Nevada King Gold‘s (CVE: NKG) (OTCMKTS: NKGFF) has uncovered evidence that there may be more gold and silver mineralization than what it originally thought at its Atlanta Gold Mine Project in Nevada.
The company reported the finding on Thursday as part of an update regarding its Phase III regional drill program at Silver Park target in Nevada. The drill program also includes results from 25 reverse-circulation (RC) drill holes in the Battle Mountain Trend, which is approximately 264 kilometers northeast of Las Vegas.
Drilling at Silver Park shows it shares geology and chemistry with the Atlanta Resource Zone, proving both formed from the same gold-silver event. Furthermore, gold and silver appear in the same rocks and layers of the Atlanta Caldera.
Additionally, the main gold-bearing layer at Atlanta becomes shallower about 500 metres west, flattening and continuing into Silver Park. Therefore, drill results over 3 km confirm this layer and link it to the same gold-producing intrusions as Atlanta.
This discovery changes Silver Park’s status from low-potential surface mineralization to a deeper system like the Atlanta Resource Zone. Meanwhile, drilling revealed a large untapped area west of Atlanta, potentially hosting another major gold-silver deposit.
Twelve drill holes hit elevated gold, silver, and arsenic across 3 km.
Notably, hole AT25SP-21, 2 km from Atlanta, intersected 1.11 g/t AuEq over 25m within three gold zones averaging 0.47 g/t over 92m. The reading for this is that this hole confirms strong, shallow mineralization like that at Atlanta.
Nevada King Gold plans to continue with follow up drilling to further define any near-surface, gold-silver zones at both Silver Park East and West.
Read more: Calibre securityholders give assent for Equinox Gold merger
Read more: Calibre Mining shareholders can get 4% higher stake once Equinox Gold merger is finalized
Carlin-style gold mineralization defines the trend
The Atlanta Resource Zone isn’t the only resource in the Battle Mountain Eureka-Trend.
The trend is actually one of the most prolific gold belts in North America, hosting multiple world-class deposits. It stretches over 200 kilometers and has produced tens of millions of ounces of gold.
A defining feature of the trend is its Carlin-style gold mineralization. This type of mineralization is characterized by microscopic gold particles disseminated in sedimentary rocks, often invisible to the naked eye. Furthermore, these deposits are typically oxidized and amenable to heap leaching.
Calibre Mining Corp (TSE: CXB) (OTCMKTS: CXBMF) (FRA: WCLA) operates the Pan Mine and the Gold Rock Project on this trend. They are located roughly 28 km apart in eastern Nevada. The Pan Mine is a producing open-pit, heap-leach operation with Carlin-style mineralization. It began commercial production in 2017 and continues to expand through aggressive drilling, targeting extensions of high-grade zones near surface.
Nearby, the Gold Rock Project represents Calibre’s growth pipeline.
A former producer known as Easy Junior, this project sits in a largely underexplored area despite historical success. Additionally, Calibre’s 2023 feasibility study confirmed strong potential for future development, with significant upside through ongoing resource expansion and district-scale exploration.
.
Calibre Mining is a sponsor of Mugglehead news coverage
.
joseph@mugglehead.com
