VANCOUVER, BC, April 14, 2022 – Nevada King Gold Corp. (TSX-V: NKG; OTCQX: NKGFF) (“Nevada King” or the “Company”) is pleased to announce that it is bolstering its technical team with the addition of Lewis Teal as Chief Technical Advisor, as well as Mac Jackson and Mike Bersch as consulting geologists.
Collin Kettell, CEO of Nevada King, stated: “With Cal Herron as Exploration Manager, the recent addition of Gary Simmons as consulting metallurgist, and now Lewis Teal, Mac Jackson and Mike Bersch, as Chief Technical Advisor and consulting geologists, respectively, Nevada King has a technical team with a combined 150 years of knowledge, experience, and insights, importantly much of it in Nevada. Nevada King is now armed with an extensive land package along the Battle Mountain trend, a highly experienced management and technical team with a track record of discovery success, and is well financed to unlock the exploration potential of its Battle Mountain trend land holdings, including at its Atlanta Gold Mine, Iron Point, and Lewis projects.”
Lewis Teal received his M.S. degree in Geology from the University of Texas – El Paso in 1979. Lew has 40+ years of experience in the mining industry that includes experience in greenfields exploration, near-mine exploration and development in the U.S., South America, the Caribbean Region, and assignments in Mexico, Turkey, Indonesia and Southern China. He served as a Sr. and Regional Geologist and then District Exploration Team Sr. Technical Mgr. at Newmont Mining’s Carlin Trend Operations, Nevada (1993-1999); Exploration Manager for Newmont Mining’s, Yanacocha operation (2002-2006) and as Newmont’s Manager and then Group Executive of Exploration and Early-Stage Development for South America and the Caribbean Region (2006-2015). During his career he has been involved in multiple discoveries of gold and copper deposits including the Black Hills, South Dakota and Carlin Trend, Nevada, USA, Peru and Suriname. Following his retirement in 2015 after 28 years with Newmont Mining, Lew has been engaged as a private consultant based out of Albuquerque, New Mexico. In this role Lew has consulted to a variety of mining companies providing exploration evaluations for early to advanced stage development projects in Chile, Nevada, Arizona, Alaska, Northern Europe and the Middle East (KSA). Lew is a licensed Certified Professional Geologist with the American Institute of Professional Geologists (C.P.G. #6932). As such, he is considered a Qualified Person under Canadian National Instrument 43-101 (“NI 43-101”) regulations.
Mac is a Certified Professional Geologist (AIPG #11661) with twenty-six years of experience managing and contributing to gold exploration programs. He led exploration teams as a senior geologist for Newmont Exploration and, most recently, as VP of Exploration for Gold Standard Ventures, contributing to the discovery of several multi-million ounce gold deposits in Nevada, including the Leeville (Newmont), Fiberline (Newmont) and North Dark Star (Gold Standard Ventures) deposits. Mac has a Master of Science degree from the University of Nevada – Reno and a Bachelor of Arts degree from Dartmouth College and has published and presented several technical papers on Carlin-type gold deposits.
Michael is a Certified Professional Geologist (APIG#11008) with over 40 years of experience in mineral exploration, research and education. His experience includes exploration projects in the U.S., Australia, Canada, and Central and South America. Michael served as VP Exploration with Moruya Gold Mines NA on the Golden Reward Mine (now part of Wharf/Coeur Mining), South Dakota, and as Director and VP of Exploration with Pangea Resources Ltd. on the Pauper’s Dream (Basin Creek Mine), Montana. He served as Assistant to the Vice President for Research, Director of Central Analytical Facility, and adjunct professor of Geology at The University of Alabama, where he taught courses in economic geology, analytical instrumentation, and physical and historical geology. Most recently Michael worked as part of Newmont Mining’s exploration team on the Sabajo Gold Project, Suriname, and as Newmont’s Chief Geologist in South America. He holds a Ph.D. in geology from the University of New Mexico. He is a licensed geologist (WA #21034794) and an AIPG Certified Professional Geologist. Michael also holds a Law Degree from The University of Alabama School of Law.
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 staked 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 targeted based on their potential for hosting multi-million ounce gold deposits and were subsequently staked following a detailed geological evaluation. 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 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.
Tabulation of NI 43-101 Mineral Resources at the Atlanta Mine
Please see the Company’s website at www.nevadaking.ca.
For more information, contact Collin Kettell at [email protected] or (301) 744-8744.
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.