Nevada King Gold (TSXV: NKG) has released its exploration plans for 2022. The firm intends to conduct a phase two drill program at its Atlanta Gold Mine in Nevada, which follows a recent 5,000 metre program conducted at the property.
The company is currently planning to undertake a 13,100 metre drill program on the property, with drills slated to start turning in Early April. The program is to be broken down into 10,000 metres of RC drilling, with the remaining 3,100 metres to consist of core drilling, with a total of 100 holes planned in aggregate.
Drilling is to primarily consist of step-out drilling, with the company intending to drill test gaps within the current resource on the property. Step outs will also look to connect defined mineralization to proximate high grade intercepts. Outside of step out drilling, the company also intends to test high priority targets that are currently spread across a strike measuring 1.2 kilometres long.
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The company is currently looking to beef up its resource estimate for the Atlanta mine, given that it believes it has an incomplete picture of the “high grade potential” of the project. Both historical drilling, as well as drilling conducted under the phase one program, has struggled with lost circulation once drills intersect silicified breccia zones of high grade core zones within the breccia horizon. The firm did not indicate however how it intends to tackle the recovery problem.
Nevada King last traded at $0.34 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
