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• NKG reported oxide gold-silver assays from nine RAB holes at the Silver Park East target, testing step-outs directly west and ~350m south.
• Drilling extended the target west by ~50m and outlined new surface mineralization, defining an expanded ~300m x 500m footprint.
• Phase 4 drilling is ongoing, with only ~2,100m of the 20,000m program completed and further results are expected soon.
• We recently interviewed CEO John Sclodnick; watch the full video here.
This morning, Nevada King Gold Corp. (NKG:TSXV, NKGFF:OTC) reported new oxide gold-silver assay results from drilling at its Silver Park East (SPE) target, located ~2km west of the Atlanta Resource Zone at the Company’s Atlanta Gold Mine Project in Nevada. The release marks another step in advancing SPE as a core area for near-term resource growth, with drilling designed to expand the mineralized footprint beyond the main zone and test for continuity along the same structural corridor that hosts the Atlanta Resource Zone. Phase 4 drilling is ongoing, and we are excited for the follow-up results to come. We are maintaining our BUY rating and target price of C$0.40/share on Nevada King Gold.
The latest drilling focused on step-out testing both directly west (4 holes) of the main SPE zone and ~350m to the south (5 holes), with both areas intersecting oxide gold-silver mineralization starting at or near surface.
Highlights include:
• 0.93 g/t AuEq over 14.6m, starting at 7.3m depth (south)
• 0.69 g/t AuEq over 14.6m, starting at surface (south)
• 0.52 g/t AuEq over 9.8m, starting at 2.4m depth (south)
• 0.23 g/t AuEq over 29.3m, starting at surface (west)
Drilling to the west extended mineralization by ~50m, while the southern holes outlined a new area of surface mineralization that appears to be shallowing out. Together, these results confirm mineralization across an expanded ~300m by ~500m footprint at SPE and highlight clear potential for expansion by closing the gap between these target zones, which NKG plans to drill.
NKG: SPE Footprint Expanded to 300m by 500m
What you need to know:• NKG reported oxide gold-silver assays from nine RAB holes at the Silver Park East target, testing step-outs directly west and ~350m south.
• Drilling extended the target west by ~50m and outlined new surface mineralization, defining an expanded ~300m x 500m footprint.
• Phase 4 drilling is ongoing, with only ~2,100m of the 20,000m program completed and further results are expected soon.
• We recently interviewed CEO John Sclodnick; watch the full video here.
This morning, Nevada King Gold Corp. (NKG:TSXV, NKGFF:OTC) reported new oxide gold-silver assay results from drilling at its Silver Park East (SPE) target, located ~2km west of the Atlanta Resource Zone at the Company’s Atlanta Gold Mine Project in Nevada. The release marks another step in advancing SPE as a core area for near-term resource growth, with drilling designed to expand the mineralized footprint beyond the main zone and test for continuity along the same structural corridor that hosts the Atlanta Resource Zone. Phase 4 drilling is ongoing, and we are excited for the follow-up results to come. We are maintaining our BUY rating and target price of C$0.40/share on Nevada King Gold.
The latest drilling focused on step-out testing both directly west (4 holes) of the main SPE zone and ~350m to the south (5 holes), with both areas intersecting oxide gold-silver mineralization starting at or near surface.
Highlights include:
• 0.93 g/t AuEq over 14.6m, starting at 7.3m depth (south)
• 0.69 g/t AuEq over 14.6m, starting at surface (south)
• 0.52 g/t AuEq over 9.8m, starting at 2.4m depth (south)
• 0.23 g/t AuEq over 29.3m, starting at surface (west)
Drilling to the west extended mineralization by ~50m, while the southern holes outlined a new area of surface mineralization that appears to be shallowing out. Together, these results confirm mineralization across an expanded ~300m by ~500m footprint at SPE and highlight clear potential for expansion by closing the gap between these target zones, which NKG plans to drill.
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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