Nevada King's Phase III Drill Program: Unlocking Atlanta's Mineral Potential
Wednesday, Jan 8, 2025 6:47 am ET
Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has provided an update on its Phase III regional drill program at the Atlanta Gold Mine Project, located along the prolific Battle Mountain Trend in Nevada. The company is focused on expanding mineralization south from the Atlanta resource zone into the South Quartzite Ridge Target (SQRT) and discovering new satellite deposits throughout the district. With a total planned drilling of 20,000m, the program is well underway, having completed 26 reverse circulation (RC) holes totaling 6,600m as of January 8, 2025.
The SQRT, a large target area extending 2.5km south from the resource zone along strike and measuring 500m wide, is underlain by a large geophysical anomaly with a footprint significantly larger than the resource area. This suggests the presence of a substantial hydrothermal system, making the target area highly prospective for hosting mineralization. The SQRT is characterized by an impervious quartzite cap, feeder structures, a low resistivity zone, and graben-type or cauldron-type depressions, all of which contribute to its potential for hosting gold mineralization.
Nevada King's strategy of testing a wide variety of prospective structural environments increases the chances of finding additional mineralized zones. By exploring different geological settings, the company is increasing the likelihood of discovering new gold deposits. This approach is supported by the company's Phase II drilling program, which demonstrated that such deposits can be identified by their geochemistry, alteration, structures, and host rock lithologies.

The company has submitted a minor modification (Permit Modification 3) to its existing Plan of Operations to the U.S. Bureau of Land Management (BLM), allowing for 47 additional drill sites and 1.9km of new drill road construction throughout the Atlanta district. These proposed drill pads will enable further access to test along the ridge of the SQRT, as well as at the Outlaw, Mustang, Silver Park, and Rangefront targets.
Included in this modification are 13 proposed drill pads located approximately three kilometres north of the resource zone within an area previously untested by drilling and almost completely obscured by alluvium. Surface samples collected by the company from two small outcrops of silicified sandy dolomite returned gold values ranging up to 0.82 g/t accompanied by arsenic and antimony. These strong surface samples occur along the northern extension of what looks like the West Atlanta Fault, which constitutes the primary fault responsible for depositing gold mineralization at Atlanta. A coincident CSAMT low resistivity anomaly suggests the presence of intrusive activity at depth.
Cal Herron, Exploration Manager of Nevada King, stated, "The first set of regional reconnaissance holes drilled during this Phase III Program tested wide-spaced anomalies east of the Atlanta Resource Zone within the Jumbo, Bounty, and Crossroads Targets, with assays pending. The current drilling is concentrated along the eastern and southern ring fracture systems of the Atlanta Caldera as defined by gravity and drone magnetic data. These major structural zones include the SQRT and northern extension of the West Atlanta Fault (Northeast and Lone Ranger Targets) together with the Silver Park region (Corral Target and Silver Park East and West Targets). Within these ring fracture zones, CSAMT data indicate several graben-type or cauldron-type depressions in the Paleozoic basement sequence that may have formed structural traps for confining hydrothermal fluids within a small area, similar to what we see in the Atlanta resource zone. The Company's program is currently testing a wide variety of prospective structural environments, looking for evidence of a strong hydrothermal system capable of generating a satellite deposit. We already know from our Phase II drilling program what such a deposit looks like in terms of geochemistry, alteration, structures, and host rock lithologies, so it's now a matter of drill-testing highly prospective areas to hone in on additional mineralized zones."
In conclusion, Nevada King's Phase III regional drill program at the Atlanta Gold Mine Project is well-positioned to unlock the district's mineral potential. By focusing on geophysical anomalies and major structural features, and testing a wide variety of prospective structural environments, the company is increasing the likelihood of discovering new mineralized zones. With a well-capitalized and experienced team, Nevada King is poised to disrupt Nevada exploration and become a dominant explorer and developer in the Battle Mountain Trend.