Expansion Of Mineralized Footprint Of Oxide Gold "North Extension Target" North Of Atlanta Pit

VANCOUVER - Nevada King Gold Corp.reported on eleven reverse circulation (RC) holes recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the Battle Mountain Trend. This drilling was designed to test the extent of the gold footprint within the North Extension Target (NET), a newly identified mineralized zone located north of the Atlanta Pit outside of the 2020 Gustavson resource zone.

The eleven vertical RC holes are located north and south from an initial fence of holes into the NET along Section E-E'. These holes were drilled proximal to the northerly-trending Atlanta Mine Fault Zone (AMFZ), both north and south of the NET discovery hole AT21-003, which returned 9.1m of 8.26 g/t Au within a broader intercept of 18.3m of 4.64 g/t Au. The holes are focused along sections G-G' and H-H', which cut across the AMFZ showing vertical displacement (west side down), with the highest grade intervals continuing to be found proximal to the fault. This higher-grade "core" mineralization along the fault zone is approximately 50m wide.

Mineralization within the NET target is now drill defined over a strike length of 175m north-south, spanning 300m east-west, with today's Section H-H' located approximately 600m north of the historical pit. Should the NET mineralization ultimately tie into the existing Gustavson resource, it would roughly double the footprint of the overall mineralized gold zone at Atlanta. Prior to these latest results the NET target area comprised an approximately 150m wide corridor. With these current results the NET target area footprint is now interpreted to be up to 400m wide. This is an important development as it significantly increases the potential for inclusion of the NET within the main pit zone, particularly if future drilling finds gold mineralization in the untested East Ridge Target area (ERT). Many of the holes bottomed in gold mineralization and the NET also remains open to further expansion to the east and west where further step-out drilling is planned. Of note is that three historical holes were drilled on the east side of the NET, but based on the current interpretation all of them were too shallow to reach gold mineralization.  

Cal Herron, Exploration Manager, said,  "The NET target represents a significant expansion area with a growing mineralized footprint. Drilling is set to resume shortly within the NET and will continue to target: 1) the high-grade portion of this zone along the AMFZ, 2) the depth of mineralization, and 3) the lateral extent, particularly eastward into a large area of the untested potential where gold mineralization occurs in outcrop at the northern edge of the ERT. We look forward to receiving the pending assays for holes completed between Section G-G' and the pit, which will indicate if the NET could potentially be joined together with the existing resource."