Extension Of Mineralization Along Strike At Silver Park East

VANCOUVER – Nevada King Gold Corp. reported on the remaining 10 holes at its Silver Park East target from the Phase III drill program. Silver Park East (SPE) is located 2km west of the Atlanta Resource Zone (ARZ), within the Company’s 13,000 hectare (130km2), owned Atlanta Gold Mine Project, located in the Battle Mountain Trend 264km northeast of Las Vegas, Nevada.
Drill results confirm gold and silver mineralization over a 450m by 300m footprint, with a strike extension of 150m, and clear expansion potential demonstrated by an untested 270m gap to the southeast. Continuity and scale of mineralization suggest SPE may represent a new satellite oxide gold and silver zone. Notable intervals from reconnaissance drilling at SPE include 0.25 g/t AuEq over 70.1m in AT25SP-41 and 0.30 g/t AuEq over 41.1m in AT25SP-37. Hole AT25SP-36 intercepted 1.60 g/t AuEq over 4.6m which is part of an 86.8m interval consisting of three separate mineralized horizons starting at 35m depth that taken together average 0.53 g/t AuEq over 22.9m.
Mineralization at SPE remains open to expansion to the east and to the south and is hosted within the same dolomite host rocks at the unconformity and shows the same geochemical signatures as the ARZ, indicating a shared mineralizing system. Follow up drilling will test the undrilled 270m gap between holes AT25SP-33 and AT25SP-41 in an effort to expand the mineralized envelope to the southeast. It will target structurally enhanced zones within this envelope, such as 0.84 g/t AuEq over 7.6m in AT25SP-35, in order to identify cross-cutting fault intersections and fluid pathways similar to those that define high-grade domains at the ARZ and improve overall grade distribution.
Justin Daley, VP Exploration, said, “The objective of the Phase III regional exploration program was to identify additional oxide gold zones beyond the ARZ. Despite the post-mineral cover across the area, the potential at Silver Park East is now clear, with low grade oxide gold and silver consistently found at the unconformity over a wide area, and gold vectors bringing an emerging model for the source of those mineralizing fluids into sharper focus.
Drilling at the ARZ, which we now strongly believe is the same mineralizing event as SPE, has demonstrated that the highest gold grades occur at the intersection of these structural corridors where hydrothermal activity was strongest. Our task now is to map those key fluid pathways and test the intersections at SPE and elsewhere within the district, where we believe the best grades remain to be found, guided by trace element vectors and newly identified hyperspectral alteration zones.”