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Cision Canada
20-05-2025
- Business
- Cision Canada
Moody's Downgrade Triggers Yet Another Gold Rally--Are Miners the Next to Pop?
Issued on behalf of RUA GOLD Inc. VANCOUVER, May 20, 2025 /CNW/ -- Equity Insider News Commentary – After a Moody's downgrade of the US government's credit rating, the price of gold once again rebounded, further solidifying why 2025 is shaping up to be a monumental year for the precious metal. Already the major gold miners have reported their greatest financial quarter in history, despite many analysts touting how deeply undervalued gold stocks continue to be. The majors aren't alone in making progress on their best gold projects, as juniors and mid-tiers alike have also been making headlines with their developments, including from RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU), Freeman Gold Corp. (TSXV: FMAN) (OTCQB: FMANF), Integra Resources Corp. (TSXV: ITR) (NYSE-American: ITRG), and Perpetua Resources Corp. (NASDAQ: PPTA). Moving forward, Goldman Sachs continues to forecast gold prices to rise to new record highs. Gold fever has even caused Costco to put strict limits on gold bar purchases, all while bullion banks are being alleged to attempt to "smash" gold prices to cover shorts, according to analyst Ed Steer. Both industry heavyweight Rob McEwen and billionaire investor John Paulson are expecting gold to nearly hit $5,000 within the next few years, which could set the stage for a major rally in gold mining equities. RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) is a gold exploration company with a rare dual-island footprint in New Zealand—one of the Southern Hemisphere's most historically prolific mining regions. With the largest land position in the Reefton Goldfield on the South Island, RUA is also advancing early-stage exploration in the North Island's Hauraki district, near one of the country's most closely tracked development projects. The company recently completed its second round of surface work at the Glamorgan project, outlining multiple high-priority targets. Key findings include three distinct zones marked by overlapping gold-arsenic soil anomalies, rock chip samples grading up to 43 g/t gold, and deep resistive features often linked to quartz-rich vein systems. These geological markers are consistent with other known epithermal systems in the area—including the nearby WKP project (owned by OceanaGold), located less than 3 km away. Glamorgan sits within a goldfield known for heavyweight discoveries. The Waihi Mine, still active today, has produced over 10 million ounces to date. Just up the road, the WKP project hosts an indicated resource of 1.4 million ounces grading 17.9 g/t gold—and remains open in multiple directions. To sharpen its target precision, RUA's technical team deployed a multi-layered approach that combines drone magnetics, clay alteration mapping, and CSAMT geophysics. Of four gold-arsenic anomalies identified—each stretching more than four kilometres—three have been prioritized for initial drilling. An access agreement is expected to be submitted before the end of May. Meanwhile, the full exploration dataset is being analyzed through VRIFY's DORA platform, an AI-assisted discovery tool RUA is using to help rank and refine next-stage targets. Glamorgan is just one part of a much larger push to revive New Zealand's gold legacy with modern tools and technology. On the South Island, RUA controls approximately 95% of the historic Reefton Goldfield—an area that has yielded more than 2 million ounces of gold from exceptionally high grades ranging between 9 and 50 g/t. This dominant land position gives RUA a strategic edge in a district known for its underexplored upside. Drilling continues at the company's Auld Creek project, where high-grade gold-antimony mineralization is being intercepted below the existing resource envelope. Recent results include 9.0 metres at 5.9 g/t gold equivalent and 1.25 metres at 48.3 g/t gold equivalent. Importantly, only two of the four known mineralized shoots are currently captured in the resource model, leaving significant room for potential expansion. The combination of traditional mapping with modern predictive modeling has already produced standout hits, including 12 metres at 12.2 g/t gold equivalent, featuring a 2-metre interval grading 54.8 g/t. RUA is also progressing work at the nearby Gallant prospect, located just 3 kilometres from the past-producing Globe Progress mine. That operation delivered over 610,000 ounces between 2007 and 2016, with historical records showing another 424,000 ounces produced