Expansion Of Silver Park East Mineralization

VANCOUVER – Nevada King Gold Corp. reported on the Silver Park East (SPE) target, located approximately 2km west of the Atlanta Resource Zone (ARZ), within the tlanta Gold Mine Project in eastern Nevada. The results include assays from four holes drilled directly west of SPE, as well as five holes drilled 350m to the south of SPE. Both areas returned at-surface, oxide gold-silver mineralization.
Highlight oxide gold intervals 350m south of SPE include: 1) 0.93 g/t AuEq over 14.6m starting at 7.3m depth and ending in mineralization in hole B25-101. 2) 0.69 g/t AuEq over 14.6m starting at surface and ending in mineralization in hole B25-100. 3) 0.52 g/t AuEq over 9.8m starting at 2.4m depth in hole B25-96.
These results outline at surface oxide gold-silver mineralization 350m south of the main SPE zone. Mineralization found at both the main SPE zone and in today’s holes is hosted along the unconformity, the main control of mineralization at Atlanta, which appears to be shallowing out to the south where it has now been intercepted at surface.
Highlight oxide gold interval directly west of SPE: 1) 0.23 g/t AuEq over 29.3m starting at surface and ending in mineralization in hole B25-110.
Additional drilling on the west side of the SPE target extends the main SPE zone a further 50m west and now confirms gold and silver mineralization across a 300m by 500m footprint at SPE, while demonstrating a clear link toward the mineralization encountered at surface a further 350m to the south. Additional drilling is planned to connect these two zones, which would significantly increase the size of the SPE target.
Phase 4 drilling continues at SPE with one reverse circulation (RC) drill rig currently infilling gaps within the main mineralized footprint to establish continuity. A RAB drill, capable of reaching depths up to 30 metres, was deployed across the Silver Park area to assess shallow geochemical anomalies and gold-silver mineralization beneath post-mineral cover. Highlight holes B25-100 and B25-101, as well as B25-108, all bottomed in mineralization with the shallow RAB drill.
Justin Daley, VP Exploration of Nevada King, said, “These shallow RAB results confirm that Silver Park East is larger than we initially recognized. Expanding the footprint to 300 metres by 500 metres and identifying surface mineralization 350 metres to the south highlights the scale of the system. Importantly, the mineralization occurs in the same silicified breccia, at the same unconformity, and along the same structural corridor as the Atlanta Resource Zone, reinforcing our view that these are parts of a large-scale system. Our next step is to close the remaining gaps with RC drilling as we work toward defining a continuous oxide gold envelope.”