Highlights:
- Throughout 2022, Nevada King staked an additional 1,825 mineral claims covering 147km2, further bolstering its strategic land package along the Battle Mountain Trend. As a result, the Company now holds 10,315 (834.9km2) lode claims, making it the 3rd largest mineral hard rock claim holder in the
State of Nevada , behind Kinross Gold andNevada Gold Mines , the Barrick/Newmont Joint Venture (Figure 2). - The Company's current staking efforts are focused on target areas it has identified along the Battle Mountain Trend. The Company anticipates locating additional claims by year's end and when staking is completed will disclose in more detail the areas that have been added, its targeting rationale for these areas and, where applicable, the exploration strategy it plans to pursue to advance these project areas.
- The Company began building its project portfolio in 2016, concentrating its efforts on developing district-sized projects along the Battle Mountain Trend in close proximity to current mines and resources. A majority of this ground was acquired via staking, importantly avoiding underlying net smelter royalties, option payments, and work commitments. As a result, 98% of Nevada King's land holdings are free of any royalties.
- Approximately 50% of the Company's claims are located in the heart of the Battle Mountain Trend near the Cortez, Pipeline,
Phoenix , andLone Tree Mines . These include its Lewis (650 claims),Horse Mountain/Mill Creek (920 claims), South Hilltop (343 claims),Buffalo Valley (1,191 claims), andIron Point (1,531 claims) project areas (Figure 1).
"Nevada King's unfolding discovery at the
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
Nevada King is the third largest mineral claim holder in the
The Company is well funded with cash of approximately
NI 43-101 Mineral Resources at the
Resource Category | Tonnes (000's) | (ppm) | Contained Au Oz | (ppm) | Contained Ag Oz |
Measured | 4,130 | 1.51 | 200,000 | 14.0 | 1,860,000 |
Indicated | 6,910 | 1.17 | 260,000 | 10.6 | 2,360,000 |
Measured + Indicated | 11,000 | 1.30 | 460,000 | 11.9 | 4,220,000 |
Inferred | 5,310 | 0.83 | 142,000 | 7.3 | 1,240,000 |
Please see the Company's website at www.nevadaking.ca.
Neither the
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 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 find or 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 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, 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 given the global COVID-19 pandemic, 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.
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