Land Package Has Been Doubled At Atlanta Gold Mine Project

VANCOUVER - Nevada King Gold Corp. reported that it recently staked an additional 947 lode claims around the existing Atlanta land package, increasing total claims held to 1,562, covering 131 km2 or 13,100 hectare. The Atlanta Gold Mine Project is located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. The land package now covers and creates a buffer around all high-priority gold prospects in and around the Atlanta district identified historically and by Nevada King through its geophysical, geological, and geochemical studies conducted since 2019.

The Company has  commenced a Phase II CSAMT (Controlled Source Audio-frequency Magneto-tellurics) survey, a low-impact, non-intrusive, ground geophysical survey method that provides critical information about geologic structure and lithology, particularly in debris covered terrain such is as at Atlanta. It initially conducted a 51 line kilometre Phase I CSAMT survey in 2022 that covered 8.3 km2 centred over the current resource zone. Results outlined known structural features and faults and identified a number of new structures and high-priority targets at Atlanta, two of which led to the development of the East Ridge and South Extension Targets. Based on the CSAMT survey's high degree of accuracy with respect to locating mineralized structures, the Company has expanded the survey to 111 line-kilometres in order to cover potential distal target areas throughout the Atlanta district.  The new CSAMT data will be  integrated with  56 km2 of detailed ground gravity, 119 km2 of drone magnetic surveys and geochemical data as well as existing showings in order to  enhance the existing exploration model. The Company anticipates releasing a detailed review of district targets at Atlanta in the coming weeks.

Cal Herron, Exploration Manager, said, "Nevada King's initial interest in acquiring the Atlanta Project centred on the district-scale potential connected to hydrothermal activity localized around the perimeter of the Indian Peak caldera. Our drilling within the West Atlanta Graben target in late 2022 and early 2023 revealed potential for a much larger deposit hosted within the Tertiary volcanic section above the basement Paleozoic carbonates and quartzite. This West Atlanta Graben mineralization opened our eyes to the potential in the altered volcanic section west and south of the current Atlanta resource zone. Our district scale work has succcesfully identified numerous structural trends between various mineralized zones scattered across the district, thus occasioning the recent, major expansion in our claim holdings. The Company now possesses a substantial claim buffer zone outside of what we perceive to be the limit of volcanic-hosted mineralization around the Atlanta deposit."