NEVADA KING INTERCEPTS 6.14 G/T AU OVER 30.7M, 4.15 G/T AU OVER 35.1M AND 3.08 G/T AU OVER 48.8M, CONFIRMS STRONG INTRUSIVE CONNECTION TO GOLD MINERALIZATION AT ATLANTA
Highlights:
Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Zone |
AT23NS-54C+ |
160.1 |
190.9 |
30.7 |
6.14 |
79.3 |
WAF |
includes |
162.3 |
188.1 |
25.8 |
6.94 |
90.5 |
WAF |
AT24NS-174B^ |
109.8 |
158.5 |
48.8 |
3.08 |
33.2 |
WAF |
includes |
118.9 |
125.0 |
6.1 |
7.00 |
75.5 |
WAF |
AT24NS-174C^ |
103.7 |
138.7 |
35.1 |
4.15 |
47.4 |
WAF |
includes |
105.2 |
111.3 |
6.1 |
11.06 |
110 |
WAF |
Table 1. Holes released today. Mineralization occurs along the northerly-trending West Atlanta Fault within an intrusive breccia zone dipping 60o to 70o west. True mineralized thickness estimated to be 35% to 45% of reported intercept length. |
- Core hole AT23NS-54C intercepted 6.14 g/t Au and 79.3 g/t Ag over 30.7m and was sited to collect mineralized silica breccia occurring along the West Atlanta Fault ("WAF") for the ongoing Phase II metallurgical testwork program. The WAF forms the fault boundary between the
Atlanta Mine Fault Zone ("AMFZ") on the east and theWest Atlanta Graben Zone ("WAGZ") on the west. - Angle holes AT24NS-174B (3.08 g/t Au over 48.8m) and AT24NS-174C (4.15 g/t Au over 35.1m) were designed to infill a gap in drill coverage along the western side of the AMFZ and also track the southern extension of the northerly-trending high-grade intrusive contact in the hanging wall of the WAF that was intercepted in adjacent holes (see Table 2 below) along lines both north and south of Section 23-7N(4) as shown in Figure 3.
- These closely-spaced angle holes clearly demonstrate a consistent 60o to 70o west dip to this mineralized zone that likely served as the
Atlanta deposit's main hydrothermal flue (or feeder) along the WAF. The zone is between 15m and 20m true thickness and is bounded on the east by massive Eureka Quartzite. Mineralization is hosted within strongly silicified fault and hydrothermal breccias mixed with silicified volcanics and narrow intrusive dikes. The highest gold grades tend to occur along contacts with silicified porphyritic rhyolite dikes. - As shown in Figure 3, this high-grade, intrusive dominated zone looks to vear NW and pinch out but remains open to the south where it appears to widen and curve southwestward and possibly connect to more high-grade intercepts along Section 22-4N.
- Referring to Figure 2, gold mineralization thickens and flattens moving westward and eastward from this WAF feeder zone as the hydrothermal fluids migrated laterally into receptive volcanic and intrusive host rocks within the adjacent WAGZ as well as along the low-angle unconformity separating younger volcanics and intrusions from underlying Paleozoic basement rocks in the AMFZ. The silica breccia unit hosting most of the mineralization along the fault was originally interpreted as having formed along the sub-horizontal unconformity and subsequently down dropped in a step-like manner across the fault zone. However, recent re-logging of drill data revealed that much of the silica breccia within this steeply dipping structure is intensely silicified, brecciated rhyolitic intrusive rock as opposed to strongly silicified dolomitic rock underneath the unconformity. Trace element enrichment in chromium coupled with depletion of titanium and magnesium within the silica breccia confirm a largely rhyolitic host rock (prolith). Understanding this direct relationship between rhyolitic intrusions and high-grade gold mineralization could be a key indicator for understanding and potentially targeting gold distribution throughout the
Atlanta district.
