06:57 AM EST, 01/08/2025 (MT Newswires) -- Nevada King Gold ( NKGFF ) on Wednesday provided an update on its Phase III regional drill program that is underway at the 12,000 hectare, fully owned Atlanta Gold Mine Project along the Battle Mountain Trend 264km northeast of Las Vegas, Nevada.

The company said it has completed 26 reverse circulation holes totaling 6,600m of a total planned 20,000m of drilling, since the commencement of its Phase III drill program. Following a two-week holiday break, two drills are back up and turning at Atlanta.

Nevada King submitted a minor modification in December to its existing plan of operations to the U.S. Bureau of Land Management, which will allow for 47 additional drill sites and 1.9km of new drill road construction throughout the Atlanta district. These proposed drill pads will allow for further access to test along the ridge of the SQRT, as well as at the Outlaw, Mustang, Silver Park, and Rangefront targets.

"The current drilling is concentrated along the eastern and southern ring fracture systems of the Atlanta Caldera as defined by gravity and drone magnetic data. ... Within these ring fracture zones, CSAMT data indicate several graben-type or cauldron-type depressions in the Paleozoic basement sequence that may have formed structural traps for confining hydrothermal fluids within a small area, similar to what we see in the Atlanta resource zone," said Nevada King Exploration Manager Cal Herron.

Shares of the company closed flat at $0.29 on Tuesday on the TSX Venture Exchange.