Latest news with #RESPEC
The Hill
03-07-2025
- Politics
- The Hill
Tennessee Republican sends Burgum letter calling for Trump to be added to Mount Rushmore
Rep. Andy Ogles (R-Tenn.) urged Interior Secretary Doug Burgum this week to 'explore the addition' of President Trump's likeness to Mount Rushmore in South Dakota, citing 'the scale and scope of recent achievements,' including the president's domestic policy megabill that Congress passed Thursday and his administration's ongoing border security efforts. 'The legacy of Mount Rushmore cannot remain frozen in stone; it must evolve to reflect the full arc of American history, including its most recent and transformative chapter,' Ogles wrote in a post about his proposal on X. The Department of Interior declined to comment on Ogles's Mount Rushmore National Memorial expansion idea, but a spokesperson told The Hill that the agency 'takes all correspondence from Congress seriously and carefully reviews each matter.' In a letter to Burgum on Thursday, Ogles urged the Interior Department to start a feasibility study covering technical, legal and cultural concerns with input from the public and experts. Mount Rushmore has been a source of contention for some American Indian groups because it was built on sacred Lakota Sioux tribal land. About 2 million visitors flock to the national park each year. 'We understand that physical modifications to Mount Rushmore raise logistical and preservation questions, but this discussion should not be foreclosed based on past bureaucratic resistance or political discomfort,' Ogles wrote in his letter to Burgum. He added, 'While meeting the logistical challenges may require engagement with state and/or tribunal officials, the national benefit of promptly recognizing President Trump's accomplishments in restoring American greatness makes doing so a priority, and the benefits of elevating the dignity and relevance of the site, thus increasing both its grandeur and its visitor traffic, will accrue to South Dakota, the Lakota Sioux and the broader area.' The National Park Service (NPS) didn't immediately respond to The Hill's request for comment, but an NPS official explained to The Black Hills Pioneer newspaper in 2020 that it would not be structurally possible to add another person to the massive mountain-side sculpture. 'The rock that surrounds the sculpted faces is not suitable for additional carving,' Mount Rushmore National Memorial Chief of Interpretation and Education Maureen McGee-Ballinger said at the time. NPS has had a longstanding partnership with a rock mechanics engineering firm (RESPEC) to continuously study the structural stability of the sculpture. 'RESPEC supports our long-held belief that no other rock near the sculpted faces is suitable for additional carving,' McGee-Ballinger told the local newspaper. 'RESPEC also believes that if additional work were undertaken it is possible that exposing new surfaces could result in creation of potential instabilities in the existing carving.' In addition to Ogles's appeal to Burgum, Rep. Anna Paulina Luna (R-Fla.) has proposed legislation that would direct the Secretary of the Interior to 'arrange for the carving' of Trump's image on Mount Rushmore. The legislation hasn't been brought up for a hearing. Trump told The Hill in a 2019 interview that he couldn't answer whether he thinks he should be added to the colossal carving, which was completed in 1941. 'If I answer that question, 'Yes,' I will end up with such bad publicity,' he said. However, his desire to have his face alongside Presidents Washington, Lincoln, Jefferson and Teddy Roosevelt has been previously revealed. Trump's Homeland Security Secretary Kristi Noem, at the time running for South Dakota governor, recalled in a 2018 interview with a Coyote State newspaper that during her first meeting with Trump in the Oval Office, he told her it was his 'dream' to be immortalized on the monument someday. 'I started laughing,' Noem, at the time a Republican member of Congress, told the Argus Leader. 'He wasn't laughing, so he was totally serious.'
