Nine Vertical RC Holes Completed At Atlanta Gold Mine

VANCOUVER - Nevada King Gold Corp. reported on nine vertical reverse circulation (RC) holes recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada. Selected highlight intervals average >2.0 g/t gold and contain significant silver intervals, including 1,084 g/t Ag over 10.7m in hole AT22HG-18. The holes in Section 22-10N were drilled across the 150m-wide high-grade feeder zone comprising the Atlanta Mine Fault Zone (AMFZ), which lies between the East Atlanta and West Atlanta Faults. These vertical holes continue to advance northward the high-grade gold mineralization concentrated along a series of sub-parallel, fault-bounded graben blocks previously identified and reported to the south in Sections 22-5N through 22-9N.

The high-grade silver intercept in AT22HG-18 occurs along the western side of the West Atlanta Fault on the eastern edge of a 150m-wide mineralized zone now identified as the West Atlanta Graben Target. This down-dropped block hosts thick mineralization within the volcanic section above the contact with the basal Eureka Quartzite unit. AT22HG-18 intercepted 1,084 g/t Ag over 10.7m within 33.5m of 2.35 g/t Au and 363.0 g/t Ag and bottomed in mineralization at 291.2m depth where it was lost in a strongly fractured zone.

Compared to nearby historical holes, the Company's vertical holes returned higher gold grades. For example, angle hole AR-2 returned 22.9m @ 1.72 g/t Au, while Nevada King's AT23NS-50 returned 18.3m @ 3.68 g/t Au. Further east, angle RC hole KR97-4 reported 29m grading 0.81 g/t Au, while AT22NS-89 returned 41.2m @ 0.94 g/t Au and AT22NS-90 returned 39.7m @ 0.82 g/t Au.

Cal Herron, Exploration Manager, said, "As our fence-drilling progresses northward along the AMFZ we see the same pattern of structural offsets and styles of mineralization repeated from previous fences. To date, the lateral continuity in both gold grade and thickness is fairly uniform all along the southern third portion (approx. 160 meters) of the AMFZ. Unexpected and astonishingly, this section also host a thick and very high-grade silver intercept, returning over 1000 g/t Ag  over 10.7m within a 33.5m zone averaging over 360 g/t Ag in hole AT22HG -18. There are no historical drill intercepts of this tenor anywhere near this part of the property. AT22HG-18 drilled into the eastern margin of the West Graben Target very close to the West Atlanta Fault, which may account for the high silver grade. The only other hole drilled into the West Graben along this section line was Goldfield's AR-1, but this hole just got into mineralized volcanics before it was lost and did not go deep enough to penetrate the higher-grade silica breccia horizon. Further west of AR-1 there are no historical holes that went deep enough to tap into mineralization, so Nevada King has ample room in which to expand the high-grade mineralization hit in AT22HG-18 westward into essentially untested territory. It is hits like this that have added a westward-directed vector to the Company's overall exploration strategy at Atlanta. Drill-defining mineralization hosted along the AMFZ is certainly important, particularly with respect to raising the overall gold/silver grade, but the large West Graben area holds promise for significantly adding tonnage and ounces."