NEVADA KING INTERCEPTS 3.95 G/T AU OVER 106.7 METRES INCLUDING 9.39 G/T AU OVER 38.4M AND 2.29 G/T AU OVER 123.5M INCLUDING 5.24 G/T AU OVER 35.1M AT ATLANTA

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VANCOUVER, BC, Oct. 23, 2024 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) ("Nevada King" or the "Company") is pleased to announce assay results for two vertical diamond drill holes and eight reverse circulation ("RC") holes completed in the northern portion of the West Atlanta Graben Zone ("WAGZ") at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend. Today's holes are plotted on plan and section in Figures 1-3 below.

Highlights:

Hole No.

From (m)

To (m)

Interval (m)

Au (g/t)

Ag (g/t)

AT23WS-44C*+

218.0

324.7

106.7

3.95

58.7

Includes

267.1

305.5

38.4

9.39

17.8

AT23WS-52*

213.4

336.9

123.5

2.29

23.0

Includes

272.9

307.9

35.1

5.24

66.3

AT23WS-46*

301.8

332.4

30.6

3.01

18.5

Includes

304.9

311.0

6.1

9.55

23.9

Table 1. Highlight holes released today. AT23WS-44C and AT23WS-52 are interpreted to have intersected a sub vertical feeder zone cutting through a flat-lying horizon of mineralization that generally dips westward while AT23WS-46 simply penetrated the mineralized sub-horizontal unconformity. True mineralized thickness in vertical holes is estimated between 85% and 95% of reported drill intercept length thickness. *Denotes holes that bottomed in mineralization. +Denotes core hole.

  • Vertical core hole AT23WS-44C intercepted 3.95 g/t Au over 106.7m including 9.39 g/t Au over 38.4m and was drilled approximately 10 metres west of vertical RC hole AT23WS-44 which intercepted 11.64 g/t Au over 108.3m (released October 2, 2023). AT23WS-44C was designed to provide metallurgical material for the Phase II metallurgy test program.

  • Overall mineralized thickness and the distribution of high-grade horizons in AT23WS-44C and AT23WS-44 demonstrate good lateral correlation, with gold being preferentially deposited within a 70m to 100m thick horizon largely consisting of a rhyolitic intrusion and surrounding silica breccia developed in sub-horizontal, receptive carbonate-rich beds. The higher overall grade seen in previously released AT23WS-44 relative to today's WS-44C is most likely due its closer proximity to the feeder structure (North Fault).

  • As shown in Figure 3, gold mineralization is contiguous across a 100m wide zone from AT23WS-21 on the west to AT23WS-49 on the east and is generally centred on the unconformity separating the brecciated and silicified Paleozoic carbonate basement from overlying Tertiary intrusions and volcanics. As seen throughout the resource zone, gold grade distribution is strongly influenced by high-angle feeder structures (like the North Fault) that cut the unconformity, with higher grades occurring proximal to these structures, and grades decreasing laterally away from them. This is better illustrated in Figure 4 where the highest grades are tightly confined to the North Fault and adjacent West Atlanta Fault #1 and decrease laterally to the west and east.

  • Hole AT23WS-52 intersected 2.29 g/t Au over 123.5m including 5.24 g/t Au over 35.1m on the north side of the North Fault, where intercept grades tend to be lower compared to intercepts south of the North Fault in this part of the WAGZ.