Yahoo
09-06-2025
- Business
- Yahoo
Giant Mining Continues Engagement of RESPEC Engineering to Incorporate 2024 and Spring 2025 Core Drilling Into Modeling at Majuba Hill Copper-Silver-Gold Project, Nevada
VANCOUVER, BRITISH COLUMBIA - June 9, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5 | CSE: | CSE: ("Giant Mining" or the "Company") is pleased to announce that it is continuing its engagement with RESPEC Company LLC ("RESPEC") of Reno, Nevada. RESPEC will incorporate drilling data from the 2024 diamond core and from the 2025 spring diamond core drilling program (the "Core Program") at the Majuba Hill Porphyry Copper-Silver-Gold Project ("Majuba Hill") in Pershing County, Nevada, into the database used for the Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA. (the "Report"). The Report had an effective date of March 14, 2023, a Report Date of June 20, 2023, was amended on February 4, 2025, and was authored by Jeffrey M. Bickel C.P.G. RESPEC Company LLC and W. Joseph Schlitt, PhD, QP. New assays and geologic data from the effective date of the Report will be compiled and incorporated to accommodate all of the observed geology and provide the best understanding for the mineralization at Majuba Hill. "The 2025 drill season at Majuba Hill was our most ambitious and technically advanced to date. Strong early visual mineralization exceeded our expectations and led to the addition of a fifth hole - MHB-36 - guided by AI-assisted geophysical modeling. This AI-targeted hole intersected promising mineralization and marks a significant step-out from previously identified zones, indicating the potential for a new discovery. Meanwhile, core hole MHB-34 reached a depth of 1,963 feet and encountered native copper, reinforcing the scale and depth potential of the Majuba Hill Copper-Silver-Gold system. We're excited to continue advancing the project with RESPEC as we move forward with Majuba Hill." About RESPEC RESPEC is an International group that applies engineering, applied sciences and technology to natural resources and has extensive experience in the Mineral and Exploration industry throughout Nevada and the western United States. RESPEC was founded in 1969 with over 600 employees and over USD $112 Million in Revenue (2022). 2025 Phase 1 Drill Program In 2024 and 2025 a total of seven drill holes, MHB-30 through MHB-36, have been completed for a combined 7,370.5 feet (2,246.53 meters) of core drilling. This brings the cumulative total of drilling at Majuba Hill to 89,395 feet (27,247.5 meters), which will significantly enhance the Company's geological model and understanding of the mineralization. Table 1: Majuba Hill 2024 and 2025 Drill Program Collar Details The primary objective of the 2025 Core Program was to step out from and expand the known zones of copper mineralization and advance the Majuba Hill Project toward completing a mineral resource estimate. All drill core was transported to Giant Mining's secure core facility in Elko, Nevada, where it was logged, sawn, and sampled by Company personnel. The samples were submitted to ALS Global Services ("ALS Labs") for geochemical analysis, with sample preparation completed at their Elko facility and final assaying conducted at their laboratory in Vancouver, British Columbia. Key highlights include: MHB-30 (September 24, 2024 news release) High-grade copper was sampled from core hole MHB-30 ("MHB-30") that was clearly associated with magmatic-hydrothermal, copper-bearing breccia zone. The breccia zone assays returned: 218.0 feet of 1.35% Cu and 73.4 g/t Ag from 0 to 218 feet (0-66.4 m) including 74.0 feet (22.6 meters) at 2.6% Cu and 30.1 g/t Ag Table 2: MHB-32 Significant Assay Intervals for assays reported to date. (*True widths are unknown.) MHB-32 MHB-32 intersected two significant copper mineralized zones within a broader interval of 379.5 feet (115.7 m) grading 0.33% Cu and 16.97 ppm Ag, from 510 to 889.5 feet (155.5 to 271.1 m). These results extend the known mineralization deeper and further north than previous drilling. The two key intervals, detailed in Table 2, are: 85 feet (25.9 m) at 0.64% Cu and 50.89 ppm Ag from 510 to 595 feet (155.5 to 181.4 m) 169.5 feet (51.7 m) at 0.41% Cu and 9.51 ppm Ag from 720 to 889.5 feet (219.5 to 271.1 m), including: 40 feet (12.2 m) at 1.36% Cu and 13.33 ppm Ag from 780 to 820 feet (237.7 to 249.9 m), containing a higher-grade section of: 10 feet (3.0 m) at 4.36% Cu and 35.65 ppm Ag from 805 to 815 feet (245.4 to 248.4 m) Core Hole MHB-32 was completed to a total depth of 889.5 feet (271.1 meters). The hole intersected copper-bearing, magmatic-hydrothermal breccias with secondary copper minerals, including azurite, malachite, and chalcocite. These transitioned into strongly oxidized copper sulfides, along with primary, unoxidized chalcopyrite near the bottom of the early success confirmed the vertical continuity of the mineralized system and the presence of breccia-hosted copper 34 Native Copper Encounter Core Hole MHB-34 was drilled to a total depth of 1,963 feet (598.3 meters). The hole encountered persistent native