On September 21st, Nevada King Gold (TSXV: NKG) mobilized a fourth rig to their Atlanta Gold Mine Project in Nevada and said that they had results pending for 129 drill holes totaling 22,314m.
At 2:44PMET yesterday afternoon, NKG reported 3 drill holes from the West Atlanta Graben Zone including the following "bonanza grade" hole:
|
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 |
Last week, NKG reported 13 drill holes from the North Extension Target including the following five holes:
|
Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
|
AT23NS-109 |
225.6 |
239.3 |
13.7 |
3.69 |
1.3 |
|
AT23NS-110* |
175.3 |
201.2 |
25.9 |
1.21 |
3.3 |
|
AT23NS-112 |
155.5 |
176.8 |
21.3 |
4.01 |
6.7 |
|
AT23NS-127 |
117.4 |
146.3 |
28.9 |
0.96 |
1.5 |
|
AT23NS-15A |
160.1 |
179.9 |
19.8 |
1.31 |
12.1 |
This means NKG has only reported 16 drill holes since September 21st and still has at least 113 pending drill holes, not including any new drill holes from the four operating rigs!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from NKG of US$60,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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