Completion Of Four RC Holes At The Atlanta Gold Mine Project

VANCOUVER - Nevada King Gold Corp. reported on four vertical, reverse circulation (RC) holes recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the Battle Mountain Trend. The holes infill gaps along previously reported Sections 22-6N and 22-6N(W), and are plotted in plan and along an updated Section 22-6N(2), a 500m-wide cross section starting east of the pit and transiting the full extents of both the Atlanta Mine Fault Zone (AMFZ) and the West Atlanta Graben (WAG).

Mineralization occurs along near-horizontal horizons with true mineralized thicknesses in vertical holes estimated to be 95% to 100% of reported drill intercept length. Intervals of 3.39 g/t Au over 100.6m in AT23HG-30 and 2.67 g/t Au over 73.2m in AT23HG-28 were both drilled proximal to and west of the West Atlanta Fault (WAF). These impressive grades over significant thicknesses continue to point to the WAF as a major feeder structure responsible for concentrating high-grade gold mineralization at Atlanta. Moving further west across the WAG, historical hole AR-27, located 30m from AT23HG-30 intercepted 99.1m grading 0.73 g/t Au while 25m further west, today's AT23HG-22 cut 141.8m grading 0.55 g/t Au near the middle of the WAG. Continuing west again, grades pick up as the West Atlanta Fault #2 (WAF2) is approached, as seen in AT22SE-42 (163.1m @ 0.98 g/t Au) and AT22SE-4 (181.4m @ 1.03 g/t Au), suggesting the WAF2 is also a feeder structure. The Company is currently drilling in proximity to WAF2 to better understand its significance.

AT23HG-30 is also notable as the first hole at Atlanta to encounter gold mineralization in the Pogonip Limestone (Op) formation, intercepted at 369m depth as the hole crossed the WAF. This is potentially significant as Pogonip Limestone serves as the main ore host at the Archimedes deposit (2.1 Moz) in Eureka, Nevada. Pogonip Limestone underlies the high quartzite ridge immediately southeast of the Atlanta pit and this ridge appears to have been uplifted about 300m across the South Fault, meaning future drilling could target this newly identified mineralizerd horizon at shallow depths beneath 30m to 60m of barren quartzite within a completely untested area approximately 500m wide by 2000m long.?Aside from the high gold grade and the mineralized Pogonip Limestone at depth, AT23HG-30 also returned significant molybdenum (Mo) and yttrium values. Exhibiting a strong spatial relationship with gold, Mo is enriched starting at 195m depth and continues to the bottom of the hole at 392m, averaging 1227ppm (or 0.12%) Mo over 197m, with individual 1.52m drill intervals ranging up to 8785ppm (0.87%) Mo. The Company is continuing to review these results and their potential significance.

Cal Herron, Exploration Manager, said, "These new results add to the success of our exploration model – identifying high-angle faults responsible for channeling Au/Ag bearing fluids into the basement and volcanic host rocks and then following these structures along strike. This has allowed us to define significant areas of higher grade "core zones" proximate to the feeder zones as well as thick mineralized zones emanating from and occurring beween major faults. On the west side of the West Atlanta Graben, we think the West Atlanta #2 Fault is another feeder structure, and we are just now in the process of drilling it, looking for higher grade, thicker mineralization along the graben's western margin. Overall, today's remarkable highlight intervals that include the identification of new gold-bearing host rock in the Pogonip Limestone formation and the discovery of highly anomalous molybdenum grades, serves to stoke our enthusiasm about the potential for continued discovery and resource growth at Atlanta."