copper, cuprite, and chalcopyrite mineralization in the deeper sections, with native copper observed beyond 1,850 visual results indicate a robust enrichment zone related to a porphyry system at depth and suggest proximity to a primary copper sulfide source. MHB 36 An A.I. Driven Step Out Discovery or Potential Deposit Extension The fifth and final drill hole of the Core Program, MHB-36, was planned for a total depth of 1,000 feet (304.8 meters). This hole was designed by Exploration Technologies ("ExploreTech") using its proprietary AI-assisted geophysical modeling system to test a high-potential resistivity anomaly delineated in the southern sector of the Majuba Hill project area. The AI-driven targeting approach aimed to identify geologically favorable zones with potential for new copper mineralization beyond the existing mineralization to the intersection of the sulfides predicted by modeling the hole was extended to 1100 feet (335.28 meters). MHB-36 intersected disseminated and vein-hosted chalcopyrite mineralization within intrusive and magmatic hydrothermal breccias, beginning at a downhole depth of 650 feet (198 meters). Mineralization was observed intermittently beyond 905 feet (274.32 meters), confirming the accuracy of the AI model and highlighting the potential for further extensions of copper-bearing zones in this underexplored Hill's critically important characteristics are as follows: Location: Nevada, USA - a globally top-ranked mining jurisdiction, ranked #1 in the Fraser Institute's 2022 Annual Survey of Mining Companies. Project Size: 9,684 Acres Infrastructure: The Majuba Hill property is 113 road km (70 miles) southwest of Winnemucca, Nevada, and 251 km (156 miles) northeast of Reno. Access is by well-maintained county roads from the Imlay, Nevada exit on U.S. Interstate 80, and traveling westward 23 miles. People, Roads, Power and Water are the basic elements when considering infrastructure and Majuba Hill already has a solid infrastructure foundation for building a large facility which will provide significant savings compared to more remote projects History: Historical Producer Drilling: Approximately 89,395 feet of drilling to date. Rough replacement value of drilling USD $12.1 Million using current costs. Mineralization: The project shows indications of a potentially large Cu Ag +/- Au mineralized body with many features in common with both large porphyry copper, silver, and gold projects. Expandability: The IP survey, deep drilling, and step-out drilling indicate significant expansion potential, with mineralization open in all directions. Fully Financed: Secured funding for next phase of drilling at Majuba Hill Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody The Company utilizes a QA/QC program using best industry practices at the Majuba Hill Project. The samples are placed in cloth sample bags and are transported from the Giant Mining secure warehouse to the ALS Labs Sample Prep Facility in Elko, Nevada. ALS Labs then securely transports the prepared pulps to their analytical lab in North Vancouver, B.C. Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth sample bags. All samples are analyzed for copper, gold, silver, and 33 other elements. Gold is determined by ALS Labs method Au-AA23 which is a fire assay with an AAS finish on a 30-gram split. Copper, silver, and the remaining 31 elements are determined by ALS Labs method ME-ICP61 which is a four-acid digestion and ICP-AES assay. Approximately 5% of the submitted samples are drill duplicates and copper-gold-porphyry commercial standard reference material pulps. The remaining pulps will be retrieved from ALS Labs. Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by E.L. "Buster" Hunsaker III, CPG 8137, a non-independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects (). About Giant Mining Corp. Giant Mining is focused on identifying, acquiring, and advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals. This demand is driven by initiatives like the Green New Deal in the United States and similar climate-focused programs worldwide, which require substantial amounts of copper, silver, and gold for electric vehicles, renewable energy infrastructure, and the modernization of clean and affordable energy systems. The Company's flagship asset is the Majuba Hill Copper, Silver, and Gold District, located 156 miles (251 km) from Reno, Nevada. Majuba Hill is situated in a mining-friendly jurisdiction with supportive regulations and has the potential to become one of the next major copper deposits, critical for meeting the increasing need for this red metal. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. On Behalf of the Board of Giant Mining Corp. "David Greenway"David C. GreenwayPresident & CEO For further information, please contact:E: info@ 1 (236) 788-0643 Instagram, Facebook, Twitter, LinkedInThis news release contains certain forwardlooking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forwardlooking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forwardlooking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise.
