Nevada King Gold (TSXV: NKG) this morning reported further drill results from its Atlanta Mine project in Nevada. The latest results encountered lengthy intercepts of gold in a location previously thought to be waste rock within the firms mineral resource estimate.
A total of three drill holes were released this morning, with the three holes found along a 70 metre long line between two previous drill holes, found at the bottom of a current pit that exists on site. The location had previously not been drill tested.
Highlights from the results include:
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- AT21-063: 3.94 g/t gold over 48.8 metres
- AT21-064: 3.35 g/t gold over 67.1 metres
- AT21-065: 2.32 g/t gold over 48.8 metres
The region this mineralization was found in is within the boundaries of a mineral resource estimate conducted by the company in 2020. However, this region of the pit that was outlined was viewed entirely as waste rock, providing opportunity for the firm to expand its current resource estimate.
The results of this assays have lead the company to modify its 2022 drill program to include a high density drill program to follow up on the corridor where this mineralization was found.
Nevada King Gold last traded at $0.39 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
