WAF1

NEVADA KING REVIEWS 2023 ACHIEVEMENTS AT ITS ATLANTA GOLD MINE PROJECT - DRILLS 50,000M, INCREASES LAND PACKAGE, AND CONFIRMS NEW GEOLOGICAL MODEL

Retrieved on: 
Thursday, December 28, 2023
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Drilled seven diamond drill holes and 202 reverse circulation holes at Atlanta accounting for over 50,000 metres during the 2023 calendar year.

Key Points: 
  • Drilled seven diamond drill holes and 202 reverse circulation holes at Atlanta accounting for over 50,000 metres during the 2023 calendar year.
  • Expanded Phase II drill program from 20,000m to 60,000m following a series of exploration successes that leveraged off new geological modeling.
  • Atlanta Exploration & Drilling Highlights:
    One year ago today, Nevada King released an updated geologic model that represented a significant departure from the historical interpretation of the Atlanta Au-Ag epithermal system.
  • The prior model constrained the distribution and tenor of gold mineralization to a single fault structure.

NEVADA KING INTERCEPTS 1.74 G/T AU OVER 114.3M, 1.05 G/T AU OVER 89.9M, AND 1.09 G/T AU OVER 61M, EXTENDS WEST ATLANTA GRABEN AT ATLANTA

Retrieved on: 
Tuesday, August 22, 2023
WAG, WAF, WAF1, Printed circuit board, Road

Mineralization occurs along sub-horizontal horizons

Key Points: 
  • Mineralization occurs along sub-horizontal horizons
    of reported vertical drill intercept length.
  • 1.74 g/t Au over 114.3m in AT23WS-34 is a 14m step-out from historical hole DHRI-15-LRC1 that cut 1.66 g/t Au over 102.1m and bottomed in mineralization, thus extending mineralization 12m deeper while also confirming the Au/Ag grades reported in DHRI-15-LRC1.
  • 1.09 g/t Au over 61m in AT23NS-105 is an 8m step-out from historical hole DHRI-11-MRC4 (3.27 g/t Au over 22.9m), which bottomed in mineralization.
  • Of the three holes drilled along the West Atlanta Fault #1 ("WAF1"), AT22WS-11 showed the best result, averaging 1.05 g/t Au over 89.9m, while the adjacent holes AT22WS-6 and 7 intercepted 0.56 g/t Au over 111.3m and 0.59 g/t Au over 94.5m, respectively.