Line |
Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
9 |
AT23NS-133E* |
122.0 |
202.7 |
80.8 |
1.99 |
|
includes |
196.6 |
198.2 |
1.5 |
10.25 |
8 |
AT22NS-053 |
157 |
224.1 |
67.1 |
2.88 |
|
includes |
205.8 |
218.0 |
12.2 |
11.12 |
8 |
AT23NS-174* |
117.4 |
186.0 |
68.6 |
6.90 |
|
includes |
166.2 |
176.8 |
10.7 |
19.20 |
8 |
AT23NS-174A* |
118.9 |
196.6 |
77.7 |
4.90 |
|
includes |
169.2 |
172.3 |
3.0 |
19.35 |
8 |
AT23NS-133F* |
117.4 |
199.7 |
82.3 |
6.55 |
|
includes |
184.5 |
196.6 |
12.2 |
26.71 |
7 |
AT24NS-174B* |
109.8 |
158.5 |
48.8 |
3.08 |
|
includes |
118.9 |
125.0 |
6.1 |
7.00 |
7 |
AT24NS-174C* |
103.7 |
138.7 |
35.1 |
4.15 |
|
includes |
105.2 |
111.3 |
6.1 |
11.06 |
6 |
AT22NS-68 |
134.0 |
163.1 |
29.1 |
4.03 |
|
includes |
157.0 |
160.1 |
3.1 |
10.03 |
6 |
AT23NS-131C* |
132.6 |
172.3 |
39.6 |
4.91 |
|
includes |
144.8 |
154.0 |
9.2 |
12.94 |
Table 2. Mineralized intervals in RC holes defining a northerly-trending high-grade zone along the hanging wall side of the steeply west-dipping West Atlanta Fault ("WAF"). True mineralized thickness estimated to be between 25% and 50% of reported intercept length and is dependent on hole dip and location of entry point into the WAF structure. *Denotes angle hole. |
Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Zone |
AT23WS-47 |
219.5 |
332.3 |
112.8 |
0.58 |
3.2 |
WAGZ |
AT23WS-48 |
207.3 |
346.0 |
138.7 |
0.32 |
5.3 |
WAGZ |
AT23HG-38 |
214.9 |
329.3 |
114.3 |
1.43 |
16.5 |
WAGZ |
AT23NS-131C* |
132.6 |
172.3 |
39.6 |
4.91 |
41.4 |
WAF |
AT23NS-133A* |
99.1 |
123.5 |
24.4 |
2.33 |
24.6 |
AMFZ |
AT23NS-133B* |
99.1 |
120.4 |
21.3 |
2.99 |
22.8 |
AMFZ |
AT23NS-133D* |
73.2 |
97.6 |
24.4 |
2.25 |
23.3 |
AMFZ |
AT23WS-36 |
242.4 |
335.4 |
93.0 |
0.54 |
7.6 |
WAGZ |
AT22HG-6 |
189.0 |
256.1 |
67.1 |
1.34 |
6.4 |
WAGZ |
AT23HG-23 |
227.1 |
317.1 |
89.9 |
0.57 |
11.5 |
WAGZ |
AT23NS-125* |
74.7 |
109.8 |
35.1 |
1.26 |
31.9 |
AMFZ |
AT22HG-5 |
186.0 |
279.0 |
93.0 |
1.14 |
2.1 |
WAGZ |
AT22HG-3T |
170.4 |
285.4 |
93.6 |
2.18 |
17.1 |
WAGZ |
AT22HG-4 |
175.3 |
240.9 |
41.2 |
1.92 |
22.7 |
WAGZ |
AT22NS-68 |
134.1 |
163.1 |
29.0 |
4.03 |
21.2 |
WAF |
AT22NS-54 |
170.7 |
216.5 |
45.7 |
4.21 |
79.6 |
WAF |
AT22NS-56A |
93.0 |
106.7 |
13.7 |
1.88 |
38.5 |
AMFZ |
AT22NS-76 |
70.1 |
100.6 |
30.5 |
2.39 |
41.5 |
AMFZ |
AT22NS-73 |
22.9 |
103.7 |
80.8 |
2.31 |
47.4 |
AMFZ |
AT21-68C+ |
99.1 |
120.3 |
21.2 |
3.28 |
34.4 |
WAF |
Table 3 . Previously reported holes used along updated Section 22-7N(3). AT22 series holes were drilled by Nevada King in 2022 and the AT21 series holes were drilled in 2021. True thickness of gold mineralization interpreted in today's release for holes penetrating the WAF is 30% to 45% of the reported intercept length. True thickness in holes penetrating the AMFZ and WAGZ is interpreted to be 90% to 100% of the reported intercept length in vertical holes and 75% to 90% of reported intercept length in angle holes. +Denotes core hole. *Denotes angle hole. |
Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
AR-21 |
240.8 |
304.8 |
64 |
0.39 |
4.21 |
AR-19 |
228.6 |
304.8 |
76.2 |
0.82 |
3.52 |
KR97-9* |
175.3 |
210.4 |
35.1 |
4.81 |
25.2 |
includes |
196.6 |
201.2 |
4.6 |
21.83 |
27.8 |
|
227.1 |
295.1 |
68 |
1.11 |
15.7 |
|
74.7 |
97.5 |
22.8 |
1.90 |
19.7 |
Table 4.
Historical holes used in updated Section 22-7N(3). AR series holes were drilled by Goldfields in 1991. KR series holes were drilled by |
QAQC Protocols
All RC samples from the
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
About
Nevada King is the third largest mineral claim holder in the
Resource Category |
Tonnes |
|
Contained Au |
|
Contained Au |
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 5. NI 43-101 Mineral Resources at the |
Please see the Company's website at www.nevadaking.ca.
Neither the
Cautionary Statements Regarding Forward Looking Information
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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