Staking Of Additional Claims At Iron Point Gold Project And 5,000m Drilling Campaign

VANCOUVER - Nevada King Gold Corp. reported, at the Iron Point Gold Project located in Humboldt County, Nevada, it has recently staked 303 lode claims (6,060 acres), bringing the total land package to 1,188 lode claims and four patented claims or approximately 84 km2. The additional claims extend the project area along trends to the southwest. A soil sampling program is currently underway on a 200m x 100m grid to infill gaps in historic data across the existing claim block. Results will be analyzed to determine mineralized trends across the project area and used to guide future exploration efforts. Reconnaissance mapping is being conducted to gain a better understanding of the district-scale geology and structures present around the current gold targets. anticipates launching a 5,000m diamond drill program at Iron Point this fall to test deep gold mineralization hosted in Lower Plate carbonate rocks beneath the Roberts Mountain Thrust.

Geoff Sterling, Project Manager, said, "The 2021 deep drilling program at Iron Point is designed to follow-up on the results of the 2019 program and at the same time test additional targets developed during the past year's systematic data review with step-out holes. Multiple geophysical surveys conducted in 2020 including gravity, CSAMT, and aeromagnetics, together with soil anomalies and historical drill results, have identified a NNW-trending structural corridor of alteration and gold mineralization centered on the Iron Point intrusive complex. Scout drillhole VM-008C intersected significant intervals of lower grade gold mineralization up to 0.22 g/t Au and bottomed in six meters averaging 0.17 g/t Au, indicating potential for higher grade gold mineralization at depth. Hole VM-008C confirmed the existence of Lower Plate carbonate-hosted gold mineralization at Iron Point, and significant historical gold drill intercepts in Upper Plate rocks elsewhere across the the entire district now need to be tested with deeper drilling."