before 1950—underscoring the broader potential of the district. The Gallant prospect was originally highlighted through AI-assisted analysis of more than 170,000 historical data points, processed using VRIFY's advanced discovery platform. Follow-up work is now assessing the potential extension of a 20.7-metre vein that previously returned 62.2 g/t gold —including a standout 1-metre interval grading 1,911 g/t. Just a few kilometres away at Murray Creek, visible gold has been observed in the majority of drillholes, with VRIFY's algorithm continuing to prioritize zones that show the strongest geological indicators. While gold remains the core focus, it's not the only opportunity in play. In early 2025, the New Zealand government officially classified antimony as a Critical Mineral, acknowledging its growing importance in global supply chains. At Auld Creek, surface samples have returned antimony grades exceeding 40%, with multiple drill intercepts above 8%—placing RUA in rare company among Western-listed explorers with potential scale in this increasingly strategic metal with prices now trending above US$50,000 per tonne. UA GOLD is led by a team with more than $11 billion in collective mining exits, and is now backed by $5.75 million in fresh capital. Their mission: to apply modern tools and data-driven targeting across two of the most overlooked—but historically rich—gold belts in the Southern Hemisphere. In other industry developments and happenings in the market include: i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU) recently closed a US$173 million bought deal public offering, which closed within two weeks after reporting Q1 results that included a 67% year-over-year revenue increase. The company is advancing its Nevada-based development plan, with gold output at Granite Creek expected to reach steady-state by late 2025 and economic studies now filed for all five gold projects. "These improvements should allow us to ramp-up to steady state of gold output in the second half of 2025," said Richard Young, President and CEO of i-80 Gold. "We've mapped out a credible and staged development plan supported by preliminary economic assessments for all five gold assets." Freeman Gold Corp. (TSXV: FMAN) (OTCQB: FMANF) is advancing its 100%-owned Lemhi Gold Project in Idaho, where a 2023 PEA outlined a high-grade, low-cost open-pit operation averaging 80,100 ounces of gold annually over the first eight years. The updated economic model shows a US$329 million after-tax NPV (5%) and 28.2% IRR at US$2,200 gold, with life-of-mine cash costs of just US$925/oz. "The Lemhi PEA outlines a simple, low-cost operation with strong economics, and positions us to advance toward development," said Dean Besserer, VP Exploration of Freeman Gold. "With a high-grade oxide resource and straightforward metallurgy, we believe Lemhi represents one of the most attractive undeveloped gold assets in the western U.S." With over 525 drill holes and nearly 93,000 metres of drilling completed to date, Freeman is progressing toward a production decision in one of the U.S.'s most mining-friendly jurisdictions. Integra Resources Corp. (TSXV: ITR) (NYSE-American: ITRG) just posted its first full quarter of gold production, reporting over 19,500 ounces sold from the Florida Canyon Mine at an average realized price of $2,888 per ounce. The company generated $16.1 million in operating cash flow and ended Q1 with $61.1 million in cash, marking its strongest financial position to date. "Solid performance from Florida Canyon this quarter resulted in an increased cash balance to $61.1 million at the end of the quarter, marking the Company's strongest financial position ever," said George Salamis, President, CEO and Director of Integra Resources. "The mine continues to demonstrate its ability to generate cash flow to support Integra's growth strategy." With optimization programs underway, a major heap leach pad expansion scheduled, and permitting progress across DeLamar and Nevada North, Integra is advancing its strategy as a multi-asset gold producer in the Great Basin. Perpetua Resources Corp. (NASDAQ: PPTA) entered 2025 with a major milestone: the Final Record of Decision (ROD) issued by the U.S. Forest Service for its Stibnite Gold Project in Idaho. " Perpetua Resources began 2025 with the biggest milestone in the company's history – a favorable Final Record of Decision for the Stibnite Gold Project," said Jon Cherry, President and CEO of Perpetua Resources. "In April 2025, our project was selected as a Transparency Project by the White House, which I believe underscores the immense strategic value of our asset to