The Market Online
04-06-2025
- Business
- The Market Online
Junior gold stock more than doubles Nevada resource
Nevada King Gold (TSXV:NKG) has more than doubled measured and indicated resources at its Atlanta gold mine project, located 264 kilometres northeast of Las Vegas within the mineral-rich Battle Mountain trend Measured and indicated resources now stand at 27.7 million tons averaging 1.14 grams per ton of gold for 1,019,600 ounces, representing a 122-per-cent increase from the 2020 estimate Nevada King Gold is focused on advancing its 100-per-cent owned, past-producing, 120-square-kilometre Atlanta gold mine project in southeastern Nevada The junior gold stock has given back 54.55 per cent year-over-year, drastically lagging gold's more than 40 per cent gain Nevada King Gold (TSXV:NKG) has more than doubled measured and indicated resources at its Atlanta gold mine project, located 264 kilometres northeast of Las Vegas within the mineral-rich Battle Mountain trend. Measured and indicated resources now stand at 27.7 million tons averaging 1.14 grams per ton (g/t) gold for 1,019,600 ounces, representing a 122-per-cent increase from the 2020 estimate. At a base-case of US$2,200 per ounce of gold, Atlanta's ounce count benefits from an over 35 per cent discount to the price of US$3,405 on May 4 at the time of writing. The million-ounce milestone follows successful phase I and II resource definition drilling programs, but does not include new mineralization encountered in the ongoing phase-III program, as highlighted by a recent gold and silver discovery at Silver Park. As drilling continues, the company will focus on de-risking Atlanta with additional metallurgical, geotechnical and environmental work, as well as permit planning. According to Wednesday's news release, 'management sees clear potential for continued resource expansion with mineralization open to the north, south and west of the resource zone, as well as the potential for finding regional satellite deposits.' Leadership insights 'This updated MRE was prepared by RESPEC, a highly regarded engineering firm that represents the gold standard for Nevada projects. The results mark a major milestone at Atlanta, confirming a high-grade and high-confidence oxide gold system in one of the most sought-after jurisdictions in the world,' Collin Kettell, Nevada King Gold's chief executive officer, said in a statement. 'We are pleased to exceed the 1-million-ounce gold threshold in the M&I category while maintaining the grade of oxide mineralization well above 1 g/t. Today's results highlight the success of our phase I and II drill programs and validate our technical team's geological model and drilling since 2021. With this MRE under our belt, we will continue our quest to unlock the full potential of the Atlanta district. Our fully funded, aggressive phase-III exploration drill program is aimed at demonstrating Atlanta's multi-million-ounce potential.' About Nevada King Gold Nevada King Gold is focused on advancing its 100-per-cent owned, past-producing, 120-square-kilometre Atlanta gold mine project in southeastern Nevada. Nevada King Gold stock (TSXV:NKG) is down by 26.83 per cent on the news trading at C$0.15 as of 11:05 am ET. The stock has given back 54.55 per cent year-over-year, drastically lagging gold's more than 40 per cent gain. Join the discussion: Find out what everybody's saying about this junior gold stock on the Nevada King Gold Corp. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Cision Canada
04-06-2025
- Business
- Cision Canada
NEVADA KING ANNOUNCES MORE THAN DOUBLING OF M&I RESOURCE AT ATLANTA TO 1,019,600 GOLD OUNCES AVERAGING 1.14 G/T
VANCOUVER, BC, June 4, 2025 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) (" Nevada King" or the " Company") is pleased to report an updated Mineral Resource Estimate (" MRE") for 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. The MRE was prepared by RESPEC (formerly Mine Development Associates) based out of Reno, Nevada, a group with unmatched experience working with Nevada-based deposits. Atlanta Resource Highlights: Measured and Indicated ("M&I") resources: 27.7 million tonnes (Mt) at an average gold grade of 1.14g/t for 1,019,600 ounces of contained gold, representing a more than doubling (122% increase) of M&I resources compared to the 2020 resource estimate, highlighting the success of the Company's Phase I & II resource definition drilling campaigns. 