Nevada King Gold (TSXV: NKG) has seen success in drill testing a new discovery area at its Atlanta Gold Mine Project, which is found in Nevada. The company this morning reported multiple intercepts of gold at the Wild West Zone, found in an area that was previously believed to be unmineralized on the western side of the West Atlanta Fault #2.
Highlights from the results include:
- AT24WS-69: 1.48 g/t gold, 5.5 g/t silver over 73.2 metres from 323.2 metres depth
- AT24WS-80: 2.66 g/t gold, 6.3 g/t silver over 35.1 metres from 373.4 metres depth
- AT24WS-83: 4.67 g/t gold, 25.3 g/t silver over 42.7 metres from 387.1 metres depth
The Wild West Zone, or WWZ, is found beyond the current boundaries of the current resource zone for Atlanta, with the target area currently believed to be up to 200 metres wide in the east-west direction while remaining open to the west, and at minimum 500 metres wide north-south, while remaining open to the south. The discovery was made following drill testing of a CSAMT anomaly.
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“With these higher-grade deeper zones of mineralization developing the Company is now conceptually pursuing the potential for a combination of open pit and underground accessible resources at Atlanta. The Wild West Zone is a new discovery based in large part on drilling a strong geophysical anomaly, and it provides us with new targets to chase southward, southwestward, and to depth — all into untested territory,” commented exploration manager Cal Herron on the discovery.
Nevada King last traded at $0.315 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.