our country." The project is now one step closer to construction, backed by federal recognition as a White House "Transparency Project" and support for domestic antimony supply under U.S. critical minerals policy. DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for media corp, who has been paid a fee for an advertising contract with RUA Gold Inc. (forty five thousand dollars Canadian for a three month contract subject to the terms and conditions of the agreement from the company direct). MIQ has not been paid a fee for RUA Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of RUA Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of RUA Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of RUA Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by RUA Gold Inc. Technical information relating to RUA GOLD Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of RUA GOLD Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of RUA Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Cision Canada
01-05-2025
- Business
- Cision Canada
NEVADA KING INTERCEPTS 1.11 G/T AUEQ OVER 25M AT SILVER PARK AND CONFIRMS NEW DISTRICT-SCALE POTENTIAL FOR ATLANTA-STYLE MINERALIZATION
VANCOUVER, BC, May 1, 2025 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) (" Nevada King" or the " Company") is pleased to provide an update on its Phase III regional drill program including results from 25 reverse-circulation (" RC") drill holes from its Silver Park target, at its 12,000 hectare (120km 2), 100% owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. Silver Park is a large target area (3km E-W x 1km N-S), located ~2km from the Atlanta Resource Zone, that is centred on the historical Silver Park Mine, which was operational at a small scale through the turn of the 20 th century (Figure 2). Silver Park Highlights: Drilling at Silver Park has identified a strong geological and geochemical connection with the Atlanta Resource Zone ("ARZ"), demonstrating that both areas are part of the same mineralizing hydrothermal event. Gold and silver mineralization occur within the same host rocks and at the same stratigraphic position within the Atlanta Caldera volcanic sequence. The Company now sees strong evidence that the mineralized unconformity that acts as the primary gold control at Atlanta begins to shallow about 500m west of the ARZ where it comes back towards surface, flattens out, and continues into the Silver Park Target (Figure 1). Drilling over a 3km east-west area at Silver Park has encountered this unconformity, associated with the same intrusive bodies responsible for depositing gold and silver at the ARZ. This discovery marks a major departure from the prior understanding of Silver Park as a distinct geological environment, possessing only supergene (at-surface) mineralization with limited potential. Today's discovery opens a large and untested domain (far larger than the ARZ itself) that could be host to another Atlanta-type deposit. Twelve of today's holes encountered elevated and oxidized gold, silver, and associated arsenic values over a 3km east-west area. Highlight hole AT25SP-21 encountered 1.11 g/t AuEq over 25m, which is part of a 165m interval consisting of three separate mineralized horizons starting at just 18m depth that taken together average 0.47 g/t AuEq over 92m. AT25SP-21 is located 2km southwest of the Atlanta pit and represents the most significant mineralized interval ever drilled at Atlanta outside of the ARZ. Au-Ag mineralization observed in AT25SP-21 is very similar to that in the resource zone, although it occurs at a considerably shallower depth than most of the mineralization within the ARZ. Follow-up drilling is planned to further define near-surface, oxidized gold-silver zones at both Silver Park East and West, targeting additional mineralization, including stepping out north of AT25SP-21 into a large, untested CSAMT anomaly. Click here to watch a video discussing today's results and the significance of hole AT25SP-21. Table 1. Highlight hole released today from Silver Park East in both g/t Au and AuEq. Arsenic (As) is strongly associated with mineralization in the Atlanta District; understanding the spatial distribution of these elements can assist in vectoring towards areas with higher probability of mineralization. AuEq based on spot prices of US$3,310/oz Au and US$33.20/oz Ag Cal Herron, Exploration Manager of Nevada King, stated, " Silver Park has always been of interest historically, but very shallow mineralization and a very high silver-to-gold ratio led many to believe the mineralization was purely supergene and of little significance. Our new Phase