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TSX-V: NKG, OTCQX: NKGFF

Atlanta Gold Mine

Atlanta is a past producing,
open-pit gold mine located in SE Nevada

Historic production by Standard Slag (1975-1985) recovered 110,000 oz Au and 800,000 oz Ag from 1.5M tons.

Over 40,000m were drilled by Gold Fields, Kinross Gold and Meadow Bay Gold starting in the early 1990s.

The Project is 100% owned by Nevada King and includes a NI 43-101 Resource published in 2020.

Infrastructure & Permitting

County-maintained roads connect project to major highways.

Deeded 15-mile electrical power line is operational to the site with private substation.

Private water well and pipeline delivers ample water to project.

Modular building purchased to provide crew quarters during the exploration phase.

Old Mill Building and Crusher Complex have been removed.

2020 43-101 Resource, pit-constrained

$1250/ounce gold price

Current NI 43-101 compliant gold resource by Gustavson (2020) using a 0.35 g/t cut-off and $1250/ounce gold price.

This resource does not include newly identified mineralization from the 2021 Phase I drilling program.

Atlanta Mineralised Zone, showing blocks above 0.40ppm Au, in both Si Breccia Zone (red) and Porphyry Zone (blue). Looking East.

Resource
Category
Tonnes Au Grade
(ppm)
Contained
Au Oz
Ag Grade
(ppm)
Contained
Ag Oz
Measured 4,130,000 1.51 200,000 14.0 1,860,000
Indicated 6,910,000 1.17 260,000 10.6 2,360,000
Measured +
Indicated
11,000,000 1.30 460,000 11.9 4,220,000
Inferred 5,310,000 0.83 142,000 7.3 1,240,000

Calculations taken from Gustavson's 2020 NI-43101 Atlanta Mine Report

2021 Atlanta Drilling Highlights

Cross Section A-A’

Historical holes along this southern E-W cross section reported significant gold intercepts but were not included in the Gustavson resource model due to low hole density, inaccurate collar locations, and suspect assays.

In 2021, Nevada King drilled several holes to confirm and add gold mineralization in this area, which is located within the confines of Gustavson’s conceptual open pit, but was previously categorized as waste rock.

Long Section I-I’

This long section demonstrates areas of newly identified gold mineralization that were previously considered to be waste rock, within the confines of the conceptual open pit. Additionally, it shows the fence of five high-grade holes drilled from the bottom of the pit, which intercepted a thick bed of oxide gold mineralization.

2022 – Phase II Drill Program

Test new high-grade discovery within the pit, increasing drill density and connecting future high-grade mineralization.

Test northwest high-grade target.

Investigate high-grade discovery in AT21-003 with drilling 560m north of historic pit and priority targets 1.2km along strike.

Explore east ridge target to understand extent of mineralization to the east.

DRILLING BY THE NUMBERS:

100 planned drill targets totaling 13,100 meters

10,000 meters of RC, including pre-collar drilling

3,100 meters of core drilling

Numerous historical holes failed to fully penetrate the higher-grade zones at depth, so 2022 drilling will also involve re-drilling these gaps within the overall resource zone, tying them to adjacent high-grade intercepts, and expanding the known high-grade mineralization into areas of low historical drill density and potentially increasing the overall resource at Atlanta.

Meters Drilled On Nevada King Properties