Hoho, Nevada King geht ab +35% nach diesen Bohrergebnissen...
NEVADA KING STRIKES BONANZA OXIDE GOLD WITH 11.64 G/T AU OVER 108.3M, INCLUDING 37.16 G/T AU OVER 29M AT ATLANTA
VANCOUVER, BC, Oct. 2, 2023 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) (OTCQX: NKGFF) ("Nevada King" or the "Company") is pleased to announce assay results from three, vertical reverse circulation ("RC") holes recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend. These holes were drilled northwest of the Atlanta pit to fill-in drill hole gaps across the northern part of the West Atlanta Graben Zone ("WAGZ") identifed in Section 22-15N initially reported on April 27, 2023. The three holes reported today are plotted on plan and section in Figures 2 and 3.
Highlights:
Hole No.
| From (m)
| To (m)
| Interval (m)
| Au (g/t)
| Ag (g/t)
|
AT23WS-44
| 214.9
| 323.2
| 108.2
| 11.64
| 17.4
|
Includes
| 274.4
| 303.4
| 29.0
| 37.16
| 34.4
|
Includes
| 283.5
| 286.6
| 3.0
| 162.6
| 15.6
|
Table 1. Highlight hole released today. This hole is interpreted to have intersected a sub vertical feeder zone cutting through a flat-lying horizon of mineralization that generally dips westward. For discussion of true thickness, see detailed interpretation section and accompanying discussion below.
- 11.64 g/t Au over 108.2m, including 37.16 g/t Au over 29.0m in AT23WS-44 is the most gold rich drill hole ever recorded at Atlanta and contains the highest-grade individual drill assay interval ever reported from the project of 169.8 g/t Au over 1.5m. See Table 2 below for a detailed breakdown of the full 29m high grade interval and Table 3 for the complete detailed breakdown of the 108.2m intercept.
- AT23WS-44 was sited 120m northwest of the Atlanta pit to locate and test the West Atlanta Fault #1 (WAF1) and was collared 20m west of previously reported AT22WS-5C (1.08 g/t Au over 112.7m) and 22m east of previously reported AT23WS-20 (3.04 g/t Au over 61.1m).
- The Company's new geological model supports the presence of very high-grade zones or 'jewelry boxes' that can occur at the juncture between sub-vertical feeder zones and flat-lying horizons of replacement-type (Carlin-type) mineralization. Figure 1 below depicts a conceptual cross section across the high-grade feeder zone hit in AT23WS-44 based on a generalized Carlin-type geological model.
[Blockierte Grafik: https://mma.prnewswire.com/media/2236623/Nevada_King_Gold_Corp__NEVADA_KING_STRIKES_BONANZA_OXIDE_GOLD_WI.jpg]
Figure 1. Conceptual cross section across high-grade feeder zone hit in AT23WS-44 utilizing a well known, generalized Carlin-type geological model. Gold is preferentially deposited within the 70m to 100m thick replacement horizon consisting of receptive carbonate beds, while the high-grade core forms around the structural intersection of this near-horizontal replacement horizon with the West Atlanta Fault #1 that served as the feeder structure that channeled mineralizing fluids into the receptive horizon. Figure adapted from: Robert et al (2007), and Zhou (2009), "Multi-scale integrated application of spectral geology and remote sensing for mineral exploration," Conference Exploration 17, Toronto, 2017.
- As shown above, AT23WS-44 is interpreted to have penetrated the mineralized zone near the middle of a high-grade zone close to and possibly intersecting the WAF1. AT23WS-20 intersected the western portion of the +3 g/t Au high-grade zone while AT23WS-5C on the east narrowly missed the high-grade domain.
- Now with WAF1 firmly located, the Company is planning to follow up on AT23WS-44 with closely spaced vertical holes east and west to better determine the lateral extent and grade distribution in and around the feeder structure, while also following it along strike, where it remains open to the north and south.
- Mineralization in this high-grade interval is strongly oxidized as demonstrated by the Au cyanide solubility analyses in Table 2 below. Visible gold has not been observed in the cuttings. The absence or paucity of coarse-grained gold is supported by the consistent results from duplicate fire assays of all high-grade intervals (see Table 7).