Nevada King Gold Receives Plan Of Operation From BLM For Iron Point Project

VANCOUVER - Nevada King Gold Corp. reported that the Bureau of Land Management (BLM) has approved the Plan of Operation for its Iron Point Project which will allow for further advancement including future expanded drilling targeted at resource definition.  

The Plan allows for comprehensive exploration access to a 4 km2 core area within the 61.5 km2 project area. Will now accommodate construction of evenly spaced in-fill drill patterns for advancing the vanadium resource, as well as facilitating drill exploration of the deep Carlin-type gold mineralization Nevada King discovered in 2019. The cultural and biological clearance contained in the FONSI (Finding of No Significant Impact) decision included with the Plan obviates restrictions on the ground investigations and additional testwork required for planning and siting critical mine infrastructure. The Company continues to advance toward completion of a PEA for the vanadium project. At the same time the Company is on-going with its exploration of Carlin-type gold mineralization in Lower Plate carbonates beneath the Roberts Mountain Thrust and will provide a separate update on these plans shortly.

Paul Matysek, Founder & Executive Chairman, said, "Receiving this Plan of Operations provides us with significantly enhanced flexibility to both advance the Iron Point vanadium project and to drill the project for deep Carlin-type gold mineralization. This Plan approval is a key step toward unlocking the mineral potential at Iron Point. We look forward to moving the vanadium project through the PEA process and at the same time expand the multiple gold zones discovered along a 5km long structure corridor during our 2019 deep drilling program. Our team has been working hard over the past two years to better understand the distribution and geometry of deep Carlin-type gold mineralization at Iron Point."