Significant Silver Intercepts At Atlanta Gold Mine Drill Program

VANCOUVER - Nevada King Gold Corp. reported silver assays from 31 holes drilled during its inaugural Phase I, 2021 drill program at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend. These 2021 series holes were initially assayed only for gold while assays for silver and multi-elements were performed on an intermittent basis. However, after the silver assays were received and a detailed review of the drill core was completed, the presence of silver mineralization was wider spread than initially thought. Consequently, the Company has decided to assay all drill samples for gold, silver and multi-elements going forward.

Cal Herron, Exploration Manager, said, "Silver mineralization to date is strongest within the silica breccia zone developed on top of massive dolomite and quartzite, while the highest grades occur proximal to high-angle faults cutting the silica breccia between the East Atlanta Fault and West Atlanta Fault. The Gustavson 2020 pit-constrained resource model calculated an average silver grade of 11g/t in the M+I category. Results from the recent drilling clearly show strong correlation of higher silver grade with the silica breccia horizon and grades are substantially higher than those reported in the Gustavson 2020 pit-constrained resource model. This bodes well for future drilling that will focus on intersecting these horizons west of the West Atlanta Fault. We now see the need for deeper holes west of the West Atlanta Fault, and as more assays come in we will gain a much better picture of the silver distribution and potential for boosting the overall resource grade."