III drilling has changed that view entirely. "We've now confirmed strong gold and silver mineralization across a large area at Silver Park, including the 92m intercept grading 0.47 g/t AuEq in hole SP-21 — the first potentially economic discovery outside the Atlanta resource zone. This mineralization occurs along the same Tertiary-Paleozoic unconformity that hosts gold at Atlanta, and is associated with identical volcanic intrusives, but at a shallower depth. "This drilling has also established direct geological and geochemical links between Silver Park and Atlanta tying mineralization in both areas to the same hydrothermal event. With this genetic tie now demonstrated, we have a powerful exploration model based on stratigraphy and lithochemistry that allows us to rapidly vector toward new targets across the caldera. "After several years of work, we are seeing our understanding of the district come into clear focus, significantly increasing the odds of making new discoveries outside the current Atlanta resource." Additional Details Looking at the connection between Silver Park and Atlanta, Au/Ag mineralization in both areas occurs within the same host rocks and at the same stratigraphic position within the Atlanta Caldera volcanic sequence, which in turn strongly suggests mineralization in both areas is tied to the same hydrothermal system. This is evident in the long cross section (Figure 4) connecting Silver Park West with the ARZ. The Atlanta Rhyodacite hosts most of the gold mineralization within the ARZ and is chemically very similar to the Silver Park Rhyodacite that hosts mineralization in AT24SP-1, and AT25SP-9, AT25SP-10, and upper part of AT25SP-21. Furthermore, both mineralized rhyodacite units are underlain by a rhyolite horizon labeled the Lower Rhyolite in Figure 4 and Silver Park Rhyolite Tuff in Figures 5 and 6. These rhyolite units are chemically identical and occur directly on top of the Tertiary-Paleozoic unconformity and are therefore considered to be the same unit. These relationships now establish a district-scale tie between both areas with respect to Au/Ag mineralization, which is a key factor when assessing the district-scale potential for finding another Atlanta-style deposit. So far, the Company has tapped into two areas of shallow, oxidized Au/Ag mineralization at Silver Park (Silver Park East and Silver Park West) and is in the process of drill-evaluating other parts of the caldera, including following up on encouraging drill intercepts. A full explanation of drill results and targets at Silver Park East and Silver Park West is provided below. Silver Park West Highlights: Silver Park West (" SPW") covers approximately 2km east to west and 1km north to south and has been identified by the initial stages of the Phase III drilling program. Broad zones of anomalous Au mineralization were intersected in numerous drill holes within volcanic tuff exhibiting heavy oxidation and clay alteration. This includes holes AT24SP-1 (0.093 g/t Au over 115.8m), AT25SP-9 (0.044 g/t Au over 140.2m), and AT25SP-10 (0.054 g/t Au over 129.2m) (Figure 5). Mineralization in all three holes starts at surface and is hosted in the Silver Park Rhyodacite unit around a mushroom-shaped rhyolitic dome (Figures 5 and 6). Average arsenic values range from 100ppm to 200ppm, and gold mineralization is evenly distributed throughout a thick, weakly silicified-argillized tuffaceous host rock. All drilling at Atlanta so far indicates this large, low-grade, blanket-like mineralization is highly unusual and is most likely derived from a nearby hydrothermal fluid source. With these three holes, the Company has found a large body of low-grade gold and now must vector in on higher concentrations of mineralization. New holes are planned northwest of AT24SP-1 along the structural trend and are currently in the permitting process, including testing a series of down-dropped graben blocks heading west and northwest that are indicated by the CSAMT data. A vertical hole recently completed between AT24SP-1 and AT25SP-9 revealed the presence of two northerly-trending faults immediately west of Silver Park that display progressive, westward down-drop offsets on the silicified unconformity (see AT25SP-27 on Figure 6, assays pending). This structural pattern is spatially related to shallow, rhyolitic intrusions and associated gold mineralization observed within the volcanic section as well as along the unconformity and is like the structure and mineralization patterns observed at the ARZ. The SPW target appears similar to the West Atlanta Graben Zone (" WAGZ") in terms of its geologic setting. The low-grade