Nevada KING Receives Approval FOR 93 Additional Drill Sites from the Bureau of Land Management and State of Nevada
NEVADA KING RECEIVES APPROVAL FOR 93 ADDITIONAL DRILL SITES
FROM THE BUREAU OF LAND MANAGEMENT AND STATE OF NEVADA
VANCOUVER, BC
,
Aug. 18, 2025
/CNW/ -
Nevada King Gold Corp.
(TSXV: NKG) (OTCQB: NKGFF
)
("
Nevada King
" or the "
Company
") is pleased to
announce that it has received approval from the Bureau of Land Management ("
BLM
") and the
State of Nevada
for a minor modification to its 45km
2
Plan of
Operations at its 13,000 hectare (130km
2
), 100% owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of
Las Vegas,
Nevada
. This is the third modification that the Company has successfully permitted which will allow drilling at an additional 93 sites on the property. Approvals of
the
first plan modification
and
second plan modification
were received in
October 2024
and
February 2025
, respectively.
"The receipt of this permit is another important milestone for
Nevada King
as we continue our Phase III regional exploration program. We can now begin drilling on
highly prospective new targets across the property which have been generated through our recent exploration work, as well as through other tools such as
geophysics, rock chip sampling, and a significantly improved understanding of the structural geology of the property. The new drill sites are focused on our most
advanced target areas of Silver Park and Atlanta South, while we also have additional permitted drill sites at Atlanta North. We appreciate the ongoing support
from the BLM and
State of Nevada
," stated
John Sclodnick
, Chief Executive Officer of
Nevada King
.
To date the Company has completed 99 drill holes covering 23,000 meters of its planned 30,000 meter Phase III drill program with drilling ongoing at site. Assay
results are expected to be released shortly.
Figure 1. Newly permitted drill pad locations within the Atlanta Plan of Operations modification approved by the Bureau of Land Management and State of Nevada
in August 2025 (CNW Group/Nevada King Gold Corp.)
Qualified Person
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 in
National Instrument 43-101 ("
NI 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-receives-approval-for-93-additional-drill-sites-from-the-bureau-of-land-management-and-state-of-nevada-302531882.html
SOURCE
Nevada King Gold Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/August2025/18/c2800.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 06:30e 18-AUG-25