Nevada King Gold Corp Stock Price, News & Analysis

Nevada King Gold (OTCQB: NKGFF) reported positive Phase 2 metallurgical test results from its Atlanta Gold Mine Project, confirming conventional oxide processing with a simplified flowsheet. The comprehensive testing program, which included 26 drill core composites in Phase 2 and 22 composites in Phase 1, demonstrated strong gold recoveries across key mineralized units.

Fine milling showed weighted average gold extractions of 90.1% for non-silicified volcanics, 86.1% for silicified volcanics, and 87.7% for silica breccia. Column leaching of crushed material achieved 83.1% extraction for non-silicified volcanics. The revised flowsheet simplifies operations by replacing three-stage crushing with primary and secondary crushers and eliminating convey-stack processing.

Nevada King Gold Corp announced an updated Mineral Resource Estimate for its Atlanta Gold Mine Project in Nevada, showing significant growth in resources. The Measured and Indicated resources more than doubled to 1,019,600 ounces of gold at 1.14 g/t, representing a 122% increase from the 2020 estimate. The resource includes a high-grade core of 524,000 ounces averaging 3.99 g/t Au. The pit-constrained, oxide resource assumes a US$2,200/oz gold price and conventional Nevada oxide processing methods. The project demonstrates strong potential for expansion with mineralization open to the north, south, and west, plus recent discoveries at Silver Park. The resource estimate was prepared by RESPEC, with 91% of total gold ounces in the higher confidence M&I categories.

Nevada King Gold (NKGFF) reports significant drilling results from its Silver Park target at the Atlanta Gold Mine Project in Nevada. The company's Phase III regional drill program revealed a strong geological connection between Silver Park and the Atlanta Resource Zone, with highlight hole AT25SP-21 intercepting 1.11 g/t AuEq over 25m. The discovery demonstrates that both areas are part of the same mineralizing system, occurring within identical host rocks and stratigraphic positions. This marks a major shift from previous understanding, suggesting potential for another Atlanta-type deposit. The mineralized area at Silver Park spans 3km E-W x 1km N-S, with twelve holes showing elevated gold, silver, and arsenic values. The company plans follow-up drilling to further define near-surface, oxidized gold-silver zones at both Silver Park East and West.

Nevada King Gold (OTCQB: NKGFF) has expanded its Phase III drill program at the Atlanta Gold Mine Project from 20,000m to 30,000m. The company has completed 88 RC holes totaling 21,300 metres across an 18km² area along the Atlanta caldera margins.

The program has identified three major exploration areas: Atlanta South, Atlanta North, and Silver Park. Two RC drills are currently operating, with one focusing on early-stage targets at Atlanta North and Silver Park, while the other tests prospective host rocks beneath the quartzite cap at Atlanta South.

Notable highlights include hole AT24HG-41 at Atlanta South, which yielded 6.28 g/t Au over 54.9m. The Silver Park Target features historical high-grade silver production exceeding 2,600 oz/t Ag, while Atlanta North extends 4.5km northward with rock chip samples grading up to 0.84 g/t Au in silicified dolomite.

Nevada King Gold Corp. (NKGFF) has announced final results from its Phase II drill program at the Atlanta Gold Mine Project in Nevada. Key findings include:

- Hole AT23NS-119: 2.44 g/t Au and 55.8 g/t Ag over 90.0m
- Core hole AT23NS-117C: 3.17 g/t Au and 41.4 g/t Ag over 60.1m
- AT23HG-40: 4.97 g/t Au and 162.9 g/t Ag over 27.4m

The drilling program has more than doubled the known mineralized footprint at Atlanta, with mineralization remaining open along trend to the north, south, and west. A new high-silver horizon was discovered in hole AT24WS-87, representing a potential new exploration target within the caldera moat sequence.

Nevada King Gold has announced significant drilling results from its Atlanta Gold Mine Project in Nevada. Key highlights include hole AT23WS-53 intercepting 2.72 g/t Au over 64m including 4.29 g/t Au over 29m, and AT24WS-67 yielding 1.56 g/t Au over 82.3m.

The drilling program successfully extended pit mineralization northward into the southern margin of the North Extension Target (NET). Notable results were found along the West Atlanta Fault #1, where higher grades were concentrated. The company is now moving forward with its Phase III regional exploration program, focusing on testing priority targets around the Atlanta Caldera's outer ring-fracture zone.

The exploration strategy involves tracking mineralization along the Tertiary-Paleozoic unconformity and using high-resolution geophysical data to identify prospective structural 'traps' for mineralization.

Nevada King Gold (OTCQB: NKGFF) has received BLM approval for a modification to its existing 45km² Plan of Operations at the Atlanta Gold Mine Project in Nevada. The approval allows for 47 additional drill sites and 1.9km of new drill road construction. Since October 16, 2024, the company has completed 11,870m (49 holes) of a planned 20,000m reverse circulation drilling program.

Road construction began on January 29, with 650m of new roads completed along the South Quartzite Ridge Target (SQRT) as of February 3. The new infrastructure will enable drill-testing of 600m of strike length within SQRT's central portion, where CSAMT data indicates potential gold mineralization at 150m depth. Two drill rigs are currently operating at the site, focusing on expanding mineralization along the SQRT and identifying new satellite deposits within the Atlanta District.

Nevada King Gold (NKGFF) has provided an update on its Phase III regional drill program at the Atlanta Gold Mine Project in Nevada. The company has completed 26 reverse circulation holes totaling 6,600m of a planned 20,000m drilling program since November 19, 2024.

The primary objective is to expand mineralization south from the Atlanta resource zone into the South Quartzite Ridge Target (SQRT) and discover new satellite deposits. The SQRT extends 2.5km south from the resource zone and is 500m wide.

The company has submitted Permit Modification 3 to the BLM for 47 additional drill sites and 1.9km of new drill road construction. Notable surface samples from previously untested areas have returned gold values up to 0.82 g/t. The company has also granted 6,800,000 stock options to directors and officers, exercisable at $0.35 until January 6, 2030.

Nevada King Gold reviews its 2024 achievements at the Atlanta Gold Mine Project and outlines plans for 2025. The company made three significant discoveries in 2024, including the South Quartzite Ridge Target (SQRT) yielding 6.28g/t Au over 54.9m. The company completed 17,007 metres of drilling across 75 RC holes and one core hole in 2024, as part of its larger Phase II program totaling 84,284m from 450 holes.

Key 2024 highlights include raising C$21.6M, positive metallurgical test results showing 86-92% recovery for high-grade gold, and the commencement of Phase III drilling program. The Phase III program is planned for 20,000m with potential to expand to 30,000m, focusing on SQRT follow-up and testing 12 regional targets.