gold halo seen in the Silver Park holes so far measures approximately 600m by 700m in area, which means the Company has a significant amount of exploratory drilling to complete to hone in on higher-grade structures like those seen in the ARZ. The western margin of the SPW target area is covered by post-mineral volcanic rocks erupted from the Ryan Springs Caldera. Surface geochemistry at the SPW target shows elevated As, Sb, and Mo signatures in soils directly bordering the volcanic cover with strong indication these anomalies could continue beneath cover. Au and Ag mineralization around Silver Park is similar to the style of zonation found outside the ARZ, showing potential for another Atlanta-style deposit to be found around SPW. Silver Park East Highlights: The Silver Park East (" SPE") target measures 1,500m east-west by 1,000m north-south and is bounded on the east and west sides by northerly-trending faults and on the north side by a thick moat sequence that fills the center of the Atlanta Caldera. The target remains open to the south where post-mineral Ryan Springs volcanics obscure the Atlanta caldera's southern margin. Throughout the target, gold and silver mineralization occurs along the Tertiary-Paleozoic unconformity, in overlying volcanics proximal to shallow rhyolitic intrusions, and in dolomite beneath the unconformity. The close association between shallow intrusions and down-faulted grabens with Au/Ag mineralization mimics what is seen in the ARZ. Mineralization has so far been found in two areas: one located at the target's northern end where CSAMT anomalies indicate potential for mineralization similar to the North Extension portion of the ARZ, and the other located at the southern end where historical workings and a historical drill hole revealed shallow mineralization along intrusive contacts. Highlight hole AT25SP-21 is located at the southwestern corner of a flat-lying, roughly rectangular shaped CSAMT anomaly that extends 500m north by 600m east and remains undrilled. A similar sized, flat-lying CSAMT anomaly coincides with the North Extension portion of the ARZ, where replacement-type mineralization also occurs along the Tertiary-Paleozoic unconformity. It was this similarity in CSAMT anomalies that prompted siting AT25SP-21. The mode of gold mineralization in both areas is strikingly similar, but unlike the North Extension part of the resource zone, gold also occurs in AT25SP-21 above and below the unconformity in volcanics and dolomite, respectively. We see this same type of Au occurrence above and below the unconformity in several other Silver Park holes, which is more akin to gold occurrences found in the central Atlanta resource area. The Company drilled two vertical, Phase III holes into the CSAMT anomaly to test its western and eastern ends. The western hole, AT25SP-21, encountered: 0.20g/t Au over 30.5m starting at 18.3m depth; 0.164 g/t Au and 94.8 g/t Ag over 24.4m starting at 97.5m depth; and 0.071 g/t Au and 20.3 g/t Ag over 36.6m starting at 146.3m. The shallow gold intercept occurs within altered tuff, and the high-grade Ag interval occurs at the volcanic-dolomite unconformity, while the deeper Ag interval occurs within variably altered dolomite. The three mineralized intervals show low gold grades, but they are thick and relatively shallow, plus the mineralization is oxidized and evenly distributed within each interval, (Figure 6). This hole not only contains mineralization that is potentially economic, but more importantly, it verifies strong mineralization within the large CSAMT anomaly. The Company now intends to trace this mineralization to the north, south, and east. New holes and travel routes are currently being permitted with the BLM. Hole AT25SP-23 was drilled on the eastern side of the northern CSAMT anomaly, testing a major fault inferred from the air-magnetics and CSAMT datasets (Figure 3). The hole encountered 0.223 g/t Au over 6.1m starting at 54.8m and 0.125g/t Au over 24.4m starting at 109.7m and reveals an eastward continuation of mineralization within the volcanic sequence and along the Tertiary-Paleozoic unconformity. This portion of the property is completely covered by the same Ryan Springs post-mineral volcanic sequence that also covers the ARZ. Additional holes have been planned to push the drilling further eastward and northward in search of high-grade structures potentially hiding beneath the Ryan Springs cover. This is the same exercise that Nevada King completed in 2022-2024, as it drilled westward from the Atlanta pit area, chasing mineralization down into the WAGZ. Historical drilling within the SPE target