VANCOUVER, BC, April 12, 2022 – Nevada King Gold Corp. (TSX-V: NKG) (“Nevada King” or the “Company”) is pleased to to announce that it has retained metallurgist Gary Simmons as an independent consultant to conduct a systematic metallurgical testwork program at the Company’s 100% owned Atlanta Gold Mine Project (“Atlanta”), located approximately 264km northeast of Las Vegas in the Battle Mountain Trend, Nevada. This work is designed to assess and optimize gold recovery from representative sampling from across various zones of gold mineralization selected from recent drilling at Atlanta.
Cal Herron, Exploration Manager for Nevada King, stated: “We are very pleased to welcome Gary Simmons to our team as our metallurgical consultant. Gary brings a long and successful track record in mineral processing and project development that will be highly beneficial as we advance our Atlanta Gold Mine Project. Our maiden drill program was very successful in outlining a high-grade corridor of gold mineralization along the Atlanta Mine Fault, as well as a large halo of lower grade mineralization emanating from the fault area. To better prioritize drill targets at Atlanta, understanding and optimizing gold recoveries across all styles of the mineralization is key to advancing the project.”
Gary has over 40 years of experience with internationally recognized mining companies, in the areas of project management, process development, operations, design engineering, R&D and corporate due diligence activities. Gary has numerous patents in the fields of pressure oxidation of gold, silver and copper ores, and in the flotation of precious metals and PGM ores. Gary’s previous roles have included: Mill Superintendent for The New Jersey Zinc Company and Noranda Mining Company, Director of Metallurgy for Meridian Minerals Company and Santa Fe Pacific Gold Corp., and Director of Metallurgy and Technology for Newmont Mining Corporation, where he managed Newmont’s corporate metallurgical laboratory and R&D staff and a staff of Process Managers (engineers) responsible for global Newmont process development and engineering design projects. Upon retirement from Newmont in 2008, Gary has continued as an independent consultant on multiple North American and international mining operations and development projects, providing operations technical consulting guidance and managing metallurgical testing and process design activities. Gary is a Qualified Person (QP) registered with the Mining and Metallurgical Society of America, with special expertise in Metallurgy (Member Number – 01013QP).
About Nevada King Gold Corp.
Nevada King is the third largest mineral claim holder in the State of Nevada, behind Nevada Gold Mines (Barrick/Newmont) and Kinross Gold. Starting in 2016 through to the present day the Company has sequentially staked multiple large project areas hosting significant historical exploration work along the Battle Mountain trend located close to current or former producing gold mines. These project areas were initially selected based on their potential for hosting multi-million ounce gold deposits and were subsequently staked following a detailed geological evaluation by the Company. District-scale projects in Nevada King’s portfolio include (1) the 100% owned Atlanta Mine, located 100km southeast of Ely, (2) the Lewis and Horse Mountain-Mill Creek projects, both located between Nevada Gold Mines’ large Phoenix and Pipeline mines, and (3) the Iron Point project, located 35km east of Winnemucca, Nevada.
The Atlanta Mine is a historical gold-silver producer with a National InstrumentI 43-101 (“NI 43-101”) compliant pit-constrained resource of 460,000 oz Au in the measured and indicated category (11.0M tonnes at 1.3 g/t) plus an inferred resource of 142,000 oz Au (5.3M tonnes at 0.83 g/t). See the NI 43-101 Technical Report on Resources titled “Atlanta Property, Lincoln County, NV” with an effective date of October 6, 2020, and a report date of December 22, 2020, as prepared by Gustavson Associates and filed under the Company’s profile on SEDAR (www.sedar.com). The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, P.Geo., who is a Qualified Person as defined by NI 43-101.
Please see the Company’s website at www.nevadaking.ca.
For more information, contact Collin Kettell at [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Nevada King, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or” should” occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company’s exploration plans and the Company’s ability to potentially expand mineral resources and the impact thereon. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work given the global COVID-19 pandemic, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.