Nevada KING Completes Purchase of Silver Park Patented Mining Claims
NEVADA KING COMPLETES PURCHASE OF SILVER PARK
PATENTED MINING CLAIMS
VANCOUVER, BC
,
Dec. 3, 2025
/CNW/ -
Nevada King Gold Corp.
(TSX-V: NKG; OTCQB: NKGFF) ("
Nevada King
" or the
"
Company
") is pleased to announce that it has completed the purchase of the Silver Park claims after satisfying the requirements of
the option agreement announced in
September 2024
. Including the most recent payment as consideration, the Company has paid
Ofor Silver LLC ("
Ofor
"), a total of
US$75,000
, in addition to the 100,000 common shares issued to Ofor on
July 30, 2024
, in
exchange for three contiguous patented lode mining claims covering approximately 24 hectares, located ~2km from the Atlanta
Resource Zone.
John Sclodnick
, CEO of
Nevada King
commented: "Not only has the Silver Park target area become a key focus of our Phase III
regional exploration program with gold and silver mineralization now confirmed over a
450m
by
300m
footprint with clear expansion
potential, but the patented claims acquired offer significant flexibility from a permitting perspective in potential future development
scenarios."
Figure 1. Location of the Silver Park patented claims in relation to the Atlanta Gold Mine Project property boundary, and the
historical Atlanta Mine pit. (CNW Group/Nevada King Gold Corp.)
Research Agreement
Further to its news release of
October 21, 2025
,
Nevada King
clarifies its disclosure regarding its agreement with Atrium Research
Corporation ("
Atrium
"), a leading company-sponsored research firm located at 906-81 Navy Wharf Court,
Toronto, ON
M5V 3S2,
to provide research reports on the Company based on publicly available information, industry data, and discussions with
management and to host three recorded interviews with the Company's management team (the "
Services
"). Atrium provides the
Services in exchange for an upfront cash fee of
$40,000
. The term of the Services runs from
October 22, 2025
, to
October 22,
2026
(the "
Term
"). At the end of the Term, the agreement will be deemed to remain in place and be extended on a month-to-month
basis at
$3,500
per month, unless otherwise agreed to by the parties or the agreement is terminated by either party. The
Company's engagement of Atrium remains subject to the approval of the TSX Venture Exchange.
Atrium and the Company are arm's-length parties and neither Atrium nor its insiders hold any common shares of the Company or
securities convertible into common shares of the Company.
About Atrium Research
Atrium Research provides institutional quality company sponsored research on public equities in
North America
. Its investment
philosophy takes a 3- to 5-year view on equities currently being overlooked by the market. Its research process emphasizes
understanding the key performance metrics for each specific company, trustworthy management teams, and an in-depth valuation
analysis. Atrium Research is wholly owned and operated by its Co-Founders,
Ben Pirie
and
Nicholas Cortellucci
.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
Nevada King
VP Exploration,
Justin
Daley
, P.Geo., a non-independent Qualified Person as defined by National Instrument 43-101.
About Nevada King Gold Corp.
Nevada King
is focused on advancing and growing its 100% owned, past producing, 130km
2
Atlanta Gold Mine project located
along the
Battle Mountain
trend in southeast Nevada. The project hosts an NI 43-101 compliant pit-constrained oxide resource of
1,020koz Au in the measured and indicated category (
27.7M
tonnes at 1.14 g/t) plus an inferred resource of 99koz Au (
3.6M
tonnes
at 0.84 g/t). See the NI 43-101 Technical Report titled "Technical Report and Estimate of Gold and Silver Mineral Resources for the
Atlanta Project,
Lincoln County, Nevada
, USA" with an effective date of
September 6, 2024
, and a report date of
July 18, 2025
, as
prepared by RESPEC (formerly Mine Development Associates) and filed under the Company's profile on SEDAR+
www.sedarplus.ca
.
NI 43-101 Mineral Resources at the Atlanta Mine by RESPEC 2025
Tonnes
Au g/t
Au oz
Ag g/t
Ag oz
AuEq g/t
AuEq oz
Measured
3,430,100
1.55
170,800
16.96
1,870,200
1.65
182,000
Indicated
24,280,200
1.09
848,800
8.73
6,817,200
1.14
887,700
M&I
27,710,300
1.14
1,019,600
9.75
8,687,400
1.20
1,069,700
Inferred
3,638,400
0.84
98,500
2.56
299,500
0.85
99,800
Please see the Company's website at
www.nevadaking.ca
.
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 to 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. 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, technical, geologic, environmental, regulatory, 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, 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 forward-looking statements should beliefs, opinions, projections, or other factors, change, except as required by
applicable securities laws.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/nevada-king-completes-purchase-of-silver-park-patented-mining-claims-302631365.html
SOURCE
Nevada King Gold Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/December2025/03/c8578.html
%SEDAR: 00015775E
For further information:
For more information, contact John Sclodnick at [email protected]; The Company's telephone number
is (845) 535-1486.
CO: Nevada King Gold Corp.
CNW 06:00e 03-DEC-25