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Nevada King Mining Corp.

TSXV:NKGLive AI agent

Nevada King is focused on growing its 100% owned, past-producing, 130km2 Atlanta Gold Mine project located in southeast Nevada.

Investor website: https://nevadaking.ca/

About

Nevada King is focused on growing its 100% owned, past-producing, 130km2 Atlanta Gold Mine project located in southeast Nevada. The project hosts an NI 43-101 compliant pit-constrained oxide resource of +1moz at +1g/t Au, while the ongoing exploration program looks to expand the resource zone and discover satellite deposits. Nevada King offers investors exposure to a high-grade oxide gold resource and an aggressive exploration program on an underexplored, highly prospective land package in the top mining jurisdiction.

Verified company data

Cash position
987,697
Shares outstanding
424094795
Fully diluted shares
106176914
Mineral resource
NI 43-101 Mineral Resources at the Atlanta Mine by RESPEC 2025 | Resource <br> Category | Tonnes | Au<br> g/t | Au Oz | Ag<br> g/t | Ag Oz | AuEq <br> 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 | | Measured + <br> Indicated | 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 |
Projects
["### Atlanta Gold Mine Project\n\nThe Atlanta Gold Mine is a past-producing, open-pit gold mine, located 264km northeast of Las Vegas, Nevada.\n\nDiscovered in the late 19th century and was the site of underground and small-scale surface mining (1905-1966).\n\nOpen pit production (1975-1985) recovered 110,000 oz Au and 800,000 oz Ag from 1.5M tons.\n\nOver 40,000m of drilling was conducted by Gold Fields, Kinross, and Meadow Bay starting in the 1990s.\n\nNevada King purchased 100% of the Atlanta Gold Mine Project in 2018 and began exploratory drilling in 2021.\n\n### Infrastructure & Permitting\n\nDeeded 15-mile electrical power line is operational to the site with private substation.\n\nPrivate water well delivers ample water to project.\n\nModular crew quarters on-site for exploration and pre-development activity, as well as a core shack and geology office.\n\nHistorical Atlanta Pit located on private (patented) ground; remaining project area covered by a BLM-approved Plan of Operations.\n\n### Atlanta Discovery Timeline\n\n### History\n\nGold and silver were discovered at Atlanta in the late 19th century, and the site was used for underground and small-scale surface mining from 1905 to 1966. Open-pit production began in 1975, recovering 110,000 oz of gold and 800,000 oz of silver from 1.5 million tons of ore. Mining ceased at Atlanta in 1985. Since then, over 40,000 meters of drilling have been conducted by Gold Fields, Kinross Gold, and Meadow Bay Gold, starting in the 1990s.\n\nNevada King purchased 100% of the Atlanta Gold Mine project in 2018 and began exploratory drilling. Phase I drilling in 2021 identified previously unrecognized high-grade gold at the bottom of the Atlanta pit, as well as high-grade gold 560 meters north of the pit. This demonstrated a larger footprint of high-grade gold than previously recognized at Atlanta and paved the way for a new geological interpretation.\n\nNevada King launched a Phase II drill program (2022-2024) that included 75,000m of drilling, with a focus on expanding mineralization in all directions and to depth. This program identified a network of faults and cross-cutting faults that are responsible channeling high-grade mineralization up and into mineralized horizons. The Company intercepted high-grade gold mineralization throughout the resource zone and well outside of it. Gold mineralization is found in thick beds that can exceed 150m in true thickness. A list of highlight intervals from Phase II are shown below.\n\n### Highlight Intervals\n\nThe Phase II drill program consisted of ~400 drill holes. Below are 10 of the most significant intercepts.\n\n### Geology & Mineralization\n\n### A Supervolcano Setting\n\n- Atlanta is located within the Indian Peak-Caliente caldera complex, one of the world’s largest supervolcanoes.\n\n- It is not active today, but 30 million years ago more than 5,500km3 of magma erupted during a one-week period near a place called Wah Wah Springs.\n\n- The complex hosts 15 super-eruptions and 20 calderas, including Atlanta, but subsequent faulting and erosion largely erased this feature from the landscape.\n\n- It is in this geologic setting that gold mineralization occurs at Atlanta.\n\n### The Atlanta District\n\n- Gold mineralization at Atlanta is found along the rim of the 6km wide Atlanta resurgent caldera.\n\n- The Atlanta open pit and resource zone are located on the eastern margin of the caldera along a complex series of mineralizing faults. Gold mineralization occurs within and adjacent to felsic intrusive rocks.\n\n- The best analogue for Atlanta is Round Mountain in Nevada, where 23.6moz Au have been discovered so far. Both are associated with major volcanic events and gold exists along the periphery of a collapsed caldera system that was previously covered by alluvium and volcanic sediments having a similar age of mineralization.\n\n### Phase III - District-Scale Exploration\n\n- Nevada King launched a Phase III regional exploration program with the goal of finding satellite deposits throughout the district.\n\n- The Company is relying on powerful geophysical surveys and its deep understanding of the geology of Atlanta to unlock its potential.\n\n- Targets generally occur where major basement structures coincide with low resistivity zones that are apparent in the geophysics and may represent intrusive, mineralizing activity.