NKG:CC - Looking for Gold With Two Additional Drill Rigs
2023-06-26 09:28:40 ET
The quest for %Gold continues in the Nevada hills and this company is significantly expanding drilling at this historical drilling area.
%NevadaKingGoldCorp (TSXV: ) (OTCQX: ) provided an update this morning in its press release on its Phase II resource expansion and definition drilling program at its 5,166 hectare, 100%-owned Atlanta Gold Mine Project. The project is located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. Two additional reverse circulation rigs have been mobilized to Atlanta and are now in operation, bringing the overall rig count at site to three.
The firm’s Exploration Manager, Cal Herron had this to say, “The increase from one drill rig to three will significantly increase the rate of adding to and upgrading our existing resource. Two of the drills are tracked machines that can negotiate more difficult areas to access, which will better enable us to advance our exploratory drilling outward in all directions from the existing resource area.”
Canadian shares closed Friday at $0.40.