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Wednesday, Feb 8, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Nevada King becomes 3rd largest mineral claim holder in Nevada

The Vancouver company is now second only to Nevada Gold Mines and Kinross Gold in ‘lode claim tenure’

Nevada King becomes 3rd largest mineral hard rock claim holder in Nevada
German geology student (left) completing internship at Atlanta Gold Mine Project. Photo via Nevada King

Nevada King Gold Corp. (TSX-V: NKG) (OTCQX: NKGFF) has significantly expanded its number of mineral claims and overall strategic land package in Nevada’s Battle Mountain Trend.

On Thursday, the company announced that during 2022 it had acquired an additional 1,825 mineral claims spanning 147 square kilometres.

Nevada King now owns 10,315 lode claims across about 835 square kilometres, making the company the third-largest mineral hard rock claim holder in the state behind only Kinross Gold Corporation (TSX: K) (NYSE: KGC) and Nevada Gold Mines.

Read more: 2023 will be a ‘very strong’ year for gold mining: NevGold

Read more: NevGold issues $1.5M in shares to GoldMining Inc. for Nutmeg Mountain project

“Nevada King was formed in 2016 with an aim to assemble a formative land package along the most prolific gold trend in the world’s premier mining jurisdiction,” said Collin Kettell, CEO and Founder of Nevada King.

“Today, we rank behind just two mining juggernauts – Kinross and Nevada Gold Mines – in lode claim tenure. No other junior company ranks in the top seven list of claimholders.”

Nevada King plans to locate even more claims this year and says the majority of the ground it has acquired was gained through staking, which has allowed the company to avoid any underlying net smelter royalties, work commitments or option payments.

Ninety-eight per cent of the company’s land holdings are free of any royalties as a result.

Read more: Getchell Gold Colorado assays display significant gold mineralization intervals

Read more: Nevada King expands Nevada drill program by 33% to 30K metres

Nevada King becomes 3rd largest mineral claim holder in Nevada

Photo via Nevada King

Kettell added that the company’s land package and success with the Atlanta Gold Mine Project make Nevada King a formidable prospect for investors. Multiple major and mid-tier mining companies have been entering Nevada since 2020 and he says the company was built to thrive in the state’s increasingly competitive landscape.

Read more: NevGold’s oxide gold drill program in Nevada finds positive results

Read more: Nevada King intercepts high-grade gold at Atlanta Gold Mine

NevGold Corp. (TSX-V: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) is one of those companies. The Vancouver gold producer’s CEO described the results from ongoing drilling at its Limousine Butte project in Nevada as “fantastic.”

Between the Nevada project and the company’s Idaho operation, NevGold plans to be able to deliver a 3 million-ounce gold resource by the end of June.

NevGold stock dipped by 2.6 per cent today to $0.38 on the TSX Venture Exchange.

 

NevGold is a sponsor of Mugglehead news coverage 

 

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