Atlanta Gold Mine Project Continues Plans For Ongoing Phase Three Drill Program

VANCOUVER - Nevada King Gold Corp. reported on the Atlanta Gold Mine Project during 2024, including highlights and technical insights from its Phase II drill program. The Company would also like to provide a look ahead towards 2025 and plans for its ongoing Phase III drill program. Drilling in 2024 clearly demonstrated resource growth potential in all directions while continuing to show consistent, high-grade, oxide material over thick intercepts at the 12,000-hectare (120km2) Atlanta Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada.

Nevada King has now commenced its Phase III drill program which is expected to cover at least 20,000m over 80 drill holes, with potential to increase this amount to 30,000m contingent on success. The Company has two RC drill rigs on site with one dedicated to drilling at the SQRT, where roughly half of the drill budget will be allocated, and the other drill rig will test 12 regional targets identified through field work and CSAMT geophysical surveys which have proven to be a beneficial tool in identifying potentially mineralized shallow intrusive bodies and other structures. So far from the regional program, drill holes have been completed in the Jumbo, Northeast, and Silver Park targets with assays pending for release in 1Q25. Gold mineralization is already known to extend 6km across the property and Phase III will test 12 other targets to see if it occurs in other areas of the property. The untested targets include Bounty, Corral, Crossroads, Jumbo, Lone Ranger, Mustang, Northeast, Outlaw, Rangefront, Silver Park East, Silver Park West, and Western Knolls. Overall, the Phase III program has the potential to turn 2025 into a transformative year for the Company and its Atlanta Gold Mine Project, as it looks to grow mineralization in the SQRT, and find new satellite deposits.