generally returned poor results, but Goldfields RC hole AR-70 tested a target 200m northwest of AT25SP-21 intersecting 4.7m of 0.2 g/t Au in volcanics above the unconformity and a long intercept of strong Ag mineralization at 13.61 g/t Ag over 62.4m in the underlying dolomite, (Table 3). The results indicate this shallow, low-grade mineralization in altered volcanics and underlying dolomite in AR-70 can be correlated over 200m to the same gold/silver occurrences in AT25SP-21, thus demonstrating continuity in grade and thickness at relatively shallow depths within the SPE Target. Further exploration will continue to determine the potential for continued broad mineralization within the target area, more importantly, investigating any occurrence of higher-grade material. Silver Park Lineament The Silver Park Lineament (" SPL") is a major structural corridor identified by geophysical interpretation of gravity, drone magnetics, and CSAMT, as well as intrusive-related mineralization at surface. It is within this northwesterly-trending corridor that the majority of Tertiary intrusive rocks observed at Atlanta cut upward through basement rocks at fault intersections (Figures 7 and 8). The corridor extends approximately 7km from the historic Bradshaw mine at the south end of Atlanta South to the west-northwest, approximately 3km past SPW, and is rooted in Paleozoic basement rock (Figure 9). CSAMT data indicate multiple NS structures cutting through the target areas as well as oblique crossing structures, and it is at the intersection of these structures where numerous rock chip samples running over 2+ g/t Au and up to 4.58 g/t Au have been found, some of the highest Au grade samples on the property outside of the resource area. In conjunction with rock samples and field observations, soil sampling from early Nevada King work shows strong correlation of Au, Ag, As, weak Mo, and Sb signatures along the lineament (Figure 7). Table 2: All drill results in today's release. * Denotes angled holes. + Denotes holes that bottomed in mineralization. Multielement geochemistry is used to understand trace elements most associated with different styles of mineralization. Arsenic (As) is strongly associated with mineralization in the Atlanta District. Understanding of the spatial distribution of these elements can assist in vectoring towards areas with higher probability of mineralization. Table 3: Historic drill holes and previously released Nevada King holes used in today's release. AR series holes were drilled by Goldfields in 1990. SP05 series holes were drilled by Northern Abitibi Gold Corp. in 2005. * Denotes angled holes. + Denotes hole that bottomed in mineralization. QA/QC Protocols All RC samples from the Atlanta Project are split at the drill site and placed in cloth and plastic bags utilizing a nominal 2kg sample weight. CRF standards, blanks, and duplicates are inserted into the sample stream on-site on a one-in-twenty sample basis, meaning all three inserts are included in each 20-sample group. Samples are shipped by a local contractor in large sample shipping crates directly to American Assay Lab in Reno, Nevada, with full custody being maintained at all times. At American Assay Lab, samples were weighted then crushed to 75% passing 2mm and pulverized to 85% passing 75 microns to produce a 300g pulverized split. Prepared samples are initially run using a four acid + boric acid digestion process and conventional multi-element ICP-OES analysis. Gold assays are initially run using 30-gram samples by lead fire assay with an OES finish to a 0.003 ppm detection limit, with samples greater than 10 ppm finished gravimetrically. Every sample is also run through a cyanide leach for gold with an ICP-OES finish. The QA/QC procedure involves regular submission of Certified Analytical Standards and property-specific duplicates. Qualified Person The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, who is a Qualified Person as defined by 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, 120km 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 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) based on historical drilling, and does not include any of the 100,000m+ of drilling completed by Nevada King. 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+ ( NI 43-101 Mineral Resources at the Atlanta Mine Please see the Company's website at 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. 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 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, 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. SOURCE Nevada King Gold Corp.
