Nevada King Gold Corp.‘s(TSXV: NKG) (OTCQX: NKGFF) latest drill results have discovered thick intersections of high-grade gold in a new target area outside of its standard drilling location in the Atlanta Mine Fault Zone (AMFZ).
The company reported the results of its recent 12 vertical, reverse circulation holes, eight of which came from this new discovery territory, which the company is calling the Wild West Zone (WWZ). The new zone has a width of 150 meters to 200 meters over a minimum of 500 meters north-south strike length.
The new zone has been discovered in an area previously believed to be unmineralized on the west side of the West Atlanta Fault #2 (WAF2). This fault defines the western boundary of the West Atlanta Graben Zone (WAGZ) and the Atlanta resource zone.
Recent drilling, along with two historical holes (DHRI-11-11C and KR98-13), has defined the WWZ, which spans up to 200m in the east-west direction and over 500m in the north-south direction. Additionally, the zone remains open to the west and south. Notable intervals include several high-grade intercepts, such as AT24WS-83, which returned 4.67 g/t Au over 42.7m, including 7.94 g/t Au over 18.3m.
The geology here is significant because it mirrors the high-grade metal associations found in nearby productive zones, suggesting potential for substantial mineral deposits.
Resistivity chart at WWZ. Image via Nevada King Gold Corp.
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The WWZ brings back high mineralization
The Wild West Zone centres on discovery hole AT24WS-69, which brought back 1.48 g/t Au over 73.2m including 4.97 g/t Au over 4.6m. Additionally, Nevada King has sited the hole approximately 80 meters west of the WAF2.
Furthermore, the company encountered strong mineralization south, west and northwest of this hole.
This includes:
- AT24WS-83 with 4.67 g/t Au over 42.7m including 7.94 g/t Au over 18.3m,
- AT24WS-80 with 2.66 g/t Au over 35.1m, including 5.06 g/t Au over 9.1m,
- AT24WS-79 with 1.56 g/t over 36.6m including 3.79 g/t over 4.6m and bottoming in mineralization,
- AT24NS-193 and AT24NS-194 with 50.3m of 1.29 g/t Au including 3.72 g/t Au over 3m and 42.7m of 2.08 g/t Au including 6.32 g/t Au over 6.1m, respectively.
Nevada King CEO Cal Herron said that the 42.7 meters at 4.67 gold intercept at AT24WS-83 shows a significant new intercept in an underexplored part of the Atlanta property.
“This hole comes on the heels of another significant hit in AT24HG-41 [6.28 g/t Au over 54.9m], beneath a barren cap of massive quartzite at the northern end of the South Quartzite Ridge Target,” said Herron.
Herron notes that drilling outside the Atlanta resource zone, in areas previously underexplored, has boosted optimism for further discoveries.
The new Wild West Zone presents new targets to explore south, southwest, and at depth.
This success supports the ongoing regional drilling program aimed at geophysical targets in unexplored areas. Furthermore, Nevada King is expanding its exploration beyond the historically examined Atlanta deposit, and the promising drill results suggest potential for more discoveries.
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Nevada is home to high level gold production
Nevada is a prime location for gold producers due to its rich mineral deposits, favourable mining regulations, and well-established infrastructure. The state hosts some of the world’s largest and most productive gold mines, benefiting from the prolific Carlin Trend and other mineral-rich regions. Also, Nevada’s mining-friendly policies and efficient permitting processes further enhance its appeal to gold producers.
For instance, NevGold Corp (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) operates the Limousine Butte Project in Nevada, which holds promising gold resource potential.
US Gold Corp. (NASDAQ: USAU) is advancing the Keystone Project, also located in Nevada, where it is exploring the potential of significant gold mineralization.
Additionally, Barrick Gold (TSX: ABX) (NYSE: GOLD) manages several key properties in Nevada. These properties include the Carlin Trend operations, such as the Carlin and Goldstrike mines, which are renowned for their substantial gold reserves and production capabilities.
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