91% of the total gold ounces are categorized within the higher confidence M&I categories, with just 9% in the inferred category (see Table 1). Tonnes Au g/t Au oz Ag g/t Ag oz AuEq g/t AuEq oz 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 Table 1. Pit-constrained MRE summary for Atlanta High-grade core: M&I resources include a high-grade core of 524koz Au averaging 3.99g/t Au at a 2 g/t AuEq cut-off grade (" COG"). This high-grade core alone contains more ounces than the 2020 M&I resource estimate and at more than triple (207% increase) the average grade. Open-pit, oxide gold system: This pit-constrained, oxide resource applies a US$2,200/oz gold price and assumes recoveries and processing methods from the Company's Phase 1 metallurgical test work program, which outlines conventional Nevada oxide processing methods at Atlanta (link here). Significant growth potential: Today's resource covers the Atlanta Resource zone and does not incorporate mineralization encountered in the Company's Phase III drilling, including the recent discovery of gold and silver mineralization at Silver Park. Management sees clear potential for continued resource expansion with mineralization open to the north, south and west of the resource zone, as well as the potential for finding regional satellite deposits. Collin Kettell, CEO of Nevada King, stated: "This updated MRE was prepared by RESPEC, a highly regarded engineering firm that represents the gold standard for Nevada projects. The results mark a major milestone at Atlanta, confirming a high-grade and high-confidence oxide gold system in one of the most sought-after jurisdictions in the world. We are pleased to exceed the 1Moz Au threshold in the M&I category while maintaining the grade of oxide mineralization well above 1 g/t. Today's results highlight the success of our Phase I and II drill programs and validate our technical team's geological model and drilling since 2021. With this MRE under our belt, we will continue our quest to unlock the full potential of the Atlanta district. Our fully funded, aggressive Phase III exploration drill program is aimed at demonstrating Atlanta's multi-million-ounce potential." Cal Herron, Exploration Manager of Nevada King, remarked: "Atlanta is a unique system with multiple instances of high-grade gold deposition. These high-grade zones, which play prominently into today's resource estimate, were a key target of our Phase II drill program. "When we began our work at Atlanta, the resource totaled 460,000 M&I ounces averaging 1.30 g/t. Today's resource update more than doubles that figure and includes significantly more high-grade material, which is largely the result of thicker, higher-grade intercepts within the West Atlanta Graben Zone. We see clear potential for expansion of this zone to the south, north and west with the possibility of finding additional elevated high-grade zones. "The Company's unwavering support behind its technical team coupled with its commitment to seeing the exploration program completed made it possible to boost a modest deposit into a high-grade, +1 Moz deposit – a rare achievement for open pit oxide deposits in safe jurisdictions. That same tenacity is still at play today, pushing our Phase III exploration forward throughout the Atlanta District in search of new deposits." 2025 Mineral Resource Estimate Open pit oxide resources to be processed at a mill are estimated at 14.5Mt grading 1.72g/t Au for 803koz of contained gold in the M&I category, while 1.0Mt grading 2.24g/t for 70koz of contained gold are in the Inferred category. Open pit oxide resources to be processed via a heap leach are estimated at 13.2Mt grading 0.51g/t Au for 216koz of contained gold in the M&I category, while 2.7Mt grading 0.34g/t for 29koz of contained gold are in the Inferred category. Material Tonnes Au g/t Au oz Ag g/t Ag oz AuEq g/t AuEq oz Measured Heap Leach 1,246,000 0.60 24,200 3.16 126,500 0.61 24,500 Measured Mill 80,700 4.43 11,500 15.56 40,400 4.55 11,800 Measured Mill Breccia 2,103,400 2.00 135,100 25.19 1,703,300 2.15 145,700 Measured 3,430,100 1.55 170,800 16.96 1,870,200 1.65 182,000 Indicated Heap Leach 11,921,000 0.50 192,100 3.05 1,167,800 0.51 195,200 Indicated Mill 397,000 4.66 59,500 11.66 148,800 4.75 60,700 Indicated Mill Breccia 11,962,200 1.55 597,200 14.30 5,500,600 1.64 631,800 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 Heap Leach 167,600 0.49 2,600 0.02 100 0.49 2,600 Inferred Mill 1,000 3.19 100 2.87 100 3.21 100 Inferred Mill Breccia 965,700 2.24 69,600 2.86 88,800 2.25 69,900 Inferred Heap Leach (Dump/Pad) 2,504,100 0.33 26,200 2.61 210,500 0.34 27,200 Inferred 3,638,400 0.84 98,500 2.56 299,500 0.85 99,800 Table 3. Mineral resource estimate by lithology and processing method The Mineral Resources have been prepared by Jeff Bickel, C.P.G of RESPEC (formerly Mine Development Associates) in conformity with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and are reported in accordance with the Canadian Securities Administrators National Instrument 43-101 (" NI 43-101"). Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all Mineral Resources will be converted into Mineral Reserves. The project mineral resources are estimated using a variable gold equivalent (AuEq) cut-off grade. Gold Equivalent (AuEq) equation: AuEq = (US$2,200/oz Au / US$25/oz Ag) * (Gold Recovery / Silver Recovery). Gold and Silver Recoveries were variable based on grade and material type (See table below for recovery equations). Heap leach material cut-off grade of 0.14 g/t AuEq, heap leach dump/pad material cut-off grade of 0.14 g/t AuEq, mill material cross over-grade of 2.34 g/t AuEq, and mill breccia material cut-off grade of 0.33 g/t AuEq within an optimized pit. Mineral Resources within the optimized pit with a slope angle of 45 degrees. Additional inputs for Whittle pit-optimization include: mining costs of US$2.17/tonne mined; remining costs of US$1.63/tonne mined for dump/pad material; heap leach costs of US$3.28/tonne processed, milling costs of US$13.53/tonne processed, and general and administrative costs of US$0.96/tonne processed. The reported MRE have been constrained within optimized pit shells using a gold price of US$2,200/oz Au and a silver price of US$23.91/oz Ag. These metal prices, as well as the metal recoveries summarized below, were used to calculate cut-off grades and contained ounces. The MRE is based on 93,461.5m in 468 drill holes, with 76,933.8m in 407 holes drilled by Nevada King from 2020-2024 and the remainder by previous operators between 1997-2015. A technical report on the MRE will be prepared in accordance with NI 43-101 and will be filed within 45 days of this news release on Nevada King's issuer profile on SEDAR+ at This MRE has an effective date of September 6, 2024. Rounding may result in apparent discrepancies between tonnes, grade, and contained metal content. Gold and Silver recovery equations summarized by material type in table below: Heap Leach Au IF(au_c.G>0.40,3.981*LOG(au_c.G)+72.851,7.165*LOG(au_c.G)+75.224)/100 Mill Au IF(au_c.G>0.40,1.678*LOG(au_c.G)+86.519,4.068*LOG(au_c.G)+88.504)/100 Mill Breccia Au IF(au_c.G>0.40,3.074*LOG(au_c.G)+82.642,6.594*LOG(au_c.G)+85.399)/100 Heap Leach Ag IF(ag_c.G>8.00,(0.846*LOG(ag_c.G)+12.932)/100,(1.229*LOG(ag_c.G)+12.183)/100) Mill Ag IF(ag_c.G>8.00,(7.012*LOG(ag_c.G)+33.209)/100,(13.043*LOG(ag_c.G)+20.046)/100) Mill Breccia Ag IF(ag_c.G>8.00,(1.266*LOG(ag_c.G)+40.846)/100,(1.957*LOG(ag_c.G)+39.479)/100) 2025 Tonnes Au g/t Au oz Ag g/t Ag oz AuEq g/t AuEq oz 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 2020 Tonnes Au g/t Au oz Ag g/t Ag oz AuEq g/t AuEq oz M&I 11,040,000 1.30 460,000 11.89 4,220,000 1.43 505,864 Inferred 5,310,000 0.83 142,000 7.30 1,240,000 0.91 155,477 % change Tonnes Au g/t Au oz Ag g/t Ag oz AuEq g/t AuEq oz M&I 151 % -12 % 122 % -18 % 106 % -16 % 111 % Inferred -31 % 1 % -31 % -65 % -76 % -6 % -36 % Table 4. Mineral resource estimate changes from 2020 to 2025 MRE Methods The effective date of the MRE is September 6, 2024. RESPEC (formerly Mine Development Associates) worked with Nevada King to create three-dimensional geological models based on original cross-sections supplied by Nevada King which were the basis for the interpretation of mineralization of the deposit leading to the MRE. Gold and silver mineral resources were modeled and estimated as follows: Define mineral domains based on the Atlanta geological model and geostatistical analysis of drillhole data. Create polygons of explicitly modeled cross-sectional interpretations of constrained low-, medium- and high-grade mineral-domains for both gold and silver snapped to drillholes. The grade domains were guided by the geological model and integrated other relevant geological information. Rectified the cross-sections on evenly spaced long-section polygons which has plane locations coinciding with the resource block model centroids along y-axis columns. Coded a block model to the gold and silver domains using the mineral-domain long-section polygons. Composited drill hole assay sample data within the mineralized domains into 1.5 m length composites. Analyzed the modelled