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• NKG has launched its fully funded 20,000m Phase 4 program to advance multiple high-priority regional targets at its Atlanta property.
• Silver Park East will receive 5,000m out of the 20,000m of drilling to tighten spacing, test structural intersections and evaluate Inferred-resource potential.
• The remaining 15,000m will focus on Atlanta South, Atlanta North and Western Rim, with two rigs already active.
• We recently initiated coverage on Nevada King. Read our report here.
This morning, Nevada King Gold Corp. (NKG:TSXV, NKGFF:OTC) announced the launch of its fully funded 20,000m Phase 4 exploration program at its Atlanta Gold Project in Nevada. The program is designed to advance multiple high-priority regional targets that emerged from Phase 3 (just completed), including Silver Park East, Atlanta South, Atlanta North and Western Rim (see below for more details). We view Silver Park as a key target for resource growth in the near term and could be a meaningful contributor to future economic studies. We remind readers of NKG’s extremely low cost of drilling (under $75 per meter), which allows the Company to rapidly explore targets while minimizing dilution to shareholders. We are maintaining our BUY rating and target price of C$0.40/share on Nevada King Gold.
NKG has now completed its 30,000m Phase 3 exploration program, which was the Company’s first major regional drill program and successfully identified new near-surface oxide mineralization at Silver Park East, Atlanta South and Atlanta North, leaving substantial promise for resource expansion. For additional background on past drilling and NKG’s Phase 1 and Phase 2 programs, please read our initiation report here.
The newly announced Phase 4 program will include 5,000m at Silver Park East to tighten drill spacing and evaluate Inferred-resource potential across the current 450m by 300m mineralized footprint. The remaining 15,000m will be directed toward advancing Atlanta South, Atlanta North and Western Rim. Two rigs are already active at Silver Park East and Atlanta South, with drilling set to move north and west as sequencing progresses.
The Company will host a webinar on Monday, December 15th at 12 PM ET/9 AM PT to discuss the Phase 4 program in greater detail. Click here to register.
NKG: Launches its Fully Funded 20,000m Phase 4 Drill Program
What you need to know:• NKG has launched its fully funded 20,000m Phase 4 program to advance multiple high-priority regional targets at its Atlanta property.
• Silver Park East will receive 5,000m out of the 20,000m of drilling to tighten spacing, test structural intersections and evaluate Inferred-resource potential.
• The remaining 15,000m will focus on Atlanta South, Atlanta North and Western Rim, with two rigs already active.
• We recently initiated coverage on Nevada King. Read our report here.
This morning, Nevada King Gold Corp. (NKG:TSXV, NKGFF:OTC) announced the launch of its fully funded 20,000m Phase 4 exploration program at its Atlanta Gold Project in Nevada. The program is designed to advance multiple high-priority regional targets that emerged from Phase 3 (just completed), including Silver Park East, Atlanta South, Atlanta North and Western Rim (see below for more details). We view Silver Park as a key target for resource growth in the near term and could be a meaningful contributor to future economic studies. We remind readers of NKG’s extremely low cost of drilling (under $75 per meter), which allows the Company to rapidly explore targets while minimizing dilution to shareholders. We are maintaining our BUY rating and target price of C$0.40/share on Nevada King Gold.
NKG has now completed its 30,000m Phase 3 exploration program, which was the Company’s first major regional drill program and successfully identified new near-surface oxide mineralization at Silver Park East, Atlanta South and Atlanta North, leaving substantial promise for resource expansion. For additional background on past drilling and NKG’s Phase 1 and Phase 2 programs, please read our initiation report here.
The newly announced Phase 4 program will include 5,000m at Silver Park East to tighten drill spacing and evaluate Inferred-resource potential across the current 450m by 300m mineralized footprint. The remaining 15,000m will be directed toward advancing Atlanta South, Atlanta North and Western Rim. Two rigs are already active at Silver Park East and Atlanta South, with drilling set to move north and west as sequencing progresses.
The Company will host a webinar on Monday, December 15th at 12 PM ET/9 AM PT to discuss the Phase 4 program in greater detail. Click here to register.
Underlying
Nevada King Gold Corp.
Provider
Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Ben Pirie
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