12:46 PM EDT, 10/21/2024 (MT Newswires) -- Nevada King Gold ( NKGFF ) on Monday said it is launching a Phase III drill program with the mobilization of a reverse-circulation drill to conduct drilling across the recently discovered Wild West Target at its Atlanta Gold Mine Project in Nevada.

The company said earlier drilling at the site showed some high-grade mineralization.

"The WWZ is situated along a major east-west basement lineament interpreted from gravity data that projects approximately 3 kilometres eastward from the Silver Park, Mustang, and Outlaw Targets through the centre of the Wild West Target and into the Atlanta resource zone where it connects to the North Fault, which is an important structural control associated with high-grade mineralization, "Exploration Manager Cal Herron said.

The company's shares were last seen down $0.005 to $0.38 on the TSX Venture Exchange.

Price: 0.38, Change: -0.01, Percent Change: -1.30