mineralization geostatistically to aid in the establishment of estimation and classification parameters, and Interpolated grades into block models using the gold and silver mineral domains to explicitly constrain the grade estimations. RESPEC utilized Inverse Distance Squared (ID2) interpolation for the estimation to obtain a localizing effect in the mid- and high-grade domains to best represent the spatial distribution of mineralization in the deposit. All estimates are based on a block dimension of 1.5 m by 1.5 m by 1.5 m. Resource sensitivity at various cut-offs The following table considers average cut-off within the optimized pit for the purposes of demonstrating overall sensitivities. Table 4. Mineral resource estimate sensitivities based on cut-off. 1. This table is only included to demonstrate the sensitivity of changes in cut-off grade and the values should be considered a subset of existing mineral resources. 2. Rounding as required by reporting guidelines may result in apparent discrepancies between tonnes, grade, and contained metal content. Next Steps Exploration continues with the Company's ongoing Phase III drill program, which was recently expanded to 30,000m from 20,000m and is fully funded. The Phase III program is focused on regional drilling and with gold and silver mineralization identified at Silver Park, Atlanta South, and Atlanta North exploration targets, these areas will continue to be the focus of the exploration program with potential to further increase the drill program through the rest of the year. In addition to continued exploration, the company will also continue to de-risk the project through further metallurgical test work, geotechnical work, environmental studies, and permit planning. QA/QC Protocols All Reverse Circulation (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. The PQ-diameter core was sampled in the Company's warehouse in Winnemucca, Nevada, with whole core samples being placed in heavy canvas bags and sent to American Assay Lab in Reno, Nevada, in heavy shipping bags by a Company contractor with full custody being always maintained. CRF standards and coarse blanks were inserted into the sample stream on a one-in-twenty sample basis, meaning both inserts are included in each 20-sample group. At American Assay Lab, samples were weighted, and then completely crushed to -1 inch. The coarse-crushed sample was quarter-split, and one quarter was reduced to 75% passing 2mm. A 300g split was subsequently pulverized to 85% passing 75 microns. 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 MRE for Atlanta was prepared under the supervision of Jeffrey Bickel, CPG, an employee of RESPEC. Mr. Bickel has reviewed and approved the technical contents relating to the MRE in this news release. Mr. Bickel has reviewed the sampling, assaying, and security procedures used at the Atlanta Project and it is his opinion that they follow industry standard procedures and are adequate for the estimation of the MRE and for use in preparing the Technical Report. Mr. Bickel completed audits of the databases provided by Nevada King, performed a site visit, and reviewed quality assurance and quality control data and procedures. After performing his review, he considers the assay data to be adequate for the estimation of the MRE and for use in preparing the Technical Report. 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 NI 43-101, and he supervises all of the Company's exploration activities. 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 1,020koz Au in the measured and indicated category (27.7M tonnes at 1.14 g/t) plus an inferred resource of 98.5koz Au (3.6M tonnes at 0.84 g/t and replaces the Gustavson 2020 resource summarized below (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+ Previous NI 43-101 Mineral Resources at the Atlanta Mine by Gustavson 2020 NI 43-101 Mineral Resources at the Atlanta Mine by RESPEC 2025 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, further exploration activities at Atlanta, including the potential for continued resource expansion and locating regional satellite deposits, and derisking the Atlanta Project through further metallurgical test work, geotechnical work, environmental studies, and permit planning. 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. Readers are urged to refer to the Company's filings on SEDAR+ at for a more complete discussion of such risk factors and their potential effects. 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. SOURCE Nevada King Gold Corp.
