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TSX-V: NKG

Horse Mtn - Mill Creek Gold Project

Lower plate target with high-grade historic hits by Barrick

POTENTIAL DEPOSIT TYPE :
Pipeline (22M oz Au)

Adjoins active Nevada Gold Mines gold exploration project on north and south sides, and widespread historical drilling shows gold mineralization trends southward from Nevada Gold Mine’s claims onto NV King’s ground.

Deeper holes penetrated the Roberts Mountain Thrust and encountered significant gold and tracer element concentrations in lower plate carbonates.

Core hole BHM-001 drilled by Barrick in 2005 hit

  • 30m grading 0.772g/t at 282m-312m in rock identified by Barrick as Roberts Mountain Formation, including 2.29m @ 3.17g/t at 297.8m-300.2m.
  • Arsenic averaged 1,140ppm while mercury averaged 4.40ppm.*

Other Lower Plate hits include

  • BHM-003 (18.3m averaging 0.364g/t at 336.9m-355.2m) and BHM-005 (29m grading 0.238g/t at 623.4m-652.4m).

*Denotes unknown true-thickness of mineralized drill intercept

Horse Mtn - Mill Creek Gold Project

2020-2021 exploration
Budget

Drone Magnetics (2002 line-km)
$124,200
Gravity (1420 stations)
$56,800
Soil Samples (1000 samples)
$44,000
Rock Samples (500)
$16,000
RC Drilling (4 holes, 1220m)
$100,040
Drill sample assays (800)
$28,000
Labor
$9,000
Permitting (including reclamation)
$20,000
Geologist
$36,000
Data Acquisition
$40,000
Contingencies (10%)
$47,400
Land Holding Costs
$166,500
Total
$687,940 USD

2021

Anticipated Exploration
Program
$687,940 USD

  • Geophysical surveys
  • 2440m of RC drilling
  • Sampling and mapping