Nevada King "Cracks the Code" @ Atlanta
Confirms 30 meter Gold-rich vertical Feeder Vein & targets analogs
Nevada King keeps refining its model of gold deposits at its Atlanta caldera.
Recently ( 6Feb’24 ) Nevada King reported results of some RC holes that hit multi-hundred gram-meter intervals i.e. AT23NS174 hit 68.6m x 6.9g/t =474 gram-meters! including a section of 10.7m x 19.2 g/t. A close by hole AT23NS174A came hit 77m x 4.9g/t in including 3m x 19g/t. Do the math these are stellar high grade hits.
These two holes followed up an earlier hit of AT23NS-133F, which was the third most gold rich intercept so far recorded at Atlanta hitting 82.3m x 6.55g/t including12.2m x 26.71g/t.
Note that all three holes had higher grade sections ranging from 19-27 g/t Au (not counting the silver also found). NKGFF comments “these three steeply dipping angle holes define a high-angle west-dipping high-grade vein-structure.
Nevada King thinks it now has direct confirmation of a high-angle feeder structure, which in itself strongly supports the Company’s new geological model for the mineralization at Atlanta.
The graphic below depicts what appears to be about 30M of vertical extent of this high grade vein structure.
Lower grade mineralization ‘tails’ spread out laterally from the high-grade feeder zone. Nevada King believes they have seen such higher-grade “tails” in numerous holes throughout the Atlanta mine area that flatten out horizontally at depth away, possibly, from other nearly vertical very high-grade feeder structures. Now they just follow the tails back to the high grade feeder veins.
Building on confirmation of this ‘feeder model’, Nevada King is already identifying analogous high grade vein targets’ (see image below) which, if found in number, could be a game changer for the Atlanta mine’s gold and silver endowment. New hypothetical feeders marked with ‘X’
Nevada King may have found another Feeder. In release Nevada King today (Feb12) note that a 145 gram meter hit (19.44 x 7.5 g/t) may have intersected another high-grade near vertical Feeder Structure. This is quite similar to the grade shown other intercepts other vertical feeders -- nearly 20 g/t. NKG as it probes the Atlanta fault areas seems to be a roll now repeatedly finding these richer 'feeder' structures, which will surely help boost the updated mineral resource estimate (MRE) expected out later in 2024.
"The very high-grade interval in AT23WS-62 (19.44 g/t Au over 7.6m) may correlate to another sub-vertical high-grade feeder structure and its cross-cutting of a near horizontal receptive stratigraphic unit similar to the interpreted zone recently reported along Section 22-8N(3) in which hole AT23NS-174 intercepted 19.2 g/t Au over 10.7m"