08:18 AM EDT, 05/01/2025 (MT Newswires) -- Nevada King Gold ( NKGFF ) reported Thursday results from its phase 3 regional drill program at the Atlanta gold project in Nevada.

Highlights from the Silver Park target include 1.11 grams per tonne (g/t) gold equivalent over 25 meters, which is part of a 165-meter interval consisting of three separate mineralized horizons that taken together average 0.47 g/t gold equivalent over 92 meters.

"Silver Park has always been of interest historically, but very shallow mineralization and a very high silver-to-gold ratio led many to believe the mineralization was purely supergene and of little significance. Our new Phase III drilling has changed that view entirely," said Cal Herron, Nevada King's exploration manager.

The company said it plans to conduct follow-up drilling to further define near-surface, oxidized gold-silver zones at both Silver Park East and West, targeting additional mineralization.

"This drilling has also established direct geological and geochemical links between Silver Park and Atlanta tying mineralization in both areas to the same hydrothermal event," Herron said. "With this genetic tie now demonstrated, we have a powerful exploration model based on stratigraphy and lithochemistry that allows us to rapidly vector toward new targets across the caldera."

Nevada King's share price gained 4.2% on Wednesday to $0.25 on the TSXV.