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Nevada King Expands Phase III Drilling Program at Atlanta Gold Mine

Story Highlights
  • Nevada King expands its Phase III drilling program at the Atlanta Gold Mine Project to 30,000 meters.
  • The expansion follows promising findings and aims to strengthen Nevada King’s resource base and industry position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nevada King Expands Phase III Drilling Program at Atlanta Gold Mine

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Nevada King Gold Corp ( (TSE:NKG) ) has issued an update.

Nevada King Gold Corp has announced an expansion of its Phase III drilling program at the Atlanta Gold Mine Project from 20,000 meters to 30,000 meters. This decision follows promising initial findings from the ongoing drilling, particularly at the Atlanta North and Silver Park targets. The company has faced challenges at the Atlanta South target due to the Eureka Quartzite but has overcome these hurdles, marking significant progress. This expansion underscores Nevada King’s commitment to advancing its exploration efforts, potentially enhancing its resource base and strengthening its position in the gold mining industry.

Spark’s Take on TSE:NKG Stock

According to Spark, TipRanks’ AI Analyst, TSE:NKG is a Neutral.

Nevada King Gold Corp’s overall stock score reflects its speculative nature as an exploration-stage company with no revenue and negative cash flows. The lack of debt and recent financing provide some stability, but technical indicators are weak. Positive corporate developments offer potential upside if exploration efforts succeed.

To see Spark’s full report on TSE:NKG stock, click here.

More about Nevada King Gold Corp

Nevada King Gold Corp is a mining company focused on gold exploration and development. The company operates the Atlanta Gold Mine Project located along the Battle Mountain Trend in Nevada, a region known for its rich mineral deposits.

YTD Price Performance: -2.39%

Average Trading Volume: 134,086

Technical Sentiment Signal: Strong Buy

Current Market Cap: $76.37M

Learn more about NKG stock on TipRanks’ Stock Analysis page.

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