43-101 Mineral Resources at the | |||||
Please see the Company's website at www.nevadaking.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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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SOURCE Nevada King Gold Corp.
Written By: Investing.com
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