\n\n### Favorable Metallurgy at Atlanta\n\n- **Phase I metallurgical testwork supports strong recoveries using conventional Nevada oxide processing methods**. Testing utilized three surface bulk samples and 19 composites from drill core, representing the full range of rock types and gold and silver grades encountered across Atlanta.\n\n - Silicified breccias are amenable to conventional milling for high-grade material and High-Pressure Grinding Roll (HPGR) crushing followed by heap leaching for lower-grade material.\n\n - Volcanics are also amenable to conventional milling for high-grade material, and conventional crushing or Run-of-Mine (ROM) heap leaching for lower-grade material.\n\n- Milling – Gold extraction from fine milling at a 200-mesh grind (P80 = 75 μm) shows a weighted average extraction of **91.7% for gold hosted in volcanics and 85.9% for the high-grade silica breccias**.\n\n- Heap Leach – Gold extraction from conventional crushing (P80 = 12.5 mm) shows a weighted average extraction of **87.1% for gold hosted in volcanics**. Gold extraction from HPGR-crushed composites (using medium press force) shows a weighted average extraction of **71.4% from low-grade silica breccias**.\n\n- Phase II metallurgy is ongoing, with an expected completion date in Q2 2025.\n\n### Other Projects\n\n### Buffalo Valley Gold Project\n\nPOTENTIAL DEPOSIT TYPE :\n\nMarigold (5.3M oz Au) and Cove/McCoy (4M oz Au).\n\n- Widespread historical drilling in Upper Plate rocks by major and junior explorers during period 1985-2007.\n- Large claim block covers gravity anomalies between Phoenix and Cove/McCoy Mines and Mill Creek project area. This region is largely covered by alluvium.\n\n### Hilltop South Gold Project\n\nPOTENTIAL DEPOSIT TYPE :\n\nPipeline (22M oz Au), Marigold (5.3M oz Au), and Hilltop (2M oz Au).\n\n- On trend with and bounds southern and eastern margins of Nevada Gold Mines’ Hilltop Deposit (reported 2M oz Au @ 0.875 g/t).\n- Widespread historical drilling in Upper Plate lithotypes by major and junior explorers during period 1986-2011.\n- Rock samples collected by NvK in altered Upper Plate rocks across a 6km2 area range in gold values from <0.005 to 0.295 ppm and are accompanied by anomalous As-Hg-Sb.\n\n### Crescent Valley Au Project\n\nPOTENTIAL DEPOSIT TYPE :\n\nQuartz vein system at depth, possibly similar to the Fire Creek Mine (approx. 500,000 oz Au) located 25km to the northwest.\n\n- Historical drilling for gold by major explorers during period 1987-1994.\n- Chalcedony and opaline sheeted vein zone exposed for 1.5km along NE trending range-front fault.\n- Nevada King rock samples collected along the vein zone ranged from 0.014- 0.225ppm Au.\n\n### Cedars Carico Lake Gold Project\n\nPOTENTIAL DEPOSIT TYPE :\n\nCortez (17M oz Au), Marigold (5.3M oz Au ), and Lone Tree (4M oz Au).\n\n- Completely surrounds a small historical gold resource drilled by Chevron Resources in the early 1980s.\n- Widespread historical drilling by numerous major and junior explorers during the period 1981-2002 tested siliclastic and carbonate lithotypes in Upper Plate Roberts Mountain and Upper Plate Golconda assemblages.\n- Nevada King reconnaissance rock sampling widespread gold and tracer element anomalies over a large area, ranging in gold values from <0.005 to 2.89ppm.\n\n### Kobeh Valley Gold Project\n\nPOTENTIAL DEPOSIT TYPE :\n\nLower Plate replacement deposits (aka Carlin type) as seen within the Gold Bar area (1+M oz Au) and at Ruby Hill (2.3M oz Au).\n\n- Bounds southern margin of McEwen Mining’s Gold Bar mining complex, with reported M+I gold resource of 30M tons grading 0.92/t for 819,000oz (2019 estimate). Mineralization trends onto Nevada King’s large claim block.\n- Widespread historical drilling by major explorers during period 1990-2005.\n\n### Evana Gold & Vanadium Project\n\nPOTENTIAL DEPOSIT TYPE :\n\nIron Point Vanadium (V) and Ruby Hill (Au).\n\n- Geological setting very similar to Iron Point: vanadium mineralization at the surface in Upper Plate Vinini Formation, and gold targets in Lower Plate carbonate rocks below the Roberts Mountain Thrust adjacent to a Tertiary-age granitic stock.\n- Historical drilling for gold by major explorers during period 1986-1994.\n- Nevada King rock and soil sampling identified large area of strongly anomalous vanadium mineralization."]
Leadership
John Sclodnick (Chief Executive Officer & Director, Over a decade in equity research, leading mining equity research at Desjardins Capital Markets since 2021. Holds a B.A. in Economics and Philosophy and an M.B.A. from the Schulich School of Business.), Collin Kettell (Founder & Chairman, Seasoned entrepreneur and resource sector leader, co-founded New Found Gold Corp. and Palisades Goldcorp Ltd., and founded Nevada King Gold Corp.), Jeff Stieber (Chief Financial Officer, 19 years of expertise in finance and accounting, served as a senior executive at multiple mining companies, a Certified Public Accountant in Nevada.), William Hayden (Independent Director, Geologist with over 38 years of experience in mineral exploration, involved with the Ivanhoe Group since 1994, holds a Bachelor of Science in Geology.), Justin Daley, P.Geo. (Vice President Exploration, Professional geologist with over 15 years of experience in mineral exploration, completed M.Sc. on epithermal gold systems.), Michael Doolin (Independent Director, 35+ years in mining, previously SVP at Karora and COO at Klondex, showcasing metallurgical and leadership expertise.)

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